Mei Ri Jing Ji Xin Wen·2025-08-11 21:59Market Overview - The US stock market saw slight declines with the Dow Jones down 0.45%, Nasdaq down 0.3%, and S&P 500 down 0.25% [4] - Major tech stocks mostly fell, with Intel dropping over 3% while Tesla rose over 2% [4] - The Nasdaq Golden Dragon China Index fell by 0.29%, with notable declines in companies like TAL Education and Li Auto [4] Commodity Prices - International precious metals futures generally fell, with COMEX gold futures down 2.80% at $3393.7 per ounce and silver down 2.33% at $37.645 per ounce [5] - International oil prices saw slight increases, with WTI crude oil up 0.19% at $64.00 per barrel and Brent crude oil up 0.15% at $66.69 per barrel [6] Regulatory Developments - The Ministry of Finance and the State Taxation Administration of China are soliciting opinions on the implementation regulations of the Value-Added Tax Law, aiming to clarify definitions and taxpayer categories [8] - The Central Securities Depository Company announced it will no longer require foreign central bank institutions to provide a signed commitment letter, simplifying the investment process for these entities [11] Automotive Industry Insights - In the first seven months of 2025, China's automotive production and sales exceeded 18.23 million units, with a significant increase in new energy vehicles, which accounted for 45% of total new car sales [12] - Changan Automobile announced plans for its executives to collectively increase their holdings in the company, reflecting confidence in future growth [18] Technology and Innovation - Huawei's new technology, the six-domain integration technology for the ZunJie S800, aims to enhance vehicle comfort and safety [22] - Zhihui announced the release of the new open-source visual reasoning model GLM-4.5V, which is expected to advance the field of intelligent vision [25] Corporate Actions - Nvidia and AMD have reportedly agreed to pay 15% of their revenue from chips sold to China to the US government in exchange for export licenses [29] - Ningde Times confirmed that the suspension of operations at its mining site was due to the expiration of its mining license, and it is currently applying for an extension [19]