GMT EIGHT - OPPORTUNITIES IN CHINA

Netflix (NFLX.US) has returned to the US investment-grade bond market after a two-year hiatus. It plans to issue bonds due in 2036 to be used for debt repayment.

After a two-year hiatus, Netflix is re-entering the investment-grade bond market in the United States, with plans to issue US dollar-denominated bonds maturing in 2036.

Fashion women's clothing brand Reformation (REF.US) IPO price set at $15-17 per share, intending to raise $239 million.

Sustainable fashion women's clothing brand Reformation Inc. launched its first initial public offering (IPO) in the United States, with the company and shareholders including private equity firm Permira planning to raise up to $239 million.

HSBC warns that global stock market momentum trading faces a greater pullback, optimistic about consumer, banking, and cyclical stock rotation opportunities.

The latest strategy report released by HSBC Bank points out that momentum trading, which has dominated the performance of global stock markets this year, is facing a greater risk of a significant pullback. In the future, market style is expected to further rotate towards cyclical and value stocks.

US Stock Market Move | Popular Chinese concept stocks rose across the board, with Alibaba Group Holding Limited Sponsored ADR (BABA.US) up more than 3%.

On Monday, the Nasdaq China Golden Dragon Index rose by 0.44%, with popular Chinese concept stocks generally rising. Alibaba (BABA.US) rose by over 3%.

It's fake news! Musk denies that SpaceX ordered $520 billion NVIDIA Corporation AI servers from Foxconn.

Elon Musk, CEO of SpaceX, denied reports on social media on Monday regarding SpaceX ordering approximately $52 billion worth of NVIDIA AI servers from Foxconn.

US Stock Market Move | SpaceX(SPCX.US) fell more than 2%, Wood Sister added a large position against the trend

On Monday, SpaceX (SPCX.US) fell more than 2%, closing at $121.13, as of press time, the cumulative decline for this month was nearly 30%.

Alphabet (GOOGL.US, GOOG.US) develops new generation AI server chips, stock price rises more than 3%

According to media reports citing informed sources, Google's parent company Alphabet is developing a new generation AI server chip codenamed "Frozen v2", aiming to further improve the efficiency of running artificial intelligence models.

US Stock Market Move | The optical communication sector is on the rise, with Lumentum (LITE.US) increasing by 8%.

The optical communication sector is rising, as of the time of writing, Lumentum has risen by 8%.

Short positions in US stocks soar to historic highs, the "wall of fear" in the bull market continues to rise.

As the risks of artificial intelligence increase, the trading volume of shorting the US stock market has reached a historic high.

US Stock Market Move | Chip stocks are generally up, with SanDisk (SNDK.US) rising more than 6%.

On Monday, chip stocks rose across the board, with SanDisk (SNDK.US) up more than 6%.

Join hands with Microsoft Corporation (MSFT.US) to expand AI chip cooperation! AMD (AMD.US) rose in response.

Microsoft plans to deploy AMD chips and CPUs on its Azure cloud platform for artificial intelligence (AI) inference tasks.

US stock market opening: The three major stock indexes rise simultaneously.

The Dow rose 0.29%, the S&P 500 rose 0.53%, and the Nasdaq rose 0.84%. Domino's Pizza rose 6.98%, Lumentum Holdings Inc. Common Stock When Issued rose 5.42%, Teradyne rose 5.31%, Coherent Corp rose 4.66%, and SanDisk rose 4.49%. In terms of the "Seven Sisters", Google rose 2.18%, Nvidia rose 1.45%, Amazon rose 0.86%, Tesla rose 0.72%, Apple fell 0.12%, Meta Platforms fell 0.34%, and Microsoft fell 0.90%.

Middle East conflict deals a heavy blow to the oilfield service industry! Major players released their financial reports this week, with SLB (SLB.US) expecting a profit drop of 31%.

Market expects that Schlumberger (SLB.US), Baker Hughes (BKR.US), and Halliburton (HAL.US) all have declining net profits.

Intel Corporation (INTC.US) pre-performance Wedbush sings more: Q2 performance is expected to be strong, but market sentiment remains the biggest variable.

Investment bank Wedbush stated that Intel is expected to deliver a "strong" performance, but investor sentiment remains a significant uncertainty factor.

The European market demand is rebounding strongly, Tesla, Inc. (TSLA.US) is expanding production at its German factory against the trend: the annual production target has been raised by about 20%.

Tesla plans to significantly increase the production capacity of its factories in Germany.

China Life Insurance Group: Recently, China Life's assets have actively allocated to the equity market, with a net purchase of over 10 billion yuan in a single day.

On July 20th, China Life Group stated that it firmly believes in the bright prospects of the Chinese economy and the long-term positive trend of the capital market. Recently, its major investment platform, China Life Asset Management, has been actively allocating in the market, with net purchases of equity assets in the A-share and onshore and offshore fund markets exceeding 10 billion yuan in a single day. China Life Asset Management will always adhere to the investment philosophy of long-term investment, value investment, and prudent investment of insurance funds, consistently play a role in promoting the entry of mid-to-long-term funds into the market, seize strategic allocation opportunities, optimize and enhance the structure and proportion of equity investments, and increase allocation to key areas such as the modern industrial system and new quality productivity.

Selected A-share Announcements | Insurance Funds Speak Out In Unison! Firmly Optimistic about the Development of the Chinese Capital Market

Insurance companies are speaking out intensively and firmly optimistic about the development of China's capital market.

Boeing Company (BA.US) welcomes dual benefits of "order + regulation"! Wins order for 120 aircraft, gains FAA approval for final delivery of 737 Max and 787 new aircraft.

Boeing secured two orders at the Farnborough International Airshow in the UK. One large order came from aircraft leasing company SMBC Aviation Capital, which was the first major deal to attract attention at the airshow, while the other came from Philippine Airlines.

Jersey Mike's (JMKE.US) IPO priced at $21-25 per share, expected to become the ninth largest food and beverage company in the United States by market value.

Based on the high end of the IPO pricing range, Jersey Mike's will raise nearly $1.09 billion, with a market value exceeding $12 billion, making it the ninth largest restaurant company in the United States.

IREN (IREN.US) wins $2.8 billion AI cloud new contract: Microsoft Corporation, NVIDIA Corporation and other giants enter the customer matrix, raising the ARR target for the year.

IREN signed a new customer contract worth 2.8 billion dollars with a leading artificial intelligence developer, and raised its annual recurring revenue target for 2026 to over 4 billion dollars.

The Hong Kong Treasury Bureau and the Ministry of Finance of Laos signed a Memorandum of Understanding on cooperation in the gold market.

The memorandum was signed by Laotian Deputy Prime Minister and Minister of Finance Somdy Douangdy and Hong Kong Treasury Bureau representative Xu Zhengyu on behalf of the Laotian Ministry of Finance and the Hong Kong Treasury Bureau, with the aim of strengthening bilateral cooperation in the development of the gold market and financial services industry.

The Hong Kong Monetary Authority provided a loan of HK$417 million to banks through the discount window.

On July 20th, the Hong Kong Monetary Authority provided a loan of 417 million Hong Kong dollars to banks through the discount window.

The situation in the Middle East is volatile, causing oil prices to fluctuate greatly, and the European bond market is also shaking! The two-year German bond yield surged and then retreated.

The yield on Germany's two-year government bonds rose to a two-year high at one point, before giving back its gains.

Preview of US Stock Market | The three major stock index futures are all rising, with chip and optical communication stocks rising before the market opens. The Middle East war is escalating as technology giants release their financial reports.

On July 20th (Monday), before the US stock market opened, the futures of the three major US stock indexes all rose.

Citibank has declared that the concept of "Mag 7" is dead: AI investment logic shifts from "tech giants" to "growth clusters".

Citibank stated that the "Seven Giants" label for artificial intelligence stock winners is outdated.

SK Hynix US stocks rise over 6% in pre-market trading

SK Hynix American stocks rose more than 6% before the market opened, now trading at $163.61.

Li Qiang presided over the State Council executive meeting, listening to the report on the supervision of service industry capacity expansion and quality improvement, and the construction of the "six networks" plan.

Ministry of Industry and Information Technology: Strengthen legislative research reserves in emerging fields such as digital economy, artificial intelligence, low-altitude economy, and focus on rectifying "internal closed" competition.

The national conference of the responsible leaders of the industrial and information departments was held in Beijing on July 20. The meeting emphasized the need to strengthen bottom-line thinking and extreme thinking, strengthen the construction of a new industrial network and data security protection system, enhance the protection capabilities of key industrial chains, key enterprises, important systems, and important data, consolidate the foundation of telecommunications network security, and improve the level of network and data security protection. It is necessary to improve the modern level of industry governance, implement the "Fourteenth Five-Year Plan" deployment in the industrial and information fields, strengthen legislation research and reserve in emerging fields such as digital economy, artificial intelligence, and low-altitude economy, accelerate the construction of key industrial chain standard system, focus on rectifying "insulation-style" competition, promote the improvement of the data basic system, and continuously create a market-oriented, rule-of-law, international first-class business environment.

The news states that three major DRAM manufacturers have abandoned the commercialization of first-party CXL memory controllers.

The three major DRAM original manufacturers Samsung Electronics, SK Hynix, and Micron have all abandoned the commercialization of first-party CXL memory controllers. Originally, the DRAM manufacturers planned to ship CXL memory as a complete module of DRAM + controller, increasing integration and profitability through self-developed controllers. However, data center customers downstream prefer to lower costs by theoretically reducing costs through a self-assembled model, by separately purchasing DIMM memory modules and CXL controllers and then combining them into a complete add-in card.

Hong Kong Futures Exchange: Optimisation measures to narrow the exercise price intervals of "Weekly Index Options" will take effect from July 27th.

On July 20th, the Hong Kong Futures Exchange issued a notice stating that the Hong Kong Securities and Futures Commission has approved an optimization measure regarding narrowing the exercise price interval, which will take effect starting from July 27th (next Monday).

The Hong Kong Monetary Authority provides HK$417 million in loans to banks through the discount window.

Boeing Company(BA.US) Expands Production Capacity in Key Turning Point! FAA Restores Final Approval for 737 Max and 787 New Aircraft

The Federal Aviation Administration (FAA) stated that even though it has restored the authority for Boeing to sign final release certificates for new production 737 Max and 787 aircraft, regulatory agencies will continue to supervise the quality level of this aircraft manufacturer.

The Ministry of Commerce holds a nationwide TV and telephone conference to advance the work of trading in old for new consumer goods.

On July 17, the Ministry of Commerce held a nationwide mid-year television conference call to promote the exchange of old for new consumer goods, summarizing the progress and effectiveness of policy implementation in the first half of the year, and deploying key tasks for the next steps.

Northbound funds | Northbound trading recorded a net sell of 5.962 billion yuan, with Northbound investors increasing their holdings in technology stocks while selling hardware stocks. The Tracker Fund of Hong Kong (02800) saw a net sell of over 5.1 billion Hong Kong dollars for the entire day.

On July 20th, the Hong Kong stock market saw a net selling of 5.962 billion Hong Kong dollars by Northbound investors. Of this, the Shanghai-Hong Kong Stock Connect saw a net selling of 3.165 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect saw a net selling of 2.798 billion Hong Kong dollars.

AMD's AI conference will be held this week! UBS Group AG: CPU/GPU technology roadmap is the main focus, customer expansion expectations should not be too high.

This event may focus more on showcasing technology rather than announcing customer or financial information, and it is expected that AMD will demonstrate the sustainable development potential of its CPU and GPU technology roadmap.

After a month-long hiatus, gasoline prices in the United States have returned to $4! The escalation of conflict in the Middle East is feared to reignite inflationary pressures.

With the ongoing escalation of conflicts in the Middle East, gasoline prices at American gas stations have risen back to over $4 per gallon, sparking concerns in the market that inflationary pressure may further intensify.

Blackstone (BX.US) bets on the "Physical AI" track: invests $676 million in shares of South Korean robotics and automation leader Futronic, a subsidiary of Siasun Robot & Automation.

Blackstone Group invests in South Korean robot supplier Futronic.

A thousand questions release Qwen-Audio-3.0-TTS

Qwen announced: Today we officially release the large-scale voice synthesis model Qwen-Audio-3.0-TTS, which includes a Flash version for real-time interaction and a Plus version for high-quality generation. The new model has achieved systematic improvements in fine-grained label control, freestyle command compliance, multi-language and dialect coverage, and complex acoustic robustness, allowing synthesized speech to move from "being able to speak" to "being able to express".

Burnham takes over from Stammer! Investors closely watch the selection of the Chancellor of the Exchequer, and the pound remains stable.

As Andy Burnham is about to replace Keir Starmer as the UK Prime Minister, and the market is eagerly awaiting confirmation of the new Chancellor's appointment, the pound remained stable overall on Monday.

Market regulation bureau: guide platform companies to reduce commissions, deductions, membership fees and other fees reasonably to alleviate the initial operating cost pressure of individual businesses.

The General Office of the State Administration for Market Regulation has issued a notice on the "Action Plan to Promote Platform Enterprises to Empower Individual Industrial and Commercial Enterprises". It guides platform enterprises to provide preferential services for newly settled individual industrial and commercial enterprises, reasonably reduce commissions, deductions, membership fees, technology service fees, information service fees, marketing and promotion fees, and other expenses to alleviate the initial operating costs pressure on individual industrial and commercial enterprises. Implement the "Guidelines for Compliance with Fees for Online Trading Platforms" to standardize and guide the fee charging behavior of platform enterprises.

AI trading downturn compounded by escalating geopolitical risks! Wall Street bets that the US stock market may face a "high-volatility storm" in the summer.

Momentum trading driven by stock market gains is losing steam, and optimistic profit expectations are being closely scrutinized. Both of these signs indicate that the market may face higher volatility this summer.

Has bitcoin received a signal for a rebound? Spot ETF ends eight weeks of "bleeding": net fund inflows for two consecutive weeks, but geopolitical risks and regulatory uncertainties continue to suppress the rebound.

Bitcoin ETF saw fund inflows for the second straight week, ending a two-month selling streak.

Hong Kong Stock Exchange considers extending trading hours, plans to cancel midday break.

According to reports, the Hong Kong Stock Exchange (00388) is considering extending stock trading hours and canceling the lunch break session.

Hong Kong Airport Authority: Received a total of 5.12 million passengers and handled 31,940 flight movements in June, representing an increase of 7.9% and 2.3% respectively compared to the same period last year.

Hong Kong Airport received a total of 5.12 million passengers and handled 31,940 flights in June, representing year-on-year increases of 7.9% and 2.3% respectively.

Small molecule cancer therapy developer BlossomHill Therapeutics (BLSM.US) has applied to list on the US stock market, aiming to raise up to $100 million.

BlossomHill Therapeutics plans to raise up to $100 million through its initial public offering (IPO).

New stock news | It is reported that the listing plan of Watsons in London may be delayed until next year.

According to reports, the plan for CK Hutchison (00001) to spin off the Watsons Group for listing in London may be delayed until next year due to potential regulatory and other complex issues in the Asian region.

A-share closing review | Shanghai Composite Index closed up 0.85%, technology stocks led the decline in both cities. Liquor and electricity sectors performed well.

As of the close, the Shanghai Composite Index rose 0.85% to 3796.28 points, with a turnover of 1.2947 trillion yuan; the Shenzhen Component Index fell 0.71% to 13610.23 points, with a turnover of 1.3982 trillion yuan.

The China Securities Regulatory Commission (CSRC) holds an investor symposium to listen to opinions and suggestions.

On the morning of July 20th, the Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, Wu Qing, conducted research at a securities brokerage in Beijing and chaired an investor symposium.

Ministry of Commerce and 9 other departments: Increase support for domestic service enterprises.

The Ministry of Commerce and 9 other departments have issued a notice on the issuance of "Several Policy Measures to Promote the High-Quality Development of the Domestic Service Industry".

Closing review: SSE 50 index rose more than 3%, oil and gas, coal sectors collectively strengthened.

The market fluctuated widely all day, with the three major indexes showing mixed gains and losses. Oil and gas stocks collectively soared, with China National Offshore Oil, China National Petroleum, and Bohai Oil among those hitting the limit up. The coal sector rallied, with Huainan Mining, Datang Energy, and Yankuang Energy hitting the limit up. Power stocks repeatedly strengthened, with Huayin Electric Power, Huadian Liaoning Energy, and New Energy hitting the limit up. Consumer stocks such as liquor also strengthened, with Gujing Gongjiu hitting the limit up and Guizhou Maotai rising nearly 6%. Individual stocks fell more than they rose, with over 3,700 stocks in Shanghai, Shenzhen, and Beijing markets ending the day in the red. Today's trading volume reached nearly 2.72 trillion RMB. The Shanghai Composite Index closed up 0.85%, the Shenzhen Component Index down 0.71%, and the ChiNext Index up 0.42% at the close.

Latest

8 m ago

Texas Electricity Reliability Council: With the high-altitude high-pressure system looming over the state, this week will see the highest temperatures of the year so far. Electricity demand is expected to be in the high to very high range, with peak load expected to be between 85,000 megawatts and just over 90,000 megawatts.

13 m ago

The White House: Trump signs proclamation authorizing the Secretary of Commerce to establish incentive programs to support businesses investing in aluminum smelting plants.

15 m ago

White House: Trump introduces further measures to adjust US aluminum import policies.

19 m ago

Trump signs executive order tightening conditions for defense contractors to obtain exemptions for foreign key minerals and materials.

20 m ago

The White House of the United States: Trump issued an executive order stating that if defense contractors fail to replace risky foreign suppliers, they will face penalties including contract cancellation.

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