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

Tonghuashun 7/24

Guangdong Financial Regulatory Bureau: AIC equity investment pilot under its jurisdiction is accelerating, 15 large bank-affiliated funds have a total scale of nearly 20 billion yuan

2026/7/30 10:34:47

The Guangdong Financial Regulatory Bureau disclosed at the first-half year press briefing that the AIC equity investment pilot under its jurisdiction is progressing at an accelerated pace: 15 large bank-affiliated AIC funds have completed industrial and commercial registration with a total scale of 19.8 billion yuan, 14 projects have been implemented with a total investment of 2.9 billion yuan; CITIC Prudential AIC, which opened in Guangzhou last year, has completed 8 project investments with a cumulative amount of 5.064 billion yuan.

China’s self-developed world’s largest-diameter high-speed rail shield machine successfully crossed the Yangtze River

2026/7/30 10:30:26

[Short Summary] On the 30th, the “Pilot” shield machine, the world’s largest-diameter high-speed rail shield machine independently developed by China, successfully crossed the Yangtze River waters, realizing the penetration of the water section of the Chongtai Yangtze River Tunnel. After the tunnel is completed and put into operation, it will end the history that Chongming Island, China’s third largest island, has no access to high-speed rail, and greatly improve the external traffic conditions of Chongming Island.

Germany plans to legislate to allow AI-assisted review of immigration applications

2026/7/30 10:27:03

The German cabinet approved a legislative draft on the 29th, which proposes to allow immigration authorities to use AI-assisted processing when reviewing immigration applications such as asylum, visas, and residence permits, to address the problems of persistently high application volumes and insufficient staffing. AI can compare and verify suspicious application information, summarize decision-making patterns to unify review standards, relevant departments can use immigration application data to train AI models, and the final review decision-making power still rests with humans.

STAR 50 Index’s decline expands to 4%

2026/7/30 10:26:46

[Short Financial Summary] The underlying asset involved is the STAR 50 Index, which consists of the top 50 core hard tech listed companies on the STAR Market in terms of market capitalization and liquidity. The intraday decline of the index has continued to expand to 4%, with the latest quotation at 1611.88 points. This fluctuation will directly affect the net value of all passive ETF, index funds and linked asset management products tracking the STAR 50, and also reflects the short-term valuation adjustment pressure of core assets on the STAR Market.

ChiNext Index falls 4%

2026/7/30 10:26:22

[A-share Market Short Summary] Today, the three core A-share indexes all fell. As of the latest market data, the decline of the ChiNext Index expanded to 4%, leading the decline among mainstream broad-based indexes; the Shanghai Composite Index fell 0.37%, showing relatively resilient performance; the Shenzhen Component Index fell 2.44%. This decline reflects heavy selling pressure in growth track sectors, weak profit-making effect in the market, and increased short-term floating loss pressure for investors holding growth-style assets.

Combined trading volume of Shanghai, Shenzhen and Beijing markets exceeds 1 trillion yuan, 29.6 billion yuan lower than the same period last trading day

2026/7/30 10:25:52

According to Tonghuashun iFinD data, as of the current statistical time point, the combined trading volume of the Shanghai, Shenzhen and Beijing markets has exceeded 1 trillion yuan, which is 29.6 billion yuan lower than the same period of the previous trading day; among them, the Shanghai market trading volume is 449.4 billion yuan, the Shenzhen market trading volume is 544.7 billion yuan, and the BEI 50 trading volume is 7 billion yuan. The current market trading activity remains high, and the total daily trading volume is expected to be about 2.2 trillion yuan at the current pace.

Eastmoney 7/24

Another major manufacturer warns! Apacer Technology CEO says global DRAM supply will drop by 70% next year

2026/7/30 10:33:32

Another major storage manufacturer has issued an industry warning. Apacer Technology CEO recently stated publicly: driven by the surge in artificial intelligence demand, High Bandwidth Memory (HBM) continues to crowd out traditional DRAM production capacity, and global DRAM supply is expected to fall by 70% in 2025. Subsequently, two types of storage products, DRAM and enterprise-grade SSD, will likely face insufficient supply and rising prices.

South Korean stock circuit breaks and Korean won strengthening coexist, South Korean market encounters rare “divergence” trend

2026/7/30 10:30:28

Recently, the South Korean market has seen a rare divergent trend, with South Korean stock circuit breaks and Korean won strengthening coexisting. A JPMorgan Chase research report on July 29 showed that the large-scale deleveraging process of South Korean stocks since mid-June is nearing its end: the scale of leveraged ETF has dropped from the peak to 17 billion US dollars, and hedge fund deleveraging is about 90% complete. The report also noted that there is still short-term deleveraging pressure, combined with the risk of Fed interest rate hikes, investor sentiment is cautious.

China’s self-developed world’s largest-diameter high-speed rail shield machine successfully crossed the Yangtze River

2026/7/30 10:30:25

On the 30th, the “Pilot” shield machine, the world’s largest-diameter high-speed rail shield machine independently developed by China, completed the shield operation of the water section of the Chongtai Yangtze River Tunnel and successfully crossed the Yangtze River, marking the official penetration of the water section of the tunnel. After the tunnel is completed and put into operation, it will end the history that Chongming Island, China’s third largest island, has no access to high-speed rail, and further improve the layout of the rail transit network in the Yangtze River Delta region.

Total assets of Guangdong banking industry reached 43.99 trillion yuan at the end of June, up 6.77% year-on-year

2026/7/30 10:30:00

The 2026 first-half Guangdong banking and insurance industry press briefing disclosed the latest industry data: as of the end of June this year, the total assets of Guangdong’s banking industry reached 43.99 trillion yuan, with total liabilities of 42.7 trillion yuan, up 6.77% and 6.75% year-on-year respectively; in the same period, the balance of various loans was 30.7 trillion yuan, and the balance of deposits was 33.45 trillion yuan, up 5.05% and 4.04% year-on-year respectively, and the industry scale maintained steady growth.

Total assets of Guangdong insurance industry reached 2.93 trillion yuan at the end of June, up 9.67% year-on-year

2026/7/30 10:29:00

Guangdong disclosed the local insurance industry operation data at the 2026 first-half banking and insurance industry press briefing: as of the end of June, the total assets of Guangdong’s insurance industry reached 2.93 trillion yuan, up 9.67% year-on-year; from January to June, the original insurance premium income was 477.5 billion yuan, up 3.44% year-on-year, compensation expenditure was 163.9 billion yuan, up 3.08% year-on-year, and the cumulative risk protection amount provided was 4236 trillion yuan, up 9.83% year-on-year.

Guangdong manufacturing loan balance reached 5.31 trillion yuan at the end of June, up 13.45% year-on-year, the highest growth rate in nearly two years

2026/7/30 10:28:00

The 2026 first-half Guangdong banking and insurance industry press briefing disclosed that as of the end of June, the balance of manufacturing loans in Guangdong Province reached 5.31 trillion yuan, up 13.45% year-on-year, the highest growth rate in nearly two years, with a half-year increment of 560.4 billion yuan, an increase of 209.4 billion yuan year-on-year; the balance of loans to foreign trade enterprises under its jurisdiction was 2 trillion yuan, up 11.44% year-on-year. Relevant credit投放 supports the development momentum of local manufacturing industry and helps foreign trade growth lead the country.

Yahoo Finance

National beer and wine distributor files Chapter 11 bankruptcy

2026/7/29 08:09:53

A U.S. national beer and wine distributor recently filed for Chapter 11 bankruptcy protection. Currently, public information has not disclosed the specific name of the enterprise, the scale of liabilities and the direct cause of bankruptcy. According to the U.S. Bankruptcy Code, during the period of applying for Chapter 11 protection, the enterprise can retain the right to operate and promote restructuring, and there may be uncertainties in the short-term supply of its cooperating wine brands and the payment of upstream and downstream accounts.

Big Tech will fund more than a third of its AI investments with debt in 2027, Goldman Sachs predicts

2026/7/28 22:51:36

Goldman Sachs released its latest forecast that more than one-third of the funds for AI investment by global large tech companies in 2027 will be raised through debt financing. Currently, competition in the AI track is intensifying, and the scale of capital expenditure related to tech giants continues to rise. This change in financing structure may not only increase the supply of the U.S. dollar credit bond market, but also have a direct impact on the leverage level and subsequent financing costs of relevant enterprises.

Immersive Experience Bolsters Sphere Entertainment’s (SPHR) Strong Performance

2026/7/28 22:51:16

US-listed company Sphere Entertainment (ticker: SPHR) has posted strong recent performance, with core support coming from the strong operational performance of its immersive experience business. This progress validates the effectiveness of the company’s commercial layout in the immersive entertainment track, and the immersive experience business has become its current core performance growth pole, which has certain reference significance for the commercial exploration of offline entertainment formats.