CITIC Securities said that the funding side may be disturbed by the mismatch between the supply of government bonds and the rhythm of fiscal expenditure in December, as well as the MLF maturity and seasonal factors. Banque centrale may adopt multiple tools such as reserve ratio cut, repurchase agreements, and bond purchases to stabilize Fluctuation in the funding side. The pressure of government bond supply and the game of policy expectations will disturb Taux d'intérêt in the bond market, but as long as Banque centrale sufficiently protects the funding side, there is still room for Taux d'intérêt to decline, which brings trading opportunities when following the flat curve.

Gate.io July 11 News: According to the official WeChat account of Cainiao Express, Cainiao Express has upgraded its same-city express delivery service for merchants in Guangzhou, providing same-day delivery for orders placed before 2:30 pm. At the same time, the delivery time has been greatly accelerated, and the price has been reduced by half, regardless of the first weight or the subsequent weight. As of now, Cainiao Express has not announced the opening rhythm of other cities. However, insiders revealed that Cainiao Express has upgraded its same-city express delivery service in multiple cities after the Chinese New Year.