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At the open on July 9, China's Shanghai Composite Index rose 6.67 pts (+0.17%) to 3,977.55; Shenzhen Composite Index rose 98.74 pts (+0.66%) to 15,038.47; CSI 300 Index rose 18.87 pts (+0.40%) to 4,774.40; ChiNext Index rose 46.77 pts (+1.22%) to 3,8

2026-07-09

At the open on July 9, China's Shanghai Composite Index rose 6.67 pts (+0.17%) to 3,977.55; Shenzhen Composite Index rose 98.74 pts (+0.66%) to 15,038.47; CSI 300 Index rose 18.87 pts (+0.40%) to 4,774.40; ChiNext Index rose 46.77 pts (+1.22%) to 3,892.12; STAR 50 Index rose 31.01 pts (+1.54%) to 2,047.24.

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2026-07-09

Kuwait's foreign minister said Iran's actions reflect a repeated hostility posture, constitute a blatant violation of Kuwait's sovereignty and a direct threat to Kuwait's security, stability and the safety of its citizens and residents, and amount to

Kuwait's foreign minister said Iran's actions reflect a repeated hostility posture, constitute a blatant violation of Kuwait's sovereignty and a direct threat to Kuwait's security, stability and the safety of its citizens and residents, and amount to a serious breach of international law, the UN Charter and UN Security Council resolution 2817.
2026-07-09

On July 8th, the DR007 rate closed at 1.3829%. It remains to be seen whether this will break the downward trend since June 24th and continue to fluctuate around the policy rate of 1.4%. The central bank achieved a net withdrawal of 278.5 billion yuan

On July 8th, the DR007 rate closed at 1.3829%. It remains to be seen whether this will break the downward trend since June 24th and continue to fluctuate around the policy rate of 1.4%. The central bank achieved a net withdrawal of 278.5 billion yuan that day. -------- Note: Short-term money market rates such as DR007 reflect the abundance of funds in the market. For example, many transactions in financial markets such as the stock and bond markets are essentially leveraged through loans, and the cost of these loans depends on short-term interest rates. DR007 is generally considered the anchor for short-term interest rates in China. The difference between DR007 and the central bank's 7-day reverse repo rate (policy rate) indicates whether there is a shortage of funds in the market. If the DR007 rate is significantly higher than the policy rate, it indicates a shortage of funds, and the central bank may intervene to inject liquidity; conversely, if the DR007 rate is lower, it indicates very ample market liquidity.
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