Economic Data Release - The National Bureau of Statistics of China will hold a press conference on August 15 to release various economic reports, including industrial production, fixed asset investment, real estate development and sales, retail sales, and energy production [2] - July financial data, including M2, new loans, and social financing, is expected to be released this week, with estimates of new RMB loans around 220 billion and social financing around 1.3 trillion, showing a year-on-year increase [3] - The People's Bank of China will have a total of 1.1267 trillion yuan in reverse repos maturing this week, with specific amounts maturing each day [4] Real Estate Market - The National Bureau of Statistics will also release the monthly report on commodity residential sales prices on August 15, with previous data indicating a decline in prices across major cities, although the rate of decline is narrowing [5] International Economic Data - Key international economic data to watch this week includes the UK unemployment rate, US CPI, and various economic indicators from Germany, Australia, and Japan [6] Sector Events - The 2025 World Humanoid Robot Games will be held in Beijing from August 14 to 17, focusing on the development of humanoid robots and their practical applications [8] - A new certification rule for mobile power supplies and lithium-ion batteries will be implemented on August 15, requiring compliance with updated standards [9] - The 2025 China (Guangzhou) Cross-Border E-Commerce Fair will take place from August 15 to 17, featuring over 1,000 supply chain companies and major cross-border e-commerce platforms [10] Corporate Actions - China Shipbuilding and China Heavy Industry stocks were suspended on August 13 due to a merger approval from the China Securities Regulatory Commission [15] - Over 300 A-share companies are set to release their semi-annual reports this week, including major firms like Kweichow Moutai and China Unicom [16] - Kaipu Cloud is planning a significant asset restructuring involving the acquisition of Shenzhen Jintaike Semiconductor Co., which may constitute a major asset restructuring [17] - Black Sesame's actual controller is set to change to Guanglv Health after an agreement to acquire a 20% stake from its current major shareholder [18] Lock-up Expiration - A total of 33 companies will have lock-up shares released this week, amounting to 3.057 billion shares with a total market value of approximately 232.51 billion yuan based on the closing price on August 8 [20] - The peak of lock-up expirations will occur on August 12, with seven companies releasing shares worth a total of 196.11 billion yuan, accounting for 84.35% of the week's total [20] New Stock Issuance - One new stock, Hongyuan Co., is set to be issued this week, with approximately 35.28 million shares expected to raise around 324 million yuan [24] Market Outlook - CITIC Securities emphasizes that model capability remains a key factor in the robotics sector, with significant advancements in perception and planning control capabilities [27] - Founder Securities notes that small-cap stocks still have room for valuation increases, with small-cap companies showing excess returns in 2025 [28] - Xiangcai Securities predicts that the A-share market will continue to operate in a "slow bull" manner in the second half of 2025 [29] - Great Wall Securities highlights investment opportunities in computing power across various segments due to increasing demand from AI applications [30] - Open Source Securities maintains a positive outlook on the technology sector, expecting strong performance from companies with solid earnings support [31]

Group 1 - The People's Bank of China and six other departments issued guidelines to support new industrialization, focusing on optimizing financial policies for key technology products and enhancing the resilience of industrial supply chains [2] - The guidelines emphasize the development of technology finance, green finance, and digital finance, aiming to support the transformation of traditional industries and the growth of emerging industries [2] - The guidelines also propose improving credit management mechanisms and financial products in the central and western regions to facilitate industrial transfer and resource allocation [2] Group 2 - On August 8, the central bank conducted a 700 billion yuan reverse repurchase operation to maintain liquidity in the banking system, indicating a continued implementation of moderately loose monetary policy [4] - As of the end of July, China's foreign exchange reserves stood at 32,922 billion USD, a decrease of 25.2 billion USD from the end of June, while gold reserves increased to 7,396 million ounces, marking the ninth consecutive month of increase [5] Group 3 - The Ministry of Industry and Information Technology and other departments released implementation opinions to promote innovation in the brain-computer interface industry, focusing on accelerating the development of implantable devices [6] - The Shanghai Municipal Government issued a development plan for the embodied intelligence industry, aiming for breakthroughs in core algorithms and technologies by 2027, with a target industry scale exceeding 50 billion yuan [7][8]

Core Insights - The robotics index has significantly outperformed the broader market index, indicating a strong growth trend in the robotics sector [1] - Embodied models are identified as the true driving force behind the current wave of robotics, with their market impact not yet fully reflected [1] - Recent advancements in perception, planning, control capabilities, and task success rates of these models have been substantial, but further improvements are needed for industrial and home applications [1] Industry Analysis - Model capability is deemed the primary factor for success, with companies that possess strong R&D capabilities, occupy key scenarios, and have access to quality data resources likely to gain competitive advantages [1] - The competition surrounding embodied models is expected to resemble that of previous large model competitions, suggesting a similar market dynamic [1] Company Recommendations - Three categories of companies are recommended for attention: 1) Hardware and software infrastructure companies 2) Data suppliers and physical AI companies 3) Companies focused on vertical scenario robotic applications [1]

Core Insights - The Shanghai Municipal Government has issued a notice regarding the "Implementation Plan for the Development of Embodied Intelligence Industry" [1] - The plan aims to achieve breakthroughs in core algorithms and technologies related to embodied models and embodied corpora, targeting at least 20 significant advancements by 2027 [1] - The initiative includes the establishment of at least 4 high-quality incubators for embodied intelligence, with goals to gather 100 key industry enterprises, implement 100 innovative application scenarios, and promote 100 internationally leading products [1] - The core industry scale of embodied intelligence in Shanghai is projected to exceed 50 billion yuan by 2027 [1]