GMT EIGHT - OPPORTUNITIES IN CHINA

New Stock News | Jinzhihui resubmits application to the Hong Kong Stock Exchange, focusing on providing AI digital employee solutions and enterprise-level intelligent body solutions.

According to the prospectus, Jinzhiwei is an AI company focused on providing artificial intelligence (AI) digital employee solutions and enterprise-level intelligent body solutions. Through its self-developed AI solutions, Jinzhiwei helps enterprises accelerate their digital transformation.

New Stock News | Lithium battery electrolyte supplier Kunlun New Material has submitted a secondary application to the Hong Kong Stock Exchange, with profits of approximately 148 million yuan in the first half of the year.

Kunlun New Materials is a global supplier of lithium battery electrolytes, focusing on the research and development, production, and sales of lithium battery electrolytes and emerging battery materials.

Bescent's "toolbox" struggles against the dual hit of rising oil prices and weak consumption, Goldman Sachs: "The market is filled with the scent of stagflation."

Goldman Sachs believes that Bessent is attempting to stabilize the long-end bond market by expanding the repurchase of U.S. Treasuries and advancing fiscal consolidation, but after a brief decline, long-term bond yields quickly rebounded, and policy tools still struggle to alleviate fiscal and supply-demand pressures. Meanwhile, signs of stagflation are intensifying: oil prices rose over 7% in a week, and the 10-year break-even inflation rate increased by nearly 10 basis points in two weeks; consumer spending continues to cool, with Walmart's same-store sales growth falling to a six-year low of 2.6%, and the stagflation basket rose by 6.7% this week.

After the research in Silicon Valley, Goldman Sachs summarizes: Agents have entered the execution era, AI competition has shifted to workflows, and the rise of world models.

Goldman Sachs' report points out that AI is moving from "answering" to "executing," with industrial competition shifting toward workflow control. The key to deploying agents lies in controllability and responsibility division, with workflows that have clear boundaries and verifiable outcomes being prioritized for automation. The model market is headed towards specialization: cutting-edge models dominate high-value tasks, while open-source models handle large-scale inference.

New Stock News | Red Avenue New Materials Group (603650.SH) submits a secondary application to the Hong Kong Stock Exchange, ranking first in sales revenue in both the global and Chinese markets for phenolic resin rubber additives used in tires.

According to the prospectus, Tongcheng New Materials is a comprehensive new materials service supplier in China, focusing on advanced chemical products.

New Stock News | Eaglerise Electric & Electronic (002922.SZ) resubmits application to the Hong Kong Stock Exchange, ranking third among Chinese suppliers in the data center transformer equipment industry.

According to the prospectus, Igor is a global supplier of power equipment and solutions.

New Stock News | Taili Biology Resubmits Application to Hong Kong Stock Exchange, Loss of Approximately 117 Million Yuan in the First Half of the Year

Taili Biotech is a clinical-stage biopharmaceutical company established in 2017, focused on discovering and developing oncology therapies.

Anthropic's self-developed chip strategy: hiring the founder of Google's TPU business, a "bet against Nvidia" on the eve of a 2 trillion IPO.

Anthropic is shifting its strategic focus from "acquiring computing power" to "creating computing power." The company has hired Amir Salek, the founder of Googles custom chip business, to form an in-house chip development team, while also collaborating with Fractile, Google, Broadcom, Samsung, and others to secure an estimated TPU capacity of about 3.5GW by 2027. This dual strategy of "in-house development + diverse procurement" aims to reduce reliance on NVIDIA and lower inference costs.

Tesla, Inc. (TSLA.US) officially announced! The Cybercab launch event will be held in Austin on September 3rd.

Tesla will unveil the driverless model Cybercab, featuring no steering wheel and no pedals, in Austin on September 3, local time. Previous reports indicated that the vehicle has completed road testing and employee trials, with plans to first open it to employees and then to the public.

New Stock News | Wuxi Best Precision Machinery (300580.SZ) submits secondary application to Hong Kong Stock Exchange.

According to the prospectus, Best is a company specializing in electronic functional enhancement materials, with a well-established business presence in the fields of acoustic enhancement materials, electronic ceramic materials, electronic adhesives, and energy enhancement materials.

New Stock News | Yifang Biotech (688382.SH) Re-submits Application to the Hong Kong Stock Exchange

According to the prospectus, Yifang Biotechnology was founded in 2013 and is a biopharmaceutical company focused on oncology, autoimmune diseases, and metabolic diseases.

New Stock News | Jinzhihui Submits Secondary Application to Hong Kong Stock Exchange

According to the prospectus, Jinzhwei is an AI company focused on providing artificial intelligence ("AI") digital employee solutions and enterprise-level intelligent agent solutions.

New Stock News | Kunlun New Materials Resubmits Application to Hong Kong Stock Exchange

According to the prospectus, Kunlun New Materials is a global supplier of lithium battery electrolytes, focusing on the research, development, production, and sales of lithium battery electrolytes and emerging battery materials.

New Share News | Red Avenue New Materials Group (603650.SH) files a second application with the Hong Kong Stock Exchange.

According to the prospectus, Tongcheng New Materials is a comprehensive new materials service supplier in China, focusing on advanced chemical products.

New Stock News | Eaglerise Electric & Electronic (002922.SZ) Resubmits Application to Hong Kong Stock Exchange

According to the prospectus, Igor is a global supplier of electrical equipment and solutions.

New Stock News | Tairui Biotechnology Resubmits Application to Hong Kong Stock Exchange

According to the prospectus, Tali Bio is a clinical-stage biopharmaceutical company founded in 2017, focusing on the discovery and development of oncology therapies.

New Stock News | Medical device company Maikerian passes Hong Kong Stock Exchange hearing, with three major business lines globally deployed and leading in multiple categories.

The prospectus shows that Micatiann is a global medical device provider that meets the clinical needs of a wide range of clinical departments, wards, and clinics in medical institutions, as well as community health centers, testing institutions, and home care settings.

Bescent failed to stabilize the market, and Japan is at risk of repeating the "1997 ASIA FINANCIAL CRISIS."

The Nomura report believes that "Besson put options" are becoming ineffective, as the U.S. Treasury's attempts to lower long-end yields through bond buybacks have not only failed to stabilize the bond market but have also intensified downward pressure on the dollar. The report warns that if Japan were to follow the U.S. in suppressing long-term financing costs, it might shift pressure onto the foreign exchange market. Given the already weak backdrop of the yen, a policy misstep that leads to capital outflow could expose Japan to risks similar to those experienced during the 1997 Asian financial crisis.

TACO expectations fall short! US-Canada trade negotiations have collapsed, the US has initiated a 50% tariff, and Canada has suspended negotiations while preparing for "equal countermeasures."

Carney has suspended trade negotiations and vowed to take reciprocal measures against the new tariffs imposed by the United States. A senior government official stated that no further meetings are scheduled due to the U.S. implementing a new 50% tariff.

Yu Enyuan: The New Stone Age aims to build 10 million unmanned vehicles and a logistics network of 100 million Siasun Robot & Automation.

"From the very first day of its establishment, New Stone Technology has aimed to become a robotics company." On August 21, New Stone Technology founder Yu Enyuan systematically elaborated on this positioning for the first time at the 2026 World Robot Conference forum.

Everything you need to know: Market Focus! What to watch for at next week's Jackson Hole Conference?

Waller will deliver his inaugural keynote speech at Jackson Hole at 10 a.m. EDT on August 28, but he has not yet decided whether to discuss the macroeconomic "big picture" or directly provide guidance for the policy path from September to December. This uncertainty means that the market's sensitivity to changes in language may significantly increase.

Dual Inclusion! Desheng-B (02526) is simultaneously included in the Hang Seng Composite Index and the Hang Seng Biotechnology Index. The company's valuation has significant upside potential.

DeShi-B was established in 2016 and is a technology company that innovates medical diagnostics using AI technology, ranking first in the industry. It has developed the world's first "Core Universal Brain" - the iMedImage base model in the field of medical imaging, achieving a scale of hundreds of billions of parameters, covering 19 types of medical imaging modalities and 26 clinical specialties. Based on this, it has established the globally leading medical imaging AI "Research and Production Acceleration Platform" iMedLoop, which has accumulated 28.95 million high-quality medical imaging datasets.

Citadel has sold 80% of the "bloody chips" it bought at the bottom from the "AI stock god"!

The founder of Castle Investment stated that the company has reduced its risk exposure in the stock portfolio taken over from the hedge fund Situational Awareness by more than 80%. This batch of positions, worth over $4 billion, is mainly concentrated in the AI and semiconductor sectors, including long positions in Micron Technology and SanDisk, as well as related positions in NVIDIA, Broadcom, and AMD.

Smart money collectively shifts towards traditional energy longs! Hedge funds are buying from European diesel all the way to American gasoline, Brent crude, and WTI.

Hedge funds have significantly reduced their short positions in European diesel to the lowest level in more than two years, while increasing new long bets, indicating that traders expect the historic fuel shortage to persist.

Before the announcement of the expanded buyback of U.S. Treasuries, asset management companies increased their long positions in 5-year and 10-year futures.

According to data from the CFTC for the week ending August 18, asset management companies have increased their net long positions in 5-year and 10-year U.S. Treasury futures.

As long-term U.S. Treasury yields rise, the excitement around Jackson Hole overshadows Nvidia's performance! The speech by Waller may determine the next stage for risk assets.

Ann Mileti from Allspring Global Investments stated that Wall Street should pay more attention to the content of next weeks Jackson Hole Global Central Banking Conference rather than Nvidia's performance. Mileti remarked that investors should maintain lower expectations ahead of the Jackson Hole Summit.

Trump: Did not instruct Bassett to intervene in the U.S. debt market, economic growth will resolve the debt issue on its own.

Trump stated that it was Besant's own decision to intervene in the bond market and praised him for being very capable, with a natural instinct for bonds and interest rates. Regarding the trade agreement, Trump mentioned that the negotiations between the U.S. and Canada are progressing smoothly and should result in an agreement.

Dalio warns that the U.S. fiscal situation has reached a "turning point"; a debt crisis may erupt in the next 1 to 5 years. He suggests reducing bond holdings and increasing allocations to gold and Bitcoin.

Ray Dalio, the founder of Bridgewater Associates and billionaire investor, has once again issued a warning about the financial situation in the United States.

Overnight US stocks | U.S. Treasury yields continue to rise, and the three major indexes fell this week. Bitcoin has increased by approximately 23%.

As of the close, the Dow Jones Industrial Average rose 517.60 points, an increase of 0.98%, closing at 53,276.81 points; the S&P 500 index rose 33.15 points, an increase of 0.43%, closing at 7,674.31 points; the NASDAQ Composite Index rose 113.29 points, an increase of 0.43%, closing at 26,180.45 points.

A precise response to the AI selling wave? Citadel resolves over 80% of acquisition portfolio risks, flagship fund records its best monthly performance since 2022.

Ken Griffin, founder of Citadel Investment, revealed for the first time to clients on Friday the details of how the company handled the assets it acquired from the Situational Awareness hedge fund.

MEILAN AIRPORT (00357) announced its interim results, reporting a net loss attributable to shareholders of approximately 66.8786 million yuan, narrowing by 4.73% year-on-year.

Meilan International Airport (00357) announced its mid-term performance for 2026, reporting total revenue of approximately 1.092 billion yuan, an increase of 1.14% year-on-year; the net loss attributable to the parent company's shareholders was about 66.8786 million yuan, narrowing by 4.73% year-on-year; basic loss per share was 0.14 yuan.

US Stock Market Move | Tesla, Inc. (TSLA.US) rose over 5%. Cybercab is expected to welcome its first public trial ride at the end of the month.

On Friday, Tesla (TSLA.US) rose over 5%, reaching $363.15.

HONBRIDGE (08137) plans to acquire 51% of Juneng (Jiangsu) Power Technology for 424.8 million yuan.

Hongqiao Group (08137) announced that on August 21, 2026, the company entered into an acquisition agreement with Lianfengtai Technology, Geely Technology Group, and the target company. Geely Technology Group has conditionally agreed to sell, and the company has conditionally agreed to acquire (through a wholly foreign-owned enterprise being established by Lianfengtai Technology) 51% of the equity in Juneng (Jiangsu) Power Technology, at a price of RMB 424.8 million (or equivalent in Hong Kong dollars).

XINXIN MINING (03833) announced its interim results, with a net profit attributable to shareholders of 249 million yuan, a year-on-year increase of 248.13%.

Xinjiang Xinxin Mining Industry (03833) announced its interim results for the six months ending June 30, 2026. The Group recorded operating revenue of approximately 1.266 billion yuan, representing a year-on-year increase of 13.22%; net profit was 245 million yuan, an increase of 261.06% year-on-year; of which the net profit attributable to shareholders of the parent company was 249 million yuan, an increase of 248.13% year-on-year; basic earnings per share stood at 0.113 yuan.

PATEO (02889) intends to invest 800 million yuan to acquire a 20% stake in Guangzhou Seagull Kitchen And Bath Products (002084.SZ).

(02889) announced that on August 21, 2026, the company plans to acquire 20% of the equity of Guangzhou Seagull Residential Industry Co., Ltd. (002084.SZ) from Zhongyu Investment for a price of 800 million yuan, equivalent to approximately 6.19 yuan per A-share. Upon completion of the acquisition, the company will hold 20% of the total issued capital of the target company and will become the controlling shareholder of the target company.

YOFC (06869) intends to adopt the 2026 H-share incentive plan.

Changfei Optical Fiber Cable (06869) announced that the board of directors resolved at a meeting held on August 21, 2026, to propose the adoption of the 2026 H-share incentive plan. The board or authorized persons will manage and run the 2026 plan, determine the list of participants, and set the grant date, vesting date, and vesting conditions for the incentive shares. The incentive shares involved shall be existing H-shares purchased on the secondary market by a trustee according to the company's instructions.

US Stock Market Move | Rare earth concept stocks rose, with Critical Metals (CRML.US) up over 13%.

Rare earth concept stocks are rising. As of the time of writing, Critical Metals has increased by over 13%.

CHINANEWTOWN (01278) will distribute an interim dividend of HK$0.0019 per share on September 23.

China New Town (01278) announced that it will distribute a mid-term dividend of HKD 0.0019 per share for the six months ending June 30, 2026, on September 23, 2026.

Dajin Heavy Industry (01081) announced its interim results, with a net profit attributable to the parent company of approximately 601 million yuan, a year-on-year increase of 9.89%.

Daikin Industries (01081) announced its mid-term results for 2026, with operating revenue of approximately 3.253 billion yuan, a year-on-year increase of 14.48%; net profit attributable to shareholders of the listed company was approximately 601 million yuan, a year-on-year increase of 9.89%; basic earnings per share were 0.94 yuan. Export revenue reached 2.675 billion yuan, accounting for 82.25% of total revenue, an increase of 3.3 percentage points, with the value contribution capability of offshore business as the core continued to improve.

US Stock Market Move | Lithium mining stocks rose broadly, with Lithium Argentina (LAR.US) surging over 11%.

On Friday, lithium stock prices rose broadly, with Lithium Argentina (LAR.US) surging over 11%.

QINGDA ORIENTAL (08115) announced its interim results, with a loss attributable to shareholders of 482 million yuan.

Qingda Dongfang (08115) announced its results for the six months ended June 30, 2026, with revenue of 114 million yuan, a year-on-year increase of 155.7%; the loss attributable to shareholders was 482 million yuan, compared to a loss of 418,000 yuan in the same period last year; basic loss per share was 224.63 cents.

MEILAN AIRPORT (00357) plans to sell 6% of the total equity of Hainan Airport Holdings to Hainan Airport Development.

Meilan Airport (00357) announced that on August 21, 2026, its wholly-owned subsidiary, Ruigang Logistics, entered into an equity transfer agreement with Hainan Airport Development, in which Ruigang Logistics will sell and Hainan Airport Development will acquire the target equity (equivalent to 6% of Hainan Airport Holding's total equity). According to the equity transfer agreement, Hainan Airport Development shall pay Ruigang Logistics a total consideration of RMB 109 million for the transfer of the target equity.

JUJIANG CONS (01459) released its interim results, reporting a net loss of 8.767 million yuan, a shift from profit to loss compared to the same period last year.

Giant Construction (01459) announced its interim results for the six months ended June 30, 2026, with group revenue of RMB 2.559 billion, a year-on-year increase of 10.3%; a net loss of RMB 8.767 million, turning from profit to loss compared to the same period last year; and a loss per share of RMB 0.02.

SL GEMINI (02481) announced its interim results, with the profit attributable to owners of the company amounting to approximately 110 million yuan, a decrease of 1.8% compared to the same period last year.

Shuangliang Ruili (02481) announced its mid-term results for 2026, with revenue of approximately 893 million yuan, a year-on-year increase of about 17.5%. Gross profit was around 265 million yuan, representing a year-on-year increase of about 10.7%. The profit attributable to the company's owners was approximately 110 million yuan, a decrease of 1.8% compared to last year. Earnings per share were 0.36 yuan.

CHINANEWTOWN (01278) announced its interim results, with shareholders' profit attributable to them reaching 52.393 million yuan, an increase of 7.63% compared to the same period last year.

China New Town (01278) announced its interim results for the six months ended June 30, 2026. The group achieved operating revenue of RMB 227 million, a year-on-year increase of 18.18%; the profit attributable to equity holders of the parent company was RMB 52.393 million, a year-on-year increase of 7.63%; earnings per share were RMB 0.0054. A mid-term dividend of HKD 0.0019 per share is proposed.

GUDOU HLDGS (08308) announced its interim results, reporting a net loss of 26.456 million yuan, a year-on-year decrease of 13.6%.

Gudu Holdings (08308) released its performance for the six months ending June 30, 2026, reporting revenue of 8.881 million yuan, a decrease of 57.3% year-on-year; a net loss of 26.456 million yuan, narrowing by 13.6% year-on-year; and a basic loss per share of 1.9 cents.

Lens Technology (06613) will distribute an interim dividend of HKD 1.15598 for every 10 shares on October 20.

Lansi Technology (06613) announced that it will distribute a mid-term dividend of HKD 1.15598 for every 10 shares on October 20, 2026.

CIPRUN TECH (01020) subsidiary plans to issue 1.45 billion shares at a discount of approximately 2.4% to acquire all the equity of Jiangsu Oursoft Information Technology Co., Ltd.

Zhongxiruan Technology (01020) announced that on August 21, 2026, the Company, the buyer Aopai Enterprise Holdings Limited (a wholly-owned subsidiary of the Company), and the seller Mr. Meng Defeng entered into a sale and purchase agreement, pursuant to which the buyer conditionally agrees to purchase and the seller conditionally agrees to sell the sale shares for a consideration of RMB 250 million (equivalent to approximately HKD 290 million).

GRAND FIELD GP (00115) issues a profit warning, expecting that the loss attributable to shareholders for the first half of the year will increase to approximately HKD 18 million - 24 million.

Junhao Group (00115) announced that the group expects to incur a loss attributable to equity holders of approximately HKD 18 million to 24 million in the first half of 2026, while for the same period in 2025, the loss attributable to equity holders was approximately HKD 6.1 million.

SMART GLOBE (01481) announced its interim results, with a profit attributable to shareholders of HKD 14.019 million, an increase of 66.4% year-on-year.

Junqiu Holdings (01481) announced its results for the six months ending June 30, 2026, with revenues of HK$190 million, a year-on-year increase of 86.1%; the profit attributable to owners of the company was HK$14.019 million, an increase of 66.4%; basic earnings per share were HK$0.0137.

Latest

18/08

Citigroup: Initiates "Buy" rating for Zijin Mining International (02259), optimistic about production growth and gold price outlook.

18/08

Ganfeng Lithium: Progress on Subsidiary's Involvement in Investment Limited Partnership Matters

18/08

Zhichun Technology (603690.SH) plans to transfer part of its shares in the affiliated company Weidun Crystal Phosphate for 20 million yuan.

18/08

Xiamen Releases Twelve Measures to Promote Exchange and Cooperation with Taiwan

18/08

Yuncong Technology: The company is deeply involved in the national standardized pilot project "Shanghai Virtual-Real Integration Embodied Intelligence Training Ground" and the "Humanoid Robot Qilin Training Ground" project.

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