Group 1: Stock Market Performance - Hang Seng Index dropped 222 points or 0.9% to close at 24,858 after four consecutive days of gains; China Enterprises Index fell 86 points or 1%, closing at 8,895; Hang Seng Tech Index declined 86 points or 1.6%, ending at 5,460. Total turnover of the market was HK$206.72 billion, and the net inflow of southbound capital was HK$6.271 billion [1] - Shanghai Composite Index fell 4 points or 0.1% to 3,635, with a turnover of RMB713.6 billion; Shenzhen Component Index dropped 29 points or 0.3% to 11,128, with a turnover of RMB996.7 billion; ChiNext Index declined 8 points or 0.4% to 2,333, with a turnover of RMB500.3 billion [1] - US stocks rose on Friday. The Nasdaq Composite Index rose 207 points or 1% to a record closing high of 21,450; the Dow Jones Industrial Average rose 206 points or 0.5% to 44,175; the S&P 500 Index rose 49 points or 0.8% to 6,389 [2] Group 2: Policy and Exchange Rate - The People's Bank of China conducted 7 - day reverse repurchase operations worth RMB122 billion at an unchanged rate of 1.4% on the 8th, with RMB126 billion of reverse repurchases maturing, resulting in a net回笼 of RMB4 billion. The central parity rate of the RMB against the US dollar was lowered by 37 points to 7.1382 [1] - On the 8th, the CFETS RMB exchange - rate index fell 0.90 week - on - week to 96.04; the BIS currency basket RMB exchange - rate index dropped 1.05 to 101.76; the SDR currency basket RMB exchange - rate index also declined 0.78 to 90.82 [2] Group 3: Company - Specific News - NVIDIA (NVDA.US) and AMD (AMD.US) agreed to pay 15% of their sales revenue from Chinese chips to the US government as a condition for obtaining export licenses to China. The US Commerce Department issued an export license for NVIDIA's H20 chips to China last week [2] - The WeChat public account "Yuyuantan Tian" under CCTV discussed the "backdoor" issue of NVIDIA's H20 AI chips. Professional人士 believe that functions like "tracking and positioning" and "remote shutdown" can be technically achieved [3] - In July 2025, the national consumer price index (CPI) was flat year - on - year. The average CPI for the first seven months of 2025 was 0.1% lower than the same period last year [3] - Greentown China (03900.HK) issued a profit warning, expecting its profit for the six months ended June to decline by about 90% compared to the same period in 2024, mainly due to uneven delivery rhythm and asset impairment losses [3] - HKT (00215.HK) reported its interim results for the six months ended June. Its turnover was HK$2.216 billion, up 7.7% year - on - year. It turned a profit of HK$6 million, compared to a loss of HK$12 million in the same period last year, and declared an interim dividend of 2.28 HK cents per share [4]