Important Market News - The People's Bank of China will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation on August 25, with a one-year term, resulting in a net injection of 300 billion yuan for August, marking the sixth consecutive month of increased operations [1] - Federal Reserve Chairman Jerome Powell indicated an openness to interest rate cuts in response to risks in employment growth and economic slowdown, despite ongoing inflationary pressures [1] Industry Insights - The 2025 China Computing Power Conference highlighted that by June 2025, the number of operational computing power centers in China is expected to reach 10.85 million, with intelligent computing power scaling up to 788 EFLOPS, indicating a significant increase in computing demand driven by AI advancements [2] - The upcoming 2025 China Operating System Industry Conference will showcase the latest applications of Chinese operating systems across various sectors, with the new version of the domestic operating system, Galaxy Kirin V11, set to be released [3] - NVIDIA announced the launch of a new AI computing platform, Jetson Thor, designed for humanoid robots, featuring a performance of up to 2070 TOPS, which is expected to drive advancements in the humanoid robotics industry [4] - The market for embodied intelligence is projected to exceed one trillion yuan by 2026, driven by rapid advancements in AI models and technology [5] Stock Movements - Tiancheng Technology announced that a shareholder plans to reduce their stake by up to 0.1% through market transactions [6] - Elon Technology's major shareholder intends to reduce their holdings by up to 1.69% through market transactions [6] - Juguang Technology reported multiple shareholders planning to reduce their stakes, totaling up to 3.48% of the company's total shares [6]