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THE WIRE
- Tencent Music tests functions with metaverse elements in QQ Music
- China’s top economic planner NDRC held meeting with top hog breeders, calls for steady supply as price surges
- China’s Silk Road Fund to invest up to 20 billion yuan in Indonesia’s sovereign wealth fund
- China’s logistic activity returned to expansion in June after three-month contraction – industry body
- Top hog farmer Muyuan Foods hit limit-up, said recent price rise driven by improving supply-demand balance, not sentiment
- China’s iron ore futures dived 5.8% on expectation of weaker demand
- Shares of Chinese chipmakers slid on report that Apple, AMD and Nvidia cut orders to TSMC
- Another Chinese property developer missed offshore debt payment
- Macau casinos’ shares slide as the city kicks off new round Covid testing, city-wide lockdown not ruled out
- PBOC upgrades currency swap with Hong Kong, announces new programme to allow mutual access in interest rate swap markets