The National Data Administration issued the Guidelines for Data Property Registration (Trial) to promote secure, compliant and efficient data circulation and use. The national data management authority will oversee nationwide data property registration, including establishing a unified national registration regime, guiding and supervising registration activities, and building and operating a national data property registration service system. The service system will aggregate registration record

The New York Times, citing four people familiar with the talks, reports Iranian President Pezeshkian visited Supreme Leader Mujtaba Khamenei during final negotiations after Khamenei hesitated to approve a preliminary U.S.-Iran ceasefire. Pezeshkian told Khamenei the U.S. maritime blockade was choking Iran’s economy and said he would resign if the deal was rejected; central bank governor Abdolnaser Hemmati warned in a letter of a severe budget crisis, saying key food and medical supplies would be exhausted by end‑August if the blockade continued and that Iran could not sell oil at required volumes or find alternative trade routes. Those interventions were cited as pivotal in Khamenei’s eventual support; Khamenei said he opposed the deal in principle but instructed the president to proceed if the Supreme National Security Council backed it — Pezeshkian said the council approved the agreement 12‑1.

July 3 — Goldman Sachs maintains Buy on MiniMax Group, PT HK$860. GS says MiniMax’s M3 model is priced at parity with M2.7; training and inference architecture upgrades lift inference efficiency by more than 2x, sufficient to offset cost increases from a doubling of model parameters. DeepSeek plans a V4 launch in mid‑July and has rolled out time‑of‑day pricing, with peak‑period calls charged at 2x off‑peak; GS views DeepSeek’s price increase as indirect validation of M3’s value proposition. Larger M3 variants and an upcoming H3 video model are flagged as near‑term catalysts.