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On June 20, Dong Ximiao, chief researcher of China UnionPay, said that lowering the LPR is not a top priority. As market interest rates continue to decline, the marginal effect of interest rate cuts is also declining. From the perspective of external factors, the Federal Reserve has slowed down the pace of interest rate cuts. If the LPR falls too quickly, it may widen the interest rate gap between China and the United States and increase pressure on the RMB exchange rate. In the next step, lowering the LPR is not the only way to promote a decline in the overall financing cost of society. In the future, reducing the overall financing cost may start with reducing non-interest costs such as mortgage guarantee fees and intermediary service fees.
Feifan Lingyue (00933.HK) rose more than 22%, and Li Ning (02331.HK) rose 6.5%. According to the news, Feifan Lingyue acquired a total of 18.09 million shares of Li Ning.
Aviation tracking data shows that a U.S. Air Force C-5M Super Galaxy transport aircraft landed at Prince Sultan Air Base this morning, hauling a large amount of cargo. According to the fuel level reported by ACARS, the transport aircraft landed with 200,000 pounds of cargo.
Israeli military: Operations are underway at the location where the missile was reported to have fallen.
According to Iranian media reports, Iran launched a series of missiles into Israels Negev, targeting Israels Nevatim Air Base.