Sou Hu Cai Jing·2025-08-13 00:12Economic Indicators - The latest US CPI data for July shows a year-on-year increase of 2.7%, which is lower than expected, and a month-on-month increase of 0.2%, meeting expectations. This data has heightened market expectations for a Federal Reserve rate cut in September, with a 95% probability currently anticipated [1] - The Chinese Ministry of Commerce announced temporary anti-dumping measures on imported canola seeds from Canada, requiring importers to pay a deposit of 75.8%. Over 90% of China's canola and 75% of canola meal are imported from Canada [1] Financial Policies - The Ministry of Finance, the central bank, and the financial regulatory authority issued a personal consumption loan interest subsidy policy, effective from September 1, 2025, to August 31, 2026. The policy supports personal consumption loans under 50,000 yuan and loans for key areas such as home appliances and education [2][3] - A loan interest subsidy policy for service industry operators has been introduced, providing a 1% annual subsidy on loan principal for up to one year, applicable to various service sectors including hospitality and healthcare [3] Stock Market Dynamics - On August 12, southbound funds net bought approximately 9.45 billion HKD, with significant purchases in the Yingfu Fund and Hang Seng China Enterprises. Kuaishou-W saw a net sell of about 2.375 billion HKD [4] - As of August 11, the financing balance in A-shares returned to 2 trillion yuan, the highest since 2015, with electronic, non-bank finance, and computer sectors being the top five heavily financed sectors [4] Company Performance - Cambricon Technologies saw a strong 20% surge, closing at 848.88 yuan per share, with a market capitalization of 355.1 billion yuan. The stock has increased nearly 17 times since its low of 46 yuan in April 2022 [5] - Kweichow Moutai reported a net profit of 45.403 billion yuan for the first half of the year, a year-on-year increase of 8.89%, with revenue reaching 89.389 billion yuan, up 9.10% [7] Industry Developments - The tungsten market continues to see price increases, with ammonium paratungstate (APT) prices reaching 291,000 yuan per ton, up 37.9% year-to-date. The low inventory levels and strong demand are supporting these price trends [9] - The brain-computer interface industry is projected to grow significantly, with the global market expected to reach 40 billion USD by 2030, driven by favorable policies and technological advancements [10][11] Technological Advancements - China Mobile Sichuan and Huawei completed a 5G-A multi-carrier aggregation performance test, achieving a download speed of 11.13 Gbps, setting a new record for outdoor applications in China [7] - Huawei launched the UCM AI inference technology, which will be open-sourced by September 2025, aimed at enhancing inference performance and reducing costs [7]