Group 1 - The China-US economic talks were held in Stockholm, focusing on trade relations and macroeconomic policies, with a consensus to extend the suspension of certain tariffs for 90 days [2] - The 2025 Fortune Global 500 list was released, showing a total revenue of approximately $41.7 trillion, a year-on-year increase of about 1.8%, with companies' total assets and net assets reaching record highs [3][4] - Huawei returned to the top 100 of the Fortune Global 500 after two years, while Nvidia had the highest net profit margin among the listed companies [4] Group 2 - Guangzhou's GDP grew by 3.8% in the first half of the year, which is lower than the provincial growth rate of 4.2% and the national rate of 5.3% [12] - The retail sales of Polestar in China dropped significantly, with only 6 units sold in June, indicating a near halt in its business operations in the market [27] - Apple announced the closure of its first store in Dalian, citing the departure of multiple retailers from the shopping center [26]

7月29日，香港金融管理局发布持牌稳定币发行人监管制度系列指引（简称"指引"），提出法定稳定币的定义， 明确发行人牌照申请的财务条件、人员资质、储备资产、风险管理和监管要求等。 按香港金管局披露，"指明稳定币"是完全参照一种或多种官方货币以维持稳定价值的稳定币，一般称为"法定稳定 币"。 合法的稳定币持牌发行人，只可委托认许提供者要约提供法定稳定币，以及该发行人是属牌照批准，认许提供者包 括：持牌人、银行业条例认可机构、支付牌照、获批的虚拟交易平台提供的符合《反洗钱条例》界定的虚拟资产服 务、香港证监会批准的1号牌。 截至目前，香港金管局尚未发出任何牌照，根据8月1日生效的《稳定币条例》，虚假声称自己为持牌人或申请人均 属违法。 截至目前，香港金管局尚未发出任何牌照，根据8月1日生效的《稳定币条例》，虚假声称自己为持牌人或申请人均 属违法，建议已准备充分并希望尽早获批的机构应于2025年9月30日之前提交申请。 稳定币发行人牌照管理 稳定币具有加密货币的特征，可用于货品或服务付款、清偿债务、投资等交易，可通过电子方式转移、储存或买 卖，还可以在分布式分类账或类似信息储存库上操作，并参照单一资产或一揽子资产维持 ...

【头条要闻】 中美经贸会谈大消息！中美经贸团队进行了深入坦诚建设性的交流 当地时间7月28日至29日，中美经贸中方牵头人、国务院副总理何立峰与美方牵头人、美国财政部长贝 森特及贸易代表格里尔在瑞典斯德哥尔摩举行中美经贸会谈。双方就中美经贸关系、宏观经济政策等双 方共同关心的经贸议题开展了坦诚、深入、富有建设性的交流，回顾并肯定了中美日内瓦经贸会谈共识 和伦敦框架落实情况。根据会谈共识，双方将继续推动已暂停的美方对等关税24%部分以及中方反制措 施如期展期90天。 何立峰表示，中美双方经贸团队要以两国元首6月5日通话重要共识为指引，秉持相互尊重、和平共处、 合作共赢的原则，尊重各自关切，进一步巩固共识，加深互信。中方对中美经贸关系的立场是一贯的， 中美经贸关系的本质是互利共赢，双方在经贸领域拥有广泛共同利益和广阔合作空间，中美合则两利、 斗则俱伤。稳定、健康、可持续的中美经贸关系不仅有利于实现各自的发展目标，也有利于促进世界经 济的发展与稳定。下一步，双方应继续按照两国元首通话重要共识，充分发挥好中美经贸磋商机制作 用，不断增进共识、减少误解、加强合作，进一步深化对话磋商，不断争取更多双赢结果。 牛市点燃中！基 ...

国航、南航、东航国内三大航司分别发布致旅客的公告，均表示支持"民航版12306"直销平台购票。 整理 ｜秋夏 点击上方【36氪随声听】，一键收听大公司热门新闻。听完音频记得添加进入 【我的小程序】 中哟！ 正品控股有限公司 36氪获悉，7月29日，港交所文件显示，正品控股有限公司向港交所提交上市申请书，独家保荐人为浤博资本有限公司。 国航南航东航支持在"民航版12306"直销平台购票 7月28日晚，国航、南航、东航国内三大航司分别发布致旅客的公告，均表示支持"民航版12306"直销平台购票，以确保旅客权 益。三大航司表示，均已在航旅纵横平台开展机票直销业务。目前，航旅纵横所销售国内客票均直接来自航空公司，价格公开 透明、无捆绑销售、与航司规则一致、无大数据杀熟、信息安全保障及行程单金额与支付金额一致。 此前，据报道，与携程，去哪儿等OTA不同的是，航旅纵横上销售的机票，并不是来源于众多机票代理，而是国内航空公司的 直销机票资源。所有机票产品都由各家航空公司直接发布和运营，航旅纵横平台负责展示，并且不收取航司的代理费。（央视 财经、第一财经） 少林寺官宣：印乐法师任少林寺住持 堪察加东岸远海发生7.9级地震 7 ...

Group 1 - The US-China economic talks were held in Stockholm, focusing on trade relations and macroeconomic policies, with a consensus to extend the suspension of certain tariffs for 90 days [2] - Huawei has returned to the top 100 in the Fortune Global 500 list, while Nvidia achieved the highest net profit margin [4] - Guangzhou's GDP growth for the first half of the year was reported at 3.8%, which is below the provincial and national averages [11] Group 2 - Apple announced the closure of its first store in China, located in Dalian, due to the exit of multiple retailers from the shopping center [25] - Polestar's sales in China have drastically declined, with only 6 units sold in June, indicating a near halt in business operations [26] - Alibaba's Qwen3-30B-A3B model has launched a new version, enhancing long text understanding capabilities [27]

Core Insights - Visa reported strong financial results for the quarter, with significant growth in both revenue and earnings per share, indicating resilient consumer spending [3][4]. Financial Performance - Revenue for Q3 2024 was $8.9 billion, increasing to $10.2 billion in Q3 2025, representing a 14% growth and beating expectations [2]. - Adjusted earnings per share (EPS) rose from $2.42 to $2.98, marking a 23% increase and also surpassing expectations [2]. - Processed transactions grew from 59.3 million to 65.4 million, a 10% increase [2]. - Payment volumes increased from $3.3 billion to $3.6 billion, reflecting a 9% growth [2]. Consumer Behavior - CEO Ryan McInerney described consumer spending as "resilient," with both discretionary and nondiscretionary transactions showing strength [4]. - Cross-border volumes, excluding transactions within Europe, increased by 11%, indicating healthy consumer activity outside the U.S. [4]. Operating Expenses - GAAP operating expenses rose by 35% to $4 billion, primarily due to higher litigation provisions and personnel costs [5]. - Non-GAAP operating expenses, excluding special items, increased by 13% [5]. Share Repurchase - During the quarter, Visa repurchased 14 million shares for $4.8 billion, reducing its share count by over 10% in the past five years [5]. - As of June 30, Visa has $29.8 billion remaining for share repurchases [5]. Market Reaction - Despite strong quarterly results, Visa shares fell approximately 3% in after-market trading, reflecting a cautious investor sentiment [6]. Future Outlook - Visa anticipates high-single-digit to low-double-digit net revenue and operating expense growth for the final quarter of the fiscal year [7]. - Full-year revenue growth is expected to be in the low-double-digit range, with EPS growth projected in the low teens for the year and high single digits for the fourth quarter [7]. Industry Considerations - The company is closely monitoring macroeconomic conditions that could affect consumer spending, particularly credit trends [8]. - Visa is actively addressing potential disruptions from stablecoins and is focusing on innovation in areas like AI to maintain long-term value for shareholders [9].

Group 1: ZTE Corporation - ZTE Corporation plans to issue HKD 35.84 billion zero-coupon convertible bonds due in 2030, with an initial conversion price of HKD 30.25 per share [1] - The net proceeds of approximately USD 494.3 million will be used to enhance the company's R&D investment in computing power products [1] - This move is expected to promote long-term development in 5G and artificial intelligence sectors, boosting investor confidence [1] Group 2: Hong Kong Monetary Authority - The Hong Kong Monetary Authority (HKMA) issued guidelines regarding the regulation of stablecoin issuers, effective from August 1, 2025 [2] - The guidelines emphasize that false claims of being a licensed issuer or applicant are illegal, aiming to protect investor interests and mitigate financial risks [2] - This initiative is anticipated to positively impact the healthy development of the stablecoin market and provide regulatory insights for other regions [2] Group 3: Shandong Gold - Shandong Gold's subsidiary, Shanjin International, plans to issue H-shares and apply for a listing on the Hong Kong Stock Exchange [3] - The listing aims to deepen global strategic layout, accelerate overseas business development, and optimize capital structure [3] - This initiative is expected to enhance governance and core competitiveness while expanding diversified financing channels [3] Group 4: Pearl River Steel Pipe - Pearl River Steel Pipe's board proposed to reduce share premium to offset accumulated losses as of December 31, 2024 [4] - The reduction aims to improve financial transparency, allowing shareholders and investors to better understand the company's financial status [4] - This move may help stabilize market confidence, although potential impacts on shareholder equity should be monitored [4] Group 5: Hong Kong Stock Market - The Hang Seng Index closed at 25,524.45, down 0.15% on July 29 [5] - The Hang Seng Tech Index closed at 5,644.38, down 0.35% [5] - The National Enterprises Index closed at 9,145.92, down 0.34% [5]

Core Viewpoint - The article discusses the recent share reduction plans by major shareholders of Lakala, the company's financial performance, and its strategic moves towards internationalization and digital currency applications [1][2][3][4]. Group 1: Shareholder Actions - Lenovo Holdings, a major shareholder, reduced its stake in Lakala from 26.54% to 25.86% by selling 5.3596 million shares between July 23 and July 25, 2025, as part of a previously disclosed plan [1]. - Lenovo Holdings plans to further reduce its stake by up to 3% from July 23 to October 22, 2025, with a maximum of 788.08 million shares through open market transactions and 1,576.16 million shares through block trades [1]. - Another significant shareholder, Sun Haoran, plans to reduce his stake by up to 2.45% due to personal financial needs, with a reduction period from June 12 to September 11, 2025 [2]. Group 2: Financial Performance - Lakala's Q1 2025 financial report shows total revenue of 1.3 billion yuan, a decrease of 1.95 billion yuan or 13.02% year-on-year [2]. - The net profit attributable to shareholders was 101 million yuan, down 1.08 billion yuan or 51.71% compared to the same period last year [2]. - The net cash inflow from operating activities was 16.73 million yuan, a decline of 314 million yuan or 94.95% year-on-year [2]. Group 3: Strategic Developments - Lakala is actively monitoring the issuance and application of stablecoins, especially with the new stablecoin regulations in Hong Kong set to take effect on August 1 [3]. - The company is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international competitiveness and support its international development strategy [3][4]. - Discussions with intermediaries regarding the specifics of the H-share listing are ongoing, but the details are yet to be finalized and will require approval from various regulatory bodies [4].

7月29日，华检医疗(01931)一则公告引发市场涟漪：全资子公司威士达医疗设备（上海）有限公司（以 下简称"威士达"）成功完成一项中长期可持续发展挂钩循环银团贷款的募集。本次贷款总额达数亿元人 民币，由东亚银行（中国）有限公司上海分行牵头，联合韩国企业银行、彰化银行、三井住友银行、三 井住友信托银行、盛京银行、韩国釜山银行等国际及区域金融机构共同参与。 银行的选择绝非偶然。就在公告发布前两周，华检医疗股价经历了一轮疯狂上涨。7月14日至21日间， 其股价累计飙升75%，最高触及4.66港元的历史峰值。即使随后有所震荡，市值仍稳定在60亿港元上 方，远高于年初水平。 7月23日至28日，公司连续三次出手回购股票：7月23日以均价3.16港元回购14.1万股；7月25日以均价 3.59港元回购141.4万股；7月28日以均价3.67港元回购16.6万股。累计耗资超613万港元，回购均价接近 历史高位。 市场看涨情绪背后，是华检医疗抛出的一颗战略"核弹"——7月17日，公司宣布构建全球首个聚焦医疗 创新药高科技资产的「NewCo+RWA」Web3交易所生态，命名为"IVDNewCo Exchange"，并配套发行 ...

Group 1 - The Minister of Industry and Information Technology, Li Lecheng, met with a delegation from the US-China Business Council, encouraging more US companies to invest in China and participate in the new industrialization process [1] - The meeting included representatives from major US companies such as Thermo Fisher Scientific, Otis, and Apple, focusing on cooperation in areas like machinery and smart manufacturing [1] Group 2 - The Hong Kong Monetary Authority (HKMA) released guidelines for stablecoin license applications, with the first licenses expected to be issued by August 1, 2025 [3] - The HKMA indicated that only a few stablecoin licenses would be granted initially, despite interest from dozens of institutions [3] Group 3 - The China Photovoltaic Industry Association clarified rumors regarding the multi-crystalline silicon sector, urging the public not to believe or spread misinformation [4] - The association's clarification relates to market rumors about large companies acquiring smaller ones in the multi-crystalline silicon industry [4] Group 4 - From January to June 2025, state-owned enterprises in China reported total operating revenue of 4,074.96 billion yuan, a year-on-year decrease of 0.2% [7] - The total profit for state-owned enterprises during the same period was 218.25 billion yuan, down 3.1% year-on-year [8] - The tax payable by state-owned enterprises was 300.26 billion yuan, reflecting a 0.8% decline compared to the previous year [9] - As of the end of June, the asset-liability ratio for state-owned enterprises was 65.2%, an increase of 0.3 percentage points year-on-year [10] Group 5 - The CXO sector saw a significant rally, with companies like WuXi AppTec raising their full-year sales forecast, projecting a revenue increase from 415-430 billion yuan to 425-435 billion yuan [12] - The demand for innovative biopharmaceuticals is expected to drive recovery across the entire industry chain [12] Group 6 - The stock of Hengsheng Electronics surged, attributed to rumors of a strategic partnership with Ant Group regarding virtual assets and stablecoin operations [11] - The company acknowledged the market speculation but could not confirm the partnership at this time [11] Group 7 - The PCB industry is experiencing a significant demand increase for high-end products, driven by the upgrade of AI hardware [19] - The market for high-layer boards and high-density interconnect (HDI) products is particularly strong, with price increases noted [19]