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0.000%
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Real-time News
July 12th - In response to the impact of the typhoon on communication networks, the Ministry of Industry and Information Technology (MIIT) closely monitored weather changes and network operation, urgently dispatched national emergency communication support teams and equipment, and activated 5G inter-network roaming services to support the communication needs of flood control and disaster relief command centers and affected residents. According to statistics, as of 12:00 on July 12th, the information and communication industry had deployed 68,000 personnel, 24,000 emergency communication vehicles, 31,000 generators, 130 satellite phones, and 27 drones, sending 330 million warning text messages. A total of 11,000 damaged base stations have been restored.On July 12, Liu Guozhong, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, conducted research in Beijing. He emphasized the need to thoroughly study and implement the spirit of General Secretary Xi Jinpings important instructions and directives, as well as the spirit of the Political Bureau meeting, and to implement the arrangements of the State Councils executive meeting. He stressed the importance of firmly establishing a bottom-line mentality and a mindset of extreme limits, fully implementing political responsibilities, meticulously implementing measures to prevent and respond to torrential rains and floods, making every effort to ensure the safe passage of reservoirs through the flood season, and effectively safeguarding the lives and property of the people.Ukrainian President Volodymyr Zelensky has proposed replacing Prime Minister Sviridenko.July 12th - The clearing out of securities brokers may be accelerating. Industry sources indicate varying degrees of enforcement regarding broker elimination. Some local bureaus emphasize standardized elimination processes but lack a unified timetable; regulators will subsequently review the compliance of these processes. Data shows that the number of brokers in the securities industry has decreased by nearly 12,000 since 2025. As early as 2024, regulators conveyed that securities firms should adapt to the transformation towards wealth management and gradually eliminate brokers. Currently, some leading securities firms have largely completed this process, while smaller firms still have a significant number of brokers. Some securities firms have stated that they will accelerate the elimination process by combining leading practices, regulatory guidance, and industry trends, but will adopt a stable approach, such as not renewing contracts upon expiration and performance-based layoffs. They will also simultaneously adjust traditional commission-dependent models to align with the wealth management transformation. During the elimination process, qualified brokers can be transferred to formal positions such as wealth managers or investment advisors. Regarding potential customer attrition, industry insiders believe that given the overall industry is in a broker elimination phase, the overall impact of customer loss will be minimal, with only some regions potentially experiencing minor disruptions.Iraqi government spokesperson: The Iraqi prime minister will sign several oil and gas memorandums of understanding during his visit to Washington.
