Macro Economy - The People's Bank of China announced a 600 billion yuan medium-term lending facility (MLF) operation to maintain liquidity in the banking system, with a one-year term [2] - From January to July 2025, 36,133 new foreign-invested enterprises were established in China, a year-on-year increase of 14.1%, while the actual use of foreign capital decreased by 13.4% to 467.34 billion yuan [2] - The Ministry of Industry and Information Technology released interim measures for the total quantity control of rare earth mining and separation, indicating state control over these activities [2] - The China Photovoltaic Industry Association called for a halt to malicious competition below cost and emphasized a shift towards high-quality competition driven by innovation [2] - The National Development and Reform Commission announced plans to stabilize the live pig market by conducting central frozen pork reserve purchases [2] - The National Financial Regulatory Administration issued measures to support the construction of a cross-strait integration development demonstration zone in Fujian, allowing Taiwanese residents to apply for housing loans under the same conditions as local residents [2] Investment News - The China Securities Regulatory Commission released interim regulations for internet marketing management by futures companies, effective from October 9, 2025 [4] - The Shanghai Composite Index surpassed 3,800 points, reaching a 10-year high, with trading volume exceeding 2.57 trillion yuan on August 22, marking a record-breaking streak of eight consecutive trading days above 2 trillion yuan [4] - Over 1,100 actively managed equity funds reached historical net asset value highs in the past three trading days, with 98% of these funds yielding positive returns averaging 20.14% year-to-date [4] - The first batch of 10 science and technology innovation bond ETFs has seen its total scale exceed 110 billion yuan, growing approximately 307% from its initial size [4] - The Hang Seng Index will adjust its constituent stocks, increasing the number from 85 to 88, effective September 8, 2025 [5] Company Movements - NIO's CEO stated that maintaining high prices would hinder market competitiveness, noting that the cost of the new ES8 is significantly lower than the previous model while still maintaining a profit margin [7] - Alibaba restructured its business segments on its official website, categorizing them into four main groups without changing the internal reporting structure [7] - Tesla partnered with Volcano Engine to provide large model services for its new Model Y L, integrating two models through Volcano Engine [7] - Jiangsu Guotai plans to use up to 12 billion yuan of idle funds for entrusted wealth management, focusing on low-risk financial products [7] - Dongfeng Motor Group announced that its subsidiary, Lantu Motors, will go public in Hong Kong through an introduction, while Dongfeng Group will simultaneously complete its privatization [8]