Hong Kong-listed JD.com (09618.HK) rose more than 3%; turnover exceeded HK$260 million.

Fed chair KEVIN WARSH has convened five independent external working groups to conduct a comprehensive review of the Fed’s monetary policy operating framework. Mandate areas include balance-sheet management, policy tools, the macroeconomic effects of artificial intelligence, and data and analytics. Each group will operate independently, conduct evidence-based research and deliver rigorous analyses to the FOMC. The review will assess policy tools, analytical methods and whether the policy framework can be improved. Appointments include Raj Chetty to lead the data group, tech investor Marc Andreessen to lead the productivity and employment group, and former White House CEA chair Greg Mankiw as co-leader of the inflation group. Warsh said the U.S. economy has undergone generational change and faster transformation, and the Fed must ensure it is optimally positioned to achieve price stability and maximum employment.

On July 10 the Bonds Connect operator said Swap Connect has operated smoothly since its May 2023 launch and that the number of overseas investors using the scheme rose to about 100 as of July 2026. Q1 2026 trading volume reached 1.78 trillion yuan, up 26% YoY. Swap Connect is an interconnect mechanism allowing foreign investors to access China’s onshore interest-rate derivatives market via cross-border infrastructure.