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On July 10th, HSBC issued a report lowering its target price for Gu Ming (01364.HK) by 7%, from HK$29.1 to HK$27.1, while maintaining a "Buy" rating. The bank believes that the companys profit recovery cycle may improve in 2027 following a comprehensive adjustment to its delivery subsidies, coupled with the support of a healthy franchisee-store economy. Demand for freshly made beverages remains strong, and the bank expects store expansion to regain momentum in 2027, potentially creating a more favorable profit recovery cycle. According to the banks estimates, Gu Ming will have 15,554 sales points by the end of 2026.HSBC lowered its target price for Microsoft (MSFT.O) from $571 to $567.Japan Meteorological Agency: The El Niño phenomenon appears to be continuing since the spring of 2026.On July 10th, the National Health Commission issued the "Notice on Strengthening the Management of Continuous Medication Use for Residents." The Notice provides policy support for establishing a scientific and standardized mechanism for managing continuous medication use for residents, forming a fair, accessible, systematic, continuous, high-quality, and efficient medication service system. It makes specific provisions in three main aspects: First, establishing and improving a multi-level management mechanism. Based on the actual situation of information technology construction at the provincial, municipal, county, and closely integrated medical consortium levels, the functions of continuous medication use management for residents within the region will be expanded. Second, promoting the co-construction and sharing of medication information, mainly including prioritizing the use of national standards for data collection, recording complete medication information for residents, standardizing individualized medication management for patients, establishing and improving regional medication monitoring and analysis mechanisms, assisting in improving clinical pharmacy service capabilities, strengthening the supply of convenient and beneficial services for residents, and establishing a clinical medication feedback mechanism. Third, standardizing the entire process management of continuous medication use for residents, mainly clarifying the management responsibilities of health administrative departments at all levels and the leading hospitals of closely integrated medical consortia.The National Bank of Kazakhstan reported that Kazakhstans net gold and foreign exchange reserves in June totaled $60.161 billion (a 7.8% decrease month-on-month).

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