Core Viewpoint - China Rare Earth Group issued a formal statement denying any collaboration with Ant Group or the People's Bank of China regarding the establishment of a rare earth RMB stablecoin, labeling the information as false and misleading [1][2]. Group 1 - The company has never engaged in any form of cooperation, negotiation, or planning related to the so-called "rare earth RMB stablecoin" with the mentioned institutions [1]. - The company warns the public and investors to be vigilant against illegal financial activities and to prevent potential financial losses [2]. - The company has reported the matter to relevant authorities and demands that the involved parties cease any infringing or fraudulent activities, reserving the right to pursue legal action for any damage to its image and interests [2]. Group 2 - Any significant external cooperation matters will be disclosed through the company's official channels [2].

Group 1 - China Rare Earth Group issued a statement denying any collaboration with Ant Group or the People's Bank of China regarding the establishment of a "Rare Earth Renminbi Stablecoin," labeling the information as false and misleading [4] - The Ministry of Industry and Information Technology, along with six other departments, released implementation opinions to promote the innovation and development of the brain-computer interface industry, aiming to establish an advanced technology system and industry clusters by 2027 [4] - The National Postal Service reported a 5.2% year-on-year increase in China's express delivery development index for July [4] Group 2 - The A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 3647.55 points, up 0.34%, marking a new high for the year [7] - The animation film "Wang Wang Mountain Little Monster" achieved a cumulative box office of over 5.74 billion, setting a record for domestic 2D animated films in China [9]

Core Viewpoint - The news regarding the "Rare Earth RMB Stablecoin" was quickly debunked by China Rare Earth Group, which stated that it had never engaged in any collaboration or discussions about such a project, emphasizing the importance of protecting its reputation and the interests of investors [1][3]. Company Response - China Rare Earth Group issued a strong statement denying any involvement with the so-called "Rare Earth RMB Stablecoin," effectively countering the rumors and clarifying the truth to the public [3]. - The company urged the public and investors to be vigilant against illegal financial activities and to be cautious of potential financial losses, demonstrating its responsibility towards investor protection [3][5]. - The group has reported the situation to relevant authorities, demanding the cessation of any infringing or fraudulent activities, and reserves the right to pursue legal action against those damaging its image and interests [3][5]. Industry Impact - The spread of the rumor has the potential to harm the reputation of China Rare Earth Group, which is a leading entity in the industry, possibly leading to skepticism among investors and partners, thereby affecting business development and relationships [5]. - The rumor could negatively impact the rare earth industry as a whole, which is crucial for national defense, technology, and renewable energy sectors, potentially leading to misunderstandings about the industry's regulatory practices [5]. Investor Risks - The dissemination of the rumor poses significant risks to investors, who may be misled into making impulsive investment decisions based on false information, potentially leading to financial losses [6]. - The false information could also incite panic in the market, prompting irrational decision-making among investors, further exacerbating market volatility [6]. Recommendations for Stakeholders - Companies should enhance their information management and risk prevention capabilities, ensuring that all public communications are accurate and timely, while also monitoring online sentiment to address rumors promptly [7]. - Government agencies need to strengthen oversight of online information, improve legal frameworks, and encourage public participation in reporting rumors to maintain market order [7][8]. - Media and social media platforms should adhere to ethical standards, ensuring the accuracy of information before dissemination to prevent the spread of falsehoods [7][8]. - The public should develop better information discernment skills, relying on official channels for accurate information and avoiding impulsive reactions to unverified news [8].

Core Viewpoint - China Rare Earth Group has issued a stern statement denying any collaboration with Ant Group and the People's Bank of China regarding the establishment of a rare earth RMB stablecoin, labeling the information as false and misleading [1][4][5] Group 1: Company Position - The company has never engaged in any form of cooperation, consultation, or planning related to the so-called "rare earth RMB stablecoin," asserting that the information is maliciously fabricated by illegal entities [1][4] - The company warns the public and investors to be vigilant against illegal financial activities and to be cautious to prevent financial losses [1][4] - The company has reported the matter to relevant authorities, demanding an immediate cessation of infringement and fraudulent activities, while reserving the right to pursue legal action against any actions that harm its image and interests [1][4] Group 2: Communication Protocol - The company emphasizes that any significant external cooperation matters should be disclosed through its official channels [1][4]

Group 1 - Nvidia and AMD have agreed to pay 15% of their sales revenue from chip sales in China to the U.S. government to obtain export licenses for advanced chips to China, reflecting the U.S. government's tightening control over high-tech exports to China [2] Group 2 - Ant Group officially denied rumors regarding its involvement in building a rare earth-backed RMB stablecoin, stating that it has not collaborated or planned such projects with the People's Bank of China or China Rare Earth Group, and urged the public to be cautious of unofficial investment information [3] Group 3 - In July 2025, China's automobile production reached 2.591 million units, with sales at 2.593 million units, showing a month-on-month decline of 7.3% and 10.7% respectively, but a year-on-year increase of 13.3% and 14.7%. New energy vehicles accounted for 48.7% of total new car sales, with production and sales of 1.243 million and 1.262 million units respectively, marking a year-on-year growth of 26.3% and 27.4% [4] Group 4 - The China Automobile Circulation Association reported that the national used car transaction volume in July 2025 was 1.661 million units, a slight increase of 0.2% month-on-month and a year-on-year growth of 3.20%, with a total transaction value of 106.007 billion yuan. Cumulatively, 11.231 million used cars were traded in the first seven months of the year, an increase of 238,700 units compared to the same period last year, with a total transaction amount of 729.244 billion yuan [5] Group 5 - JD Auto has renamed its 5 billion yuan subsidy program to "Zhen Gu Jia" amid a lawsuit from Tuhu Auto, which claims that the name constitutes commercial defamation and unfair competition, seeking 5 million yuan in damages [6] Group 6 - Dell has denied rumors about plans to exit the Chinese market, stating that the information is false and emphasizing its commitment to continue operations in China and serve local customers and partners [7]

Report Industry Investment Rating No relevant content provided. Core View of the Report - The "anti-involution" policy is showing initial results, and the determination and difficulty of the policy should not be underestimated. The summer travel consumption has a certain pulling effect on CPI, and future attention should be paid to the potential transmission of employment income. For PPI, the price has declined compared to last month, and the key to future price elasticity still lies in the demand side. The market is in a strong stage with high capital risk appetite, but the sector rotation is fast, and the market of strong sectors is difficult to last. It is recommended to cash in some profits at high prices and look for low-sucking opportunities for IF, IM, and IC [16][17]. Summary by Relevant Catalogs Chemicals - On August 12, 2025, among chemical products, coke had the largest increase with a rise of 90.50 yuan and a growth rate of 5.384%, while 20 - number rubber had the largest decrease with a decline of 25.0 yuan and a decrease rate of -0.198% [3]. Agricultural Products - On August 12, 2025, among agricultural products, cotton had the largest increase with a rise of 220.0 yuan and a growth rate of 1.608%, while rapeseed meal had the largest decrease with a decline of 61.0 yuan and a decrease rate of -2.239% [3]. Macro News - The Ministry of Finance and the State Taxation Administration solicited public opinions on the implementation regulations of the Value - Added Tax Law. The Ministry of Finance and the Ministry of Education revised the management measures for funds supporting the development of preschool education. Ant Group and China National Rare Earth Group refuted the rumor of "co - building the world's first rare earth RMB stablecoin." Ningde Times' lithium mine suspension led to a full - board limit up of lithium carbonate futures and a rise in the spot and stock markets. Trump's team expanded the scope of candidates for the Fed Chairman. Mexico set a minimum export price for fresh tomatoes. The refined oil price may be stranded for the fourth time this year. Hangzhou solicited opinions on promoting the development of embodied intelligent robot industry [5][6][7]. Morning Meeting Views on Major Varieties Agricultural Products - Peanut market prices are expected to fluctuate strongly in the short term but maintain a downward trend. Sugar futures are in a multi - empty intertwined situation, and it is recommended to operate within the 5550 - 5600 yuan range. Corn futures are in a supply - demand weak pattern, and it is recommended to conduct band trading within the 2250 - 2280 yuan range. The national average price of live pigs is weak, and the market is expected to fluctuate within a range. The national egg spot is stable, and it is recommended to reduce speculative short positions and arrange long positions in the far - month contracts. Cotton prices are under pressure and support, and it is recommended to wait and see [9][10][11]. Energy and Chemicals - The domestic urea market price is expected to fluctuate weakly. The caustic soda price in Shandong is expected to be stable, and that in East China is expected to be weakly stable. Coking coal and coke are expected to fluctuate strongly. The copper price is adjusting, and the aluminum price is expected to continue high - level adjustment. The alumina price is expected to continue range consolidation. Steel prices are expected to fluctuate strongly. The ferrosilicon and ferromanganese are expected to fluctuate within a range with a rising center of gravity. The lithium carbonate price has broken through the previous high, and it is recommended to try long positions on dips [10][11][13]. Industrial Metals - On August 11, the average price of Shanghai Non - ferrous 1 electrolytic copper was 79,150 yuan/ton, and the average price of A00 aluminum was 20,630 yuan/ton. The copper price continued to adjust, and the aluminum price was under pressure due to increased supply and weak demand. The average price of alumina was 3,249 yuan/ton, and it was expected to continue range consolidation. The prices of rebar and hot - rolled coil were expected to fluctuate strongly. The ferrosilicon and ferromanganese were expected to fluctuate within a range with a rising center of gravity [13]. Option Finance - On August 11, the three major A - share indexes rose collectively. The stock index futures increased in positions and volume, and the basis of the current - month contract of IF futures decreased. It is recommended that trend investors pay attention to the strength - weakness arbitrage opportunities between varieties, and volatility investors buy straddles to bet on increased volatility [15]. Stock Index Analysis - On August 11, the A - share market was strong, but the sector rotation was fast. The market is in a strong stage with high capital risk appetite, and it is recommended to cash in some profits at high prices and look for low - sucking opportunities for IF, IM, and IC [16][17].

Group 1 - Apple released the sixth developer beta of its mobile operating system iOS 26, which includes new ringtones and updates for various devices [1] - Ant Group denied rumors about collaborating with the People's Bank of China and China Rare Earth Group to create the world's first rare earth-backed RMB stablecoin, urging the public to be cautious of misleading information [2] - OpenAI's internal AI reasoning system won a gold medal at the 2025 International Olympiad in Informatics, outperforming 98% of human competitors [3] Group 2 - NVIDIA and AMD agreed to pay 15% of their revenue from chip sales to China to the U.S. government in exchange for export licenses, marking an unprecedented arrangement [4] - Zhiyuan Robotics secured a multi-million yuan order from Fulian Precision, marking the first large-scale commercial contract for embodied robots in the industrial sector [5] - Huawei's Yu Chengdong announced the ZunJie S800, which integrates six domains of technology to enhance vehicle comfort and safety [6] Group 3 - Controversy arose over Xiaomi's request for customers to pay the remaining balance on their cars before delivery, with sales staff clarifying it applies only to specific cases [7] - Former Honor CEO Zhao Ming is rumored to have joined Zhijie, potentially replicating Honor's successful strategies targeting young consumers [8] - Taobao's flash sales surpassed Meituan in daily order volume for the first time during promotional events, although the metrics used for counting orders differ between the two platforms [9] Group 4 - Oriental Selection's stock price surged over 240% since the departure of its co-founder Dong Yuhui, reflecting a significant recovery and growth in market value [9] - Bilibili established a new company in Guangzhou focused on anime and game development, expanding its business scope [10]

Group 1 - LuXiao Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange, with details still under discussion [1] - The global first prototype of a "robot mother" is expected to be launched within a year, priced under 100,000 yuan [2] - The recruitment of ex-offenders by Pang Donglai is based on the belief in human kindness and the importance of reintegration into society [2] Group 2 - NVIDIA and AMD have agreed to pay 15% of their revenue from chip sales in China to the U.S. government in exchange for export licenses [3] - Shenzhen's health commission stated that non-marital births cannot receive childcare subsidies, pending further guidelines from Guangdong province [3] Group 3 - The animated film "Wang Wang Mountain Little Monster" has achieved a box office of over 574 million yuan, setting a record for domestic 2D animated films in China [4][5] - Baichuan Intelligent has released an open-source medical enhancement model Baichuan-M2, scoring 60.1 on HealthBench [18] Group 4 - Di'er Laser reported a net profit of 327 million yuan for the first half of the year, a year-on-year increase of 38.37% [20] - Rihou Optoelectronics achieved a net profit of 45.61 million yuan in the first half of the year, up 37.87% year-on-year [21] - WanHua Chemical's net profit for the first half of the year was 6.123 billion yuan, a decrease of 25.1% year-on-year [24] Group 5 - "New Sound Semiconductor" completed a B+ round financing of nearly 300 million yuan, led by Hongtai Fund [25] - "Gao Future" completed a B++ round financing of over 100 million yuan, focusing on the development of GaN power devices [27] Group 6 - Apple is reportedly preparing to launch a new low-cost MacBook, expected to be priced between $599 and $699 [28][29] - Hydrogen Source Intelligent has launched the world's first AI drone with L4-level autonomous flight capabilities [29]

Core Viewpoint - China Rare Earth Group Limited has issued a statement denying the existence of any collaboration with Ant Group or the People's Bank of China regarding the creation of a rare earth RMB stablecoin, labeling the information as false and misleading [1][3] Group 1 - The company has never engaged in any form of cooperation, negotiation, or planning related to the so-called "rare earth RMB stablecoin," and the information is deemed maliciously fabricated by illegal entities [1] - The company warns the public and investors to be vigilant against illegal financial activities and to take precautions to prevent financial losses [1] - The company has reported the matter to relevant authorities, demanding an immediate cessation of infringement and fraudulent activities, and reserves the right to pursue legal action against any actions that harm its image and interests [3] Group 2 - The company emphasizes that any significant external cooperation matters should be disclosed through its official channels [3]

Group 1 - The Ministry of Finance and the State Taxation Administration have drafted the "Implementation Regulations of the Value-Added Tax Law" to enhance the certainty and operability of the tax system, consisting of six chapters and fifty-seven articles [1] - In the first seven months of 2025, China's automobile production and sales reached 18.235 million and 18.269 million units, respectively, with year-on-year growth of 12.7% and 12%, and new energy vehicles accounted for 45% of total new car sales [2] - The Ministry of Finance and the Ministry of Education have revised the "Management Measures for Supporting the Development of Preschool Education Funds" to improve the efficiency of fund usage [2] Group 2 - The Central Clearing Company announced that starting from August 11, it will no longer require foreign central bank institutions to provide a signed commitment letter, simplifying the investment process for foreign investors in China [2] - The national standard for the transportation safety and multimodal transport of power lithium batteries will be implemented on February 1, 2026, establishing classification and grading for transportation [2] - The global first full-process intelligent breeding robot "GEAIR" has been published in the international academic journal "Cell," marking a significant advancement in agricultural intelligent breeding [2] Group 3 - The latest data from Abu Dhabi's Chamber of Commerce indicates a 61% increase in the number of artificial intelligence companies in the region over the past year, highlighting its rapid development as a center for AI in the Middle East and North Africa [3]