Core Viewpoint - Tencent's market capitalization has reached a new high of 5 trillion HKD, driven by the integration of AI technology with its core business, resulting in significant growth momentum [1][5]. Group 1: Financial Performance - Tencent ranked 32nd in the 2025 Fortune China 500 list, improving by 6 places from the previous year, with a net profit exceeding 26.9 billion USD, placing it 6th in the profit ranking [4]. - In Q1 2025, Tencent reported revenue of 1800.2 billion CNY, a year-on-year increase of 13%, with gross profit of 1004.9 billion CNY, up 20% [13]. - The company’s R&D expenditure reached 706.9 billion CNY for the year, with a cumulative investment of 340.3 billion CNY over seven years [12]. Group 2: AI Strategy and Developments - Tencent has heavily invested in deep learning models since the second half of last year, launching its self-developed models, including the Tencent Mixed Yuan Deep Thinking Model T1 and TurboS [6]. - The AI assistant "Yuanbao" was launched on WeChat, allowing users to interact directly within the chat interface [9]. - The daily active users of Yuanbao surged over 20 times from February to March, making it the third-ranked AI-native mobile application in China [8]. Group 3: Business Segments and Growth - AI has become a key growth driver across Tencent's three main business segments: gaming revenue increased by 24%, advertising revenue grew by 20%, and financial technology and enterprise services revenue rose by 5% [11]. - Tencent's capital expenditure has seen a significant increase, with a year-on-year growth of 221%, reaching a historical high of 76.7 billion CNY [12]. Group 4: Market Activity and Future Outlook - Tencent has been a leader in share buybacks in the Hong Kong market, with a total buyback amount exceeding 40 billion HKD this year, marking a significant increase from previous years [15]. - The company plans to repurchase at least 80 billion HKD worth of shares in 2025, reflecting its commitment to returning value to shareholders [15].

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, with spot gold reaching nearly $3,400 per ounce and experiencing fluctuations around this level in July 2023 [1][3] - The Shanghai Gold Exchange issued a notice on July 23, 2023, urging member units to enhance risk awareness and prepare for market volatility, indicating a cautious approach to market stability [1] - Retail gold jewelry prices have also increased, with major brands adjusting their gold prices by 8 yuan per gram, reflecting the impact of rising gold prices on consumer behavior [1] Group 2 - The World Gold Council reported that gold was one of the best-performing asset classes in the first half of 2025, with a price increase of nearly 26% and multiple record highs reached [3] - The sustained strength of gold prices is attributed to global geopolitical dynamics and macroeconomic conditions, with rising market risk aversion driving demand for gold as a safe-haven asset [3]

Core Viewpoint - The article highlights the global debut of the culinary IP "Chinese Banquet," which aims to promote Chinese food culture and enhance international understanding of Chinese traditions through a cultural exchange event in Thailand [1][3][5]. Group 1: Event Overview - The "Chinese Banquet" event was launched in Bangkok, featuring over 50 guests from various sectors, including government, business, and academia, showcasing the rich cultural heritage of Chinese dining [1][7]. - The event included a tasting of Sino-Thai fusion dishes, emphasizing the dialogue between civilizations and the cultural confidence of China [1][3]. Group 2: Cultural Significance - The initiative is part of a broader effort to promote traditional Chinese culture abroad, with a focus on achieving cross-cultural resonance through the "Chinese flavor" [3][5]. - The event coincides with the 50th anniversary of diplomatic relations between China and Thailand, highlighting the vitality of cultural exchanges between the two nations [5][7]. Group 3: Culinary Heritage - Chinese culinary culture is described as a refined civilization developed over 5,000 years, with a strong emphasis on quality and craftsmanship in both food and drink [5][14]. - The "Chinese Banquet" serves as a platform to showcase the non-material cultural heritage of Chinese cooking techniques and customs, fostering cultural integration between China and Thailand [8][14]. Group 4: International Expansion - The article notes that the internationalization of Chinese liquor, particularly Yanghe's "Dream Blue," has become essential, with products now available in over 80 countries across six continents [12]. - The "Dream Blue Handcrafted Class" series has previously held events in various countries, gaining popularity among overseas consumers and enhancing the brand's global presence [12][14].

Market Overview - The A-share market experienced a slight increase in the Shanghai Composite Index by 0.01% while the Shenzhen Component Index and the ChiNext Index fell by 0.37% and 0.01% respectively. The total market turnover was approximately 1.9 trillion yuan, a decrease of 30.3 billion yuan compared to the previous trading day [1]. Sector Performance - The A-share market saw a rotation of hotspots, with pharmaceutical-related concepts such as beauty care and medical services performing well, alongside major financial sectors like insurance and securities [3]. - The infrastructure sector, which had surged in the previous days, showed signs of divergence today. Leading stocks like Dongfang Electric and Tibet Tianlu remained strong, while popular stocks like Sany Heavy Industry and Conch Cement turned downward [4]. Company Highlights - Dongfang Wealth (300059) led the A-share market in terms of trading volume and net inflow of main funds, with a trading volume exceeding 19 billion yuan and a net inflow of over 980 million yuan [6][9]. - On July 18, Dongfang Wealth announced that shareholder Shen Yougen planned to transfer approximately 159 million shares, accounting for 1% of the company's total share capital, due to personal funding needs [11]. - The inquiry transfer price for the shares was preliminarily set at 21.66 yuan per share, with full subscription from 17 institutional investors [12]. Sector Analysis - The securities sector showed strength today, with leading stocks such as Guosen Securities and Guosheng Financial Holdings leading the gains [7]. - Guosen Securities rose by 5.14%, while Guosheng Financial Holdings increased by 4.98% [8]. Beauty and Personal Care Sector - The beauty care sector strengthened in the afternoon, with stocks like Jiaheng Jiahua and Runben shares hitting the daily limit [14]. - Jiaheng Jiahua has obtained production licenses for mosquito repellent products and aims to provide one-stop services in the cosmetics field [16]. - Runben's revenue from mosquito repellent products exceeded 400 million yuan in 2024, marking a 35.39% increase from 2023 [18]. - According to Guotai Junan Securities, beauty care products are highly sensitive to new demand changes, making them a key growth area in the new consumer landscape [18].

王昌林表示，1978年12月18日，党的十一届三中全会开启了改革开放和社会主义现代化的伟大征程。在 12月18日这一天启动封关运作，具有重要象征意义，也是向世界展示我国坚定不移扩大高水平开放的决 心和信心。接下来还有几个月时间，我们将抓紧做好后续准备工作，帮助经营主体充分了解封关政策、 开展相关业务测试。 来源：新华社 记者：魏玉坤、张晓洁；海报制作：栾若卉 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 新华社权威快报| 2025年12月18日海南自贸港全岛封关正式启动 国家发展改革委副主任王昌林7月23日在国新办发布会上表示， 关于海南自贸港封关的具体时间，经党 中央批准，定于2025年12月18日正式启动。 万达，再卖资产 金价大涨！ ...

Core Viewpoint - WeChat has initiated a gray test for a new voice-to-text feature, allowing users to convert spoken words into text automatically in chat, enhancing user convenience and efficiency [1][2]. Group 1: Voice Input Feature - The new voice input button appears in the chat interface after updating to version 8.0.61 (iOS) and allows real-time conversion of speech to text [1][2]. - Users must say "over over" to send the converted text, which is designed for hands-free scenarios like driving or cooking [3]. - Some users find the requirement to say "over" as a trigger inconvenient and suggest allowing customizable commands [3]. Group 2: Additional Features - WeChat is also testing a feature to back up chat records to external storage devices, such as USB drives and external hard drives, to alleviate mobile storage issues [4].

Core Viewpoint - The A-share market is experiencing a bullish trend, with the Shanghai Composite Index surpassing the 3600-point mark for the first time since October 2022, indicating a potential upward momentum in the market [1][10]. Market Performance - As of the midday close, the Shanghai Composite Index reported 3608.58 points, up 0.75%, while the Shenzhen Component and ChiNext Index rose by 0.31% and 0.72%, respectively [1]. - The total trading volume in the Shanghai, Shenzhen, and North markets reached 11,595 billion [1]. Sector Analysis - The large infrastructure sector is a significant driver of the current index rise, particularly following the commencement of the Yarlung Tsangpo River downstream hydropower project [4]. - The Yarlung Tsangpo hydropower concept index surged over 6%, with companies like China Railway Construction and China Power Construction hitting the daily limit [4]. - The black metal and new energy-related commodities have seen substantial price increases, with polysilicon and coking coal futures reaching their daily limits [5][6]. Stock Highlights - Notable stock performances include: - China Railway Construction: +20.07% [5] - Deepwater Survey Institute: +20.02% [5] - China Power Construction: +1.08% [5] - Huaneng Cement: +10.03% [5] - The steel sector, represented by the Shenwan Steel Index, rose over 1.6%, with companies like Liugang and Jiuquan Iron & Steel hitting the daily limit [6]. Broker Performance - The brokerage sector, often seen as a market leader, also showed strong performance, with Guosheng Securities hitting the daily limit and other firms like Guotai Junan and Huatai Securities following suit [8]. Investment Strategy - According to the strategy team at China Merchants Securities, the current market rally is supported by a positive feedback mechanism of capital inflow, with the Shanghai Composite Index breaking through key resistance levels [10]. - The upcoming peak in earnings forecasts for listed companies in mid-July is expected to be a focal point for investment strategies, with recommendations to focus on sectors such as electronics, machinery, pharmaceuticals, defense, and metals [10].

Core Viewpoint - The article highlights the success of the Chinese AAA game "Mingmo: Yuanshu Zhi Yu," which topped the Steam sales chart shortly after its release, indicating a growing market for Chinese-developed games and their potential in the global gaming industry [1][10]. Group 1: Game Details - "Mingmo: Yuanshu Zhi Yu" is priced at 248 yuan, with a deluxe version at 298 yuan, set to officially launch on July 24 [2]. - The game is categorized as a "Souls-like" action game, similar to "Black Myth: Wukong," and features a fictional story set in the late Ming Dynasty [5][6]. - The narrative follows a character named Wuchang, a memory-lost female hero, during a tumultuous period in Chinese history [6]. Group 2: Company Background - The game is developed by Chengdu Lingze Technology Co., Ltd., founded in 2016, which has focused on integrating cutting-edge technology with cultural elements [6]. - Lingze Technology initially relied on outsourcing for AAA game development to accumulate funds for their own projects, including "Mingmo: Yuanshu Zhi Yu" [6][8]. - The company is controlled by Jiang Min, who holds approximately 42.60% of the shares, indicating a lack of external institutional investment [6]. Group 3: Market Potential - The success of "Black Myth: Wukong," which sold 10 million copies in four days and 15 million in seven days, has set a precedent for future Chinese AAA titles [10]. - The article notes that the domestic gaming market is witnessing a continuous increase in user engagement and spending capacity, suggesting a robust future for AAA game development in China [10]. - By 2024, the scale of self-developed Chinese games reaching overseas markets is projected to reach $18.557 billion, accounting for about 11% of the global gaming market, indicating significant room for growth [14].

Market Performance - US stock indices showed mixed results on July 22, with the Dow Jones Industrial Average rising by 0.4%, the Nasdaq index falling by 0.39%, and the S&P 500 increasing by 0.06% [4][5] - Nvidia's stock dropped over 2%, resulting in a market value loss of $106.14 billion (approximately ¥761.564 billion) [1][6] Chinese Concept Stocks - The Nasdaq China Golden Dragon Index surged by 1.70%, reaching a new high since March 2023 [9][10] - Notable gains in Chinese concept stocks included Daqo New Energy rising over 16%, NIO increasing by more than 10%, and Pony.ai up over 8% [9][10] Commodity Market - Gold prices reached over $3430 per ounce, with the highest recorded at $3433.49 per ounce, marking a significant increase [14][15] - Silver prices also hit a new high since September 2011, reaching $39.306 per ounce [15] - In the domestic market, black commodity futures generally rose, with coking coal futures hitting the daily limit and coking futures increasing by over 5% [22][24] Oil Market - International crude oil prices continued to decline, with WTI and Brent crude futures down by 0.76% and 0.56%, respectively [19][21] - Analysts noted that while demand is not expected to decrease, increased supply may pressure prices further [21]

Group 1 - The Shanghai Stock Exchange and China Securities Index Company announced the launch of the Shanghai Stock Exchange Science and Technology Innovation Board Private Enterprise Index and the Shanghai Stock Exchange Science and Technology Innovation Board Private Enterprise 50 Strategy Index, providing performance benchmarks and investment targets for the private enterprise sector in the Sci-Tech Innovation Board [1][10] - The Civil Aviation Administration of China has approved the delivery of the V2000CG Kai Rui Ou, the world's first eVTOL aircraft with "three certificates" (TC, PC, and AC), marking a significant milestone in the eVTOL industry [2][16][21] Group 2 - The People's Bank of China reported that by the end of Q2 2025, the balance of RMB loans from financial institutions reached 268.56 trillion yuan, a year-on-year increase of 7.1% [4] - The balance of real estate loans was 53.33 trillion yuan, with a year-on-year growth of 0.4%, while personal housing loans saw a slight decline of 0.1% [4] - The National Data Bureau is accelerating the construction and application of high-quality data sets to promote the marketization and valuation of data elements [5][7] Group 3 - The Ministry of Industry and Information Technology reported that by the end of June 2025, the total number of mobile phone users reached 1.81 billion, with 5G users growing rapidly to 1.12 billion, accounting for 61.8% of total mobile phone users [9] - The Shanghai Municipal Economic and Information Commission issued a development action plan for the next-generation display industry, aiming to create a complete industrial chain and enhance competitiveness by 2030 [8] Group 4 - The issuance of panda bonds by international development institutions has surpassed 1 trillion yuan, with over 90 institutions participating [10] - Public funds reported their top ten heavy stocks, with Tencent Holdings leading at a market value of 59.156 billion yuan [11] - The China Life Group reported a significant increase in insurance coverage and investment in the equity market, with total assets exceeding 8 trillion yuan [12] Group 5 - The Zhengzhou Commodity Exchange launched propylene futures and options, marking a significant development in the chemical industry [11] - The announcement of the first eVTOL aircraft delivery signifies a breakthrough in the commercial application of eVTOL technology [16][21]