国际要闻： 20、南下资金净买入港股51.6亿港元，大幅加仓快手、中芯国际和美团； 21、公告精选︱长江电力：控股股东拟增持40亿元-80亿元公司股份；景旺电子：拟50亿元对景旺电子 珠海金湾基地进行扩产投资； 大中华区要闻： 1、鲍威尔暗示或在9月降息，美股大涨！道指再创新高，中概指数涨2.73%； 2、以太坊突破4900美元/枚，创历史新高； 3、惠誉：确认美国"AA+"评级，展望稳定； 4、鲍威尔"加入"鸽派阵营 称经济风险为降息提供更足理由； 5、特朗普宣布对家具进口展开关税调查； 6、美国小额关税豁免将到期 多国邮政公司暂停接收往美包裹； 7、加拿大做出让步！宣布取消多项针对美国商品的报复性关税； 8、英特尔：获美国政府按20.47美元/股认购10%股份； 9、苹果拟考虑使用谷歌的Gemini模型来支持新版Siri； 10、世界钢铁协会：7月全球粗钢产量为1.501亿吨，同比减少1.3%； 1、沪指续创十年新高！"市值/GDP"指标仍在历史中枢，大幅低于其他全球主要经济体； 2、沪指时隔10年重上3800点 高盛：对冲基金以7周来最快速度净买入中国股票； 3、中信证券："存款搬家"信号出现，流出规模 ...

Core Viewpoint - Goldman Sachs raised the target price for Cambricon to 1835 CNY, indicating strong confidence in the stock's potential [1] Market Performance - A-shares accelerated their rise, breaking through 3700 points on Monday and surpassing 3800 points by Friday, suggesting continued upward momentum [3][4] - The market is expected to keep rising, as A-shares have underperformed compared to Japanese and Korean markets since the tariff war began [3] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell's recent speech hinted at potential adjustments in monetary policy due to rising inflation and declining employment risks, with a nearly 90% probability of a 25 basis point rate cut in September [5][6][34] - However, expectations for significant rate cuts throughout the year should be tempered, with only two anticipated cuts in September and December [6] Market Sentiment and Leverage - Both domestic and foreign investors believe there is no significant bubble in the A-share market, with Morgan Stanley noting that market leverage remains within reasonable limits [10] - The margin trading balance has surpassed 2 trillion CNY (approximately 290 billion USD), accounting for 4.8% of the free float market cap, slightly below the 10-year average [10] Sector Analysis - The semiconductor and computing sectors are highlighted as key areas of growth, with the China Computing Conference emphasizing the need for advancements in GPU technology [13] - The consumer sector is also gaining attention, with government initiatives aimed at boosting consumption and sports industry development [15] Investment Trends - Retail ownership in the CSI 1000 and CSI 500 indices is significantly higher than foreign ownership, indicating a strong retail investor presence [10] - The electronics, computing, and communication sectors saw the highest net inflows of capital, with electronic sector inflows reaching 563.15 billion CNY [25][28] Industry Outlook - The semiconductor industry is expected to benefit from increased government support and technological advancements, particularly in GPU development [13][34] - The photovoltaic sector is experiencing a surge in demand, with significant procurement activities reported, indicating a robust market outlook [17][18] Economic Indicators - Recent economic data shows a mixed picture, with some sectors like pharmaceuticals and media expected to improve, while others like construction and banking may face challenges [30][31]

Group 1 - Dongfang Zhenxuan denies the departure of former CEO Sun Dongxu, stating he is on leave and has been working as a consultant since December 2023 [3] - For the fiscal year 2025, Dongfang Zhenxuan reported revenue of 4.392 billion yuan, a decrease of 32.7% from 6.5 billion yuan in the previous year, with a net profit of 60.745 million yuan [3] - Excluding the financial impact from the sale of Huizhong, the net profit from continuing operations increased by 30% from 104 million yuan in fiscal year 2024 to 135 million yuan in fiscal year 2025 [3] Group 2 - Alibaba has restructured its business into four main divisions: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and "All Other" businesses, marking the end of the previous "1+6+N" structure [6] - Starbucks has requested potential bidders to submit non-binding offers for a stake in its China business within two weeks, inviting private equity firms and other interested parties to a management meeting [6] - Evergrande Real Estate Guangdong Company has been ruled for bankruptcy liquidation, entering the legal bankruptcy process [7] Group 3 - Xiaomi's smartphone market share in Africa has increased by 32%, capturing 14% of the market, while Honor has seen the largest growth, with a 161% increase [22][23] - The total box office for the summer movie season in 2025 has surpassed 10.5 billion yuan, with top films including "Nanjing Photo Studio" and "Longan's Lychee" [23] - As of the end of July 2025, the national passenger car inventory was 3.29 million units, a decrease of 30,000 units from the previous month and 40,000 units from July 2024, indicating a positive trend in inventory reduction [25]

Group 1 - The State Council of China, led by Premier Li Qiang, held a meeting to discuss the implementation of large-scale equipment updates and the old-for-new consumption policy, aiming to boost sports consumption and promote high-quality development in the sports industry [3] - The People's Bank of China and the State Administration of Foreign Exchange released a draft regulation for the interbank foreign exchange market, focusing on enhancing market supervision and establishing a comprehensive regulatory framework [8] - The China Securities Regulatory Commission modified the classification evaluation regulations for securities companies, emphasizing high-quality development and comprehensive penalties for misconduct [9] Group 2 - In the first seven months of 2025, China attracted 467.34 billion yuan in foreign investment, with a year-on-year decrease of 13.4%, while the number of newly established foreign-invested enterprises increased by 14.1% [9] - The China Photovoltaic Industry Association issued an initiative to resist malicious competition below cost and emphasized the importance of quality and compliance with laws [12] - The Ministry of Industry and Information Technology announced a temporary regulation for rare earth mining and smelting separation, implementing total quantity control management [11] Group 3 - BYD announced legal actions against accounts spreading false information about the company, reinforcing its commitment to protecting its reputation [18] - Dongfeng Motor Group plans to privatize and delist while its subsidiary, Lantu Motors, is set to list on the Hong Kong Stock Exchange [19] - Bubble Mart officially announced the release of a mini version of LABUBU, priced at 79 yuan per blind box, aimed at stimulating market interest [20][21] Group 4 - Country Garden expects a net loss of 18.5 billion to 21.5 billion yuan for the first half of 2025, attributed to a decline in project settlement scale and increased asset impairment [22] - The Hang Seng Index will include China Telecom, JD Logistics, and Bubble Mart, which may positively impact their stock prices [23] - Alibaba restructured its business segments on its official website, aiming for clearer representation of its operations [24][25] Group 5 - Tesla is collaborating with Volcano Engine to enhance the interactive experience of its new Model Y L vehicle through advanced AI models [29] - The chairman of Tahoe Group was detained for suspected illegal activities, raising concerns about the company's governance and operational impact [27][28]

. QD 77 0-0 0.0 A t n w 1.4 n al 30 100 N 7019 (0) 3 088 (0.0) 07 . 4 no etti 0 6.07 W BESC 01 = 16 P 0.0 C 0.0 t 0.0) C 01 46 48 P le 同时，泡泡玛特还官宣了THE MONSTERS 心底密码系列-字母挂件盲盒新品，产品分为A/B两端，各含 14个常规款，1个隐藏款，常规款概率是1：14，隐藏款概率为1：168。该系列单个盲盒售价为59元，整 套售价为826元。线上发售时间为8月28日22：00，线下发售时间为8月29日。（闫妍） 新浪科技讯 8月22日晚间消息，泡泡玛特正式官宣mini版LABUBU新品，产品分为A/B两端，各含14个 常规款，1个隐藏款，常规款概率为1：14，隐藏款概率为1：168。单个盲盒售价为79元，整套售价为 1106元。新品线上发售时间为8月28日22：00，线下发售时间为8月29日。 责任编辑：何俊熹 ...