(1) Stock Market News

‧ U.S. Market

At the close of the U.S. market, the Dow Jones Industrial Average fell by 533 points or 1.29%, reporting 40,665 points; the S&P 500 declined by 0.78%, reporting 5,544 points; the Nasdaq Composite dropped by 0.7%, 

reporting 17,871 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, slid by 1.2%.

‧ Hong Kong Market

The market opened lower by 86 points today, lacking direction in the early stage. The rebound of A-shares in the afternoon established an upward trend, driving the Hang Seng Index to rise by a maximum of 124 points, 

reaching a high of 17,864 points. It closed up by 39 points, reporting 17,778 points, with a daily range of 240 points. The market's total transaction volume was reduced to over 87.5 billion yuan. 

The technology index fell by 27 points in a counter-market trend, closing at 3,613 points.

‧ Mainland Market

The Shanghai Composite Index closed at 2,977 points, up by 14 points or 0.48%, with a transaction volume of 301.28 billion yuan. The Shenzhen Component Index closed at 8,879 points, up by 44 points or 0.5%, 

with a transaction volume of 370.95 billion yuan. The CSI 300 Index reported 3,520 points, up by 19 points or 0.55%; the ChiNext Index reported 1,717 points, up by 21 points or 1.25%.

(2) Economic News

‧ The Third Plenary Session of the 20th Central Committee of the Communist Party of China concluded today (18th), adopting the "Decision of the CPC Central Committee on Further Comprehensively Deepening Reforms and Promoting Chinese-style Modernization." 

The meeting pointed out that by 2035, a high-level socialist market economic system will be fully established, with a sound system for promoting the deep integration of the real economy and the digital economy, 

and a system for enhancing the resilience and security level of the industrial chain and supply chain. The meeting also proposed that it is necessary to improve the macro-control system, 

coordinate the reform of key areas such as finance and taxation, and implement measures to prevent and resolve risks in key areas such as real estate, local government debt, 

and small and medium-sized financial institutions.

‧ The latest unemployment rate in Hong Kong remains at 3%, in line with market expectations. In addition, the number of unemployed people has retreated from a 16-month high. 

The unemployment rate in Hong Kong's labor market remains unchanged as expected.

‧ The Hong Kong government has raised a total of $3.2 billion through the issuance of green bonds denominated in US dollars, euros, and offshore RMB, equivalent to nearly 25 billion Hong Kong dollars. 

This includes $1 billion in 3-year green bonds and 750 million euros in 7-year green bonds.

‧ The G7 Trade Ministers' Meeting is currently being held in southern Italy. According to Kyodo News, the draft joint statement to be adopted by the meeting proposes to establish 

common standards for the procurement of important materials, in order to reduce dependence on specific countries such as China and enhance the resilience of the supply chain.

(3) Company News

‧ Alibaba (09888) has introduced online shopping subsidies since the beginning of the year to compete with rivals such as Pinduoduo. The subsidies have helped Alibaba regain some of 

the market share it had previously lost, and this is expected to be reflected in the upcoming performance report. It is also expected that the online shopping subsidy war in mainland China will intensify in the second 

half of the year and become a market focus.

‧ BYD (01211) Vietnam's Chief Operating Officer VO MINH LUC said that BYD plans to launch three models in the Vietnamese market in October and expand its dealer network to 100 by 2026.

‧ Southbound funds net purchased HK stocks worth HKD 23.96 billion today. Among them: net purchased Tencent HKD 13.99 billion, Xiaomi HKD 2.41 billion, CNOOC HKD 1.77 billion, China Mobile HKD 1.3 billion, 

China Shenhua HKD 1.19 billion; net sold Hang Seng Index Fund HKD 5.83 billion, China Construction Bank HKD 2.77 billion, Hong Kong Exchanges and Clearing HKD 1.3 billion, Meituan HKD 1.27 billion.