GMT EIGHT - OPPORTUNITIES IN CHINA

Hong Kong stocks closed: The Hang Seng Index rose by 1.050%, and the Hang Seng Tech Index increased by 1.259%.

Lao Pu Gold rose by 12.614%, Chow Tai Fook rose by 6.628%, Hansoh Pharmaceutical rose by 5.103%, Nongfu Spring rose by 4.823%, Shenzhou International rose by 4.065%, Master Kong Holdings rose by 3.625%, Geely Automobile rose by 3.420%.

The UAE plans to invest billions of dollars in building a new LNG export terminal to seek to avoid the risks associated with the Strait of Hormuz.

Abu Dhabi National Oil Company's (ADNOC) natural gas subsidiary Adnoc Gas Plc is considering building a new liquefied natural gas (LNG) export facility outside the Strait of Hormuz.

Lumentum (LITE.US), "standing in the light," is about to announce its performance! Will the short selling of storage and the "" trading add more fuel to the fire?

As the number of GPUs, the scale of model parallelism, and the span of data centers continue to expand, network bandwidth, lasers, optical modules, and CPOs are becoming new marginal bottlenecks.

China Association of Automobile Manufacturers: In June, the export value of automotive parts reached 9.73 billion USD, a year-on-year increase of 19.0%.

From January to June 2026, the export value of automotive parts reached 51.03 billion USD, an increase of 7.6% compared to the same period last year.

Meridians: In July, the number and amount of newly approved mortgage insurance were 1,126 and HKD 6.276 billion, respectively.

In July 2026, the number and amount of new mortgage insurance plan loans approved were 1,126 and HKD 6.276 billion, representing a decrease of 319 loans (22.1%) and HKD 2.108 billion (25.1%) respectively.

A-share Market Review | Shanghai Composite Index Gains for Five Consecutive Days, Up 0.67%, Over 4,000 Stocks Rise in Value, with Pharmaceuticals, Military Industry, and Nonferrous Metals Leading the Gains

On August 10, the three major indices of the A-shares showed mixed performance. Driven by heavyweight sectors such as ground troop equipment, precious metals, and liquor, the Shanghai Composite Index rose for five consecutive days. The ChiNext Index, which at one point dropped over 2.5%, narrowed its losses by the close of trading.

The Meilinho Price Index fell slightly by 0.09% to 148.92 points this week, with the market focusing on the new housing segment.

The latest Hong Kong "Meyer Land Price Index" reports 148.92 points, with a slight weekly decline of 0.09%, maintaining a small fluctuation pattern; however, the index has risen by 0.14% compared to four weeks ago, and so far this year, it has increased by 10.55%.

Commodity futures closing

The shipping index for European futures has fallen continuously by 4.49%, silver has increased continuously by 3.34%, soda ash has increased continuously by 3.21%, lithium carbonate has increased continuously by 2.85%, and polysilicon has fallen continuously by 2.52%.

SK Hynix responds to rumors about "considering the sale of its Chongqing factory": No decisions have been made yet.

On August 10, SK Hynix issued a statement regarding market rumors about the sale of its factory in Chongqing, China, which has a scale of 4 trillion Korean won. The company stated that it is exploring various options to enhance the competitiveness of its packaging business, but no specific matters have been determined as of now. SK Hynix indicated that if any related matters are confirmed in the future, it will disclose the information again within one month from the date of confirmation. Previously, according to reports from Zhongxin Jingwei citing Bloomberg, informed sources revealed that SK Hynix is considering various disposal options for its factory in Chongqing, including bringing in investors to accelerate business growth. These sources mentioned that a potential equity sale could value the factory at approximately $3 billion.

The Eurozone economy shows "immunity" to the Iran conflict! GDP growth in the second quarter far exceeded expectations, and analysts have significantly raised their full-year forecast to 0.8%.

The eurozone economy has delivered a "resilience report" that far exceeded expectations.

The five major giants raked in a staggering $48 billion in the second quarter, attracting envy! Trump criticizes them for "making too much," and the shadow of windfall taxes reemerges for the oil industry.

The large oil company reported a historic high in profits for the second quarter, and this windfall has sparked a new wave of political and environmental backlash.

Goldman Sachs is bullish on China's AI: there is no overall bubble in the industry, and it is worth investing in the power supply chain, hardware infrastructure, and embodied AI.

Liu Jinjun stated that there is no overall bubble in China's artificial intelligence (AI) industry, and the recent market adjustments have brought relevant valuations back to a healthy level. He pointed out three sub-industries that have significant investment opportunities.

The intervention effect has dissipated, and the yen has once again hit rock bottom against the G-10 currencies. Will the "liquidity vacuum" force the Japanese authorities to pull the trigger a second time?

As the effects of recent interventions gradually fade, the Japanese yen has performed the weakest among the G-10 currencies this month, leading the market to remain highly alert to the possibility of further actions by Japanese authorities.

Hong Kong Monetary Authority and Dubai Financial Services Authority Co-host the Third Climate Finance Conference to Promote Transformation Amidst Changes

The Hong Kong Monetary Authority and the Dubai Financial Services Authority announced today (August 10) that they will jointly hold the third Joint Conference on Climate Finance in Hong Kong on September 10.

Korean funds are scrambling to invest in Zhongji Innolight (03308)! In just 7 days since its H-share listing, there has been a net purchase of 43.39 million USD.

In addition to the key investment in the optical communication sector led by Zhongji Xuchuang, South Korean investors are also increasing their positions in sectors such as automotive and semiconductors, going against market trends.

Goldman Sachs: Outlook for Chinese Internet Giants' Q2 Performance Focused on Cloud Growth and AI Capital Expenditure; Sector Outlook is Constructive

After the second quarter performance of major U.S. cloud service providers, their stock prices reacted positively. Following recent adjustments in Chinese internet stocks, the outlook for the sector is constructive. The preferred subsectors are as follows: cloud and data centers (GDS.US, VNET.US, Alibaba, Kingsoft Cloud (KC.US)), gaming and entertainment, e-commerce and travel, as well as artificial intelligence models.

The Hong Kong Monetary Authority and the Dubai Financial Services Authority co-host the third Climate Finance Conference to promote transformation amidst change.

The Hong Kong Monetary Authority and the Dubai Financial Services Authority announced today that they will co-host the third Joint Climate Finance Conference in Hong Kong on September 10. HKMA President Eddie Yue stated, In the face of the challenges posed by global uncertainties to green transformation, key sustainable finance hubs like Hong Kong and Dubai should work together to direct capital towards viable solutions. We are pleased to facilitate cross-regional dialogue and look forward to converting discussions into practical business and investment opportunities. DFSA Chief Executive Ian Johnston remarked, This conference fully reflects the close partnership between the DFSA and the HKMA, providing a valuable platform for all parties to exchange forward-looking insights, strengthen cross-regional cooperation, and jointly promote the sustainable development of finance in both locations.

Financial Report Preview | Revenue Fears "Miss the Mark," but Gross Margin "Skyrocket" Super Micro Computer, Inc. (SMCI.US) Q4 financial report will assess the "quality" of the AI computing power chain's market conditions.

Super Micro Computer (SMCI.US) will release its fourth-quarter financial report for fiscal year 2026 after the US stock market closes on August 11 (Tuesday).

Lee Ka Commercial: In July, the number of property transaction registrations for commercial shops in Hong Kong fell by 7.5% month-on-month, ending a five-month streak of increases.

In July 2026, Hong Kong recorded a total of 484 transactions for commercial properties, a slight decrease of 7.5% compared to 523 transactions in June, ending a five-month streak of increases, but still the second highest this year.

YIDU TECH (02158) secures an 8.6 million yuan order from the Changzhou campus of Shouer Hospital, with the growth in orders from top three hospitals continuing after reaching a profitability turning point.

On August 10, Hong Kong stock AI healthcare leader Yidu Tech (02158) announced its winning bid. Its subsidiary, Yidu Cloud (Beijing) Technology Co., Ltd., successfully won the bid for the information technology construction project at the Capital Institute of Pediatrics' Tongzhou District campus, with a total project amount of approximately 8.6 million yuan. This bid win marks another benchmark project for the company after achieving profitability in the 2026 fiscal year, further validating its AI Hospital solutions' implementation capabilities in leading public hospitals within the Beijing area.

JENSCARE-B (09877) expects its mid-term revenue to increase by 385% to 400% year-on-year.

Jianshi Technology-B (09877) announced that the group expects to achieve revenue of approximately RMB 63 million to 65 million for the six months ending June 30, 2026, representing a year-on-year increase of 385% to 400%. Other income and gains are expected to be approximately RMB 9 million to 11 million, totaling around RMB 72 million to 76 million. Compared to the same period last year, this represents an increase of RMB 47 million to 51 million, a year-on-year increase of 188% to 204%.

Hong Kong Stock Market Mid-Review: The Hang Seng Index rose 0.72%, and the Hang Seng Tech Index increased by 0.37%.

The Hong Kong stock market closed at noon, with the Hang Seng Index rising by 0.72% and the Hang Seng Tech Index increasing by 0.37%. In terms of sectors, the coking processing III and IV sectors had the largest gains; the survey and consulting services and environmental protection equipment sectors experienced the biggest declines. In terms of individual stocks, Guotai Junan International rose by 36.3%, Jingtai Holdings increased by 9.47%, Lepu Medical-B rose by 9.18%, Power Development grew by 8.95%, and Laopu Gold increased by 8.52%; Jianshe Group fell by 10.43%, Shenzhen International dropped by 10.41%, Weilu Technology shares decreased by 10.19%, Rockstone Robotics fell by 9.19%, and Tian Shu Zhi Xin dropped by 8.11%.

A-share midday | Shanghai Composite Index up 0.20%, ChiNext Index down 2.18%, with pharmaceutical and consumer sectors performing strongly against the trend.

On August 10, the three major A-share indices opened higher collectively, but their trends showed significant divergence. The market exhibited a pattern of "index divergence, broad gains in individual stocks, and the continuation of structural hotspots."

Financial Report Outlook | Cisco Systems, Inc. (CSCO.US) is about to deliver a crucial answer on "AI Transformation," with network business being the focal point.

Cisco Systems will release its financial results for the fourth quarter and the full year of fiscal year 2026 after the market closes on Wednesday, August 12.

What signals? UBS bluntly states "the disaster of AI": the volatility of tech stocks has reached its highest level since the internet bubble.

The report shows that the volatility in the global tech industry has risen to its highest level since the burst of the internet bubble, as investors re-evaluate whether the cash flow returns of AI-driven hyperscale data centers and semiconductor companies can be sustained.

The Hong Kong interbank offered rate continues to decline, with the one-month interbank rate unchanged at 2.61%.

On August 10, the Hong Kong dollar interbank offered rate continued to decline, while the one-month interbank offered rate related to mortgage loans stood at 2.61327%, unchanged.

From "Forgotten Corners" to "New Safe Havens": European Stock Earnings Season Wows Everyone, with a 22% Profit Growth Reaching a Four-Year High

The strong earnings season and the decline in oil prices are jointly enhancing the appeal of European stock markets as a safe haven. At the same time, investors are returning to the European market, viewing it as an alternative to hedge against the high volatility of global technology stocks.

The return of premium on term limits has pushed up real interest rates! Dangerous signals are emerging in the U.S. bond market, and the July CPI will serve as a stress test.

The U.S. Consumer Price Index (CPI) report for July, to be released this week, may serve as a kind of "stress test." The market's reaction after the release of the CPI data could convey more definitive information.

YIDU TECH (02158) has successfully completed the ownership registration of the tinnitus and hearing loss traditional Chinese medicine dataset.

This achievement provides a reference practice sample for the assetization of specialized traditional Chinese medicine (TCM) data and also validates the effectiveness of Yidu Tech's data governance and standardized dataset construction capabilities in the TCM context.

Multiple high-premium LOFs have seen a significant decline.

The global chip LOF has hit the lower limit of its trading range, with a current premium rate of 18.02%. The current drop for Guotou Silver LOF is 5.9%, with a current premium rate of 19.55%.

The July meeting minutes of the Bank of Japan released hawkish signals: the risks of rising inflation have intensified, with some committee members calling for an "accelerated rate hike."

The Bank of Japan has warned that there is a risk of price increases, and the pace of interest rate hikes may accelerate.

In the first half of the year, net profit is expected to drop by 70%, yet the stock price has risen by 110%: The temperature difference between expectations and reality for HELENS (09869).

Helen's is currently at a delicate crossroads.

The two departments jointly launched the project solicitation work for the 2026 metrology support industrys new quality productivity development project.

Recently, the State Administration for Market Regulation and the Ministry of Industry and Information Technology jointly issued a notice to publicly solicit projects for the development of new productivity in the metrology support industry for the year 2026.

Guotai Junan International's stock surged over 35%, with Guotai Junan and Haitong recommending a privatization at a premium of 44%.

As of the time of publication, Guotai Junan International is up 35.10%. In terms of news, the company and its controlling shareholder, Guotai Haitong, jointly announced that Guotai Haitong, as the offeror, is proposing to privatize Guotai Junan International and withdraw its listing status, with a cancellation price of HK$3 per share, representing a premium of approximately 44.23% over Guotai Junan Internationals last closing price of HK$2.08 before suspension.

Morgan Stanley: Global cloud capital expenditures are expected to surge by 29% in 2027, as the four giants face capacity crises under the pressure of computing power hunger.

Morgan Stanley's latest global cloud capital expenditure tracking report shows that the capital expenditures of the world's largest hyperscale cloud providers have not slowed down, with a projected year-on-year increase of 29% by 2027.

A-shares Opening Briefing | Three Major Indices Open Higher, Medicine and Biology Sector Leads the Gain

On August 10, the Shanghai Composite Index opened up 0.10% at 3943.82 points, the Shenzhen Component Index opened up 0.27% at 14348.95 points, the ChiNext Index opened up 0.11% at 3567.05 points, and the Sci-Tech Innovation 50 opened down 0.22% at 1740.14 points.

New Stock News | MoEr Thread (688795.SH) plans to go public in Hong Kong, with revenue in the first half of the year up 147% year-on-year.

The company plans to issue overseas listed foreign shares (H shares) and apply for listing on the Main Board of the Hong Kong Stock Exchange.

Tesla releases a concept video for its ultra-large-scale AI chip manufacturing project, Terafab.

AI investment sparks a wave of financing! Goldman Sachs: U.S. companies are expected to issue a record high in stock by 2026, but buybacks will form a strong hedge.

As artificial intelligence (AI) spending creates significant financing demands, U.S. companies are issuing more stocks to investors. Goldman Sachs strategists note that the increase in equity supply is more of a return to normal levels rather than a flood of issuances that poses a threat to the market.

HK Stock Market Move | GUOTAI JUNAN I (01788) resumed trading with a jump of over 37%, receiving a 44% premium privatization proposal from Guotai Haitong.

Guotai Junan International (01788) resumed trading and opened up over 37%. As of the time of writing, it has risen 37.02%, reaching HKD 2.85, with a trading volume of HKD 60.6224 million.

As leveraged ETFs trigger turmoil in tech stocks, Wall Street's intraday momentum trading is reaping huge profits from "the volatility itself."

The surge of leveraged ETFs intensifies day trading momentum on Wall Street.

From "usable" to "marketable": DIAGENS-B (02526) reports initiate a revaluation of the platform value of medical AI.

In the first half of the medical AI landscape, the focus was on "whether the model can be used." In the second half, the questions shift to "whether the model can sustain production, scale delivery, and generate revenue." The revenue from model services accounts for nearly 90%, indicating that De Shi has already taken the lead in this latter phase.

In July, over 150 towns and counties in the United States implemented bans on data centers.

This summer, the trend of local governments in the United States resisting the construction of data centers has intensified, serving as a warning signal for major artificial intelligence companies like Anthropic, Google, and OpenAIcompanies that are relying on the expansion of data centers to achieve their computational power growth targets. In just the month of July, more than 150 towns and counties implemented temporary or permanent bans on data centers, with many bans rushed through emergency meetings. Analysis shows that by early August, the number of active data center bans across the United States had exceeded 500. When the ban tracking statistics were first launched at the end of June, the count was only a little over 300. The shutdown of related projects by various counties and towns stems from multiple concerns from local residents: data centers raise residents' electricity bills, consume scarce water resources, and generate a significant amount of noise. Supporters argue that such projects can create jobs in rural and industrial areas, attract investment, and drive infrastructure upgrades, asserting that some resident concerns are exaggerated. However, these viewpoints have not been able to stem the tide of new bans being enacted.

Tearing off the heavy asset label, why is WuXi AppTec (02359) seeing its profits accelerate?

Starting from the first quarter of 2025, the difference between the company's "adjusted profit growth rate and revenue growth rate" has shown a high operating trend of 19.02%, 27.54%, 26.96%, and 27.16% respectively, and further expanded to 44.3% in the first half of 2026.

A-share Pre-market Report | Yushu Technology (688836.SH) is participating in today's IPO! Single order profit may exceed 70,000 yuan.

U.S. President Trump announced that the federal government will invest $3 billion in multiple key mineral and battery projects, aimed at increasing domestic production in the U.S. and enhancing the self-sufficiency of lithium, rare earth elements, scandium, and upstream raw materials for batteries.

Brokerage Morning Meeting Highlights | AI in Pharmaceuticals Has Great Potential, and the Industry Chain Is Expected to Continue Benefiting

At today's broker morning meeting, CITIC Securities believes that AI in pharmaceuticals has great potential, and the industry chain is expected to benefit continuously; Guotai Junan believes that the AI technology direction focuses on downstream applications; Huatai Securities believes that attention should be paid to valuation recovery under mid-term report pricing.

GENFLEET-B (02595): The world's first oral KRAS G12D inhibitor for the treatment of non-small cell lung cancer has entered Phase III trials, and the second registrational clinical study of GFH375 has completed the enrollment of its first patient.

Jinfang Pharmaceutical-B (02595) announced that GFH375 (an oral KRAS G12D inhibitor) has entered a registrational Phase III clinical study in China for the treatment of non-small cell lung cancer (NSCLC) ("Qilin-Fei 01").

KEYMED BIO-B(02162): CM512 (TSLP x IL-13 dual antibody) injection has achieved all study endpoints in the Phase II clinical trial for patients with chronic rhinosinusitis with nasal polyps.

Kangnuoya-B (02162) announced that the Phase II clinical study data unblinding and preliminary statistical analysis of its self-developed Class 1 new drug CM512 injection for the treatment of chronic rhinosinusitis with nasal polyps (CRSwNP) has been completed.

The Korea Composite Stock Price Index opened up 0.8% at 6306.33 points.

The Nikkei 225 index opened at 65,905.10 points this morning, up 0.45%.

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Two departments: Strengthen the large-scale development and utilization of coalbed methane.

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From the evening of August 11 to the daytime of August 13, Beijing will experience local heavy rain and torrential rain.

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The UAE plans to invest billions of dollars to build a new LNG export terminal in an effort to avoid risks in the Strait of Hormuz.

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