Group 1 - The core viewpoint of the news highlights the positive performance of the new energy sector, particularly in the context of the upcoming World Energy Storage Conference and recent policy changes that favor the storage industry [2][3] - The Shanghai Stock Exchange Sci-Tech Innovation Board New Energy Index (000692) shows mixed performance among its constituent stocks, with notable gains from companies like High Measurement Co., Ltd. (688556) and Jia Yuan Technology (688388) [1] - The recent inflow of funds into the Sci-Tech Innovation New Energy ETF (588830) indicates strong investor interest, with a total net inflow of 39.89 million yuan over three days [1] Group 2 - The World Energy Storage Conference is set to take place on September 17, 2025, in Ningde, Fujian, where significant industry developments are expected to be announced [2] - The National Development and Reform Commission's issuance of Document No. 136 signals a new development model for the energy storage industry, enhancing the profitability of storage projects [2] - The document's removal of mandatory storage requirements shifts the industry focus from cost competition to value creation, potentially optimizing the competitive landscape for leading firms in the energy storage supply chain [2]

Economic Policy - The State Council's executive meeting emphasized strengthening the domestic circulation as a strategic move to promote stable economic growth, focusing on boosting consumption and optimizing policies to release domestic demand potential [1][2] - The Ministry of Commerce announced a policy to encourage foreign investors to reinvest distributed profits in China through tax incentives, aiming to stabilize investment expectations and reduce costs [4] Market Developments - The Hong Kong Stock Exchange is discussing shortening the settlement cycle for the stock market from T+2 to T+1, aligning with global trends where 88% of stock markets are expected to adopt T+1 or T+0 by the end of 2027 [2][3] - The national maximum electricity load reached a record high of 15.06 billion kilowatts, an increase of 0.55 billion kilowatts compared to last year [3] Automotive and Retail Sector - From July 1 to 13, retail sales of passenger cars in China reached 571,000 units, a year-on-year increase of 7%, while cumulative retail sales for the year reached 11.47 million units, up 11% [3] - The retail sales of new energy vehicles during the same period were 332,000 units, marking a 26% year-on-year increase, with a penetration rate of 58.1% [3] Company News - Taiji Group announced a share buyback plan of between 80 million and 120 million yuan, with a maximum buyback price of 28.03 yuan per share [5] - Postal Savings Bank plans to invest 10 billion yuan to establish a wholly-owned subsidiary, which will not significantly impact its financial status [5] - Wuzhou Zhongheng Group intends to acquire 100% equity of Huzhou South Taihu Power Technology Co., a mature enterprise in the cogeneration sector, for 1.457 billion yuan [6] - Shankai Intelligent's actual controller will change to the Wuhan New District People's Government, with stock resuming trading on July 17 [6] Industry Insights - CITIC Securities reports that with ongoing reforms in the electricity market and the establishment of a capacity pricing mechanism, investment certainty in domestic energy storage projects will significantly increase, leading to continued high growth in installed capacity [7]