GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Cardiovascular pharmaceutical company Braveheart Bio (BRVE.US) debuts on the U.S. stock market, with its stock price rising over 75% after opening.

As of the press release, the stock has risen over 75%, trading at $31.405.

IMF Vice President: Japan's economy is experiencing a long-term structural recovery, supporting the Bank of Japan in continuing to advance the normalization of monetary policy.

Dan Katz, the first deputy managing director of the International Monetary Fund, stated that the Japanese economy is undergoing a "profound and long-term transformation," and the economic recovery provides space for the Bank of Japan to continue advancing monetary policy normalization.

The initial release of approximately $100 billion worth of stocks did not trigger a wave of sell-offs. SpaceX (SPCX.US) shares experienced slight fluctuations, while market sentiment remains relatively bearish.

The first batch of SpaceX's approximately $100 billion in restricted shares officially became unrestricted on Thursday. However, the market reacted relatively calmly, as investors absorbed the impact of the significant increase in circulating shares while also beginning to pay attention to future arrangements for larger-scale unlockings in the coming rounds.

Has the Fed left the market to tighten financial conditions on its behalf? Analysis suggests that Waller's downplaying of forward guidance may weaken the precision of policy.

Federal Reserve Chairman Waller hopes to reduce forward guidance and rely more on changes in market interest rates to help curb inflation. However, analysts believe that while this move may enhance the market's ability to price autonomously, it could weaken the precision of monetary policy, increase market volatility, and raise the uncertainty of future policy adjustments.

A-shares Evening Hotspots | 150.8 yuan/share! Yushu Technology's Benchmarking Changxin, a single subscription may earn over 300,000.

On August 6, Yushu Technology announced the issuance announcement for its Sci-Tech Innovation Board listing, confirming the issue price to be 150.80 yuan per share.

U.S. second-quarter productivity growth exceeded expectations, and unit labor costs were lower than anticipated, easing inflation pressures.

Data released by the U.S. Bureau of Labor Statistics on Thursday showed that labor productivity in the United States increased at a pace that exceeded market expectations in the second quarter.

US Stock Market Move | ZAI LAB (ZLAB.US) surged over 12%, with Q2 product revenue increasing by 11% quarter-on-quarter.

On Thursday, Zai Lab Inc. (ZLAB.US) surged over 12%, reaching $20.68.

US Stock Market Move | Albemarle Corporation (ALB.US) gained over 6% as strong lithium demand led to Q2 performance exceeding expectations.

On Thursday, Albemarle Corporation (ALB.US) rose more than 6%, reaching $126.21.

US Stock Market Move | Storage chip concept stocks plummeted collectively, with SanDisk (SNDK.US) falling over 11%.

On Thursday, storage chip concept stocks plummeted collectively, with Western Digital (WDC.US) dropping over 18% and SanDisk (SNDK.US) falling more than 11%.

Trump has frequently called Walsh, adding further evidence of his attempts to intervene in the Federal Reserve's intentions.

According to informed sources, U.S. President Trump has been regularly speaking by phone with Kevin Warsh since his appointment as Chairman of the Federal Reserve, marking the latest sign of Trump's attempt to exert greater influence over the central bank.

SanDisk's stock plummeted 14%, with a market value evaporating by $25 billion.

The Dow opened up 0.14%, the Nasdaq fell 0.36%, and the S&P 500 declined 0.13%. Notable tech stocks included Intel, which dropped 2.81%, AMD falling 2.14%, and Tesla down 1.4%. The Nasdaq Golden Dragon China Index fell 0.29%, with Baidu down 2.03% and Alibaba decreasing by 1.36%.

After the AI bond sell-off wave, a "stress test" is coming! It is reported that Alphabet Inc. Class C (GOOGL.US) plans to issue an additional $25 billion in bonds, and the markets absorption capacity is facing a major test.

Alphabet plans to raise up to $25 billion through its latest bond issuance.

FOMO-induced panic buying has triggered a surge in bullish options for the S&P, leading to a remarkable emergence of "one-way order flow" in the market.

Traders' enthusiasm for betting on further gains in the S&P 500 index continues to risethis benchmark stock index, which has been overshadowed for months by the more volatile Nasdaq 100 index, is now once again enjoying a frenzy of interest in the options market.

The U.S. job market remains resilient! Last week's initial jobless claims stayed at a low level as the market focuses on the July non-farm payroll report.

The number of initial jobless claims in the United States remained essentially unchanged last week, staying below 200,000 for the third consecutive week, further highlighting the resilience of the American labor market.

The AI competition continues to heat up as Microsoft Corporation (MSFT.US) activates its largest data center in India.

Microsoft (MSFT.US) opened its largest data center in India on Thursday in Hyderabad, with Adani Group and HDFC Bank becoming early users of the project.

Merck & Co., Inc. (MRK.US) has submitted its oral drug for the treatment of AIDS for market approval in China.

Merck (MRK.US) has submitted an application for the listing of its new oral drug for HIV in China.

Takeda (TAK.US) has received approval from the U.S. FDA for Oxybate for the treatment of type 1 narcolepsy.

Previously, the product received breakthrough therapy designation and priority review designation from the FDA.

Domestic futures night market opens.

Butadiene rubber rose continuously by 2.27%, Shanghai crude oil rose continuously by 2.02%, ethylene glycol rose continuously by 1.94%, styrene rose continuously by 1.85%, and live pigs rose continuously by 1.85%.

YuTree Technologys Wang Xingxing is expected to have a net worth exceeding 20 billion.

On August 6, Yushu Technology released an announcement for its initial public offering and listing on the Science and Technology Innovation Board. The issue price is 150.80 yuan per share, with a total of 40.4464 million shares being issued, resulting in a total share capital of 404.5 million shares after the offering. Yushu Technology's initial market capitalization is nearly 61 billion yuan. The prospectus shows that prior to the offering, the founder Wang Xingxing directly and indirectly held a combined total of 33.3583% of the shares. Calculating this, Wang Xingxing's wealth reaches 20.35 billion yuan.

Blackstone's BDC (BXSL.US) saw a 94% plunge in profits in the second quarter, but the stability of loan quality offers a glimmer of hope in the darkness.

The publicly traded private credit fund Blackstone Mortgage Trust, a subsidiary of Blackstone Group, released its second-quarter earnings report on Thursday, stating that net profit plummeted 94% due to a decline in the valuation of held assets, though the quality of loans has shown signs of stabilizing.

The largest acquisition in the history of the electricity industry encounters regulatory obstacles! The Governor of Virginia will intervene in the merger of New Era Energy (NEE.US) and Dominion Energy Inc (D.US).

Virginia Governor Abigail Spanberger will intervene in the merger deal between New Era Energy and Dominion Energy, further adding to the uncertainty of what could become the largest acquisition in the history of the electricity industry.

New Share News | Sichuan Biokin Pharmaceutical (688506.SH) has submitted its application to the Hong Kong Stock Exchange, and its core product Yizekang has been approved for listing in June.

Baillie Tianheng was founded in 1996 and is a platform-driven biopharmaceutical group that primarily focuses on the discovery, development, and commercialization of innovative oncology and other therapies worldwide.

Selected announcements from A-shares | Yushu Technology (688836.SH): Initial public offering price of 150.8 yuan per share.

Yushu Technology announced on August 6 that the initial public offering price is 150.8 yuan per share.

Strong earnings fail to mask users' pain of "bleeding out" Peloton's (PTON.US) road to recovery disappoints the market.

Peloton's outlook on its path to revival is disappointing.

Warner Bros. Discovery (WBD.US) reported a 11% year-over-year decline in Q2 revenue, as streaming growth could not offset the downturn in traditional business. The UK has approved the Paramount acquisition case.

Warner Bros. Discovery (WBD.US) reported a significant decline in revenue for the second quarter.

SWIRE PROPERTIES (01972): It is expected that the lease renewal rental rate for office buildings in Hong Kong will narrow in the second half of the year, and there may be positive growth for Pacific Place next year.

Pang Guobang, the CEO of Swire Properties (01972), stated at the interim results meeting that the negative rental reversion rate for office buildings in Hong Kong narrowed in the first half of the year, and he expects it to continue to narrow in the second half of this year.

The market price of the eighth generation Wuliangye has continued to strengthen recently.

Market news indicates that the wholesale price of the eighth generation Wuliangye has recently continued to rise, drawing widespread attention. On a third-party pricing platform, it was observed that since August 4, the market wholesale price of the eighth generation Wuliangye has seen a significant jump, with the price per bottle climbing from the previous 730 yuan to 745 yuan. At the same time, the market prices in many provinces and cities across the country have also risen in tandem. There are market reports showing that the wholesale price of the eighth generation Wuliangye in markets such as Henan, Hebei, Shanghai, Sichuan, and Shandong has collectively breached 760 yuan per bottle, with the highest weekly increase exceeding 30 yuan per bottle. In response to the price increase, a distributor from Sichuan stated that this is mainly due to some adjustments in the company's channel policies, but clarified that it is definitely not a halt in supply.

Xu Zhengyu: The 4.25% guaranteed interest rate for silver bonds is attractive. The joint lead underwriters suggest subscribing for 20 to 30 lots.

Xu Zhengyu stated that the interest rate for the bonds was based on a basket of factors including market conditions, prices of similar products, and interest rates. The Hong Kong government is confident that the product is attractive.

Preview of US Stock Market | The three major stock index futures fluctuated. The guidance from SandDisk and Western Digital fell short of high market expectations, dragging down the stock prices of storage chip companies.

On August 6 (Thursday), ahead of the U.S. stock market opening, the three major U.S. stock index futures showed mixed performance.

AI demand has not cooled: United Microelectronics Corp. Sponsored ADR (UMC.US) saw its revenue soar 19% in July, confirming the expansion of computing power chains into mature processes.

As the global semiconductor sector experiences a sharp pullback due to concerns over de-leveraging and high valuations, the latest monthly sales data released by wafer foundry giant United Microelectronics Corporation (UMC) has provided a shot of fundamental support for panicking Wall Street investors.

MGM CHINA (02282) announced its interim results, with an attributable profit of approximately HKD 1.9 billion, a year-on-year decrease of 20.24%.

MGM China (02282) announced its interim results for 2026, with operating revenue of approximately HKD 17.392 billion, an increase of 4.39% year-on-year; profit attributable to company owners for the period was approximately HKD 1.9 billion, a decrease of 20.24% year-on-year; basic earnings per share were HKD 0.501, and the interim dividend was HKD 0.25 per share.

The China Securities Association convened a meeting of the chairpersons of the International Business Committee (expanded) to discuss a series of key research directions for the second half of the year.

On August 3, the Enlarged Meeting of the International Business Professional Committee of the China Securities Association was held in Beijing.

The Financial Times in the UK mentioned in an article that informed sources revealed that if the inflation data released in the coming weeks shows strong performance, and the market's expectations for rising borrowing costs increase, Fed Chair Waller will be prepared to raise interest rates at the September meeting.

The wave of resistance against AI data centers has spread to India, and Alphabet Inc. Class C (GOOGL.US) $15 billion project is caught in an environmental crisis.

Google's $15 billion project to build data centers in India is facing legal challenges related to water resources and wildlife.

The China Securities Association held a meeting of the Chairpersons of the International Business Committee.

The International Business Professional Committee of the China Securities Association held a chair meeting on August 3 in Beijing. The meeting focused on the goal of accelerating the construction of first-class investment banks and investment institutions with Chinese characteristics, and reported on the phased progress made in the first half of the year regarding key works promoted by the committee, such as "data cross-border" and "funds cross-border." It centralized discussions on a series of key research directions for the second half of the year, including development paths and models of international large comprehensive investment banks, development of international boutique investment banks and specialty service providers, overseas investment banks' internationalization strategies and management models, functional roles of overseas securities companies, regulatory systems for international securities operating institutions, and how securities companies can leverage pilot free trade zones to achieve high-quality development. Moving forward, the committee, with the support and guidance of regulatory authorities, will be guided by the spirit of the "14th Five-Year Plan" to continuously and deeply implement the relevant work arrangements for "promoting the acceleration of building first-class investment banks and investment institutions with Chinese characteristics," to generate high-quality industry research results and policy recommendations, transform from "identifying problems" to "solving problems," effectively addressing challenges and delivering practical outcomes for the industry, and pushing the internationalization of the securities industry to a new level.

For the first time in 78 years, a loss has "forced" historic outsourcing, as Honda (HMC.US) collaborates with Tata Technologies to implement cost reduction and efficiency improvements for new vehicles.

According to informed sources, Honda has outsourced the development project for its new vehicle series to Tata Technologies Ltd. This marks the first time the Japanese automaker has entrusted an Indian engineering services company to create an end-to-end platform, aimed at significantly reducing costs.

Ge Weidong increases investment in storage chip leader Zhaoyi Innovation.

An announcement released by Zhaoyi Innovation shows that as of July 31, Ge Weidong and Wang Ping hold 16.4467 million shares and 8.5999 million shares of the company, respectively, accounting for 2.34% and 1.23% of the total shares. Compared to the end of the first quarter, when they held 16.2616 million shares and 7.5732 million shares, their holdings have increased by 185,100 shares and 102,670 shares, respectively. According to public information, Ge Weidong is the head of Chao Wen Investment and a well-known investor, and Wang Ping is related to him by marriage.

SoftBank (SFTBY.US) ramps up its AI gamble again! Mortgages OpenAI shares to secure a $10 billion loan.

SoftBank has secured a $10 billion margin loan backed by its stake in the American artificial intelligence (AI) giant OpenAI, marking another significant financing move as the company aggressively bets on the AI sector.

The new batch of silver bonds in Hong Kong can be subscribed to starting from August 21, with a maximum issuance amount of HKD 55 billion and a guaranteed interest rate of 4.25%.

On August 6th, the Hong Kong government announced details of a new batch of silver bonds for sale.

Hong Kong Rating and Valuation Department: In June, the number of completed private residential units in Hong Kong was 3,532, a 3.37 times increase compared to the previous month.

In June, the number of private residential completions in Hong Kong was 3,532 units, a month-on-month increase of 2,723 units or 3.37 times. The total completions for the first half of the year amounted to 7,914 units, a year-on-year decrease of 2,149 units or 21.36%, accounting for approximately 46.6% of the annual forecast of 16,975 units.

Northbound funds | Northbound trading saw a net sell of 1.461 billion. MINIMAX (00100) officially enters the Stock Connect. Northbound investors rushed to buy nearly 2.7 billion Hong Kong dollars throughout the day.

On August 6th, the Hong Kong stock market saw a net sale of 1.461 billion Hong Kong dollars from northbound capital. Among them, the northbound trading quota (Shanghai) had a net purchase of 3.257 billion Hong Kong dollars, while the northbound trading quota (Shenzhen) recorded a net sale of 4.718 billion Hong Kong dollars.

Jack Ma's Rare Announcement on Overseas Investment Layout

On August 6, it was reported that Alibaba founder Jack Ma made a rare overseas investment arrangement in recent yearshis Yunfeng Fund participated in the investment of the AI insurance startup Corgi based in San Francisco, USA. This marks the first known deal in the United States for Yunfeng Fund, which has previously focused its investment portfolio primarily on the Chinese market. In this round of financing, Yunfeng Fund invested approximately $30 million in Corgi, becoming one of the investors in the company.

In July, the number of layoffs reported by Challenger, Gray & Christmas, Inc. in the United States decreased by 46.1% year-on-year. The number of layoffs in July was 33,429, down from 45,849 in the previous period.

Negotiations for the navigation of the Strait of Hormuz are progressing as Saudi Arabia reduces crude oil prices for Asia.

Saudi Arabia has lowered its main crude oil prices for exports to Asia.

The recovery signal from the "European economic locomotive" is clear! In June, Germany's factory orders unexpectedly increased by 3.1%, driven by spending on defense and infrastructure.

Germany's factory orders in June grew more than economists expected.

People's Bank of China: The central banks of China and Argentina have renewed their bilateral local currency swap agreement.

With the approval of the State Council, the People's Bank of China and the Central Bank of Argentina recently renewed their bilateral currency swap agreement, with a swap amount of 130 billion RMB/280 trillion Argentine pesos. The agreement is valid for five years and can be extended by mutual consent.

The Cyberspace Administration has initiated a cybersecurity review of the products sold by Paitec Company in China.

The Office of Cybersecurity Review conducts cybersecurity reviews of products sold in China by Palo Alto Networks in accordance with the Cybersecurity Review Measures.

"AI Stock God" returns to the battlefield after falling from grace: Ashenbrenner Fund underwent a 67% plunge in July and is now deleveraging, with a $400 million bet on private companies.

A few days after the hedge fund Situational Awareness under his management faced imminent collapse due to high leverage, "AI stock god" Leopold Aschenbrenner has returned to the investment market.

The Cybersecurity Review Office conducts a cybersecurity review of the products sold by Platou Company in China.

To ensure the secure and stable operation of critical information infrastructure, prevent cybersecurity risks and hidden dangers, and maintain national security, the Cybersecurity Review Office conducts a cybersecurity review of the products sold by the company in China in accordance with the "National Security Law of the People's Republic of China," the "Cybersecurity Law of the People's Republic of China," and the "Measures for Cybersecurity Review."

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