Group 1 - The article discusses the announcement by President Trump on July 4 regarding new unilateral tariff rates, which are expected to take effect on August 1, with rates potentially ranging from 10% to 70% [1] - The U.S. employment data for June indicates economic resilience, leading to a decrease in market expectations for Federal Reserve interest rate cuts [1] - The uncertainty surrounding trade policies and the impending end of the suspension period for reciprocal tariffs may cause market disruptions [1] Group 2 - Investors are encouraged to pay attention to cash flow ETFs, specifically ETF 159399, which has outperformed the CSI Dividend Index and the CSI 300 Index for nine consecutive years from 2016 to 2024 [1] - The investment theme for the year is expected to focus on "large and mid-cap stocks + central state-owned enterprises + abundant cash flow" [1] - For investors without stock accounts, options include the Guotai FTSE China A-Share Free Cash Flow Focused ETF Initiated Link A (023919) and Link C (023920) [1]

Core Viewpoint - The listing of Drip Irrigation Investment marks the beginning of a new investment paradigm focused on cash flow-based investing, providing diverse opportunities for investors while supporting small and micro enterprises [1][4]. Group 1: Company Overview - Drip Irrigation Investment has submitted a listing application to the Hong Kong Stock Exchange, with HSBC as its sole sponsor, indicating the start of its listing journey [1]. - The company was established on May 23, 2025, in the Cayman Islands, with an initial authorized share capital of 3 billion shares [3]. - Drip Irrigation Investment is a closed-end investment company that has not yet commenced operations or business activities [3]. Group 2: Investment Strategy - The company focuses on three major market opportunities: 1. Asset-Based Cash Rights, providing liquidity to private equity and venture capital investors [5]. 2. Business-Based Cash Rights, supporting the development of the real economy without diluting equity [5]. 3. Corporate-Based Cash Rights, aiding early-stage entrepreneurs with essential capital to avoid failures due to funding shortages [5]. Group 3: Financial Performance and Projections - As of June 20, 2025, Drip Irrigation has raised a cumulative financing amount of 5.545 billion Macanese Patacas and a cumulative income-sharing amount of 3.413 billion Macanese Patacas [3]. Group 4: Listing Methodology - Drip Irrigation Investment plans to list under the rare Chapter 21 of the Hong Kong listing rules, which allows companies without a specific main business to apply for listing, focusing on the rationality of investment strategies and internal controls [7]. - The company’s listing documents are available only in English, and it has not disclosed specific performance data in its prospectus [7]. Group 5: Market Impact - If successful, the listing will standardize and systematize the allocation of funds to diverse asset classes that traditional debt and equity markets cannot effectively reach, injecting non-dilutive capital into the real economy [8].

Core Viewpoint - Drip Irrigation International Investment Limited, founded by Li Xiaojia, has submitted its listing application to the Hong Kong Stock Exchange, marking the beginning of its journey to go public [1] Group 1: Company Overview - Drip Irrigation International Investment Limited is focused on cash flow investments and plans to hire an investment management company under Drip Irrigation Group for managing its investments [1] - The company aims to systematically, scale-wise, and diversely invest the raised funds into various cash flow investment opportunities [1]