Core Viewpoint - The article discusses the rising trend of domestic AAA games in China, highlighting the success of the game "Mingmo: Yuanshu Zhi Yu" on the Steam global sales chart and the potential for future growth in the AAA game market [1][5]. Group 1: Game Performance and Market Trends - "Mingmo: Yuanshu Zhi Yu" has reached the second position on the Steam global sales chart, only behind the independent game "PEAK" [1]. - The game shares similarities with "Black Myth: Wukong," both being action games with a "Souls-like" DNA, characterized by high difficulty and high rewards, which can stimulate player engagement [3]. - The AAA game market in China is projected to grow significantly, with estimates of reaching 13.3 billion yuan in 2025 and 16.9 billion yuan in 2026, indicating a compound annual growth rate (CAGR) of 35% [5]. Group 2: Cultural Integration and Innovation - Domestic game developers are increasingly focusing on integrating local culture into their AAA game projects, as seen in titles like "Guitang" by NetEase and others that draw from rich historical narratives [4]. - The development of "Mingmo" reflects a commitment to using traditional culture as a digital medium, with the team behind it having extensive experience in the gaming industry [3][4]. Group 3: Industry Support and Future Outlook - Recent policy measures in China emphasize the support for AAA games, aiming to cultivate projects with strong cultural attributes and growth potential [4]. - Despite concerns about the high development costs of AAA games compared to mobile games, the industry is expected to continue evolving, with companies building expertise to enhance market competitiveness [5].

Core Viewpoint - The article discusses the increasing investments by major internet companies in the field of embodied intelligence, highlighting the competitive landscape and the strategic moves made by companies like JD.com, Meituan, Alibaba, and Tencent [3][7][12]. Investment Activities - JD.com announced leading investments in three embodied intelligence companies, including Qianxun Intelligent, Zhongqing Robotics, and Zhujidi Power, indicating a strong commitment to this emerging sector [3][4]. - Zhongqing Robotics completed a Pre-A++ and A1 round of financing, raising nearly 1 billion yuan, with a current valuation of approximately 4.5 billion yuan [4]. - Qianxun Intelligent raised about 600 million yuan in its Pre-A+ round, bringing its total funding to nearly 1.4 billion yuan since its establishment [5][6]. - Zhujidi Power, founded in January 2022, received strategic investment from JD.com, focusing on humanoid robot systems and development tools [6]. Market Trends - The competition in the embodied intelligence sector is intensifying, with major players like Meituan, Alibaba, and Tencent also making significant investments and partnerships [10][11]. - JD.com is positioning itself to leverage embodied intelligence for enhancing its supply chain and logistics capabilities, with a notable increase in sales of intelligent robots during the 618 shopping festival [10][12]. - The article notes that the market for AI toys is expected to grow rapidly, with JD.com aiming to capture this segment by integrating intelligent systems into traditional toys [9][10]. Strategic Focus - JD.com is establishing a dedicated department for embodied intelligence, exploring various applications and collaborations with leading robotics brands [8][9]. - The company aims to create a technology innovation ecosystem through both internal development and external investments, focusing on supply chain scenarios [8][12]. - Other internet giants are also exploring collaborations and investments in embodied intelligence to maintain their technological edge and adapt to potential disruptions in their core businesses [12].

Macro News - The State Council of China has announced the "Housing Rental Regulations," effective from September 15, 2025, which stipulates that landlords must specify the deposit amount, refund time, and conditions for deduction in rental contracts [5][6] - The Ministry of Foreign Affairs confirmed that a Wells Fargo executive has been prohibited from leaving China due to involvement in a criminal case, and she is required to cooperate with the investigation [5] Industry News - The implementation details for the cross-border asset management pilot in Hainan Free Trade Port have been released, allowing foreign investors to invest in various financial products issued by financial institutions in Hainan [8] - Guangdong and Anhui provinces are taking steps to enhance product quality management and optimize payment processes in the new energy vehicle industry, with commitments from major automakers to limit supplier payment terms to no more than 60 days [8] - JD.com has led investments in three robotics companies, indicating a trend among major tech firms like Meituan, Alibaba, and Tencent to accelerate their investments in embodied intelligence [8] - The food delivery sector is experiencing a new round of subsidy wars, which, while beneficial to consumers in the short term, may pose long-term risks to the industry's health [9] - Chengdu's housing and urban-rural development bureau has issued measures to promote stable and healthy development in the real estate market, covering 17 initiatives [11] - Hangzhou's Science and Technology Bureau is seeking opinions on a plan to increase technology innovation investment to 300 billion yuan by 2027, with R&D spending exceeding 100 billion yuan [11] Company News - Dongfang Fortune announced that shareholder Shen Yougen has set a preliminary transfer price of 21.66 yuan per share [13] - Fuxin Technology reported that its MicroTEC products for 400G/800G high-speed optical modules have entered mass production [14] - Yanghe Distillery has elected Gu Yu as the new chairman [14] - Haitai Ruisheng expects a net profit increase of 607%-961% year-on-year for the first half of the year [15] - Dongcai Technology's chairman plans to reduce his stake by no more than 0.43% [16] - Gaode Infrared signed contracts worth 685 million yuan for domestic procurement of complete equipment systems and a specific model of optical systems [16] - China Power Construction announced new contracts worth 686.7 billion yuan in the first half of the year, a year-on-year increase of 5.83% [17] - Anning Co. has released a draft for a major asset purchase plan, intending to invest 6.5 billion yuan for restructuring [18] - ST Suwu announced that its subsidiary Regen has requested the cancellation of exclusive distribution rights for a product in mainland China [18] - Liangpinpuzi is suing its controlling shareholder for the transfer of 79.76 million shares at 12.42 yuan per share [19] - Shenghong Technology is planning to issue H-shares overseas and list on the Hong Kong Stock Exchange [19] - BYD announced a proposed stock dividend of 10 for 8 and a 12-for-10 share conversion, with the A-share registration date set for July 28, 2025 [19] - Dongfang Precision Engineering has signed a strategic cooperation agreement with Leju Robotics [20] - Jiangte Electric has announced plans for a change in control, leading to a stock suspension [21] - Youfang Technology intends to sign a 4 billion yuan server procurement contract for cloud computing services [21] - Galaxy Electronics is facing criminal charges related to bribery involving its subsidiary [22]

美东时间周一， 标普500指数和纳斯达克指数收盘创下历史新高，主要受谷歌A和其他大盘股 的提振。 本周投资者将聚焦七巨头的财报，并等待贸易谈判的进展。 随着美国总统特朗普设定的8月1日关税最后期限临近，这将对美股牛市构成重大考验。标普 500指数今年以来上涨了约8%，投资者押注关税造成的经济损失将比人们担心的要小。 美国商务部长卢特尼克上周日对与欧盟达成协议表达了乐观态度。"我相信我们能达成协议， 这对美国来说将是件好事，因为总统是美国的坚强后盾。" 但欧盟外交官员透露，由于与美国政府达成可接受贸易协议的前景愈发黯淡，欧盟正在酝酿更 为广泛的反制措施。 与此同时，特朗普政府继续对鲍威尔施加压力，美国众议院议员Anna Paulina Luna周一向司 法部提出刑事指控，声称美联储主席鲍威尔两次作伪证。 市场动态 截至收盘，道指跌19.12点，跌幅为0.04%，报44323.07点；纳指涨78.52点，涨幅为 0.38%，报20974.17点；标普500指数涨8.81点，涨幅为0.14%，报6305.60点。 特朗普威胁要对从墨西哥和欧盟进口的商品征收30%的关税，并致函加拿大、日本和巴西等 其他贸易伙伴，设定 ...

微软上周末发布紧急公告称，政府机构和企业用于共享内部文件的服务器软件可能受到黑客 的"活跃攻击"，并建议客户应立即进行安全更新。 近日微软的SharePoint服务器软件被曝存在严重的安全漏洞，正遭到黑客的持续攻击，据 悉，该软件广泛应用于政府机构和企业内部文件共享。 而截至目前，全球攻击已入侵了美国 联邦和州政府机构、大学、能源公司和一家亚洲电信公司。 微软方面最新表示，它已经发布了一个新的安全补丁，供客户应用到他们的SharePoint服务 器上，以减轻针对本地服务器的主动攻击。该公司还补充道，它正在努力推出其他补丁。 "零日攻击" 以下文章来源于创业板观察 ，作者周子意 创业板观察 . 创业板观察致力于发布深交所创业板的市场发展、政策变化、监管导向、上市企业动态等的及时信息， 提供有价值的市场资讯。 据最早的一篇报道称，不明身份的攻击者在过去几天内利用漏洞对全球各地的目标发动了攻 击，这次攻击被称为"零日攻击（zero day attack）"，因为它利用了一个此前未知的漏洞。 微软发言人则回应道，"我们一直在与CISA、国防部网络防御司令部和全球主要网络安全合作 伙伴密切协调。" 白宫授权的负责调查重 ...

每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、 高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前寻找到投资热点， 防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 前言 ①光模块+铜缆高速连接+芯片+华为！这家公司SR数通光模块完成开发及多平台验证，高速铜缆系列产品 已实现小批量交付；②水利+海洋经济+抽水蓄能+人工智能！这家公司具有水利行业甲级资质且在多项大 型水利工程积累丰富经验；③人形机器人+可控核聚变+多模态AI+军工！公司与乐聚机器人合作并聚焦具 身智能机器人。 ...

一旦成为"职业背债人"，将面临诸多风险隐患： 一是承担高额债务。 背债人作为借款人，需依法偿还全部本金及利息，逾期未偿还将面临催 收、罚息，甚至被起诉。从实际案例看，背债人到手的"背债费"只是贷款金额的一部分，大量 资金被不良中介和不法人员瓜分，而背债人却要背负远超自身所得的债务。 二是个人信用受损。 一旦背债人无力偿还贷款，个人征信将留下不良记录，影响未来获取正 规金融服务，甚至成为失信被执行人，出行、就业等正常生活将受到限制。 三是法律风险极高。 协助伪造资料骗取金融机构资金的行为，可能涉嫌诈骗、非法集资、骗 取贷款、洗钱等刑事犯罪，沦为不法分子的共犯，面临被追究法律责任的风险。 国家金融监督管理总局发布关于警惕"职业背债"陷阱的风险提示称，近期，社会上出现以"快 速致富""无需偿还债务"为诱饵的"职业背债"骗局，部分消费者因轻信此类虚假宣传陷入困 境。金融监管总局金融消费者权益保护局提示广大消费者提高警惕，远离"职业背债"陷阱。 "职业背债"陷阱主要有以下套路： 虚假宣传引诱。 以"无需还款即可获得高额回报""只需贡献自己征信""短时间轻松获得高额酬 劳""不用本人偿还债务"等话术为诱饵，吸引目标人群。 ...

Core Viewpoint - The growing demand for extended trading hours by retail investors is prompting global exchanges to consider longer trading periods, with the London Stock Exchange Group (LSEG) exploring the feasibility of a 24-hour trading mechanism [1][2]. Group 1: Global Exchange Trends - Major exchanges, including those in the U.S., are applying for all-day trading licenses, with the New York Stock Exchange, Nasdaq, and Chicago Options Exchange collectively accounting for about 40% of all on-exchange stock trading in the U.S. [2] - The LSEG is assessing various aspects of extending trading hours, including technological upgrades, regulatory issues, and potential impacts on liquidity and dual-listed companies [1][2]. Group 2: Market Dynamics - The rise of younger investors using smartphones for trading and the 24-hour nature of the cryptocurrency market are significant factors driving exchanges to consider longer trading hours [1]. - The LSEG generates most of its revenue from selling financial data to banks and brokers, with only 2.7% of its revenue coming from stock trading fees in the first quarter of this year [1]. Group 3: Professional Investor Sentiment - While retail investors are enthusiastic about trading during non-standard hours, professional fund managers express caution regarding the additional costs and regulatory risks associated with extended trading hours [3]. - The European Securities and Markets Authority (ESMA) has indicated that while extending trading windows may attract retail trading, the sustainability and long-term benefits of such a model remain uncertain [3].

General Principles - The regulation aims to standardize housing rental activities, protect the legal rights of parties involved, stabilize rental relationships, and promote high-quality development of the housing rental market [1] - The housing rental market development should adhere to national policies and combine market leadership with government guidance [2][3] Rental and Leasing - Housing for rent must comply with legal standards regarding construction, fire safety, gas, and interior decoration to ensure safety and health [5] - Rental contracts must be signed using real names, and landlords must register contracts with local property management departments without charging fees [8][9] - Landlords must provide identification and proof of ownership to tenants and cannot enter rented properties without consent [10] - Tenants must also provide identification and use the property safely, adhering to property management regulations [11] Housing Rental Enterprises - The state encourages the development of market-oriented and professional housing rental enterprises, which must have adequate capital and management capabilities [13] - Rental enterprises must register their business scope and report opening information to local property management departments [15] Brokerage Institutions - Real estate brokerage institutions must have sufficient capital and personnel to conduct housing rental business [18] - They must verify the identity of clients and ensure the accuracy of housing information before providing brokerage services [19][20] Supervision and Management - The government will establish a rental price monitoring mechanism and publish rental price information regularly [29] - Local property management departments are responsible for supervising rental activities and addressing illegal behaviors [31][32] Legal Responsibilities - Violations of safety standards in rental properties can lead to penalties, including fines ranging from 20,000 to 100,000 yuan for entities and 2,000 to 10,000 yuan for individuals [39] - Rental enterprises and brokerage institutions that fail to comply with regulations may face warnings, fines, or business suspension [41][42] Additional Provisions - The regulation will take effect on September 15, 2025, and specific provisions for affordable housing rental activities will be determined by the state [35][33]

Core Viewpoint - JD.com has launched its first self-operated takeaway store named "Qixian Xiaochu" on July 20, marking its entry into the takeaway market with a unique business model aimed at addressing food safety issues [1] Group 1: Business Model - The new takeaway store operates on an "online ordering + self-pickup" model, with no dine-in options available [1] - JD.com's founder Liu Qiangdong indicated that the takeaway market is substantial and hinted at a business model that would differ significantly from Meituan's, expected to be revealed in the near future [1] Group 2: Market Context - The launch of "Qixian Xiaochu" reflects JD.com's strategic move to tap into the growing takeaway market, which has seen increasing consumer demand [1] - The emphasis on food safety in the new business model suggests a response to consumer concerns and a potential competitive advantage in the market [1]