国家数据局局长刘烈宏：中国数字基础设施在规模、技术等方面处于世界领先地位，截至2025年6月底，5G基站总数达到455万个，千兆宽带用户达2.26亿户，算力总规模位居全球第二。 ...

Group 1 - The company, 香农芯创, announced the signing of a joint venture agreement with 无锡灵境云信息技术有限公司 to establish a new company named 无锡新威智算科技有限公司 [1] - The purpose of the joint venture is to respond to national policy directions and integrate various technologies, scenarios, and capital resources to create low-cost, green digital infrastructure [1] - The registered capital of the new joint venture is set at 120 million RMB, with the company contributing 30 million RMB, representing 25% of the total registered capital [1]

Group 1 - The core point of the article is the establishment of a joint venture between 香农芯创 and 无锡灵境云, aimed at creating a regional low-cost, green digital infrastructure to support industrial intelligence upgrades and digital economy development [1] - The joint venture company, named 无锡新威智算科技有限公司, will have a registered capital of RMB 12 million, with 香农芯创 contributing RMB 3 million, representing 25% of the total capital [1] - The initiative aligns with national policy directions and seeks to integrate various technologies, scenarios, and capital resources [1]

Core Viewpoint - The company has signed a joint venture agreement with Wuxi Lingjing Cloud Information Technology Co., Ltd. to establish Wuxi Xinwei Zhikang Technology Co., Ltd. with a registered capital of 120 million yuan [1] Group 1 - The company will contribute 30 million yuan, accounting for 25% of the registered capital [1] - The joint venture aims to create regional low-cost, green digital infrastructure to support industrial intelligence upgrades and the development of the digital economy [1] - The investment does not involve related party transactions and does not constitute a major asset reorganization [1]

Group 1: Market Trends and Strategies - The company anticipates that overseas adoption of liquid cooling will accelerate, particularly in Europe and the U.S., with AI servers expected to enter the liquid cooling era by next year [1] - The company is focusing on expanding its overseas market presence, with orders already in Southeast Asia and plans to penetrate the Far East Asia-Pacific market [2] - The company has confirmed overseas order revenue of CNY 47.72 million for 2024, covering regions such as Malaysia, Singapore, Thailand, Vietnam, the Philippines, and Oman [3] Group 2: Product Development and Technology - The company offers a comprehensive liquid cooling solution, including various systems such as fluorinated and water-cooled plates, and has successfully deployed these solutions in the Middle East [4] - The company is developing products based on NVIDIA's NV72 architecture, leveraging its existing technology base for domestic market needs [2] - The liquid cooling solutions include features like rapid deployment and integration capabilities, ensuring a seamless transition from construction to operation [4] Group 3: Strategic Partnerships and Clientele - Key strategic clients include Alibaba, ByteDance, Huawei, Qinhuai, Baidu, and Tencent, with the company maintaining a healthy order situation and normal operational activities [5] - The company aims to enhance its ability to provide comprehensive solutions throughout the entire lifecycle of digital infrastructure, responding quickly to client needs [5]

自 2022年以来，阿波罗管理的基金已向其所谓的"下一代基础设施投资"领域投入了约380亿美元，这些 投资涵盖可再生能源和数字平台等领域。 今年1月，该公司同意收购Argo Infrastructure Partners——该公司专注于投资数字基础设施、可再生能 源、交通运输及其他行业。 阿波罗公司总裁Jim Zelter在周二的财报电话会议上向分析师们强调："我们特别看好在人工智能基础设 施项目方面的融资机会。"他指出，这些项目的很大一部分都需要私募资金的支持。 Stream Data Centers负责建设、租赁、管理和运营大型数据中心园区。该公司已与包括信安资产管理 (Principal Asset Management)在内的多家投资者合作，共同开发了超过20个园区。与阿波罗公司的合作 将推动在芝加哥市区、亚特兰大和达拉斯的数据中心业务发展。 阿波罗全球管理公司(APO.US)同意收购Stream Data Centers的多数股权，这是这家另类资产管理公司首 次进行此类收购行动，此举旨在利用数字基础设施需求激增的契机实现发展。这家资产管理公司在周三 的一份声明中表示，该协议将使阿波罗管理的基金有可能 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The overall sentiment of stock index futures is positive, with the Shanghai Composite Index rising nearly 1% and financial stocks leading the gain, indicating signs of large - scale capital inflow. It is advisable to continue holding IM long positions [1][7]. - The stock index option market maintains a view of moderate growth. It is recommended to continue holding covered options to maintain positive delta and negative gamma exposures and obtain time - value decay benefits [2][7]. - The bond market shows differentiation. Short - term bonds may perform better, and there is a higher odds of steepening the yield curve in the medium term [3][9]. 3. Summary by Directory 3.1 Market Views Stock Index Futures - The basis of IF, IH, IC, and IM current - month contracts are - 8.45, - 1.33, - 37.84, and - 33.08 points respectively, with a month - on - month change of - 2.95, - 2.14, - 6.70, and - 5.19 points [7]. - The spreads between current - month and next - month contracts of IF, IH, IC, and IM are 13.0, - 1.6, 66.8, and 72.4 points respectively, with a month - on - month change of 0.6, - 1.4, 5.2, and 3.2 points [7]. - The total open interest of IF, IH, IC, and IM changes by 1005, 660, - 1806, and - 7110 lots respectively [7]. - The market continues to rise, and there are positive factors for the August market, such as pre - parade risk - preference support, limited impact of the earnings season, and potential benefits from a weaker US dollar [1][7]. Stock Index Options - The trading volume of the option market is 4.72 billion yuan, a decrease of 8.06% from the previous day. The liquidity continues to decline, but the trading volume of the broader market increases marginally [2][7]. - Most varieties' open - interest PCR continues to rise, and the skewness mainly declines, indicating that the market starts to trade the upward expectation again after a short consolidation [2][7]. - The implied volatility of varieties such as 50ETF, 300ETF, and MO fluctuates at a low level, and that of Shanghai 500ETF rises slightly. The low - level implied - volatility fluctuation may continue [2][7]. Treasury Futures - The trading volume and open interest of T, TF, TS, and TL current - quarter contracts change to varying degrees. The spreads between current - quarter and next - quarter contracts, cross - variety spreads, and basis also change [8]. - The central bank conducts 16.07 billion yuan of 7 - day reverse repurchases, with 44.92 billion yuan of 7 - day reverse repurchases maturing, resulting in a net withdrawal of 28.85 billion yuan from the open market [8]. - The long - end of treasury bonds performs better than the short - end, and the yield curve flattens. The loose funding situation is beneficial to the bond market, while the strong equity market and the release of pro - growth policies are negative factors for the bond market [3][8][9]. - Operation suggestions include being cautiously optimistic about trends, paying attention to short - selling hedging at low basis levels, appropriately paying attention to basis widening, and having a higher odds of steepening the yield curve in the medium term [9]. 3.2 Economic Calendar - The economic data to be released this week include the US factory orders month - on - month rate in June, the US ISM non - manufacturing PMI in July, China's trade balance in July, the UK central bank's benchmark interest rate in August, the US initial jobless claims for the week ending August 2, and China's M2 money supply annual growth rate in July [11]. 3.3 Important Information and News Tracking - 16 departments including the National Disease Control Bureau jointly issued the Implementation Plan for the Health Environment Promotion Action of the Healthy China Initiative (2025 - 2030) to promote the construction of a beautiful and healthy China [12]. - Seven departments including the central bank jointly issued the Guiding Opinions on Financial Support for New - style Industrialization, aiming to promote the deep integration of the digital economy and the real economy [12]. - Fed's Daly said that the time for interest - rate cuts is approaching, and two interest - rate cuts this year are still an appropriate adjustment. There may be fewer than two cuts, but more cuts are more likely [12]. - On the afternoon of August 5, the power load of the Chongqing power grid reached 30.28 million kilowatts, a new high this summer, an increase of 6.7% compared to last year's highest load [13]. - The World Semiconductor Trade Statistics Organization (WSTS) announced that the global semiconductor market size from January to June this year reached $346 billion, a year - on - year increase of 18.9% [13].

格隆汇8月6日｜国际要闻： 1、美股三大指数集体收跌，英特尔涨超3%，中概指数跌0.56%； 2、美国原油期货收跌1.7%，纽约天然气跌超2.6%； 3、美高官预告：将就美国无人机发展问题发表"重大声明"； 4、特朗普：未来一周内将宣布药品关税 下周前后发布半导体政策； 5、特朗普：万斯最有可能成为下届总统候选人； 6、美国6月贸易逆差602亿美元 为2023年9月以来最小； 7、消息称英特尔18A工艺陷质量困境 高端芯片生产受阻； 8、消息称iPhone 17系列将出现显著涨价； 9、多位价值投资大师减持苹果股票值得警惕； 10、AMD盘后跌逾4%，第二季度调整后净利润7.81亿美元同比下降31%； 11、超微电脑盘后大跌近16%，第四财季业绩不及预期； 6、七部门：加强对5G、工业互联网、数据和算力中心等数字基础设施建设的中长期贷款支持； 7、证监会正着手加强对资本市场造假第三方的约束力度； 8、上海召开夜间经济发展座谈会，将打造24小时夜上海消费新地标； 9、贵州市场监管部门开展行政约谈，整治平台企业价格乱象； 10、宇树发布新款四足机器狗； 11、光伏龙头企业密集减产自救 超三成玻璃产能已"休眠"； ...

Group 1: Market Overview - The A-share market showed a strong upward trend, with the Shanghai Composite Index returning to 3600, led by the military and robotics sectors. The total market turnover reached 1.61 trillion, an increase from the previous trading day, with all 31 Shenwan first-level industries rising and nearly 3700 stocks gaining [2][21] - Current market sentiment remains optimistic, with expectations for the index to continue rising until it surpasses the high point from October 8 of the previous year. Short-term support for the index is strong around 3420 points, which can be used as a reference for market strength [2][21] - The long-term upward trend is supported by recent policy shifts indicating a focus on fiscal spending directed towards households, such as the introduction of birth subsidies, which, while still less than those in developed countries, signal a shift in policy direction [2][21] Group 2: U.S. Market Insights - The U.S. stock market indices rebounded strongly, with the Dow Jones Industrial Average rising by 1.34%, the Nasdaq by 1.95%, and the S&P 500 by 1.47%. Market expectations are leaning towards a Federal Reserve rate cut in September, with strong buying interest driving the indices back into an upward trend [3][26] - The trade war has resulted in increased tariff revenues for the U.S., and the healthy state of household balance sheets allows consumers to manage the impact of moderate tariffs. In contrast, non-U.S. economies face risks due to previous currency appreciation affecting export revenues [3][26] Group 3: Policy and Industry Developments - The China Passenger Car Association has raised its forecast for 2025 passenger car retail sales growth to 6%, predicting total retail sales of 24.35 million vehicles and exports of 5.46 million vehicles, reflecting a 14% increase [40] - The Chinese government is enhancing support for emerging industries and digital infrastructure, including 5G and industrial internet, to prevent "involution" competition and promote high-quality development [40] - The European Union has not yet reached a consensus with the U.S. on a trade agreement, while Japan's government advisory group has recommended a significant increase in the minimum wage, marking the largest increase since 1978 [40]

Group 1 - Alibaba's cloud computing division, Alibaba Cloud, will provide digital infrastructure support for the 2026 Dakar Youth Olympic Games [1][3] - A signing ceremony was held in Hangzhou with representatives from the International Olympic Committee, Dakar Youth Olympic Games Organizing Committee, and Alibaba Cloud [3] - Alibaba Cloud will enhance event operational efficiency and digital interaction experience through a range of technologies [3] Group 2 - The digital torch technology from Alibaba Cloud, which was a highlight at the 2024 Gangwon Winter Youth Olympic Games, will also be featured at the Dakar Youth Olympic Games [3] - The Dakar Youth Olympic Games will be the first Olympic series event held in Africa, and the collaboration with Alibaba Cloud aims to ensure smooth event operations [3] - The event is scheduled to open on October 31, 2026, with competitions taking place in Dakar, Jamniya, and Saly, Senegal [3]