Domestic News - The People's Bank of China and other departments have jointly issued the "Implementation Rules for Cross-Border Asset Management Pilot Business in Hainan Free Trade Port," which supports foreign investors in investing in financial products issued by financial institutions in Hainan Free Trade Port, including wealth management products, private asset management products, publicly raised securities investment funds, and insurance asset management products [1] - The latest Loan Prime Rate (LPR) published by the National Interbank Funding Center shows that the 1-year LPR remains at 3.0% and the LPR for 5 years and above is at 3.5%, both unchanged for two consecutive months [1] - The Ministry of Commerce expressed strong dissatisfaction and resolute opposition to the European Union's decision to include certain Chinese enterprises and financial institutions in the sanctions list during the 18th round of sanctions against Russia, emphasizing that such actions violate the spirit of consensus between China and the EU [2] Economic Data and Trends - In June, China's total electricity consumption reached 867 billion kWh, a year-on-year increase of 5.4%. The first industry consumed 13.3 billion kWh (up 4.9%), the second industry consumed 548.8 billion kWh (up 3.2%), and the third industry consumed 175.8 billion kWh (up 9.0%). Residential electricity consumption was 129.1 billion kWh, increasing by 10.8% [3] - As of June, China's internet user base reached 1.123 billion, with an internet penetration rate of 79.7%, indicating a growing number of groups sharing the benefits of digital development [3] - The "Eight Vertical and Eight Horizontal" high-speed rail network has been completed and put into operation at 81.5%, with a total operating mileage of 48,000 kilometers, covering 97% of cities with populations over 500,000 [3] International News - Japan's Prime Minister expressed commitment to advancing trade negotiations with the U.S. to protect national interests, with the Japanese Minister of Economic Revitalization traveling to the U.S. for the eighth round of talks [5] - The average house price index in the UK decreased by 1.2% month-on-month in July, marking the largest single-month decline for the same period in previous years, attributed to an increase in buyer choices [5] Market Overview - The Shanghai Composite Index closed at 3559.79, up 0.72%, while the Shenzhen Component Index rose by 0.86% to 11007.49. The ChiNext Index increased by 0.87% to 2296.88 [5] - The onshore RMB was quoted at 7.1768, down 23 points, while the offshore RMB was at 7.1792, up 1 point. The U.S. dollar index decreased by 0.25% to 98.236 [5]

Core Viewpoint - The press conference highlighted the significant achievements in China's transportation sector over the past five years, emphasizing the completion of the national comprehensive transportation network and improvements in transportation capacity, service quality, and operational efficiency [1][2]. Group 1: National Comprehensive Transportation Network - The "6 axes, 7 corridors, and 8 channels" of the national comprehensive transportation network have been constructed with over 90% completion, connecting more than 80% of county-level administrative regions and serving approximately 90% of the country's economic and population totals [1]. - The Yangtze River main line from Wuhan to Anqing has undergone a 6-meter deep waterway renovation, allowing 10,000-ton cargo ships to reach Wuhan, enhancing the economic "artery" along the main axis [1]. Group 2: High-Speed Rail and Highway Networks - The "Eight Vertical and Eight Horizontal" high-speed rail network has achieved 81.5% completion, with operational mileage reaching 48,000 kilometers, accounting for over 70% of the world's high-speed rail total and covering 97% of cities with populations over 500,000 [2]. - The national highway network has reached 191,000 kilometers, covering 99% of cities with populations over 200,000, with 33 main national highways essentially completed [2]. Group 3: Comprehensive Transportation Hub System - The national comprehensive transportation hub system is continuously improving, with 80% of newly built passenger hubs having an average transfer distance of no more than 200 meters [2]. - Support for 37 cities to develop national comprehensive cargo hubs has led to a reduction in cargo transfer times to 1-2 times, with a multi-modal transport transfer rate exceeding 85% within one hour [2].

中国高铁营业里程占世界7成以上 智通财经7月21日电， 交通运输部部长刘伟表示，我国建成了全球最大的高速铁路网、高速公路网和邮 政快递网。"八纵八横"高铁网已建成投产81.5%，高铁营业里程达4.8万公里，占世界高铁总里程的70% 以上，覆盖全国97%的50万以上人口城市；33条国家高速公路主线基本贯通，高速公路里程达19.1万公 里，覆盖了99%的20万以上人口城市；邮政行业设立营业网点50多万处。 ...

Core Viewpoint - The successful completion of the last concrete pouring for the Tujiao Hub Interchange Double-Line Bridge of the Chengyu Central High-Speed Railway marks a significant milestone for the project, laying a solid foundation for the entire line's operation [1][3] Group 1: Project Details - The Tujiao Hub Interchange Double-Line Bridge is located in Chongqing's Tongliang District, with a total length of 3,271.6 meters, crossing the Chongqing Third Ring Expressway and the Tong'an Expressway, featuring 92 piers and 2 abutments [1][3] - The continuous beam that was recently completed spans approximately 242 meters, making it the longest continuous beam in the Chongqing section of the Chengyu Central High-Speed Railway [1][3] Group 2: Technological Advancements - The project utilized an upgraded 6-meter intelligent cantilever bridge machine, which allows for longer segment casting in a single pour, making installation and removal more convenient, while enhancing structural safety and stability [3] Group 3: Strategic Importance - The Chengyu Central High-Speed Railway is a crucial part of China's "Eight Vertical and Eight Horizontal" high-speed rail network, connecting Chongqing North Station to Chengdu Station over a total length of 292 kilometers, with a designed speed of 350 kilometers per hour [3] - Upon completion, the railway will connect with several existing and under-construction high-speed rail lines, improving the transportation network in the Chengyu region and significantly reducing travel time for residents along the route [3]

Core Viewpoint - The successful completion of the continuous beam for the Tujiao Hub Interchange Double-Line Bridge of the Chengdu-Chongqing High-Speed Railway marks a significant milestone in the construction of this important high-speed rail segment in China [2][5][9]. Group 1: Project Details - The continuous beam measures approximately 242 meters in length, making it the longest span in the Chongqing section of the Chengdu-Chongqing High-Speed Railway [2][5][9]. - The Tujiao Hub Interchange Double-Line Bridge has a total length of 3271.6 meters and crosses over the Chongqing Ring Expressway and the Tong'an Expressway, featuring 92 piers and 2 abutments [2][5][9]. Group 2: Importance of the Project - The Chengdu-Chongqing High-Speed Railway is a crucial part of China's "Eight Vertical and Eight Horizontal" high-speed rail network, specifically serving the Yangtze River corridor [2][5][9]. - The main line of the Chengdu-Chongqing High-Speed Railway spans 292 kilometers and is designed for a maximum speed of 350 kilometers per hour [2][5][9].

Core Points - The Beijing-Shenyang High-Speed Railway (京沈高铁) officially commenced operations on July 1, marking the first safety standard demonstration line in Northeast China [1] - This railway is part of the national "Eight Vertical and Eight Horizontal" high-speed rail network, with a total length of 708 kilometers, connecting key economic regions [1] Operational Enhancements - The introduction of the new CR400BF-GS intelligent train model increases passenger capacity from 578 to 619 due to optimized interior layout and equipment miniaturization [1] - Average travel speed on the section increased by 8.6 km/h, with benchmark trains achieving an average speed increase of 23 km/h [1] - Total train mileage increased by 7.3%, amounting to an additional 7,000 kilometers [1] Travel Time Improvements - The fastest travel time from Beijing to Shenyang is now 2 hours and 29 minutes, reduced by 15 minutes [1] - New benchmark trains now connect cities like Tieling, Siping, and Benxi to Beijing, with travel times reduced by 44, 53, and 67 minutes respectively [1] - A new high-quality benchmark train service between Beijing and Dandong operates at 350 km/h, with a travel time of 3 hours and 47 minutes, reduced by 67 minutes [1] Service Expansion - Over 40 additional train services have been added to connect county-level cities such as Fuxin and Fengcheng [1] - A total of 56 high-quality benchmark trains operating at 350 km/h with fewer stops have been introduced on the Beijing-Shenyang High-Speed Railway [1]

Core Viewpoint - The implementation of the new railway operation schedule for the third quarter enhances the speed and efficiency of major high-speed rail corridors in China, significantly improving passenger transport capacity [1] Group 1: Speed Enhancements - Major high-speed rail corridors, including the Beijing-Harbin and Shanghai-Kunming routes, will now operate at a speed of 350 kilometers per hour, marking a significant upgrade in service [1] - The Beijing-Shenyang section of the Beijing-Harbin high-speed railway will also run at the new speed of 350 kilometers per hour [1] Group 2: New Services - The benchmark train service on the Beijing-Harbin high-speed railway will extend its route to Beijing West Station for the first time [1] - New direct train services from Mudanjiang and Dandong to Beijing will commence, providing more travel options for passengers [1] - Cities such as Tieling, Siping, and Benxi will now have benchmark train services stopping in Beijing, further connecting major cities in Northeast China with the capital [1] Group 3: Travel Time Reduction - The adjustments in the train schedule will lead to a further reduction in travel time between major cities in Northeast China and Beijing, enhancing connectivity and convenience for travelers [1]

Core Insights - The construction of the Yukun High-Speed Railway has achieved a significant breakthrough with the successful completion of the Baoyun Tunnel, which is the longest single-hole double-line tunnel in the project, measuring 16.8 kilometers [1][2] Group 1: Project Details - The Baoyun Tunnel is located in Huize County, Qujing City, Yunnan Province, with a maximum depth of 386 meters, making it a critical control project for the Yukun High-Speed Railway [2] - The tunnel's construction faced complex geological conditions, including soft rock deformation, water-rich fault zones, and sudden changes in rock types, necessitating advanced construction techniques [2] - The Yukun High-Speed Railway spans approximately 700 kilometers, with 388.6 kilometers located within Yunnan Province, and is designed for a maximum speed of 350 kilometers per hour [2] Group 2: Construction Progress - With the completion of the Baoyun Tunnel, 41 tunnels have been completed in the Yukun High-Speed Railway within Yunnan, achieving a 75% completion rate for tunnel construction [2] - The project is currently in a critical phase, with over 14,000 construction workers and more than 1,500 large machinery units deployed daily to expedite the construction of key projects [2] - The completion of the railway is expected to significantly reduce travel time between Chongqing and Kunming, enhancing transportation convenience in the southwestern region and promoting high-quality regional economic development [2]

Group 1 - The core viewpoint of the news is the significant progress in the construction of China's "Eight Vertical and Eight Horizontal" high-speed rail network, with 81.5% completed and 14% under construction [1][4] - The completed sections include major corridors such as the Beijing-Shanghai and Beijing-Harbin, with ongoing construction in various segments of the network [4] - The opening of the Chongqing to Jiangjiang section of the Yuxia high-speed railway is expected to greatly reduce travel time, with the fastest journey from Chongqing to Changsha taking approximately 3 hours and 53 minutes [6][10] Group 2 - The Yuxia high-speed railway spans 242 kilometers with a design speed of 350 km/h, featuring seven stations including the newly built ones and the expanded Qianjiang station [8] - After the opening of the Yuxia high-speed railway, up to 54 high-speed trains will operate daily, enhancing connectivity between major cities in the region [10] - Chongqing East Station, as a major hub in the western high-speed rail network, will facilitate connections among multiple high-speed lines and conventional railways [10]

Core Viewpoint - The opening of the Chongqing East to Qianjiang section of the Yuxia High-speed Railway significantly enhances connectivity between the Chengdu-Chongqing economic circle and the Changsha-Zhuzhou-Xiangtan urban agglomeration, injecting strong momentum into the economic and social development along the route [1][6]. Infrastructure Development - The Yuxia High-speed Railway's Chongqing East to Qianjiang section spans 242 kilometers with a design speed of 350 km/h, featuring a high bridge-tunnel ratio of 92.7% and a maximum gradient of 30‰ [2]. - The construction faced complex geological challenges, including karst topography and soft rock, with successful completion of significant tunnels and bridges, showcasing advanced engineering techniques [2]. Smart Transportation Hub - Chongqing East Station, a key hub in the city's high-speed rail network, incorporates smart transportation systems such as intelligent navigation and facial recognition, enhancing passenger experience [3]. - The station's design reflects local aesthetics and incorporates energy-efficient systems, saving approximately 380,000 kWh of electricity annually and reducing carbon emissions by 298 tons [3]. Economic Impact - The new high-speed rail line reduces travel time from Pengshui to Chongqing from 3 hours to about 40 minutes, facilitating easier access for residents and promoting tourism [5]. - The railway is expected to operate up to 54 high-speed trains daily, connecting major cities and enhancing regional economic integration [5]. Future Prospects - The completion of the Chongqing to Changsha section will connect with existing and planned segments, forming a crucial high-speed rail corridor from Chongqing to Xiamen, which is part of China's broader high-speed rail network [6]. - The Yuxia High-speed Railway is anticipated to reshape regional development patterns and expand economic opportunities across the connected areas [6].