Shanghai Gold Exchange gold T+D fell 0.5% in early trade on July 8 (Wednesday) to 898.3 yuan/gram; silver T+D declined 1.1% to 14,700 yuan/kg.

Sources said Russia's largest oil refinery, the Omsk refinery, suspended operations after a drone strike on Monday.

The SFC said it welcomes PBOC measures to support Hong Kong fixed-income and money markets. The China Foreign Exchange Trade System will co‑build an electronic fixed‑income and money‑market trading platform with HKEX in Hong Kong; launch timetable to be announced. Onshore China government bonds and policy bank bonds held under Bond Connect northbound will be accepted as eligible collateral by HKEX’s two clearing houses — Hong Kong Futures Clearing Corporation Ltd and HKEX Options Clearing House Ltd — with a target implementation date of end‑2026. The SFC is discussing further optimisation of Swap Connect with the PBOC, including a plan to add the interbank 7‑day deposit institution repo fixing rate (FDR007) as a Swap Connect contract reference rate in Q4 2026.