Summary of important domestic and international news, focusing on economic and policy dynamics

According to Jinshi reports, several important events occurred domestically and internationally yesterday. The China Securities Regulatory Commission approved the registration of coking coal options, and the Beidou satellite navigation system completed its in-orbit upgrade. The State Administration for Market Regulation launched price compliance guidance for the photovoltaic industry, and the three major telecom operators will stop issuing cards through third-party internet channels.

On the international front, the Bank of Japan maintained its interest rates, and the South Korean KOSPI index recorded its largest single-day increase in history. Hawkish pressure within the Federal Reserve is rising, with several officials supporting interest rate hikes.