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National Growth Fund Supports LG Display's OLED Investment with $1.3 Billion The National Growth Fund will provide a total of 1.35 trillion won ($1.3 billion) to support LG Display's next-generation organic light-emitting diode (OLED) facility investment and Techwing's expansion of high-bandwidth memory (HBM) testing equipment production facilities.The Financial Services Commission announced on July 30 that it approved funding for two facility investment projects aimed at strengthening the competitiveness of the display and semiconductor supply chains.First, the fund will support LG Display with a low-interest loan of 1.3 trillion won for its OLED technology advancement facility investment, which is estimated to cost around 3 trillion won. LG Display plans to finance 1.5 trillion won of the total investment through its own resources, while the remaining 1.5 trillion won will come from the Advanced Strategic Industry Fund and loans from private banks.This investment aims to establish a production base for next-generation OLED products, such as low-power and high-brightness panels, amid intensifying global competition in the OLED market, particularly from Chinese companies. The goal is to maintain the technological competitiveness of premium products and strengthen the domestic supply chain for key materials and components.Techwing, a semiconductor equipment company based in Cheonan, Chungcheongnam-do, will receive a low-interest loan of 50 billion won. Techwing plans to invest a total of 91.6 billion won to expand its production facility for next-generation HBM testing equipment.Techwing supplies semiconductor test handlers to companies like Samsung Electronics and SK Hynix and also produces equipment for testing individual HBM chips. The Financial Services Commission expects that this support will enhance the domestic testing equipment supply capacity in response to the expansion of HBM production.Including these two projects, the National Growth Fund has approved or completed fundraising for a total of 24 projects worth 16.3 trillion won from January to July this year, with local investments accounting for 42.4% of the total.* This article has been translated by AI. 2026-07-30 16:20:00 -
Yongin City Discusses Welfare Policy Cooperation with Da Nang's Quang Phu District Gyeonggi Yongin City (Mayor Lee Sang-il) welcomed a delegation from Quang Phu District in Da Nang, Vietnam, for a meeting on July 30 in a video conference room. Attendees included First Deputy Mayor Ryu Kwang-yeol, city officials, Quang Phu Secretary Bui Ngoc An, and International Lotus Village Association President Jo Dang-ho. Participants watched a promotional video about Yongin City and shared local conditions before discussing ways to enhance exchanges. The Quang Phu delegation specifically requested cooperation in welfare policy exchanges to develop Quang Phu as a center for elderly welfare in central Vietnam. Secretary Bui expressed gratitude for the warm welcome and thanked Yongin City for supporting the "Yongin Public Digital Library in Da Nang's Quang Phu District," which residents are utilizing well. Deputy Mayor Ryu stated, "I hope this visit will lead to expanded cooperation in areas such as digital library operations, youth exchanges, education, and culture, and serve as a meaningful opportunity to further develop the friendly relations between our two cities." In July 2024, Yongin City supported a budget of 200 million won for the construction of the "Yongin Public Digital Library in Da Nang's Quang Phu District" after receiving final approval from the International Development Cooperation Committee under the Prime Minister's Office. The library, built on a site within the International Lotus Village Comprehensive Welfare Town, spans approximately 1,686 square meters and includes digital learning spaces, reading rooms, and a promotional hall for Yongin City. Meanwhile, the Lotus Village Social Welfare Corporation is located in Baegam-myeon, Yongin City, and operates the Cheoin-gu Elderly Welfare Center under a city contract. Jo Dang-ho, president of the International Lotus Village Association, has been working to establish a Korean-style Buddhist welfare town in Vietnam.* This article has been translated by AI. 2026-07-30 16:20:00
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People Power Party Condemns Democratic Party's Push to Abolish Supplementary Investigation Rights 국민의힘은 30일 더불어민주당이 국회 본회의에 '보완수사권 폐지'를 골자로 한 형사소송법 개정안을 강행 처리하려고 하자 "이재명 대통령은 반드시 거부권(재의요구권)을 행사해야 한다"고 주장했다. 정점식 원내대표는 이날 국회 로텐더홀에서 규탄대회를 열어 "모든 피해는 국민의 몫이고 모든 책임은 이재명 정권의 몫"이라며 이같이 말했다. 정 원내대표는 '장윤기 사건'을 언급하며 "경찰 지휘부의 맨 위부터 맨 아래까지 피해자의 편은 단 한 명도 없었다. 보완수사권이 없었다면 더러운 진실은 땅속에 묻혔을 것이고, 장윤기는 가벼운 처벌만 받았을 것"이라고 했다. 이어 "보완수사권은 검찰의 권력이 아니라 피해자를 지켜주는 수단이자 진실을 밝히기 위한 도구"라며 "경찰의 초동 수사가 완벽하지 않을 수 있기 때문에 다시 한 번 걸러내는 견제의 장치"라고 강조했다. 아울러 "보완수사권을 검찰의 권력이라고 주장하는 민주당 의원들이야말로 국민이 위임한 입법권을 무한한 권력처럼 무차별하게 휘두르고 있다"며 "주식 시장은 연이틀 서킷브레이커, 이재명 정부는 국민 대상 브레이커, 민주당은 국가 시스템을 해체하는 대한민국 브레이커"라고 비판했다. 그는 "야당이 문제를 제기하면 들을 줄도 알아야 한다"며 "야당이 비판하면 청개구리처럼 더 졸속으로 강행 처리하고 나중에 소 잃고 외양간 고치는 바보 국정운영을 하고 있다"고 꼬집었다. 그러면서 "보완수사권 폐지하면 얼마 안 가서 소 잃고 외양간 고치기, 땜질 처방을 내놓을 것"이라며 "오로지 받아야 할 재판을 없애버릴 궁리만 하는 대통령과 검찰을 때리고 보복할 궁리만 하는 민주당 강경파들이 국정을 파탄으로 몰아가고 있다"고 했다. 법제사법위원회 소속인 윤상현 의원도 "민주당의 대한민국 사법 체계를 무너뜨리는 입법 폭주가 끝을 모르고 이어지고 있다"며 "검사가 보완 수사로 진실을 밝히면 될 것을 피해자 스스로 억울함을 입증하라는 것이 어떻게 피해자 보호를 하는 것이냐"고 지적했다. 이어 "보완수사권 폐기는 국민의 생명과 재산을 담보로 한 도박"이라며 "이 대통령이 거부권 행사를 거부한다면 국민 모두의 대통령이 아니라 개딸들의 대통령임을 국민 앞에 스스로 고백하는 것"이라고 목소리 높였다. * This article has been translated by AI. 2026-07-30 16:16:00
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Why Kazakhstan puts more women to work than Korea or US SEOUL, July 30 (AJP) - Kazakhstan's female workforce grew again in the first quarter of 2026, extending the reach of one of the world's higher rates of working women, a distinction the Central Asian country owes less to recent policy than to a century of history. The number of employed women reached 4.527 million in the first three months of the year, up 42,600 or 0.9 percent from a year earlier, according to Kazakhstan's National Statistics Bureau under the Agency for Strategic Planning and Reforms. Of them, 79.6 percent worked as employees while 20.4 percent, or 925,100 women, were self-employed. The scale of female participation sets Kazakhstan apart from far wealthier economies. World Bank data put the country's female labor force participation rate at about 66 percent in 2024, well above the world average of 51 percent, and ahead of both South Korea at 56 percent and the United States, where the Bureau of Labor Statistics measured the rate at 57.5 percent in early 2025. The explanation begins in the Soviet era. For seven decades, state policy pushed women into employment, education, and professional training across Soviet Central Asia, backed by universal childcare and a social expectation that women worked. When Kazakhstan became independent in 1991, the norm survived the state that built it. Researchers point to that inheritance as the main reason post-Soviet countries cluster far above nations of comparable income on female employment. Education has sustained the pattern. Women make up the majority of university students in Kazakhstan, and the state has kept investing in female education since independence, including scholarships that sent thousands of women to universities abroad. Economic necessity did its own quiet work. The turbulence of the post-Soviet transition made single-income households unaffordable for most families, and two earners have remained the default ever since. Government policy came later. Kazakhstan adopted its Concept of Family and Gender Policy in 2016 and, after joining two UN Generation Equality coalitions in 2021, abolished a Soviet-era list of professions legally closed to women, opening jobs in mining, transport, and heavy industry. The first-quarter data suggests women are moving into those newly opened sectors. The fastest annual growth in female employment came in real estate, up 25.7 percent, followed by administrative and support services at 21.9 percent, transportation and warehousing at 16.2 percent, and industry at 7.6 percent. Some 388,100 women now work in industry. Most working women, however, remain concentrated where they long have been. Education is the largest employer of women with 902,200 workers, or 19.9 percent of the total, followed by wholesale and retail trade with 877,600 and healthcare and social work with 426,300. Together, the three sectors account for nearly half of all employed women in the country. That concentration feeds the number that complicates Kazakhstan's success story. Women earned an average of 344,496 tenge, about $686, in the first quarter of 2025, against 468,914 tenge, about $934, for men, a gap of roughly 26.5 percent, according to the statistics bureau. The gap had narrowed from 32.2 percent in 2013 to 21.7 percent in 2021, then widened again to 25.7 percent by 2023. By international standards, the disparity is wide. The OECD, which compares median earnings of full-time workers, put its members' average gap at 11.3 percent, with the United States around 16 percent and Japan at 21.3 percent. South Korea recorded the widest gap in the group at 29.3 percent in 2023, a position it has held for decades, leaving Kazakhstan narrower than Korea but roughly double the OECD norm. The Asian Development Bank concluded in its country gender assessment that while Kazakhstan's participation rate compares well internationally, the gaps between men and women in both participation and wages are not narrowing. Women also carry more unpaid domestic work than men on top of their jobs, the bank found. The government has answered with targets. Its updated Concept of Family and Gender Policy through 2030 commits to raising the share of women at decision-making levels in state bodies, the judiciary, and the corporate sector to 30 percent by 2030, alongside measures on the wage gap and women's asset ownership. A national action plan for 2024 to 2027 folds gender equality into budgeting and labor law, and the UN Development Programme launched a campaign in Kazakhstan in 2023 pressing companies toward pay transparency. 2026-07-30 16:14:52 -
Jindo County Launches Operation of New Community Center Following Coastal Revitalization Project Jindo County has officially launched the operation of the Shin-gi Vitality Center, a multi-purpose space for residents and visitors, following the completion of the Shin-gi Port Coastal Revitalization 300 project.The project, which cost a total of 8.784 billion won, was completed to enhance community engagement and boost tourism in the region, the county announced on July 30.A community event was held recently at the Shin-gi Vitality Center, attended by Jindo County Mayor Lee Jae-gak, local residents, and officials. Attendees toured the newly established facility and discussed future operational directions and usage plans.The Shin-gi Vitality Center features a first floor with a restaurant and a space for selling local specialties, while the second floor serves as a multi-purpose area for community meetings, educational programs, and various community activities.The county plans to use the revenue generated from the center's operations to maintain and manage the facility, establishing a self-sustaining operational foundation.Additionally, Jindo County aims to expand community engagement programs and various cultural and experiential activities centered around the Shin-gi Vitality Center to invigorate the fishing village and establish a sustainable operational system.The Shin-gi Port Coastal Revitalization 300 project is a government initiative aimed at renovating aging port facilities and improving living conditions in fishing villages.This project has led to the establishment of the Shin-gi Vitality Center, coastal walking paths, and community sea gardens, enhancing convenience for residents and strengthening the tourism infrastructure.Mayor Lee Jae-gak expressed hope that the Shin-gi Vitality Center will become a central space for community communication and activities, as well as a new hub for tourists. He added, "We will continue to pursue various projects aimed at improving living conditions in fishing villages and revitalizing the local economy." Meanwhile, Jindo County plans to focus on sustainable development and economic revitalization in fishing villages by expanding living social infrastructure, improving port environments, and utilizing local specialized resources based on the Coastal Revitalization 300 project.* This article has been translated by AI. 2026-07-30 16:12:10
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Police Refer Yoon Suk Yeol to Prosecutors Over Kim Geon-hee Stock Manipulation Denial Police have referred former President Yoon Suk Yeol to prosecutors for allegedly making false statements regarding his wife Kim Geon-hee's involvement in stock manipulation related to Deutsche Motors during the 20th presidential election. Although prosecutors initially deemed it difficult to establish charges, police decided to proceed based on a recent guilty ruling against Yoon in a separate election law violation case.According to legal sources on July 30, the Special Investigation Unit of the National Police Agency transferred Yoon to the Seoul Central District Prosecutors' Office on charges of making false statements under the Public Official Election Act. The unit concluded that the allegations were substantiated after a comprehensive review of the facts and legal precedents.Yoon is accused of denying allegations of Kim's involvement in stock manipulation from October 2021 to February 2022, during the People Power Party's presidential primary and general election.Specifically, during a candidate debate on October 15, 2021, he allegedly stated that Kim had distanced herself from Lee Jeong-pil, who was identified as a key figure in the stock manipulation, saying, "She reported losses and withdrew her money, severing ties with him." In February of the following year, he claimed that Kim had not participated in any stock manipulation.Police reportedly interpreted Yoon's statements as a complete denial of the allegations against Kim, considering the overall context and how an average voter would perceive them.Prosecutors, however, expressed a different view. During pre-consultation with police, the Seoul Central District Prosecutors' Office indicated that the problematic statements could be limited to the first half of 2010, when Kim allegedly suffered losses after entrusting her account to Lee. They suggested that establishing charges would be difficult, emphasizing the need to distinguish between the timing of Kim's losses and the period of stock manipulation that was later recognized as guilty.The police's decision to ultimately refer the case was influenced by a ruling on July 27, where Yoon was found guilty in a separate election law violation case. The Seoul Central District Court's 21st Criminal Division, led by Judge Jo Soon-pyo, recognized Yoon's guilt for making false statements regarding his introduction of a lawyer to former Yongsan Tax Office chief Yoon Woo-jin and his acquaintance with Jeon Seong-bae of Geun-jin Beopsa.The court determined that when assessing the establishment of false statement charges, it is essential to consider the context and how an average voter would understand the statements at the time, rather than analyzing individual phrases retrospectively. The court interpreted the expression "introduced a lawyer" to encompass not only formal hiring but also actions that connect or facilitate introductions. Police appear to have applied this standard to Yoon's statements regarding Deutsche Motors as well.Previously, police had communicated their referral opinion to prosecutors in accordance with investigative guidelines that allow for consultation on whether to refer election-related cases. Although prosecutors expressed opposition, police maintained their position after reviewing the recent ruling.Some of Kim's allegations related to Deutsche Motors have been recognized as guilty in the appellate court and are pending a decision from the Supreme Court's full bench.The key issue now is whether prosecutors will proceed with charges. The statute of limitations for election law violations is six months from the election date, but it has been suspended during Yoon's term, which began on May 10, 2022, due to constitutional non-prosecution privileges. Prosecutors have also stated that the statute of limitations for the false statement case related to Deutsche Motors was suspended during Yoon's term.This case has since been transferred to the Kim Geon-hee special investigation team, led by Special Prosecutor Min Jung-ki. Article 4 of the Kim Geon-hee Special Investigation Law stipulates that the statute of limitations for cases specified in the law is suspended from the date of the law's promulgation until the end of the special investigation period.After the conclusion of the three major special investigations, it is understood that the statute of limitations has been further suspended in conjunction with the activities of the comprehensive special investigation team, led by Special Prosecutor Kwon Chang-young. The investigation period for the comprehensive special investigation has recently been extended for the third time, now set to conclude by August 23. Investigative agencies believe that excluding Yoon's term and the special investigation period, the statute of limitations for this case will expire in September.Attention is now focused on whether prosecutors will maintain their previous position of not filing charges or accept the recent court ruling applied by police to refer Yoon for additional prosecution.* This article has been translated by AI. 2026-07-30 16:12:00
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KOSDAQ Faces Worst Decline Since Dot-Com Bubble, Delisting Risks Surge 코스닥 시장이 2000년 닷컴버블 붕괴 이후 최악의 하락장을 맞으면서 상장폐지 우려가 커지고 있다. 올해 상장유지 요건이 강화된 가운데 주가 급락으로 시가총액 200억원을 밑도는 기업이 석 달 만에 3배 가까이 늘면서 상당수 기업이 상장폐지 위험권에 진입했다. 30일 한국거래소에 따르면 코스닥지수는 전 거래일보다 17.90포인트(2.70%) 내린 644.78에 거래를 마쳤다. 지난 4월 27일 기록한 연고점(1226.18)과 비교하면 석 달 만에 47.4% 급락했다. 이달에만 30% 넘게 하락하며 지난해 4월 이후 가장 낮은 수준으로 내려앉았다. 이번 조정은 단순한 하락장을 넘어 닷컴버블 당시와 비교될 정도의 낙폭이다. 벤처기업 열풍이 정점을 찍었던 2000년 코스닥은 3월 10일부터 12월 26일까지 약 81% 폭락했다. 이후 글로벌 금융위기와 코로나19 팬데믹 등 여러 위기를 겪었지만 올해처럼 단기간에 40%를 웃도는 급락을 기록한 사례는 사실상 닷컴버블 이후 처음이다. 문제는 지수 하락이 개별 기업의 상장 유지 여부에도 영향을 미치고 있다는 점이다. 한국거래소는 코스닥 상장유지 기준을 강화해 시가총액 200억원 미만 상태가 일정 기간 지속되면 관리종목으로 지정하고 이후에도 요건을 충족하지 못하면 상장폐지 절차를 밟도록 제도를 개편했다. 실제 상장유지 기준을 밑도는 기업은 급격히 증가했다. 정부의 코스닥 활성화 정책 기대감으로 지수가 연고점을 기록했던 지난 4월 27일 종가 기준 시가총액 200억원 미만 상장사(스팩 제외)는 62곳이었다. 그러나 코스닥 급락이 이어진 30일 기준으로는 170곳으로 늘었다. 석 달 만에 108곳이 증가하면서 상장폐지 위험권에 있는 기업이 약 2.8배로 불어난 셈이다. 증권업계에서는 코스닥 약세가 장기화할 경우 상장폐지 대상 기업이 더 늘어날 수 있다고 우려한다. 시가총액 하락으로 상장 유지 요건을 충족하지 못하는 기업이 증가하면 투자심리 위축은 물론 자금조달에도 어려움을 겪을 가능성이 크기 때문이다. 다만 증권가에서는 최근 코스닥 급락에도 낙폭 과대에 따른 반등 가능성은 남아 있다고 보고 있다. 이재원 유안타증권 연구원은 "코스닥 약세를 단순히 수급 문제만으로 설명하기는 어렵다"며 "바이오와 이차전지 업종의 실적 및 자금조달 불확실성이 지수 하락을 키웠지만 반복된 악재로 밸류에이션 부담과 위험 프리미엄도 상당 부분 해소됐다"고 분석했다. 이어 "31일부터 시행되는 단일종목 레버리지 ETF 규제로 대형 반도체 중심의 자금 쏠림이 일부 완화될 수 있고 코스닥 관련 정책도 순차적으로 추진되고 있다"며 "낙폭 과대와 이익 개선, 정책 수급이 맞물릴 경우 우량 성장주를 중심으로 점진적인 정상화가 나타날 가능성이 있다"고 전망했다.* This article has been translated by AI. 2026-07-30 16:12:00
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Daehan Electric Wire Reports Record Q2 Revenue and Operating Profit Daehan Electric Wire achieved its highest quarterly performance to date, driven by strong demand in its high-voltage (HV) and submarine cable businesses. The company reported a record backlog of over 4 trillion won for the first time in its history, bolstered by increased global investment in power networks.On July 30, Daehan Electric Wire announced its preliminary results for the second quarter, reporting revenue of 1.1987 trillion won and an operating profit of 608 billion won. This marks a 30.8% increase in revenue and a 113% increase in operating profit compared to the same period last year. Both figures represent the highest quarterly results in the company's history.Following its first quarter of surpassing 1 trillion won in revenue last year, the company has maintained this level for three consecutive quarters, demonstrating both growth and profitability.For the first half of the year, cumulative revenue reached 2.282 trillion won, with operating profit totaling 1.213 trillion won, reflecting increases of 28.8% and 117.8%, respectively, compared to the same period last year. Notably, the operating profit for the first half alone exceeded 94% of last year's total annual operating profit of 1.286 trillion won.The improvement in performance was primarily driven by the high-voltage and submarine cable sectors. Sales from domestic and international power network projects, including those in North America and Singapore, contributed significantly to this growth. The industrial wire segment, supplying to plants and infrastructure, also benefited from increased domestic and international projects.New orders continued to rise steadily, with the company securing 727.2 billion won in new contracts during the second quarter. By the end of the second quarter, the backlog reached 4.0629 trillion won, surpassing 4 trillion won for the first time in the company's history. This growth reflects increased investment in power networks and rising demand for high-voltage cables, as well as enhanced competitiveness in the global market.Daehan Electric Wire noted that the expanded backlog provides a stable revenue base for the coming years, enhancing the visibility of its performance.During an investor relations meeting held on the same day, the company highlighted its competitive edge in the high-voltage direct current (HVDC) and submarine cable sectors, which it is developing as next-generation growth drivers. The company emphasized its capabilities in executing HVDC turnkey projects, including the recently secured '500kV HVDC East Coast to East Seoul Construction Project (EP2)', which encompasses design, production, testing, and construction.Building on this foundation, Daehan Electric Wire plans to expand its presence not only in the domestic power network market but also in the global HVDC market. The HVDC market is rapidly growing due to the global expansion of renewable energy and increasing interconnections between national power grids.The company has also strengthened its competitiveness in the submarine cable sector, recently acquiring a 11,000-ton submarine cable-laying vessel, the 'Scandi Connector'. Together with the existing 'Palos', Daehan Electric Wire has established the only CLV fleet in the country, enabling it to perform turnkey operations from production to transportation, laying, and construction.A company representative stated, "With the expansion of AI data centers and increased global investment in power networks, the high-voltage and submarine cable markets are entering a significant growth phase. Based on our backlog exceeding 4 trillion won, we will continue to achieve stable growth while further expanding our global market presence in high-value sectors such as HVDC and submarine cables."* This article has been translated by AI. 2026-07-30 16:12:00
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With probe into local elections extended, ballots set to be recounted next month SEOUL, July 30 (AJP) - Ballots from the June 3 local elections kept in southern Seoul are expected to be opened and recounted next month as part of a parliamentary investigation into a shortage of ballot papers that disrupted the elections. A parliamentary committee consisting of ruling and opposition lawmakers agreed Thursday to extend its probe into alleged irregularities during the elections by about a month until the end of August, with its initial 45-day period set to expire this weekend. The committee also tentatively agreed to open some 380 ballot boxes containing about 2.48 million ballot papers at an indoor handball gymnasium within the Olympic Park in Songpa, which served as a ballot-counting site. The ballot papers are slated to be recounted on Aug. 18. They have been stored there for more than a month since access to the site was restricted after protesters began holding rallies in front of the gymnasium, calling for an inquiry into the alleged infringement of their voting rights. Thursday's extension came after the committee decided to continue discussions on election-related reform measures, with the scope of its investigation covering how the ballot paper shortage occurred, as well as any administrative lapses and management flaws at the National Election Commission (NEC), which oversees the country's elections. 2026-07-30 16:09:02 -
Chinese Stock Market Declines Amid AI Investment Concerns; Bank Stocks Rise The Chinese stock market, which rose the previous day, fell on July 30, influenced by a decline in global tech stocks. On this day, the Shanghai Composite Index closed down 0.62% at 3,804.69, the Shenzhen Component Index fell 2.73% to 13,285.80, and the ChiNext Index dropped 3.97% to 3,244.62. Concerns in the market were heightened following earnings reports from major U.S. tech companies. While Microsoft maintained growth in its AI business, Meta reported a significant decline in free cash flow due to heavy AI investments. This has led to skepticism about the slow revenue generation from increasing AI investments. As the global semiconductor and AI sectors showed overall weakness, Chinese stocks related to these industries also struggled. Notably, companies involved in optical modules, AI servers, semiconductor equipment, and GPU supply chains experienced significant declines. Additionally, the stock of Zhongji Xuchuang, a leading Chinese optical module company listed in Hong Kong, negatively impacted the Chinese market, dropping nearly 10% on its first trading day. Investors appeared fatigued with AI-related stocks, citing high valuations and concerns over short-term performance as reasons for not purchasing Zhongji Xuchuang shares. CITIC Securities noted in a report that while the U.S. Federal Reserve held interest rates steady on July 29, it left the door open for future rate hikes. There are expectations that the Fed may raise rates twice by the first quarter of next year, but it is anticipated that rates will remain unchanged for the rest of this year. Bank stocks were a highlight of the day, with Industrial and Commercial Bank of China and China Construction Bank rising to record highs. The cash dividends from the 41 listed banks reached 645.6 billion yuan, an increase of approximately 13.5 billion yuan from the previous year. This marks the third consecutive year that bank cash dividends have hit record highs. The white liquor sector also saw gains, with Jinhuiju and Shede Liquor reaching their daily price limits. Huatai Securities reported that the fund's holdings in the white liquor sector have fallen to their lowest level since 2012, indicating an ongoing oversold condition. The firm anticipates that the white liquor sector has already dropped to historical lows and is likely to recover soon. Meanwhile, the People's Bank of China set the yuan's central parity rate against the dollar at 6.7892 yuan, a decrease of 0.0007 yuan from the previous trading day, reflecting a 0.01% increase in the yuan's value.* This article has been translated by AI. 2026-07-30 16:08:00