Market Overview - The market showed a fluctuating trend on August 21, with the Shanghai Composite Index rising by 0.13% and the Shenzhen Component Index falling by 0.06%[2] - Since early April, both markets have exhibited a moderate upward trend with increased trading volume, breaking new highs since the end of last year[1] Sector Performance - The digital economy sector, including network security, cross-border payments, and consumer electronics, performed well, while AI hardware and pharmaceuticals saw declines[1] - Energy, infrastructure, and traditional furniture sectors have lagged behind in year-to-date performance but showed strong gains in the last five days, indicating potential for catch-up growth[1] Fund Flow - On August 21, the Shanghai Stock Exchange experienced a net outflow of 4.453 billion yuan, while the Shenzhen Stock Exchange saw a net inflow of 3.947 billion yuan[4] Economic Indicators - China's total import and export value for the first seven months of the year reached 25.7 trillion yuan, a year-on-year increase of 3.5%, with exports growing by 7.3%[8] - In July, China's total electricity consumption surpassed 1 trillion kilowatt-hours for the first time, marking an 8.6% year-on-year increase[9] Investment Insights - A significant portion of private equity funds is focusing on technology growth sectors, with 42% of holdings in electronics, computers, and pharmaceuticals[14] - QDII funds have shown remarkable performance, with the highest returns exceeding 150% this year, making them the top-performing active equity funds in the market[15]

Core Viewpoint - The Hainan University Marine Clean Energy Innovation Team has made significant breakthroughs in the direct catalytic conversion of methane, achieving nearly 100% selectivity in converting gaseous methane into high-value liquid fuel methanol, providing a core technology solution with independent intellectual property rights for the efficient utilization of natural gas hydrate resources in the South China Sea [1] Group 1: Technological Breakthroughs - The new catalytic system developed by the team achieves a methanol selectivity of 99.7%, indicating almost "zero loss" in conversion efficiency [1] - The entire conversion process operates at a low temperature of only 70°C, enhancing safety, energy efficiency, and environmental friendliness for future industrial production [1] Group 2: Economic and Strategic Implications - The technology has high commercial application potential and economic value, enabling the efficient and low-cost conversion of "flammable ice" extracted from the depths of the South China Sea into clean methanol fuel [1] - This advancement is expected to significantly enhance China's energy security capabilities [1]