China Futures Association data (reported July 11) show June national futures market volume at 939.26 million contracts, up 27.00% YoY, and turnover at CNY80.62 trillion, up 52.72% YoY. Jan–Jun cumulative volume was 5.10487 billion contracts, up 25.23% YoY, with cumulative turnover CNY482.70 trillion, up 42.08% YoY.

Forecasts show Typhoon Bawei and its moisture will produce heavy to locally extreme rain over the next three days across Beijing, Tianjin, Anhui, Jiangxi, Liaoning and Heilongjiang, with short‑duration torrential downpours and heightened risks of flash floods, geological hazards, small‑/medium‑river floods and urban waterlogging. Under the national flood-control emergency plan, the National Flood Control and Drought Relief Headquarters at 20:00 on July 11 upgraded flood emergency response from level 4 to level 3 for Beijing, Tianjin, Liaoning, Anhui and Jiangxi, and activated a level‑4 response for Heilongjiang. The headquarters has sent an office working group to Beijing to assist and guide flood-control operations. (Ministry of Emergency Management)

Axios reported a regional source said parties are discussing a possible joint statement to fully open the Strait of Hormuz "central corridor" (in international waters) and affirm freedom of navigation.