GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Apnimed (APMD.US), a developer of sleep apnea medications, has listed on the US stock market, with the opening stock price rising over 11%.

Apnimed debuted on the U.S. stock market, with the opening stock price rising over 11% to $17.79.

Church & Dwight (CHD.US) and Colgate (CL.US) financial reports reveal consumer trends: consumers are still willing to pay for high-quality products.

Church & Dwight and Colgate's latest performance reports indicate that despite cautious consumer spending in the United States, consumers are still willing to pay higher prices for products perceived as higher quality and more innovative.

Witness the power of innovation! The various grand prizes of the second "Shulong Cup" were announced in sequence.

The second half of AI application reconstruction has arrived.

US Stock Market Move | Alphabet Inc. Class C (GOOGL.US) rose more than 5%, with a cumulative increase of over 9% in the past week.

On Friday, Google (GOOGL.US) saw its stock price strengthen, rising more than 5% as of the time of writing, with an increase of over 9% in the past week.

US Stock Market Move | Popular Chinese concept stocks strengthened, with Alibaba Group Holding Limited Sponsored ADR (BABA.US) rising nearly 5%.

On Friday, the Nasdaq Golden Dragon China Index rose by 0.7%, with popular Chinese concept stocks strengthening, and Alibaba (BABA.US) increasing nearly 5%.

Bitcoin falls below $63,000! The advancement of the U.S. cryptocurrency regulatory bill is stalled, and the performance of Coinbase (COIN.US) and Strategy (MSTR.US) is under pressure, impacting market sentiment.

Bitcoin fell below $63,000 on Friday, hitting its lowest level in about two weeks.

US Stock Market Move | Reddit (RDDT.US) plunges nearly 22% as CEO warns of AI reshaping search traffic direction.

On Friday, Reddit (RDDT.US) opened lower and continued to decline, and by the time of publication, it had fallen nearly 22%.

U.S. consumer confidence in July rose to a five-month high, with the willingness to purchase durable goods reaching its highest level in nearly ten months. The commercialization prospects of AI have raised concerns about employment.

In July, U.S. consumer confidence improved for the second consecutive month, reaching its highest level in five months. This reflects a easing of American households' pessimism about the economy, driven by an improved outlook for economic prospects and gasoline prices remaining at recent lows.

US Stock Market Move | Tesla, Inc. (TSLA.US) fell 1.5%, having accumulated a decline of over 27% in July.

On Friday, Tesla (TSLA.US) continued its recent decline, dropping 1.5% by the time of publication. The stock has performed poorly in July, with a cumulative drop of over 27%.

US Stock Market Move | The trial of a new heart disease drug did not meet its primary endpoint, causing Novo Nordisk A/S Sponsored ADR Class B (NVO.US) to plummet nearly 10%.

On Friday, Danish pharmaceutical giant Novo Nordisk (NVO.US) opened sharply lower, with a nearly 10% decline as of the time of this report.

US Stock Market Move | Supply constraints impact performance guidance; Apple Inc. (AAPL.US) opens significantly lower, dropping over 9%.

On Friday, Apple (AAPL.US) opened significantly lower, and as of this report, its decline exceeded 9%, with a market capitalization of approximately $4.4 trillion, dropping from the position of the world's most valuable company.

Two Federal Reserve officials who voted against the measure spoke again: Delaying anti-inflation efforts may force aggressive rate hikes in the future.

Two Federal Reserve officials opposing the decision to keep interest rates unchanged warned that if action on inflation is delayed for too long, it could result in the need for more aggressive policy measures later on.

1.2 million vehicles involved in government investigation due to suspension defects. Regulatory risks increase for Tesla, Inc. (TSLA.US) as its stock price declines.

The U.S. auto safety regulator has launched an investigation into Tesla's most popular models following a series of complaints from drivers about sudden suspension failures.

US Stock Market Move | Storage concept stocks opened high but closed lower, with SanDisk (SNDK.US) giving back its gains and turning negative.

On Friday, U.S. stock market storage concept stocks initially continued to rise, but the gains significantly narrowed, with Micron and SanDisk reversing their gains and turning negative.

The Philadelphia Semiconductor Index narrowed its gains to 2%, having previously surged by as much as 5%.

The Philadelphia Semiconductor Index's gains narrowed to 2%, having previously surged by 5%, closing at 11,612.38 points. SanDisk erased an early gain of 10% and turned negative. Micron Technology's gains shrank to less than 1%, having once risen by over 6%.

The decline in spot gold has widened, now down nearly 2%, reported at 4024.69 dollars per ounce.

US Stock Market Move | Amazon.com, Inc. (AMZN.US) exceeded market expectations in the second quarter, rising over 11%.

On Friday, Amazon (AMZN.US) opened with a rise of over 11%, reaching a market value of $2.85 trillion.

New Stock News | Lijing Technology Resubmits Application to the Hong Kong Stock Exchange

According to a disclosure by the Hong Kong Stock Exchange on July 31, Lijing Innovative Technology Co., Ltd. (referred to as: Lijing Technology) has once again submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and China International Capital Corporation serving as joint sponsors.

Wage-inflation spiral alarm not yet sounded: U.S. Q2 labor costs exceed expectations, while real purchasing power is eroded by inflation.

Data released by the U.S. Department of Labor on Friday showed that in the second quarter of this year, the growth of U.S. labor costs slightly exceeded expectations, and wage growth in the private sector accelerated. However, after adjusting for inflation, real wage costs did not rise but fell, indicating that the labor market has not exerted a significant upward pressure on inflation.

"The big short" is making moves! The semiconductor surge triggers the "short selling" mechanism, increasing bets against the leading forces in AI computing power.

In the context of the AI computing power supply chain, Boli's recent move seems more like a mid-term tail risk alert.

The enthusiasm for AI is cooling, and macro risks are heating up! U.S. stock traders are gearing up for the "August storm," with Goldman Sachs betting on a resurgence of volatility.

Traders are preparing for a shift in the market landscape, with an investment blueprint designed to withstand significant overall market fluctuations taking shape.

Heart new drug trial fails! Novo Nordisk A/S Sponsored ADR Class B (NVO.US) stock price plunges before the market opens, intensifying the cloud of "weight loss drug dependence."

Novo Nordisk has encountered a significant setback in its research and development efforts. The company announced on Friday that its highly anticipated heart drug, ziltivekimab, failed to meet its primary endpoint in a large late-stage clinical trial. This news caused its stock price to plunge by over 10% during intraday trading.

The conflict between the U.S. and Iran has driven up oil prices! Chevron Corporation (CVX.US) has reaped massive "war profits," with Q2 earnings setting a new historical record.

Due to supply disruptions caused by the war, the prices of crude oil, gasoline, and diesel have soared, and Chevron has announced a record-breaking second-quarter performance that exceeded expectations.

The conflict in the Middle East has catalyzed strong performance from oil and gas giants. Exxon Mobil Corporation (XOM.US) reported its highest profits since the Russia-Ukraine conflict began.

Despite the soaring crude oil prices and expanding fuel production profit margins, Exxon Mobil Corporation has still been unable to meet profit expectations as the U.S.-Iran conflict enters its sixth month. The company reported a total profit of $14.7 billion, the highest since the Russian invasion of Ukraine disrupted global markets in 2022, but its adjusted second-quarter earnings fell short of the average expectations by 2 cents.

A-share Announcement Highlights | The cross-border giant stock Elegant Home-Tech (603221.SH) with 9 consecutive has been suspended for investigation.

Aili Home, which has seen a consecutive rise for nine trading days, recorded a cumulative increase of 135.77% from July 21 to July 31. Trading will be suspended for verification starting from August 3.

Preview of US Stock Market | All three major stock index futures are rising, semiconductor stocks continue to gain momentum, and European stocks are strongly reaching new historical highs.

On July 31 (Friday), ahead of the market opening, all three major U.S. stock index futures rose.

Brent crude oil rose 2% during the day, currently priced at $88.62 per barrel.

The Baltic Dry Index rose by 2.21% to 2732 points.

The US and Japan's joint intervention only lasted one day? The hawkish statements from Ueda and Kuroda failed to soothe the market, and the momentum for the yen's rebound faded, returning to the 160 level.

The Bank of Japan kept interest rates unchanged, and Governor Kazuo Ueda did not provide new support for the yen, resulting in fluctuations in the yen exchange rate between rises and falls.

In the first half of the year, Macao's total export value increased by 24.0% year-on-year to 8.22 billion Macao patacas.

In the first half of 2026, the total export value increased by 24.0% year-on-year to 8.22 billion patacas (Macanese dollars, the same hereinafter), comprised of re-exports (7.40 billion patacas) and local product exports (820 million patacas), which grew by 25.2% and 14.8%, respectively.

Macau Statistics and Census Bureau: The trade volume of the food and beverage industry in June fell slightly by 0.2% year-on-year, while the trade volume of the retail industry rose by 7.3%.

In June 2026, the retail industrys transaction volume rose by 7.3% year-on-year to 4.08 billion Macau patacas.

The Statistics and Census Service of Macao: From April to June, the unemployment rate for local residents rose slightly by 0.1 percentage points compared to March to May.

Overall, the unemployment rate (1.9%) has increased by 0.1 percentage points compared to the previous period, while the underemployment rate (1.8%) has decreased by 0.1 percentage points.

The escalating conflict in the Middle East ignites inflation in Europe! The eurozone CPI rises to 2.9%, and the European Central Bank is poised to raise interest rates in September.

In July, the breakdown of the U.S.-Iran ceasefire agreement led to a rise in oil prices and an increase in the inflation rate in the Eurozone, further fueling expectations that the European Central Bank would need to raise interest rates again. The Consumer Price Index rose by 2.9% after a 2.8% increase in June, with energy prices surging by 10%. The service price index and the core price index, which excludes volatile items, also accelerated in their increase.

The dollar heads for its worst week in three months: the credibility of the Federal Reserve is in doubt, and Japan's massive intervention strikes again.

The dollar is heading towards its worst week in three months.

The Statistics and Census Service of Macao: The preliminary value of local gross domestic product for the first half of the year is MOP 209.89 billion, with a year-on-year real growth of 3.7%.

The preliminary gross domestic product (GDP) value for the second quarter of 2026 is 102.33 billion Macau patacas, reflecting a real growth of 0.3% year-on-year, with the total economic output recovering to 87.9% of the level in the same period of 2019.

According to CCTV: Li Qiang chaired a State Council executive meeting to listen to reports on the construction of the new-type power grid and logistics network.

Regulate the management of card sales through internet channels. Operators have stopped the processing of number and card applications through third-party internet channels.

On the evening of July 31, China Telecom, China Mobile, and China Unicom issued a notice regarding the regulation of card sales management through internet channels. The notice states that in order to protect user rights and data security, the ordering process for number cards through internet channels will be uniformly regulated. Starting from August 1, 2026, users wishing to order number cards through internet channels can only do so through the official apps or websites of telecommunications operators; third-party internet channels will no longer provide services related to the handling of telecom number cards. In the notice, operators indicated that recently they have discovered illegal businesses falsely claiming to be "authorized partners of the operators" to release fraudulent card sales information, or using the guise of selling cards to collect users' sensitive personal information such as ID cards, addresses, and contact details, infringing upon user rights and posing a significant risk of information leakage for users.

The Hong Kong Securities and Futures Commission: Ruling that Pansy Ho committed insider trading before disclosing an unexpected corporate gain of HK$1.15 billion.

The Hong Kong Market Misconduct Tribunal ruled that Pansy Ho and her controlling company were guilty of insider trading.

The Bank of Japan remains steady but signals a "hawkish" stance! Kazuo Ueda hinted that the next meeting may discuss accelerating interest rate hikes.

At the monetary policy meeting that concluded today, the Bank of Japan decided by a majority vote to maintain the policy interest rate at 1%.

New Stock News | Hemei Pharmaceutical's Hong Kong IPO and domestic unlisted shares "full circulation" approved by the China Securities Regulatory Commission.

On July 31, the International Cooperation Department of the China Securities Regulatory Commission issued a notification regarding the registration of the overseas issuance and listing of Ganzhou Hemei Pharmaceutical Co., Ltd. and the "full circulation" of its unlisted shares in the domestic market.

Canada Goose Holdings, Inc. (GOOS.US): Q1 Greater China revenue soared 44.2%, with the all-season strategy anchored for long-term growth.

In the first quarter of fiscal year 2027, Canada Goose's global total revenue increased by 10.3% year-over-year to 118.9 million Canadian dollars.

The "Regulations on the Development and Management of Micro Short Plays" have been announced and will take effect on September 1.

On July 31, the State Administration of Radio and Television officially announced Order No. 16, the "Management Measures for the Development of Micro Short Dramas."

IPO News | Vinda Technology's Hong Kong stock IPO and domestic unlisted shares "full circulation" have been filed with the China Securities Regulatory Commission.

On July 31, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Registration of the Overseas Issuance and Listing of Weidali Technology Co., Ltd. and the Full Circulation of Unlisted Shares in China."

16 billion "bloody chips" have been settled: Has the AI deconstruction wave from Citadel hit the bottom, or is it the starting point for a domino effect?

When the market confirmed that there was no need for continued disorderly selling of Situational Awareness, seller supply sharply decreased, and both short covering and fundamental buying entered the market simultaneously: South Korea's KOSPI surged 17.9% to a record high, while Samsung Electronics and SK Hynix skyrocketed approximately 28% and 30% respectively, and the Philadelphia Semiconductor Index also rebounded strongly.

The State Administration for Market Regulation has launched compliance guidance on pricing in the photovoltaic industry.

The State Administration for Market Regulation has conducted price compliance guidance in the photovoltaic industry in Yancheng, Jiangsu Province. This is in line with the decision-making and deployment of the Party Central Committee and the State Council to deeply rectify "involutionary" competition, promoting photovoltaic companies to shift from competing on "price" to competing on "quality," and facilitating the high-quality development of the photovoltaic industry.

Northbound funds | Northern funds net sold 481 million. Xiaomi (01810) has entered the extended-range market, with Northern funds aggressively purchasing over 1.7 billion Hong Kong dollars throughout the day.

On July 31, in the Hong Kong stock market, northbound capital net sold HKD 481 million. Among them, the Shanghai-Hong Kong Stock Connect had a net purchase of HKD 559 million, while the Shenzhen-Hong Kong Stock Connect had a net sale of HKD 1.04 billion.

Foreign capital in the south had a net selling of 481 million yuan today. In the Hong Kong Stock Connect (Shanghai), Yangtze Fiber Optic Cables and International Holdings had net sell-offs of 243 million HKD and 100 million HKD respectively; Xiaomi Group-W topped the net purchases with an amount of 1.483 billion HKD. In the Hong Kong Stock Connect (Shenzhen), Meituan-W and SMIC had net sell-offs of 636 million HKD and 415 million HKD respectively; Alibaba-W had the highest net purchase amount of 352 million HKD.

The "Regulations of the State Council on Exit and Entry Administration" have been announced, clarifying the application requirements for exit and entry.

On July 31, the "Regulations of the State Council on Exit and Entry Administration" were published, and they will take effect from September 15, 2026.

The Hang Seng Index Company has launched the Hong Kong Stock Connect AI Infrastructure Index, covering hardware sectors such as semiconductors and electronic devices.

On July 31, the Hang Seng Index Company launched the Hang Seng Hong Kong Stock Connect Artificial Intelligence Infrastructure Index today.

The State Administration of Foreign Exchange: In June, China's international balance of payments for goods and services trade reached 53,407 billion yuan.

The State Administration of Foreign Exchange announced the international balance of payments data for goods and services trade in China for June 2026.

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Artificial intelligence companies Anthropic and OpenAI have encountered cybersecurity incidents, revealing existing security risks in the United States.

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CFTC: Total long position in the US dollar reaches an all-time high

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The U.S. Commodity Futures Trading Commission: Santos must pay a fine for trading on the market conditions following the State of the Union address.

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The U.S. Commodity Futures Trading Commission: George Santos must pay a fine of $35,000 for "manipulative" trading.

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The US dollar fell 2.9% against the Japanese yen this week.

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