[Domestic Iron Ore Brief Review] The price of iron ore concentrates in the Tangshan region is expected to fluctuate stably with a weak trend in the near future.

The latest tax data released by the State Taxation Administration shows that since the beginning of this year, tax authorities have implemented various tax and fee preferential policies supporting urban renewal in detail. In H1, cumulative tax, fee cuts and refunds reached 487 billion yuan. By category, in H1, VAT and deed tax were exempted for public rental housing; policies supporting rigid and improvement-oriented housing demand, such as the continued individual income tax incentives for residents replacing their homes, resulted in tax, fee cuts and refunds of 209.8 billion yuan.

According to Yonhap News Agency and other media reports, South Korea's presidential office Cheong Wa Dae denied on September 3 media reports that "the South Korean government has basically decided to send troops to the Strait of Hormuz." Reports said a South Korean media outlet reported earlier that day that the South Korean government had basically decided to send troops to the Strait of Hormuz and was reviewing a plan to submit a proposal for parliamentary consent to the deployment. Reports said Cheong Wa Dae issued a statement that day saying the relevant reports were inconsistent with the facts and that the matter had not yet been decided. Cheong Wa Dae said South Korea has always maintained close communication with the international community to promote the early restoration of freedom of navigation in the Strait of Hormuz and maintain peace and stability in the Middle East. The reports noted that US President Trump has repeatedly criticized South Korea for refusing requests to send troops to the Strait of Hormuz to help ensure the security of the strait, saying South Korean President Lee Jae-myung once responded "no, thank you" to his request for South Korea to join US military action against Iran.