Core Viewpoint - The A-share market often behaves contrary to expectations, with unexpected rebounds and declines occurring frequently. Group 1: Market Trends - Recent days have seen military, pharmaceutical, and technology sectors taking turns as market leaders, supported by a rebound in robotics [2] - The banking index has experienced a decline of over 6% since mid-July, marking a significant pullback compared to the last three years [2] - High-risk capital that flowed into the banking sector in late June is gradually exiting, leading to a noticeable decrease in the volatility of the banking sector [3] Group 2: Banking Sector Analysis - Guotou Securities indicates that the clearing of the banking sector's chip structure suggests that the major phase of decline has passed [4] - The overall ROE level of the banking index is at 9.33%, which is historically low, while profit growth remains at a historical low of 0-2% [8] - Despite some recovery in sentiment, risks remain due to unresolved trade talks between China and the U.S. and potential spillover risks from the U.S. stock market [8] Group 3: Real Estate Market Insights - The Chinese real estate market has undergone the longest and most severe adjustment in 26 years, with sales area and amount significantly declining [11] - By 2024, the sales area is projected to be 974 million square meters, a 15-year regression, and the sales amount is expected to be 9.67 trillion yuan, an 8-year regression [11] - New housing prices in 70 major cities have decreased by 3.7% year-on-year, marking 39 consecutive months of decline [11] Group 4: Sector Performance - The A-share market saw a slight increase today, with the Shanghai Composite Index rising by 0.66% and the Shenzhen Component Index by 0.46% [15] - The military equipment sector experienced a collective surge, with several stocks hitting the daily limit [15] - The gaming sector also performed actively, with Giant Network hitting the daily limit [16] Group 5: Capital Flow Dynamics - Main capital inflow was 38.3 billion yuan, with the machinery equipment sector seeing the largest net inflow [27] - The top five sectors for net inflow included machinery equipment, defense military, automotive, electronics, and non-ferrous metals [27] - The banking sector saw a net inflow of 2.255 billion yuan, indicating some interest from investors [28] Group 6: Industry Valuation and Sentiment - The defense military, machinery equipment, and non-ferrous metals sectors are leading in performance, while retail, oil and petrochemicals, and social services are lagging [37] - The trading heat in sectors like construction decoration, environmental protection, and electric power equipment has increased, while sectors like agriculture, non-bank finance, and food and beverage are at historical low PE levels [37]

Market Overview - On August 4, the market saw a significant rise with all three major indices closing in the green, over 3,800 stocks rising, and more than 1,300 stocks declining [1] - A total of 69 stocks hit the daily limit up, while 6 stocks hit the limit down [1] High-Performing Stocks - Victory Energy achieved a limit up for four consecutive days, while Lideman, involved in a merger and restructuring, saw a 20% limit up for three consecutive days [3][4] - The military industry sector had nearly 20 stocks hitting limit up or rising over 10%, with notable performances from Wanze Shares and Great Wall Military [3] - The robotics sector also experienced a rebound, with Zhongma Transmission and Dongjie Intelligent showing strong performances [3] Stock Performance Data - Victory Energy (Code: 001331) recorded a 10.01% increase, with a trading volume of 6.0748 billion [4] - Dongxin Co. (Code: 688110) saw a 20% increase, with a trading volume of 5.667 billion [4] - Lideman (Code: 300289) achieved a 20% increase, with a trading volume of 1.588 billion [4] Top Trading Stocks - The top net buying stocks on the day included Hanyu Pharmaceutical, Construction Industry, and Longcheng Military, with net purchases of 5.45 billion, 4.57 billion, and 4.45 billion respectively [5][6] - The top net selling stocks included Giant Network, Asia-Pacific Pharmaceutical, and Tibet Tianlu, with net sales of 2.07 billion, 1.93 billion, and 1.78 billion respectively [7] Sector Highlights - Hanyu Pharmaceutical is collaborating with a well-known cryptocurrency exchange, marking a significant move in the pharmaceutical industry by tokenizing future revenue rights [10][12] - The company is advancing its innovative weight-loss drug project, with various formulations under development [12] - Construction Industry, involved in military restructuring, also saw significant trading activity, with a trading volume of 3.249 billion [13][16] Institutional Activity - Institutions showed strong interest in Hanyu Pharmaceutical and Construction Industry, with net purchases of 2.33 billion and 2.17 billion respectively [20] - Conversely, institutions sold off shares in Giant Network and Asia-Pacific Pharmaceutical, with net sales of 1.76 billion and 1.25 billion respectively [20]

@StellarOrg @provenancefdn @injective View RWA on CoinGecko:https://t.co/vtDVGcMKBA ...

翰宇药业午后20%涨停，公司与KuCoin达成战略合作，探索创新药RWA项目。创新药概念回暖，广生 堂涨超15%再创逾10年新高，药石科技、舒泰神等先后翻红。 ...

人民财讯8月4日电，大禹节水(300021)8月2日在RWA时代高端农产品创新研讨会上表示，公司充分认识 到RWA是农业水利资产与数字金融相结合的重要尝试，将为行业的发展提供新型金融助力，将积极研 究推动相关业务进程。目前，该事项尚处于筹划阶段，公司相关资产能否成功实现RWA上链仍存在较 大不确定性，具体进展情况以公司公告为准。 转自：证券时报 ...

（文章来源：证券日报） 中科原动力董事长韩威介绍了智能采摘机器人在设施农业中的创新应用。他提到，温室采摘机器人技术 路径涵盖多模态感知、智能决策与自主操作，已在其他品种实现应用，未来将与大禹节水携手，加速机 器人在云南蓝莓基地的落地应用。 与会专家一致认为，区块链技术为农业资产数字化确权、供应链金融模式创新及碳积分交易开辟了广阔 空间。中国农业大学副校长杜太生教授强调，需强化学术界与产业界协同，推动高品质农业与现代资本 深度绑定，助力建设农业强国。 专题分享环节，科思达集团中国区总经理穆晨晖剖析了全球浆果产业趋势及云南蓝莓的竞争优势，中科 原动力研发主管李兴旭展示了智能采摘机器人的成熟方案，大禹节水副总裁陈静介绍了公司在农业水利 数字化领域的创新实践。沙龙讨论由董事会秘书姚键主持，嘉宾们围绕RWA与农业结合的路径展开热 议，呼吁完善政策法规框架，以实现技术创新与产业发展的可持续融合。 有分析人士表示，此次研讨会及签约动作清晰展现大禹节水深化智慧农业布局的战略路径。大禹节水携 手科思达集团锁定高端蓝莓市场，为智能灌溉技术提供优质场景；联合中科原动力直击劳动力痛点，有 望在云南基地形成可复制的机器人采摘方案，提升 ...

Market Performance - The Hang Seng Index closed at 24,507, down 1.07% for the day but up 22.17% year-to-date [1] - The Hang Seng Tech Index closed at 5,397, down 1.02% for the day and up 20.80% year-to-date [1] - The Dow Jones Index closed at 43,588, down 1.23% for the day and up 2.45% year-to-date [1] - The S&P 500 Index closed at 6,238, down 1.60% for the day and up 6.06% year-to-date [1] - The Nasdaq Index closed at 20,650, down 2.24% for the day and up 6.94% year-to-date [1] Currency and Commodity Performance - The Renminbi Index is at 96.760, up 1.48% over the last month but down 3.91% over the last six months [2] - Brent crude oil is priced at $71.440 per barrel, up 7.67% over the last month but down 1.33% over the last six months [2] - Gold is priced at $3,295.05 per ounce, down 1.31% over the last month but up 17.05% over the last six months [2] Company News - RWA Group received strategic investment from Meta Strategy, which will support technology development and market expansion [11][12] - InnoTech responded to being selected as a partner for NVIDIA's 800V DC power architecture, indicating that the collaboration has not yet generated substantial orders [13] - BYD reported July sales of 344,296 new energy vehicles, a 10% month-on-month decrease [14] - Apple plans to increase spending on data centers and acquisitions to catch up with competitors in AI [15] Economic Indicators - The US ISM Manufacturing PMI fell to 48 in July, indicating a contraction for the fifth consecutive month [17] - The US has raised tariffs on several Asian countries, with rates reaching up to 40% [16] - Trump's administration announced a 35% tariff on certain imports from Canada, while maintaining exemptions under the USMCA [18]

Core Viewpoint - The company Dayu Water-saving is leveraging multi-party collaboration in the agricultural industry to promote the tokenization of high-end agricultural products and water assets, providing new financial support for agricultural development [1][3]. Group 1: Company Overview - Dayu Water-saving was listed on the Growth Enterprise Market in October 2009 and focuses on solving issues related to agriculture, rural areas, and water resources, establishing a complete digital water management ecosystem [1]. - The company has a global presence, with products and services spanning over 60 countries and regions [1]. Group 2: Technological Innovation - The chairman of Dayu Water-saving emphasized the critical role of technological innovation in agricultural development, highlighting the transformative potential of AI, robotics, and blockchain technologies [1]. - The company is exploring the application value of RWA in the circulation of agricultural assets to support the modernization of agriculture [1]. Group 3: Agricultural Initiatives - Dayu Water-saving's agricultural division collaborates with American company Driscoll's for high-end berry cultivation and engages in various high-value-added planting businesses, including peppers, potatoes, and processed tomatoes [1][2]. - The company has developed a fully automated data collection and intelligent irrigation system to support its agricultural operations, ensuring product quality and data-driven asset management [1]. Group 4: Strategic Partnerships - Dayu Water-saving has signed strategic cooperation agreements with Kosta Group and Zhongke Yuandian to focus on technology research and development in the blueberry industry and optimize facility agriculture [2]. - The collaboration aims to scale up blueberry cultivation and promote the application of intelligent harvesting robots in modern agriculture [2]. Group 5: RWA Development - The company has noted attempts in some regions to explore RWA for high-end agricultural products, viewing it as a significant step in combining agricultural assets with digital finance [3]. - Dayu Water-saving is actively researching and promoting the RWA path for high-end agricultural products and water assets, although it has not yet generated revenue from RWA activities [3].

Core Viewpoint - RWA (Real World Assets) is emerging as a significant narrative in the financial sector, with the potential to transform traditional assets into tokenized forms, leading to a market size of approximately $16 trillion by 2030, which could represent 10% of global GDP [5][6]. Summary by Sections Definition of RWA - RWA refers to tangible and intangible assets in the real world, such as real estate, gold, bonds, and intellectual property [6]. - In the context of blockchain and fintech, RWA represents a financial revolution by tokenizing traditional assets, making them more accessible for investment [7]. Mechanism of RWA - RWA allows traditional assets to be fragmented and sold on blockchain platforms, enabling broader participation in high-value assets [8]. - It provides a financing channel for asset holders and investment opportunities for funders, theoretically achieving a win-win situation [9]. Comparison with P2P Lending - RWA is seen as an evolution of the P2P lending model, replacing internet platforms with blockchain technology to enhance transparency and trust [9]. - Unlike P2P, which relies on borrower credit, RWA uses verifiable real assets as collateral, making the process more reliable and less prone to manipulation [9]. Challenges and Risks - Despite improvements, RWA still faces risks similar to those that led to the collapse of P2P lending, particularly concerning asset verification and the potential for fraudulent projects [12]. - The liquidity and pricing of non-standardized assets linked to RWA can be volatile, posing additional risks to investors [13]. Geopolitical Implications - RWA is not just a financial innovation but also a geopolitical tool, with significant influence from state-level actors and major financial institutions [15]. - The global RWA market is projected to reach approximately $255 billion by mid-2025, with private credit and U.S. Treasury securities dominating the landscape [15]. Financial Sovereignty Concerns - The rise of RWA could challenge national monetary policies and financial sovereignty, as it facilitates capital flows into U.S. dollar-denominated assets, potentially undermining local currencies [17][19]. - Countries are exploring local stablecoins to mitigate risks associated with the dominance of dollar-based stablecoins and RWA [18]. Conclusion - RWA represents a complex interplay of financial technology, geopolitical strategy, and market dynamics, posing both opportunities and risks for individual investors [19].

Group 1 - The core concept of RWA (Real World Assets) is the tokenization of tangible and intangible assets, allowing them to be fractionalized and traded on blockchain platforms, potentially reaching a market size of $16 trillion by 2030, which is about 10% of global GDP [1][2][3] - RWA aims to provide a financing channel for asset holders and lower investment barriers for investors, echoing the goals of P2P lending but with a more reliable and transparent mechanism [3][4] - RWA utilizes blockchain technology and smart contracts to enhance transparency and security, addressing issues that plagued P2P lending, such as credit risk and information opacity [5][6][7] Group 2 - Despite improvements, RWA still faces risks related to the authenticity of underlying assets, as blockchain cannot verify the existence of off-chain assets, leading to potential issues with "fake" or low-quality assets [8][9] - The global nature of RWA introduces new complexities in risk management, as assets can be tokenized and sold across borders, creating challenges in regulation and legal recourse for investors [10][11] - RWA is increasingly influenced by state-level actors, with significant participation from government-backed assets like U.S. Treasury bonds, indicating its role as a geopolitical tool in the digital finance landscape [12][13] Group 3 - The rise of RWA could lead to a structural shift in global finance, potentially undermining local currencies and monetary policies as capital flows towards dollar-denominated assets [14][15] - Some regions are exploring local stablecoins to mitigate risks associated with RWA, aiming to maintain financial sovereignty while adapting to the evolving digital finance ecosystem [15][16] - Ultimately, RWA represents a convergence of financial technology, geopolitical strategy, and the quest for monetary authority, posing both opportunities and challenges for individual investors [16]