Core Viewpoint - The launch of personal computers equipped with the Harmony operating system in Chengdu marks a significant breakthrough for domestic operating systems in the PC sector, with Huawei's executive expressing ambitions for Harmony to become one of the top three global operating systems [1] Group 1: Product and Technology - Harmony OS showcases strong technical capabilities with an integrated hardware-software design and the introduction of AI features to enhance user experience [1] - The launch disrupts the existing market dominance of Windows and macOS, presenting new opportunities for the development of information technology in China [1] Group 2: Market Implications - The future strategy involves accelerating the layout of the Harmony ecosystem to promote the realization of an all-scenario intelligent experience [1]

Group 1: Domestic Technology Developments - Huawei officially launched its first personal computers running the HarmonyOS, marking a significant breakthrough for domestic operating systems in the PC sector [1] - The Ministry of Industry and Information Technology and eight other departments issued an implementation opinion to accelerate the high-quality development of the technology service industry, focusing on R&D, technology transfer, and enterprise incubation [3] - The National Bureau of Statistics reported that high-tech manufacturing added value grew by 10% in April, outpacing overall industrial growth by 3.9 percentage points, indicating a positive trend in high-tech industries [6][10] Group 2: Foreign Investment Trends - The State Administration of Foreign Exchange reported a net inflow of $17.3 billion in cross-border funds in April, with foreign investment in domestic stocks turning to net buying in late April [2] - Morgan Stanley's managing director indicated that over 80% of investors are likely to increase their exposure to Chinese stocks, driven by positive developments in US-China trade negotiations [4] Group 3: Market Opportunities and Growth - NVIDIA's CEO highlighted that the data center market is evolving into a nearly trillion-dollar opportunity, driven by advancements in AI and accelerated computing technologies [7] - The Shenzhen Stock Exchange reported a 214% year-on-year increase in major asset restructurings among listed companies since September 2024, reflecting a shift towards new productivity [8] - The National Bureau of Statistics emphasized that China's investment potential remains significant, supported by ongoing industrial upgrades and substantial demand in the social welfare sector [9]

Core Viewpoint - Huawei has launched the world's first foldable HarmonyOS computer, the MateBook Fold, marking a significant milestone in China's desktop operating system autonomy and opening new pathways for the electronic information industry [1][2]. Group 1: Product Launch and Features - The MateBook Fold integrates self-developed chips, a distributed operating system, and a foldable design, representing a breakthrough in the PC industry [1]. - The HarmonyOS 5 system, which powers the MateBook Fold, boasts transmission speeds three times faster than competitors and supports one-time development for multi-end deployment, reducing development costs and cycles [2][3]. - The foldable design addresses long-standing challenges in the PC industry regarding screen size and portability, indicating a shift towards more flexible and efficient productivity tools [3]. Group 2: Market Position and Ecosystem - The launch of the HarmonyOS computer establishes a "third pole" in global operating systems alongside Windows and macOS, enhancing the competitiveness of the domestic software ecosystem [2]. - Huawei's "1+8+N" strategy aims for seamless interconnectivity between the HarmonyOS PC and other devices, such as smartphones and smart home products, reinforcing the ecosystem's collaborative effects [4]. - IDC predicts that global shipments of foldable PCs will exceed 5 million units by 2025, with Huawei expected to capture 30% of the market share, creating a potential 200 billion yuan incremental market [4]. Group 3: Industry Impact and Innovation - The introduction of the HarmonyOS computer is seen as a key step in promoting innovation within the PC industry ecosystem, encouraging software developers to explore new interaction modes and application experiences [4]. - The rapid development of the HarmonyOS ecosystem is supported by over 150 dedicated computer applications and more than 1,000 integrated applications already adapted to the system, with expectations to exceed 2,000 by the end of the year [6]. - The integration of AI with the HarmonyOS computer is expected to reshape human-computer interaction and multi-end collaboration, providing a robust environment for the development of AI applications [7][8].

Core Viewpoint - Huawei's launch of the new HarmonyOS computers, HUAWEI MateBook Pro and HUAWEI MateBook Fold, signifies a significant breakthrough in the domestic desktop operating system market, which has been dominated by Windows and macOS for years. However, the path to widespread adoption remains challenging [1][3]. Group 1: Market Context - The global desktop operating system market is highly concentrated, with Windows and macOS holding nearly 90% market share. The domestic software industry has faced significant challenges in ecosystem development due to its late start [3]. - Previous attempts at developing domestic operating systems were primarily based on Linux, lacking a fully autonomous technical system. The HarmonyOS computers represent a move towards a self-controlled technology framework [3][4]. Group 2: Technological Advancements - HarmonyOS is the first domestic system to achieve "mobile and desktop ecosystem integration," allowing for "one-time development and multi-end deployment," which creates new opportunities for domestic software development, particularly in office software, creative design, and educational applications [4][5]. - The HarmonyOS ecosystem has surpassed 1 billion devices, with 7.2 million registered developers and over 110 million lines of code developed independently, covering all aspects from the operating system kernel to AI frameworks [4]. Group 3: Strategic Importance - The launch of HarmonyOS computers is a critical step in the ecosystem's development, completing Huawei's range of devices from HarmonyOS smartphones and tablets to computers, thus fully entering the Harmony era [5][6]. - The introduction of the HUAWEI MateBook Fold, featuring an 18-inch display, represents a significant innovation in the PC industry, showcasing advancements in technology integration and user experience [6][7]. Group 4: Challenges and Opportunities - Despite the advancements, consumer sentiment remains cautious, with many potential buyers still accustomed to Windows and macOS interfaces, indicating a slow transition to new operating systems [8][9]. - The success of HarmonyOS computers hinges on ecosystem development, with Huawei working to adapt applications for the new system. Currently, 150 dedicated applications are in development, with over 300 applications already adapted, aiming to support more than 2,000 by year-end [8][9]. - The long-term challenge for HarmonyOS is to expand its ecosystem and enhance user experience, requiring collaboration across the entire Chinese industry chain [9].

Group 1: Shenzhen Stock Exchange Global Investor Conference - The Shenzhen Stock Exchange held the 2025 Global Investor Conference, emphasizing that investing in China offers higher certainty [1] - The China Securities Regulatory Commission (CSRC) aims to enhance the systematic nature of foreign investment and improve communication mechanisms with international investors [1] Group 2: Huawei's New Product Launch - Huawei officially launched the HUAWEI MateBook Pro, marking a significant breakthrough for domestic operating systems in the personal computer sector [2][3] Group 3: TaiLi Technology's IPO - TaiLi Technology Group officially listed on the Shenzhen Stock Exchange's ChiNext board, issuing 27.07 million new shares at a price of 17.05 yuan per share, with an opening price of 45 yuan, reflecting a 163.93% increase from the issue price [4] - The company specializes in advanced functional materials, having developed key technologies in the nanomaterials field [4] Group 4: Macau Banking Sector - As of March 2025, the proportion of international business in Macau's banking sector increased, with international assets rising from 83.3% to 83.7% of total bank assets [5] - The stability of international liabilities remained at 80.9%, indicating a growing integration of Macau's financial market with international markets [5][6] Group 5: Shenzhen Stock Market Performance - On May 19, the Shenzhen Component Index closed at 10,171.09 points, down 0.08% [7] - TaiLi Technology saw a significant increase in stock price, reaching 54.30 yuan, up 218.48% [8]

余承东介绍，通过"软件、硬件、端侧、云侧"深度整合，鸿蒙电脑使得人们可以体验多屏协同、触控交互、分屏操控等全新的交互模式，它支持华为手机、 电脑、平板等多设备共享键盘和鼠标，能实现在各种不同设备间自然、无缝、无感的跨设备连接。 国产操作系统的发展，也将为运行在其中的国产软件创造更肥沃的"土壤"。业内人士透露，此前，国产应用软件在Windows平台的发展面临多重挑战。一方 面，由于起步较晚，在行业格局基本成型后才入局，国产软件融入已成型的生态体系难度较大；另一方面，Windows 庞大的兼容体系带来适配难度，例如 在实现手机和电脑互联等新功能时，存在较高的适配成本。而鸿蒙系统能更灵活、更快速地支持开发者实现更先进的交互体验和功能迭代，为国产软件发展 开辟新路径。 5月19日，华为发布鸿蒙电脑HUAWEI MateBook Pro和HUAWEI MateBook Fold 非凡大师两款电脑，售价分别为 7999元起、23999元起。两款鸿蒙电脑的首 次发布，标志着我国在PC（个人电脑）领域实现了内核层自主可控的重要突破。 "多年来，在电脑操作系统领域，Windows和macOS形成了强大的壁垒，但是我们坚持做难而 ...

Group 1 - Huawei officially launched its Harmony OS computers, with the first foldable model priced at 23,999 yuan and the MateBook Pro starting at 7,999 yuan, marking a significant expansion into the desktop ecosystem [1] - The Harmony OS 5 aims to deepen the integration between mobile and desktop environments, showcasing a foldable design with an 18-inch display that folds to 13 inches, weighing only 1.16 kg [1] Group 2 - The State Administration of Foreign Exchange reported a positive trend in foreign investment in RMB assets, with foreign investors increasing their holdings of domestic bonds by 10.9 billion USD in April [2] - In late April, foreign investment in domestic stocks turned into net purchases, indicating a growing confidence in the Chinese market [2][3] Group 3 - Xinhua Insurance has been approved to participate in the third batch of long-term investment reform pilot programs, planning to establish the Honghu Fund Phase III, which has received regulatory approval [4] - This marks the third consecutive phase of the Honghu Fund initiated by Xinhua Insurance, reflecting a commitment to long-term investment strategies [4] Group 4 - Despite triggering "serious abnormal fluctuations," Chengfei Integration has seen its stock price rise for nine consecutive trading days, with a cumulative increase of 135.8% since May 7 [6] - The company has a low revenue contribution from its core aviation parts business, indicating that its recent stock performance may be driven more by market speculation than fundamental business strength [6][7] Group 5 - At least six rare earth material companies have received export licenses from the Ministry of Commerce, amid ongoing export control measures on certain rare earth elements [7] - The supply of rare earths may face short-term reductions due to various factors, although industry experts predict that prices will not experience significant fluctuations this year [7] Group 6 - The U.S. stock market experienced a collective decline, with major indices falling due to Moody's downgrade of the U.S. credit rating, impacting technology stocks significantly [8] - Notable declines were observed in major tech stocks, with Tesla dropping over 3% and other companies like Nvidia and TSMC also experiencing losses [8] Group 7 - The UK is expected to agree to restart trade and defense cooperation with the EU, marking a significant shift in relations since Brexit [9] - This move aims to boost economic growth and enhance security in the European region [9] Group 8 - The U.S. Congress is reviewing President Trump's comprehensive tax reduction bill, which has passed a key committee, but still faces challenges ahead [10][11] - The House Rules Committee is set to review the bill, with a potential vote expected later in the week [11][12] Group 9 - Ctrip's report indicates a strong recovery in the tourism sector for the upcoming Dragon Boat Festival, with domestic and inbound travel showing significant growth [14] - The report highlights a 100% increase in hotel search interest for inbound travel, suggesting a robust rebound in the tourism industry [14]

Core Points - Huawei officially launched the nova 14 series and its first HarmonyOS 5-powered foldable computer on May 19, marking a significant step in the development of domestic operating systems [1][3] - HarmonyOS 5 is positioned as a representative of domestic operating systems, aiming to provide an alternative to the long-dominant Microsoft Windows and Apple MacOS [3][9] - The launch of the nova 14 series, starting at a price of 2699 yuan, is expected to rapidly increase the user base of HarmonyOS 5 [7][8] Product Development - HarmonyOS 5 is set to expand beyond high-end smartphones, with plans for public testing on the Mate series and Pura series devices starting in 2024 [8] - The nova 14 series features innovative AI capabilities, including intelligent image recognition and AI remote transfer, supported by advanced models [7] - The MateBook Fold represents a significant integration of mobile and computer ecosystems, showcasing HarmonyOS 5's versatility across devices [8][10] Market Positioning - HarmonyOS aims to break the near 90% market share held by Western operating systems, addressing the challenges faced by domestic systems that often rely on Linux [9] - Huawei has accumulated over 2700 core patents in the development of HarmonyOS, emphasizing its commitment to creating a fully autonomous operating system [9][10] Ecosystem Development - The ecosystem around HarmonyOS is growing, with partnerships from companies like Kingsoft and Wanjing Technology, which have adapted their software for HarmonyOS [11][13] - Kingsoft's WPS has successfully migrated over 40 million lines of code to HarmonyOS, ensuring compatibility and optimized performance [13] - Wanjing Technology introduced its professional editing software, which is deeply adapted to HarmonyOS computers, enhancing the creative capabilities available to users [15][16] Software Adaptation - Dongfang Caifu has completed the adaptation of its software for HarmonyOS, providing users with a comprehensive solution for financial data and trading needs [18]

每经记者｜王晶 每经编辑｜杨夏 在电脑领域，大尺寸屏幕与便携性总是难以兼得，但折叠电脑的出现成为一种新的解题思路。 5月19日下午，在一场发布会上，华为正式推出首款鸿蒙折叠电脑MateBook Fold非凡大师。"自2023年我们的非凡大师品牌诞生，华为推出了很多让科幻变 为现实的产品，今天我们带来了颠覆行业的电脑，解决了电脑便携和大屏无法兼容的历史难题。"会上，华为常务董事、终端BG（业务集团）董事长余承东 说道。 n B the first th t in ices, 2017-02- ESC Team is for the the stop t 2017 0:30 the state enter the 201 p of the r - 21 14 3 11 鸿蒙折叠电脑MateBook Fold非凡大师 图片来源：每经记者 王晶 摄 首款华为折叠鸿蒙PC备受外界期待，它也代表着国产操作系统在PC领域实现重要突破。不同于手机、平板所在的移动领域，电脑对于内核、框架以及生态 的要求更高。 单纯从产品形态上来看，华为的折叠屏PC和上述其他折叠PC差异不大，但由于搭载鸿蒙操作系统，华为MateBook Fol ...

Core Viewpoint - Huawei officially launched two models of the HarmonyOS computers, marking the first time the HarmonyOS has been introduced on the desktop, representing a significant breakthrough in China's electronic information industry [1][6]. Group 1: Product Launch - The two models released are the HUAWEI MateBook Pro and HUAWEI MateBook Fold, with the latter addressing challenges in foldable screen devices such as hinge design, large screen integration, heat dissipation, and battery life [1][5]. - HarmonyOS has been restructured from the kernel level, with over 2,700 patents filed, integrating software, hardware, edge, and cloud capabilities to enhance the overall computer experience [1][5]. Group 2: Technological Advancements - Users of HarmonyOS computers can experience new interaction modes such as multi-screen collaboration, touch interaction, and split-screen control, while developers can leverage the system's capabilities for a standardized ecosystem [5][6]. - HarmonyOS has achieved interoperability with over 1,100 peripheral devices and covers various application scenarios, including office work, creative design, entertainment, and education, with over 150 dedicated computer applications accelerating adaptation [5][6]. Group 3: Market Context - The release of HarmonyOS computers is seen as a practical application of the HarmonyOS across multiple terminals, validating the sustainability and reliability of Chinese software in the office and creative sectors [6]. - Historically, Chinese companies have attempted to develop domestic operating systems based on Linux but have not established a fully autonomous technology system until now with HarmonyOS [5].