06:33⇢Mainland IPOs Crash as Hong Kong Soars
⌨The newspapers report intensive coverage of Xi's directive on audit oversight, with multiple state media sources echoing his call for "high-quality" auditing (Global Times, Xinhua, People's Daily, China Economic Net). International focus remains on the TikTok Supreme Court hearing (Caixin Chinese, VOA), while economic coverage highlights a shift in IPO preferences towards Hong Kong listings, with an 89.93% increase in Hong Kong IPO fundraising compared to mainland's 81.11% decrease (Economic Observer).