Sou Hu Cai Jing·2025-08-12 10:20Market Performance - The Shanghai Composite Index rose by 0.34% to 3647.55 points, with the Shenzhen Component Index increasing by 1.46% and the ChiNext Index by 1.96%, marking a six-day consecutive rise and a new yearly high, driven by sectors such as semiconductors, lithium mining, and computing power [2] - Over 4000 stocks experienced gains, with significant net inflows from northbound funds, boosted by public fund purchases and simplified entry processes for foreign capital [2] Industry Dynamics - Lithium supply and demand tension arose as CATL's Yichun lithium mine halted production due to the expiration of its mining license, alongside issues with salt lake lithium extraction companies, leading to a surge in lithium carbonate futures prices, reaching a four-month high [3] - Huawei announced breakthroughs in AI inference technology, reducing reliance on HBM chips, while major US tech companies continued share buybacks exceeding $980 billion this year, supporting the global tech sector [3] Policy and Economic Factors - The Ministry of Finance introduced personal consumption loan interest subsidy policies covering sectors like automotive and home goods, while the implementation rules for the VAT law are under consultation to refine tax incentives [3] - The US and China have again postponed the imposition of a 24% tariff on $50 billion worth of goods for 90 days, retaining a 10% tariff, signaling a de-escalation in trade tensions [2] Corporate Developments - Neta Auto was listed as a dishonest executor due to debt issues, while Master Kong reported a decline in revenue for the first half of the year, facing transformation pressures in the traditional fast-moving consumer goods sector [4]