Market Overview - The market continues to adjust with all indices in the red, as the Shanghai Composite Index closed at 3878 points, down 0.51%, and the ChiNext Index fell over 1% [1] - Trading volume increased to 1.67 trillion, indicating active fund movements and a significant shift in positions [1] Sector Analysis - Defensive sectors showed slight gains, with non-ferrous metals up 0.63% and transportation up 0.69%, aligning with characteristics of a volatile market [2] - Aggressive sectors faced severe declines, particularly in AI applications, with the computer and media sectors dropping over 2%, and the WEB3.0 index plummeting 4.44% [2] - The diamond cultivation index surged by 6.18%, indicating a strong interest in this sector, which merits further investigation [2] Industry Insights - The diamond cultivation sector is transitioning from a "concept" to a "profitable business," driven by a confluence of industry trends, improved fundamentals, and market sentiment [3] - The recent surge in diamond cultivation stocks reflects a shift of funds from overvalued AI sectors to this clearly defined and relatively reasonably valued niche [3] AI Sector Commentary - The significant drop in AI stocks, including ChatGPT and Web3.0, is viewed as a healthy market correction, eliminating speculative excess [4] - This downturn presents an opportunity for genuine AI companies with solid technology, applications, and revenue to re-establish their value [4] Policy Developments - The expansion of REITs to commercial real estate has been approved, which may not have an immediate impact on the stock market but represents a long-term benefit for companies holding operational assets [5] - This policy change could transform "dead assets" like hotels and shopping malls into cash-generating "live securities," altering valuation models for related sectors [5] Future Market Outlook - The market is expected to continue its oscillation, but the downside appears limited, influenced by domestic policy decisions and overseas liquidity expectations [6] - December is typically a time for positioning for the next year's main themes, with current fund choices indicating a preference for sectors with real industrial progress [6] - The strategy moving forward should focus on avoiding high valuations and delving deeper into industries with tangible growth [6] Diamond Cultivation Sector Fundamentals - Chinese companies are leading globally in high-temperature and high-pressure methods, with costs reduced to levels suitable for large-scale commercialization, forming the foundation of the industry's growth narrative [7] - The sector is supported by dual drivers of policy encouragement and changing consumer preferences, with younger consumers favoring quality, design, and cost-effectiveness over traditional diamond values [7] - Companies like Strength Diamond and China Ordnance are beginning to validate high growth expectations through production capacity and financial performance, providing solid support for stock prices [7]

中新网上海10月26日电 (记者 陈静)2025"数通链谷"杯第七届长三角区块链应用创新大赛决赛26日举 行。经过初赛和复赛环节的层层选拔，脱颖而出的38个优秀项目进入决赛。 这些项目覆盖政务治理、贸易与供应链金融、金融科技、智慧农业、数据要素应用、双碳与能源、智慧 建筑、医疗健康、数字资产等多个关键领域，全面展现了区块链技术作为底层支撑技术的广阔应用前景 和蓬勃创新活力。决赛现场吸引了逾百位政产学研融嘉宾、专家学者及从业者到场观赛。大赛在产业成 长组和创新项目组的基础上，新增设国际赛道-新科技金融组，吸引了来自多个国家和地区的Web3.0、 RWA(真实世界资产)等数字资产领域创新项目踊跃参赛，拓宽了赛事领域，彰显了国际化与前沿视野。 2025"数通链谷"杯第七届长三角区块链应用创新大赛决赛26日举行。(大赛组委会供图) 本届大赛由上海市委网信办、江苏省委网信办、浙江省委网信办、安徽省委网信办、上海市科学技术协 会指导，由上海市互联网业联合会、上海区块链技术协会主办，江苏省区块链发展协会、浙江省区块链 技术应用协会联合主办，上海长三角区块链产业促进中心承办。 大赛秉承以赛促用、以赛建标的理念，以"新质驱动· ...

Core Viewpoint - Empire Technology Group (00776) plans to issue up to 74.6485 million shares at a price of HKD 0.845 per share, representing a discount of approximately 19.52% from the closing price of HKD 1.050 on October 2, 2025 [1] Fundraising Details - The estimated total gross proceeds from the share placement will be approximately HKD 63.08 million, with net proceeds expected to be around HKD 62.35 million [1] - The share placement will increase the company's issued share capital by about 16.67% [1] Use of Proceeds - Approximately 48.67% of the net proceeds will be allocated to direct and/or indirect investments in the development of artificial intelligence (AI) technology to support the company's existing business [1] - About 35.29% of the net proceeds will be used for potential direct or indirect investments in identified commercial AI solution providers, including biotechnology [1] - Approximately 16.04% of the net proceeds will be allocated for general working capital and corporate purposes [1]