Group 1: National Policies and Economic Measures - The national childcare subsidy plan was announced, providing 3,600 yuan per child per year for infants under three years old starting from January 1, 2025 [2] - The Shanghai government is offering rent reductions and startup funding for eligible AI talent teams, with support ranging from six months to three years [13] Group 2: Corporate Developments - 澜起科技股份有限公司 has submitted its listing application to the Hong Kong Stock Exchange, with joint sponsors including CICC, Morgan Stanley, and UBS [1] -居然智家 announced the passing of its actual controller and CEO, 汪林朋, and stated that daily operations will be managed by the executive team [6] -药明康德 reported a net profit of 8.561 billion yuan for the first half of the year, a year-on-year increase of 101.92% [15] -三星 signed a chip supply agreement worth $16.5 billion with Tesla, which is expected to boost Samsung's struggling foundry business [11] Group 3: Market Trends and Economic Indicators - The U.S. Federal Reserve is expected to maintain its current interest rates during the upcoming monetary policy meeting, with potential cuts anticipated in September [5] - In South Korea, housing prices outside the capital region have declined, while prices in Seoul have increased by 0.39% in the first half of 2025 [12]

Core Viewpoint - Singapore has introduced new measures to curb rising property prices by increasing stamp duty for sellers who sell their properties within four years of purchase [1] Group 1: Policy Changes - The holding period for sellers' stamp duty will be extended from three years to four years [1] - The stamp duty rate will increase from 12% to 16% for the first year of ownership [1] - The revised tax measures will not affect public housing owners, as they are already subject to minimum residency requirements [1] Group 2: Market Context - There has been a significant increase in the number of private residential transactions with short holding periods in recent years [1]