Onshore yuan (CNY) closed at 6.7925 per U.S. dollar at 16:30 on July 6, down 121 pips from the previous session.

Southbound Stock Connect net bought CNY 20.528 bln today. Via Hong Kong Stock Connect (Shanghai leg), Tracker Fund of Hong Kong (TraHK) and Alibaba (HK-listed) were net bought HKD 4.696 bln and HKD 813 mln respectively; Kingboard Laminates was the top net seller at HKD 464 mln. Via Hong Kong Stock Connect (Shenzhen leg), Tencent Holdings and TraHK were net bought HKD 2.95 bln and HKD 2.173 bln respectively; SMIC was the largest net seller at HKD 1.279 bln.

Industry data show China’s lithium‑battery scheduled output (energy storage + EV powertrain + consumer) in July 2026 was about 283GWh, up 5.6% MoM. Energy‑storage cell output accounted for 42.9%. Global scheduled lithium‑battery output was 296GWh, up 5.3% MoM. This is the fifth consecutive month of record highs. June–July are normally a seasonal trough, but scheduling has continued to rise; industry sources say the increase reflects a structural upgrade in demand as global lithium‑battery demand broadens from NEV‑led to multi‑pillar growth.