PBOC conducted CNY 288.5 bln of 7-day reverse repos today; bids and allotments both CNY 288.5 bln; operation rate 1.40%, unchanged.

US President Trump said the stock market is rising and everyone is profiting, and that he is profiting as well.

As of June 30, Beijing's 'Specialized, Refined, Distinctive and Innovative' board counted 1,519 firms, surpassing the plan's phase target of 1,500. Cumulative equity financing for these board companies has exceeded 70 billion yuan, with Beijing leading the country in enterprise financing scale and policy support. The cohort comprises 418 innovation-oriented SMEs, 727 specialized-and-new SMEs and 218 'Little Giant' firms. Roughly 90% of firms are clustered in frontier sectors: new-generation IT, software and IT services, artificial intelligence, biopharma, smart manufacturing, new energy and advanced materials.