A股商业航天板块午后拉升，海兰信20cm涨停，超捷股份直线拉升涨超14%，天力复合、飞沃科技、星图测控、创远信科等多股拉涨。消息面上，长征十号乙运载火箭一子级在海上回收平台成功回收，这是我国首次成功实施运载火箭一子级可控回收。

After a rare zero issuance in Q1, Chinese banks' Tier-2 perpetual bond issuance accelerated sharply in Q2, exceeding CNY1 trillion in aggregate. Issuance has concentrated with large state-owned banks as the dominant issuers while small- and medium-sized banks have slowed issuance amid downward pressure on capital adequacy ratios. Smaller banks are pursuing alternate recapitalization channels—convertible-bond conversions, injections via local government special bonds and other innovative tools are accelerating. Market participants say the issuer split reflects credit stratification and a reworking of regulatory logic, highlighting more granular risk pricing and the urgency for smaller banks to both raise capital and improve asset quality.

New York Fed Open Market Account manager Perli said reserve-management purchase operations have no preset path; the Desk can raise or cut purchases depending on money-market conditions. She said the Desk is ready to implement any balance-sheet or rate-control changes the Committee may decide after Fed chair Kevin Warsh appointed a working group on the Fed’s balance sheet. The Fed began reserve-management purchases in December to offset an expected sharp April reserve drain from tax inflows into the Treasury general account, which reduce banking system reserves as Treasury balances at the Fed rise.