Market Performance - A-shares saw collective gains on July 22, 2025, with the Shanghai Composite Index rising by 0.62%, Shenzhen Component Index by 0.84%, and ChiNext Index by 0.61%, while the total trading volume reached approximately 1,893.038 billion yuan, an increase of about 193.058 billion yuan from the previous trading day [1] - Hong Kong stocks experienced a morning surge followed by a pullback, with the Hang Seng Index closing up 0.54% at 25,130.03 points and a total trading volume of 2,660.73 billion HKD [1] - U.S. stock indices showed mixed results, with the Dow Jones Industrial Average increasing by 0.40% to 44,502.44 points, while the Nasdaq Composite fell by 0.39% to 20,892.69 points [1] New Stock Listings - Jiyuan Group, with a stock code of 603262, was listed at an issuance price of 10.88 yuan per share and a price-to-earnings ratio of 25.51, focusing on dietary nutritional supplements and becoming a leading global supplier of HMB [3] - Shanda Electric Power, listed on the ChiNext with a stock code of 301609, had an issuance price of 14.66 yuan per share and a price-to-earnings ratio of 19.57, specializing in smart products for power systems and holding a leading position in the smart grid monitoring sector [3] Foreign Investment Trends - In the first half of the year, foreign investment in domestic stocks and funds increased by 10.1 billion USD, reversing a two-year trend of net reductions, with a notable increase of 18.8 billion USD in May and June [4] - The total amount of foreign-held domestic RMB bonds exceeded 600 billion USD, indicating a stable and sustainable growth potential for foreign investment in RMB assets [4] Industry Developments - Shanghai's Economic and Information Technology Commission released an action plan for the high-quality development of the next-generation display industry from 2026 to 2030, focusing on the production of smart glasses and the integration of AI+AR and AI+MR technologies [5] - The plan emphasizes the development of lightweight, low-power, high-resolution, and wide-field-of-view smart glasses, aiming to enhance product performance through innovation in key components [5]