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Real-time News
July 20th - Hedge funds short positions in the New Zealand dollar have reached a record high, as they believe the recent rebound in global oil prices could exacerbate economic pressures in New Zealand. Data from the Commodity Futures Trading Commission (CFTC) shows that in the week ending July 14th, leveraged funds increased their net short positions in the New Zealand dollar by 1,907 contracts to 29,582 contracts, the highest level since 2006. This bearish stance contrasts with the recent rebound in the New Zealand dollar, which was primarily driven by the Reserve Bank of New Zealands hawkish policies. Furthermore, investor concerns about New Zealands energy-importing economy are also reflected in the short bets, as escalating tensions between the US and Iran have caused oil prices to break through $90 per barrel again. The oil price shock could further worsen the countrys trade balance; last month, the country barely avoided a trade deficit, while domestic consumer spending declined.Wesfarmers Australia: Founders an artificial intelligence partnership with Microsoft (MSFT.O).Shanghai Auntie (02589.HK) once surged by more than 50% during the session, but the gains have now fallen back to 29%.On July 20th, Wang Weiming, Chief Engineer of the Ministry of Industry and Information Technology (MIIT), stated that since the beginning of this year, the MIIT has focused on facilitating the industrialization of research results and the incubation chain for technology-based enterprises, taking the cultivation and expansion of the science and technology service industry as a key focus, and has carried out work in three key areas. First, strengthening the incubation rate, establishing a full-chain service capability from R&D to pilot testing and then to incubation; second, building a sound trading market, as many high-quality research results, despite their strong technical foundation, are limited by regional and channel constraints, making it difficult to connect with the national market—even the best products need marketing. Currently, we are accelerating the formulation of policy documents to cultivate a nationally integrated technology market, striving to break down regional barriers and institutional obstacles in the technology transaction process, building a unified national technology transaction service platform, and promoting the free flow of technological elements nationwide; third, facilitating the transformation of supply and demand for research results. "We cannot look for nails with a hammer," we must adhere to the principle of industry posing the questions and science and technology providing the answers, giving full play to the role of technology managers, and facilitating the smooth flow of research output, intermediary matchmaking, and application implementation. Currently, the MIIT is accelerating the formulation of reform measures to strengthen the construction of the technology manager team, and relevant policies and standards will be released soon.On July 20th, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first half of 2026. Tao Qing, spokesperson for the Ministry of Industry and Information Technology and Director of the Bureau of Operation Monitoring and Coordination, stated that software is the soul of the new generation of information technology, an important foundation for the development of the digital economy, and a key support for building a manufacturing powerhouse, a cyber powerhouse, and a digital China. Going forward, in accordance with the national software development strategy, we will continue to enhance the supply capacity of key software products and services, accelerate the introduction of the "Artificial Intelligence + Software" action plan, promote the intelligent transformation of software development, the intelligent upgrading of software products and services, and the cultivation of new intelligent agent software business models. We will also continuously improve the capabilities of open-source infrastructure in project incubation, supply chain security governance, exploration of emerging scenarios, and overseas market implementation, and accelerate the growth of the national-level artificial intelligence open-source community into an innovation source for emerging technologies and an important scenario for the implementation of software and hardware products.
