Evening hot spots in A shares | CSRC speaks again! Comprehensive measures to fully maintain the stable operation of the market and enhance the resilience of the capital market.

Evening heavyweight news overview 1. The Securities Regulatory Commission speaks out! Comprehensively implement measures to ensure the stable operation of the market and enhance the resilience of the capital market Importance: On July 23, the China Securities Regulatory Commission held a symposium on party building and regulatory work. The meeting pointed out the importance of comprehensively implementing measures to ensure the stable operation of the market and enhance the resilience of the capital market. They will implement counter-cyclical adjustments more accurately and effectively, promote the steady increase in the scale and proportion of medium and long-term funds entering the market, and strengthen policy reserves to deal with global market volatility and cross-border transmission of risks. They will also deepen reforms to enhance the inclusiveness and adaptability of the system. They will implement various measures for comprehensive reform of investment and financing, and better utilize the functions of the stock, fund, bond, and futures markets. They will crack down on illegal activities such as financial fraud, insider trading, and market manipulation. 2. Changxin Technology will be listed next Monday! Foreign investors are betting on how "high it will rise" in the crypto market Importance: This evening, Changxin Technology announced that the company's stock will be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 27, 2026 (next Monday), with the stock code 688825. According to the latest data from the decentralized derivative exchange Hyperliquid, the latest price of Changxin Storage perpetual contracts launched by the cryptocurrency startup Trade.xyz is close to $6.5 per share. At this price, the valuation given to Changxin by speculators in the crypto market has exceeded 2.9 trillion RMB. 3. Ministry of Commerce: China and the United States are currently seeking opinions on tariff reduction arrangements and will push for implementation as soon as possible Importance: During a press conference held on the 23rd, Meng Hua-ting, Director of the Department of Foreign Investment at the Ministry of Commerce, responded to questions regarding the progress of the establishment of the trade council and investment council between China and the United States. She said that the economic and trade teams of both China and the United States are maintaining close communication on the specific arrangements for the structure, functions, and operational mode of the trade council, and are discussing the promotion of a framework for equal tariff reduction of their respective $300 billion scale. China is seeking opinions from domestic enterprises, industry associations, local governments, American business associations, and other stakeholders on the relevant tariff reduction arrangements, while the United States is soliciting public comments on the trade council and equal tariff reduction arrangements. The two sides will maintain close communication, finalize specific product tariff reduction arrangements as soon as possible, and further expand bilateral trade. 4. The People's Bank of China: Will conduct a 500 billion yuan MLF operation on July 24 to maintain ample liquidity in the banking system Importance: The People's Bank of China: To maintain ample liquidity in the banking system, on July 24, 2026, the People's Bank of China will conduct a 500 billion yuan MLF operation with a one-year term using a fixed quantity, interest rate tender, and multiple price bid method. China Securities Co., Ltd. believes that the convergence of funds in the past week is a short-term mismatch between the easing injection by the central bank and temporary funding disturbances, rather than a trend of systemic liquidity tightening. The improvement in bank liability structure and the stability of the medium to long-term liquidity fundamentals are currently sound. 5. SOE continues market support effort! Southern Power Grid releases major positive news involving four listed companies under its banner Importance: Since the implementation of the new "Nine Articles of the State," China's capital market has shown an overall trend of stable and positive development. Southern Power Grid Company firmly believes in the long-term development prospects of China's capital market, resolutely implements the State-owned Assets Supervision and Administration Commission's deployment to improve the quality of listed companies, fulfills the responsibility of central enterprises, actively stabilizes market expectations, and safeguards the legitimate rights and interests of investors. The company fully recognizes the industrial value and growth potential of China Southern Power Grid Energy Storage, China Southern Power Grid Energy Efficiency & Clean Energy, CSG Digital Power Grid Research Institute, and China Southern Power Grid Technology, four holding listed companies. Each enterprise has outstanding competitive advantages and stable operation. The company will continue to empower the development of listed platforms, support listed companies in carrying out various market value management work in accordance with regulations, and assist in the smooth and healthy operation of the capital market. 6. State Council: Strengthen the construction of fitness facilities and use artificial intelligence to empower the development of national fitness Importance: The State Council recently issued the "National Fitness Plan (2026-2030)", deploying high-quality development of national fitness during the "14th Five-Year Plan" period. The plan proposes to further strengthen the construction of fitness facilities around the masses, carry out a rich variety of mass sports events, and use artificial intelligence to empower the development of national fitness. Opportunities to watch early Market attention on investment opportunities identified by self-selected brother includes areas of brain-machine interface and computing power. 1. China makes a major breakthrough in brain-machine interfaces! With a market size of tens of billions of dollars, institutions are optimistic about three investment themes Yesterday afternoon, a Chinese research team announced a new type of brainwave collection device that achieved synchronous brainwave data collection from thousands of people across different regions globally for the first time. This marks a crucial step in the development of large neural models and general brain-machine interface technologies. The research team explained that achieving synchronous collection from thousands of people across regions overcame two major technical challenges: ensuring signal collection accuracy while miniaturizing the devices, and overcoming network latency effects to achieve precise alignment between multiple devices and regions in milliseconds for unified analysis of different brainwave signals. Zheshang suggests focusing on companies in different technological fields: 1) companies in the invasive field, such as Hangzhou Biotest Biotech, Sanbo Hospital Management, Ladder Medical, Brain Tiger Technology, MeHow Innovative, Medprin Regenerative Medical Technologies, etc.; 2) companies in the semi-invasive/interventional field, such as Heart Weiyi Medical's scale clinical trials and Borui Kang's progress in listing and commercialization; 3) companies in the non-invasive field in medical scenarios, such as Xiangyu Medical, Nanjing Vishee Medical Technology Co., Ltd, Chengyi Tong, Innovative Medical Management, Nanjing Medlander Medical Technology, Jiangsu Apon Medical Technology, and Strong Brain Technology in the consumer scenario. In addition, the following sectors are also worth noting: 2. Computing Power | Beijing: Encouraging the development of Token (cymic) economy, increasing support for computing power vouchers, etc. 3. Gaming | 197 game approvals granted in July, totaling 1147 approvals for this year. 4. Consumption | Ministry of Commerce: Will implement the "15th Five-Year Plan" for expanding consumption, promoting service consumption in multiple aspects to improve quality and benefit the people. 5. Data Centers | SpaceX plans to build a data center in Texas, with a scale potentially larger than the Memphis infrastructure. Positive and negative announcements by listed companies In terms of positive announcements, watch for events like the share buyback plan by Shenzhen Longsys Electronics. As for negative announcements, pay attention to events like shareholdings reduction by JHT Design Co.,Ltd. Slightly Positive Announcements 1. Shenzhen Longsys Electronics: Controlling shareholders propose a 400 million to 800 million yuan share buyback plan. 2. Yunnan Lincang Xinyuan Germanium Industry: Subsidiary signs a 570 million to 855 million yuan indium phosphide chip supply agreement. 3. Huaan: Plans to use 100 million to 200 million yuan to repurchase shares. 4. Shaoxing Xingxin New Materials: Plans to repurchase company shares worth 50 million to 100 million yuan. 5. Shenzhen Lions King Hi-Tech: Plans to repurchase shares worth 50 million to 100 million yuan. Slightly Negative Announcements 1. JHT Design Co.,Ltd.: Shareholder Suno Investment reduced its total share capital by 1.21% on July 22. 2. Hwa Create Corporation: Prohibited from participating in procurement activities in special fields within 30 months starting from July, which is expected to have a negative impact on the company. 3. Shenzhen Sine Electric: Director Zhang Xiaoguang reduced his shareholding by 0.98%. 4. Essence Fastening Systems: Shareholders Taizhou Yuwei and Taizhou Wenchao reduced their holdings by 0.85% and 0.16%, respectively. 5. LUSTER LightTech: Shareholder Fulian Yuzhan has accumulated a reduction of 0.62%. This article is republished from "Tencent Self-Selected Stocks," GMTEight editor: Xu Wenqiang.