**China Securities Journal** Economic performance demonstrated stability with progress during H1, as GDP expanded 5.3% year-over-year, surpassing expectations. Sheng Laiyun, Deputy Director of the National Bureau of Statistics, emphasized that despite external uncertainties and structural adjustment pressures, the groundwork for annual targets remains solid. Policy coordination will safeguard economic stability.

New regulations for local asset management companies (AMCs) introduced concentration risk, liquidity risk, and related-party transaction requirements. The framework mandates business scope limitations and regional operations to enhance local financial risk mitigation.

Emerging consumption sectors—including bubble tea chains, collectible toys, and AI products—show robust growth potential. Enterprises demonstrating channel flexibility and innovation capabilities may lead H2 expansion.

Power bank safety standards advance as the Ministry of Industry and Information Technology drafts mandatory technical specifications, responding to rising quality concerns.

**Shanghai Securities News** H2 economic outlook anticipates moderate price recovery and stronger property market stabilization efforts. H1 CPI dipped 0.1% annually, pulled down by 0.9% food price and 3.2% energy price declines.

Financial regulators established operational boundaries for local AMCs through new rules targeting regional financial risk prevention.

Cities like Changsha and Qingdao rolled out housing replacement initiatives offering up to 300,000 yuan subsidies per unit. Industry experts predict these measures will accelerate real estate market recovery.

The 3rd Supply Chain Expo commenced with 35% foreign exhibitors—a 3-percentage-point annual increase—highlighting expanded global partnerships.

**Securities Times** China’s H1 GDP reached 66.05 trillion yuan, growing 5.3% year-over-year (Q1: 5.4%; Q2: 5.2%). Sheng Laiyun characterized the performance as "stable progress amid pressure."

U.S. inflation resurgence dims July rate-cut prospects, as investors reassess Federal Reserve moves.

Corporate succession complexities—exemplified by Wahaha, Shanshan, and LaoGanMa—underscore the urgency of structured leadership transitions to mitigate operational risks.

Draft national standards for portable power devices enter consultation phase, signaling stricter safety protocols.

**Securities Daily** Regulatory oversight intensifies for capital market intermediaries. Six months after new rules took effect, fee transparency improved with staged payment structures. Violations have triggered regulatory penalties.

Automotive consolidation accelerates as industry leaders pursue vertical integration. Geely Automobile Holdings signed an agreement to acquire remaining shares in ZEEKR, enhancing multi-brand synergies following LYNK & CO integration.

H1 loan growth hit 12.92 trillion yuan, with outstanding loans at 268.56 trillion yuan (up 7.1% YoY). Optimized credit allocation increasingly supports economic transformation.