China A-share baijiu sector staged a short-term rally: Jiugui Liquor hit its daily trading limit, Jihong Co. rose over 4%, Shuijingfang gained more than 3%, Gujing Gongjiu climbed over 2%; Wuliangye and Kweichow Moutai also advanced.

美国财长贝森特：到特朗普任期结束时，赤字与GDP之比可降至4%以下。

At China Merchants Bank’s shareholder meeting in Shenzhen on June 25, party secretary and president nominee Wang Xiaoqing outlined four strategic priorities. First, stay customer‑centric and adhere to a long‑term approach, avoiding short‑term profit‑seeking or opportunistic revenue grabs. Second, prioritize asset quality, operate within capability limits, and avoid swapping tomorrow’s non‑performing loans for today’s revenue. Third, keep retail banking as the core franchise; despite market challenges, wealth‑management‑led retail remains CMB’s strategic focus and ballast. Fourth, continue to increase technology investment.