Pre-market report of A-shares | Two major rare earth giants announce price increase, Shanghai takes major action, concerns stable currency.

Pre-market headlines 1. China Northern Rare Earth and Inner Mongolia Baotou Steel Union, two rare earth giants, announced price increases. Institutions are optimistic about the improvement in supply and demand in the industry. Type: Industry Sentiment impact: Positive Inner Mongolia Baotou Steel Union and China Northern Rare Earth both announced that the associated transaction price of rare earth concentrates for the third quarter will be adjusted to 19,109 yuan/ton, excluding taxes, a 1.5% increase from the second quarter's 18,825 yuan/ton. Guotou Securities predicts a future global demand gap in praseodymium and neodymium oxide markets, with prices expected to continue rising. 2. Shanghai State-owned Assets Supervision and Administration Commission held a meeting on the development trends and response strategies of cryptocurrencies and stablecoins. Type: Industry Sentiment impact: Positive The Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a learning session focused on the development trends and response strategies of cryptocurrencies and stablecoins. The meeting emphasized the importance of innovation, maintaining a keen awareness of emerging technologies, and strengthening research and exploration of digital currencies. It also highlighted the integration of industry and technology, exploring the application of blockchain technology in cross-border trade, supply chain finance, and asset digitization. 3. Will China and the United States hold negotiations in early August? The Ministry of Commerce responds: Both sides maintain close communication. Type: Macro Sentiment impact: Positive U.S. Commerce Secretary Rattanick stated that he and other senior U.S. trade officials may meet with Chinese negotiation representatives in early August. A spokesperson from the Chinese Ministry of Commerce stated that both sides maintain close communication at multiple levels regarding their respective concerns in the economic and trade fields, and hope that the U.S. and China will work towards the same goal. 4. Tesla plans to accelerate the expansion of its autonomous taxi business, with overnight stock prices rising nearly 5%. Type: Company Sentiment impact: Positive Tesla's stock rose by 4.73% overnight. In recent news, Tesla has officially applied to test and operate Robotaxi in Arizona. Musk also revealed that Robotaxi services are likely to expand to the San Francisco Bay Area in one to two months. However, California regulatory authorities are more cautious towards Tesla. Investment Tips Investment Tips: Markets often change in a very short period of time, while investors have not been able to react from past consensus. (from the book "Winning the Loser's Game" by Ellis) Institutional Views 1. Huatai: The Shanghai Composite Index is hesitating near 3500 points. Beware of market volatility, as mid-term performance will be key in the future. 2. Zheshang: The market still has the potential for further vertical development. The market may still be in a bullish cycle, with finance and technology soaring together. 3. Orient: The Shanghai Composite Index may continue to fluctuate around 3500 points. This does not affect the overall upward trend in the medium to long term. Focus on the banking, technology, and other sectors. Positive and Negative Outlook 1. Elon Musk's AI company releases Grok 4, claiming to be the world's most powerful AI model. Type: Market Hot Topic Huatai: The singularity of the development of large models and applications is imminent. A considerable proportion of AI application companies' commercial products rely on multimodal capabilities, which are expected to bring related investment opportunities in both computing power and applications. 2. Beijing issues a plan to boost consumption, aiming for an average annual growth of around 5% in total consumption. Type: Policy Focus Xiangcai Securities: With the peak tourist season approaching, focus on the rising potential of hotels, famous attractions, and related theme parks catalyzed by mid-to-long-term travel enthusiasm. Maintaining a "buy" rating on the commercial retail industry and focusing on new offline retail formats driven by new consumer trends. 3. The construction machinery industry has seen a recovery in the first half of the year, with the industry expecting an annual internal demand growth rate of over 10%. Type: Market Hot Topic Xiangcai Securities: With continued easing of China-US relations, the country's exports are expected to continue to grow rapidly, driving the overall demand for machinery equipment and signaling continuous improvement in the upstream machinery industry. Maintaining a "buy" rating on the machinery industry. Announcement Express Positive Announcements 1. Tianjin Tianbao Infrastructure: Expected net profit for the first half of the year is between 90 million to 130 million yuan, an increase of 1581.80% to 2329.27% year on year. 2. Guosheng Financial Holding Inc: Expected net profit for the first half of the year is between 150 million to 220 million yuan, an increase of 236.85% to 394.05% year on year. 3. China Shipbuilding Industry: Expected net profit for the first half of the year is between 1.5 billion to 1.8 billion yuan, an increase of 181.73% to 238.08% year on year. Negative Announcements 1. Wuxi Huaguang Environment & Energy Group: No significant media reports or market rumors that may impact the company's stock trading price. 2. Forest Packaging Group: The company's original paper products are industrial packaging papers and do not involve food paper areas. 3. Swancor Advanced Materials Co., Ltd: There is uncertainty about whether the acquisition of equity in Zhiyuan Siasun Robot & Automation can be completed. Overseas Markets Self-selected brother reminder: The market temporarily escaped the impact of Trump's tariff policy, with all three major U.S. indexes rising collectively. The S&P and Nasdaq continue to set new highs, with the rare earth and encryption concepts significantly strengthening. The rare earth concept MP Materials rose by more than 50%, and many popular Chinese concept stocks rose.