According to BlockBeats, on July 23, the Securities Times reported that Meng Huating, Director of the Foreign Investment Administration Department of the Ministry of Commerce of China, stated at a press conference that in the second half of the year, efforts will continue to focus on the goal of consolidating and optimizing the use of foreign investment, further shaping new advantages in attracting foreign investment, and doing a good job in expanding the scale, stabilizing the existing scale, and improving the quality of foreign investment.

In terms of expanding scale, we will continue to implement high-level opening up to the outside world, steadily and orderly deepen the pilot opening up in areas such as value-added telecommunications, biotechnology, wholly foreign-owned hospitals and vocational skills training institutions, support Beijing in improving the construction level of the national service industry comprehensive demonstration zone, and accelerate the revision and promulgation of regulations on foreign investors' mergers and acquisitions of domestic enterprises.

According to BlockBeats, on July 23, the market currently expects a 100% probability that the European Central Bank will raise interest rates twice by 25 basis points each time before the end of the year.

Markets are increasing their bets on a Bank of England rate hike, with the probability of a 75 basis point increase by mid-2027 now at 100%. (Jinshi)

According to BlockBeats, one of the world's most attractive arbitrage opportunities will remain unattainable on July 23. The Korea Securities Depository announced that SK Hynix has set a cap of 2.5% of its total share capital on the conversion of its South Korean-listed shares into American Depositary Receipts (ADRs) traded in the United States.

This news reveals a key issue that investors have been closely watching since the company's successful listing in the United States. The CEO of the Korea Depository Trust stated that SK Hynix's $26.5 billion American Depositary Receipts (ADRs) issued on July 10 have exhausted their issuance limit.

This means that unless existing ADR holders first convert their U.S.-traded ADRs back into Korean shares to free up issuance space, investors cannot convert Seoul-listed shares into ADRs. SK Hynix declined to comment.

According to a report by Xinhua News Agency on July 23, the Chinese Ministry of Commerce stated that China and the United States are soliciting opinions on tariff reduction arrangements and will push for their implementation as soon as possible.

According to BlockBeats, on July 23, Binance Wallet announced that it will open applications for the Alpha airdrop tonight at 7 PM. Users with at least 256 Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is completely distributed or the airdrop event ends.