Automatically crawled from Tonghuashun and Eastmoney via cron at 08:00 Beijing time daily, summaries rewritten by Doubao. For information collation only, does not constitute investment advice.

Tonghuashun 24/7

France launches security action plan to improve museum security levels

2026/7/28 10:42:11

French Minister of Culture Catherine Pégard announced on the 27th that six security action plans will be launched for cultural and museum institutions and cultural relics storage sites to address organized cultural relic theft and improve security levels. The plan will carry out risk classification investigations, transfer high-risk cultural relics to designated safe locations, and the French Ministry of Culture will sort out urgent security renovation projects before 2027 and provide support through special funds. (Source: Xinhua News Agency)

Hangzhou Artificial Intelligence Industry Development Promotion Regulation (Draft) to be introduced, first introduces Token concept and makes institutional arrangements for production promotion

2026/7/28 10:38:37

Hangzhou plans to introduce the Hangzhou Artificial Intelligence Industry Development Promotion Regulation (Draft), with the goal of building itself into the leading city for AI innovation and development. This draft is the first local AI regulation in China that sets open source and openness as an independent chapter, supports the full-chain development of embodied intelligence, and also pioneers multiple systems: including the first introduction of supporting rules for Token, open source data exemption, flexible supervision of reasonable use of training data copyright and other mechanisms.

ChiNext Index down 5%, AI hardware sector leads sharp decline

2026/7/28 10:36:48

[A Share Market Flash Update] Major A share indices fell collectively during the day. As of the latest trading time, the decline of the ChiNext Index expanded to 5%, the Shanghai Composite Index and Shenzhen Component Index fell 1.26% and 3.27% respectively; a total of 2,600 individual stocks in the entire market recorded declines, the AI hardware sector led the decline in both markets, and related track targets have seen relatively obvious valuation fluctuations in the short term.

Main contract of CSI 500 Stock Index Futures (IC) fell more than 3% during the day

2026/7/28 10:35:39

The subject involved is the main contract of CSI 500 Stock Index Futures (IC). The intraday decline of this contract expanded to more than 3%, with the latest quotation at 7372.6 points. This trend corresponds to heavy selling pressure in the small and mid-cap sector during the day and a decline in short-term market risk appetite. Investors holding CSI 500 related equity exposures and using IC for hedging will see a simultaneous amplification of fluctuations in their holding net value.

Main contract of CSI 1000 Stock Index Futures (IM) fell more than 2% during the day

2026/7/28 10:35:37

[Financial Flash Update Summary] The subject involved is the main contract of CSI 1000 Stock Index Futures (IM), which saw a clear downward trend during the day, with the decline now exceeding 2%, latest quoted at 6963.6 points. The CSI 1000 corresponds to the A share small and mid-cap growth stock pool. The decline of this contract reflects that the overall selling pressure in the current small and mid-cap sector is relatively large, and index products linked to the CSI 1000 and related derivative hedging positions will be affected by this fluctuation.

Kingboard Laminates 港股 fell more than 15%

2026/7/28 10:35:33

[Financial Brief Summary] The subject involved is Kingboard Laminates, a core upstream PCB material supplier listed on 港股. Its stock price saw a sharp abnormal decline of 15.63%, with the latest quotation at HK$33.90. This sharp correction of more than 15% has led to a significant shrinkage of the company’s total market value, and has also aroused market attention to its subsequent performance and short-term fluctuations in the electronic materials sector it belongs to.

Eastmoney 24/7

Analysts insist AI wave is not over: GPU supply-demand ratio is as high as 1:12, data center spending is only 15% complete

2026/7/28 10:40:00

The market is currently debating whether AI investment can translate into actual returns, and related differences have affected the trend of technology stocks. Dan Ives, executive at Yorkville Ives & Co., still believes that the AI wave has not ended. Supporting arguments include that the current GPU supply-demand ratio reaches 1:12, data center related spending is only 15% complete, the recent correction of high-growth technology stocks is only the market digesting gains, and the AI investment cycle is still in its early stages.

ChiNext Index down 5%, AI hardware sector leads sharp decline

2026/7/28 10:37:33

[A Share Market Brief Summary] The A share market weakened overall on the day. As of the statistical time point, all three major indices recorded obvious declines: the ChiNext Index’s decline expanded to 5%, the Shanghai Composite Index fell 1.26%, and the Shenzhen Component Index fell 3.27%. At the sector level, the AI hardware direction led the sharp decline, a total of 2,600 individual stocks in the entire market fell, and the overall market showed an adjustment trend.

Tech stocks sold off, Japanese and South Korean stock markets fell significantly

2026/7/28 10:36:48

[Brief Summary] Spurred by the sharp sell-off of US semiconductor stocks overnight, Japanese and South Korean stock markets were under significant pressure and fell on the 28th. The Korea Composite Stock Price Index (KOSPI) once fell more than 8% during trading, triggering the market circuit breaker mechanism; the Nikkei 225 Stock Average fell more than 4% at its intraday low. This overseas tech stock sell-off has directly negatively impacted Asia-Pacific equity markets with high weightings of technology stocks.

Likai Technology completes nearly 500 million yuan Series D financing

2026/7/28 10:33:19

On July 28, Shanghai Science and Technology Innovation Group disclosed that Shanghai Likai Technology recently completed nearly 500 million yuan in Series D financing. This round of financing was led by Shanghai Science and Technology Innovation Group and Minjintou, subsidiaries of Shanghai State-owned Investment Corporation, with participation from multiple institutions including Taiping Equity, Shenzhen Venture Capital, Tongshang Venture Capital, Huatai Zijin, Shanghai Waigaoqiao Group, and a number of existing shareholders continued to make additional investments.

When will the AI boom fade? “Big Short” Burry: A huge “time bomb” is buried in the private credit market!

2026/7/28 10:33:18

Famous short investor Michael Burry, known as the “Big Short”, recently issued a risk warning in response to widespread market questions about when the AI boom will fade. He pointed out that assets currently targeting AI-related debt securities are piling up in large quantities in the private credit market, which has become a potential major risk point in this field. If the risk breaks out later, it will have a negative impact on related markets and financing for the AI industry.

State Taxation Administration: Total industrial equipment investment in the first half of the year increased by 9.8% year-on-year

2026/7/28 10:32:23

At the press conference of the State Council Information Office on July 28, Hu Jinglin, Director of the State Taxation Administration, disclosed tax big data: in the first half of the year, the sales revenue of domestic industrial enterprises increased by 7.1% year-on-year, of which the growth rate of the manufacturing industry reached 7.3%; the sales revenue of industrial enterprises accounted for 36% of the total revenue of all enterprises, an increase of 2.2 percentage points over the same period last year, and total industrial equipment investment increased by 9.8% year-on-year, highlighting the positive recovery trend of the industrial sector.

Yahoo Finance

After 80 stores close, 63-year-old chain gives Chapter 11 warning

2026/7/26 23:07:00

Recently, a 63-year-old long-established chain brand officially issued a Chapter 11 (bankruptcy protection) filing warning after closing a total of 80 offline stores. This signal shows that the brand has a clear cash flow gap, and the existing operating framework is unsustainable. It will most likely proceed with debt restructuring in the future, and the possibility of further store closures and asset disposal is not ruled out. The rights and interests of its upstream and downstream partners and store employees may be affected.

52-year-old international restaurant chain closing all locations

2026/7/27 22:57:07

A 52-year-old international restaurant chain, whose specific name has not yet been disclosed, recently officially announced the closure of all its stores. The brand has long been plagued by problems such as high food costs, declining offline passenger flow, and lagging digital transformation. This closure involves follow-up arrangements such as global employee resettlement and consumer prepaid card redemption, and adds another risk warning to the currently under pressure offline chain catering industry.

Elon Musk Just Revealed a Quiet Win for Tesla’s AI Ambitions

2026/7/26 23:00:02

Recently, Tesla CEO Elon Musk disclosed a previously little-noticed phased achievement in the company’s AI layout. This achievement covers two major areas: autonomous driving AI training and iteration of the core algorithm of the humanoid robot Optimus. It will further consolidate Tesla’s technological advantages in the smart mobility and general AI tracks, and the commercialization pace of related businesses is expected to exceed previous market expectations.