Group 1 - The Ministry of Finance has released the legislative work plan for 2025, which includes the research and formulation of the management measures for the domestic investment of the National Social Security Fund and the revision of corporate financial regulations [1] - The Hong Kong Special Administrative Region government has published the announcement regarding the "Stablecoin Ordinance," designating August 1, 2025, as the effective date for the implementation of the ordinance [1] - The Shanghai Composite Index fell by 0.06%, the Shenzhen Component Index decreased by 0.18%, and the ChiNext Index dropped by 0.48% at the midday close. The Hang Seng Index declined by 0.21%, while the Hang Seng Tech Index fell by 0.59% [1]