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On June 12, 2026, the Ministry of Finance hosted the APEC Senior Finance Officials' Meeting in Chengdu, Sichuan Province. Vice Minister of Finance Liao Min attended the meeting and delivered the opening address. Liao Min stated that driven by technological progress and digital transformation, the Asia-Pacific region's economy has maintained rapid growth and remains a crucial engine of the global economy. Currently, the regional economy faces multiple challenges. APEC economies should uphold multilateralism, deepen communication and coordination on macroeconomic policies, accelerate economic transformation, maintain the stability and smooth flow of regional industrial and supply chains, and jointly promote long-term sustainable growth of the Asia-Pacific economy. Liao Min also introduced China's economic performance, emphasizing that during the 15th Five-Year Plan period, China will continue to promote high-quality development and high-level opening-up, further expand domestic demand, boost consumption, share China's development opportunities and dividends with the world, and jointly build an Asia-Pacific community with a shared future.

On June 12th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated that the main factors influencing price changes are structural and sales volume changes. Slow sales growth leads to a continuous rise in the average price of passenger cars. The average retail price of passenger cars in 2021 was 165,000 yuan, rising steadily to 184,000 yuan in 2024. The average price of passenger cars in 2025 is 168,000 yuan, a decrease of 16,000 yuan compared to 2024. In May 2026, the average price of passenger cars is 173,000 yuan, an increase of 4,000 yuan compared to the same period last year.

Westpac expects the Reserve Bank of Australia to keep interest rates unchanged at its meeting on June 15-16, but there is still a possibility of future rate hikes.

June 12 - From January to May this year, the national railway completed 248.5 billion yuan in fixed asset investment, a year-on-year increase of 2.6%, effectively leveraging the driving role of railway construction investment and providing strong support for expanding domestic demand in all aspects and enhancing the endogenous driving force of economic and social development.

On June 12th, JD.com's first mall in Shanghai, the JD Mall Qibao store, opened in the Qibao commercial district of Minhang District. The store, with a floor area of nearly 50,000 square meters, features 200 leading global brands, over 200,000 JD.com self-operated products, and also introduces the world's first offline experience store for the AI-powered robotics company, JAVA. By the end of this year's JD.com 618 shopping festival, JD.com Mall will have a total of 30 operating stores nationwide. JD.com Mall's first store in Hong Kong will also officially open soon.

U.S. officials said the U.S. military shot down two Iranian one-way attack drones.

June 12th - Since October 2025, the number of telecom fraud cases in my country has declined year-on-year for eight consecutive months. In terms of fraud methods, the ten most common types of fraud are: fake online shopping scams (such as fake order rebates), fake online shopping services, fake online investment and wealth management, impersonating e-commerce and logistics customer service, loan and credit fraud, fake online game transactions, online dating scams, impersonating law enforcement officials, impersonating leaders or acquaintances, and flight refund/change scams. These ten types of cases account for 85% of all telecom fraud cases. Among them, fake online shopping scams have the highest incidence, accounting for 25% of all telecom fraud cases; fake online investment and wealth management scams result in the highest losses, accounting for approximately 40% of all telecom fraud losses, with most cases involving losses of millions or tens of millions of yuan falling into this category.

On June 12th, the "Guangzhou Municipal Commerce Development '15th Five-Year Plan' (Draft for Public Comment)" was released for public comment. The plan states that by 2030, the annual transaction volume of the city's specialized markets will exceed 2 trillion yuan, achieving a leapfrog development compared to the base year, consolidating its position as a core carrier of the international trade center. By 2030, 30 public service platforms serving the specialized markets will be established; the employment-generating effect will continue to expand, covering multiple fields such as commercial services, innovation and entrepreneurship, cultural tourism consumption, and logistics support, directly and indirectly creating 2.2 million jobs.

On June 12th, the "Guangzhou Municipal Business Development '15th Five-Year Plan' (Draft for Public Comment)" was released for public comment. The plan, which fully aligns with national, provincial, and municipal planning recommendations and outlines, is based on Guangzhou's realistic path and needs to enhance its function as an international business center. It sets forth 18 specific business development indicators across four aspects up to 2030. Among these, three indicators—total retail sales of consumer goods (average annual growth of 5% during the '15th Five-Year Plan' period), import and export volume of goods (average annual growth of 6%), and the execution value of service outsourcing contracts (reaching US$24 billion by 2030)—are included in the municipal planning outline. Furthermore, based on development trends in consumption, foreign trade, exhibitions, two-way investment, and ports, the plan sets forth 15 key and distinctive indicators, including online retail sales of wholesale and retail enterprises above a certain size, the number of world-class business districts, import and export of service trade, exhibition area of key exhibition halls, and the number of newly added foreign-invested functional institutions. Simultaneously, referencing practices in higher-level plans, it proposes qualitative targets for the medium- and long-term period up to 2035.

Chow Tai Fook (01929.HK) rose more than 13%.

The Islamic Revolutionary Guard Corps of Iran stated that Iran is now stronger and better prepared than ever before, and is "ready to act at any time against any act of aggression."

June 12th - On June 11th, the Wuhan Optics Valley New Materials Industrial Park was officially inaugurated in the Qingshan District Chemical Industrial Park. The industrial park will focus on the two advantageous industries of Optics Valley: optoelectronic information and life sciences, and will establish an industrial pilot platform and an upstream core chemical materials R&D and manufacturing base. Currently, the personnel of the Optics Valley New Materials Industrial Park Construction Service Center (in preparation) are in place, and Wuhan Optics Valley New Materials Technology Development Co., Ltd. has been registered and established, basically establishing a "Management Committee + Company" model.

On June 12th, Futures News reported that the Democratic Republic of Congo's (DRC) Ministry of Health released an epidemic report on the 11th, showing that as of the 10th, the cumulative number of confirmed Ebola cases in the country had risen to 676, with 136 deaths. The report indicated that 262 patients are currently in isolation or hospitalized, and 32 have recovered. The report pointed out that the epidemic continues to spread within the community, and without swift public health measures, the outbreak could suddenly expand geographically.

Zhipu (02513.HK) rose more than 10%.

June 12th - In recent years, the concept of tokenizing Real-World Assets (RWA) has gradually gained popularity. Some criminals have taken advantage of this, using "financial innovation" and "technological dividends" as a guise to engage in illegal fundraising, fraud, pyramid schemes, money laundering, and other illegal activities, disrupting economic and financial order and endangering the property safety of the public.

Chow Tai Fook (01929.HK) opened more than 5% higher, with the company reporting an annual profit attributable to shareholders of HK$9.004 billion, a year-on-year increase of 52.2%.

June 12th - In the first five months of this year, Guangdong's total import and export volume reached 4.44 trillion yuan, a year-on-year increase of 18.8%, maintaining double-digit growth for five consecutive months. Exports reached 2.61 trillion yuan, up 10.8%; imports reached 1.83 trillion yuan, up 32.4%. In May, Guangdong's total import and export volume reached 948.19 billion yuan, reaching a record high for a single month, an increase of 20.3%; exports reached 549.13 billion yuan, up 8.6%; imports reached 399.06 billion yuan, up 41.2%.