Market News - Hainan Free Trade Port's full island closure will implement a policy characterized by "one line open, two lines controlled, and free flow within the island" to further expand openness[8] - As of the end of June, the balance of medium and long-term loans in the manufacturing sector increased by 8.7% year-on-year, while infrastructure loans rose by 7.4%[9] - The U.S. and Japan reached a trade agreement, reducing tariffs on Japanese imports from 25% to 15%[10] Industry News - China Fusion Energy Co., Ltd. was established, marking an acceleration in the development of the nuclear fusion industry in China[11] - The "Rural Road Regulations" will require upgrades for existing rural roads that do not meet minimum technical standards, effective September 15, 2025[12] Market Performance - On July 23, 2025, the North Exchange 50 Index fell by 1.58%, while the ChiNext Index slightly decreased by 0.01%[16] - The average market capitalization of the 268 North Exchange A-share constituent stocks is 3.147 billion, with a trading volume of 34.096 billion, down by 1.824 billion from the previous day[16]