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The Hong Kong Monetary Authority (HKMA) will continue to closely monitor market developments (regarding the Federal Reserves interest rate decision).
July 30 - According to Irans Tasnim News Agency, power has been fully restored to Qeshm Island, Iran, after a brief blackout caused by a missile attack on the power grid. The head of the local power company stated that repair crews had resolved the power outage, but all staff remain on high alert. US warplanes launched multiple missiles at various locations on the island early that morning.
Samsung Electronics: Chip supply shortages will worsen in 2027 and continue into 2028.
July 30th - In the first half of the year, all regions and departments earnestly implemented the decisions and deployments of the CPC Central Committee and the State Council, actively promoted the implementation and effectiveness of several economic policies for high-quality cultural development, improved the quality and efficiency of the cultural industry, and focused on expanding the consumption of cultural products and services. Cultural enterprises achieved steady growth in operating revenue, and new cultural business formats demonstrated vigorous vitality. Operating revenue of large-scale cultural enterprises grew steadily. In the first half of the year, large-scale cultural and related industries nationwide achieved operating revenue of 7.2026 trillion yuan, an increase of 4.6% year-on-year. By sector, the core cultural sector achieved operating revenue of 5.0472 trillion yuan, an increase of 5.5% year-on-year. Among them, cultural investment and operation, news and information services, and creative design services achieved relatively rapid growth in operating revenue, with growth rates of 10.0%, 9.2%, and 9.2%, respectively.
On July 30th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4080%, and the lowest was 0.7000%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0120%, and the lowest was 0.9100%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0170%, and the lowest was 0.9050%.