Russia’s presidential website said late on the 3rd that President Putin said Russia must continue large-scale strikes on the Ukrainian military-industrial complex and related facilities. He inspected an auxiliary command post of combined Russian forc

Domestic News 1. The China Securities Regulatory Commission (CSRC) publicly solicits opinions on improving the rules for listed companies' refinancing. 2. Three departments: Adjustment of preferential policies for vehicle and vessel taxes for energy-saving vehicles and new energy vehicles. 3. The People's Bank of China (PBOC) will conduct 1 trillion yuan of reverse repurchase operations on July 6, ending three consecutive months of reduced volume. 4. The Shanghai Stock Exchange: This week, it will focus on monitoring stocks with abnormal fluctuations, including China Shipbuilding Special Gas, Changyingtong, and Yunzhong Technology. 5. The PBOC and two other departments issued a notice soliciting public opinions on the "Draft Measures for the Management of Cybersecurity in the Financial Industry." International News 1. Trump hints that Warsh's work at the Federal Reserve is difficult and continues to try to get rid of "troublemakers." 2. Infineon's world's largest power semiconductor factory, with an investment of 5 billion euros, has started production ahead of schedule. 3. Trump releases a comparison chart of military spending to pressure NATO, claiming that the US is "unilaterally paying the price." 4. A customs system malfunction may affect Congo's cobalt exports, with up to 20,000 tons of goods unable to be shipped on schedule. 5. Market News: Kioxia (Kioxia) and SanDisk (SNDK.O) have begun production of 10th-generation 3D NAND flash memory at their Fab 2 plant in Kitsang. 6. According to the Seoul Economic Daily: Meta is considering a collaboration with Samsung to produce custom AI chips worth 10 trillion won. 7. Bank of America data shows that investors are withdrawing from the US stock market at the fastest pace since March. 8. Middle East Situation ① Gulf region oil exports surged in June, with the UAE's crude oil shipments reaching a record high. ② Sources say Japanese oil buyers are in preliminary talks with Iran regarding crude oil purchases.

According to the New York Times, Iran has historically experienced fierce political competition, sometimes erupting into the public eye. Traditionally, however, these divisions have existed between conservatives and reformers, the former adhering to the religious and anti-Western ideologies of the Islamic Revolution, and the latter seeking change but repeatedly failing. Now, in the vacuum left by the assassination of former Supreme Leader Khamenei, who held absolute power over all major decisions, the conservatives have split. One side identifies as pragmatists, believing the nation's survival requires ending hostility with the United States and opening its economy. The other side comprises a minority of hardliners who refuse to make any concessions to the United States (including on the nuclear program) and believe Iran can win by prolonging the war. According to four senior Iranian officials and two members of the Revolutionary Guard, the public divisions are just the tip of the iceberg, with deeper rifts forming behind the scenes. They describe a fierce power struggle: each side is trying to win over the new Supreme Leader Mojtabalah as an ally and dominate Iran's political future. According to them, the pragmatists (including senior Revolutionary Guard generals, Parliament Speaker Ghalibaf, President Pezehiziyan, and Supreme National Security Council Secretary General Zorgader) have gained the upper hand. They have ignored external noise and pushed forward key decisions regarding accepting a ceasefire, direct negotiations with US Vice President Vance, and signing an agreement with Trump. Moreover, the Supreme Leader no longer appears to possess "absolute power." In the months since the outbreak of the war, Revolutionary Guard generals have consolidated power and are effectively governing the country. One indication that decision-making has shifted from the absolute power of the former Supreme Leader to a more collective process under the current Supreme Leader is that Iranian Vice President for Administrative Affairs Mohammad-Jafar Gembanah recently stated that the new Supreme Leader does not have final say. Gembanah stated that Mojtaba's opinions, similar to those of other officials, should be discussed and considered. "If we only need to implement the Supreme Leader's opinions, then why do we have a parliament and a National Security Council?" he said in a speech to senior government leaders. Such a statement would have been inconceivable under the previous Supreme Leader.