Group 1 - The "Shockwave Valve Treatment System" developed by Zhejiang University School of Medicine and Peijia Medical has been selected for the National Medical Products Administration's innovative medical device special review procedure, marking a significant breakthrough in the treatment of aortic valve calcification in China [1][3] - This system represents a shift from "artificial valve replacement" to "autologous valve repair," addressing the durability issues of implants for younger patients and the surgical challenges for complex calcified cases [1][2] - The technology utilizes advanced imaging guidance and energy control to precisely focus shockwave energy, effectively loosening calcified lesions while protecting surrounding healthy tissue, thus avoiding long-term complications associated with traditional implants [2] Group 2 - The inclusion of the Shockwave Valve Treatment System in the innovative channel reflects regulatory recognition of its originality and clinical value, which will accelerate its clinical trial and registration process [3] - Peijia Medical aims to expedite the clinical transformation of this technology to benefit a wide range of patients, especially in the context of the growing global population suffering from heart valve diseases [3] - The breakthrough signifies a new height in China's medical device innovation and indicates a shift towards more precise, minimally invasive, and personalized treatment for heart valve diseases [3]

Market Performance - The Hang Seng Index (HSI) closed at 25,082, up 0.7% for the day and 25.0% year-to-date (YTD) [1] - The MSCI Hong Kong index increased by 1.4% for the day and 26.9% YTD [1] - The KOSPI index showed a significant YTD increase of 34.5%, closing at 3,228 [1] Commodity Prices - Brent Crude oil price decreased by 0.9% to US$66 per barrel, down 8.3% YTD [2] - Gold prices rose by 0.8% to US$3,396 per ounce, with a YTD increase of 29.4% [2] - The Baltic Dry Index (BDI) surged by 92.7% YTD, closing at 1,921 [2] Economic Indicators - US consumer credit total was reported at US$5.1 billion, below the consensus of US$7.4 billion [3] - The US CPI for urban consumers increased by 0.3% month-over-month and 2.7% year-over-year [3] - The US PPI Final Demand YoY increased by 2.3%, slightly below the consensus of 2.5% [3] Trade and Exports - China's exports grew by 7.2% YoY in July, surpassing the 5.2% growth in June [5] - Imports into China increased by 4.1% YoY in July, indicating a rebound from previous months [7] - The strong export growth to non-US regions helped offset declines in exports to the US due to increased tariffs [6] Corporate Insights - China Mobile reported a 6% YoY increase in Q2 earnings to RMB53.6 billion, exceeding market expectations [13] - Hua Hong Semiconductor's Q2 results showed a gross profit margin of 10.9%, driven by a 6% QoQ increase in wafer shipments [16] - BeiGene's Q2 revenue reached US$1.32 billion, a 42% YoY increase, with significant contributions from its key products [24]