Domestic News:
1. The Political Bureau of the CPC Central Committee held a meeting and decided to convene the Fifth Plenary Session of the 20th CPC Central Committee to analyze and study the current economic situation and economic work.
2. The Beijing Stock Exchange held a symposium for public funds to solicit opinions and suggestions.
3. Unitree Technology: The preliminary inquiry date is August 5th, and the offline subscription date is August 10th.
4. Ministry of Commerce: China and the EU have preliminarily agreed to hold the second meeting of the consultation mechanism this autumn.
5. National Energy Administration: In the first half of the year, the proportion of renewable energy power generation in my country exceeded 40% for the first time.
6. He Lifeng held a video call with US Treasury Secretary Bessenter and Trade Representative Greer.
7. National Energy Administration: In the first half of the year, the proportion of coal-fired power generation in my country's total power generation fell below 50% for the first time.
International News:
1. US Treasury Secretary Bessenter: Japan may have intervened in the foreign exchange market. The yen, in my opinion, "appears to be severely undervalued."
2. Samsung Electronics: Open to issuing ADRs in the medium to long term. 3. Russia extends diesel export ban until January 31, 2027.
4. The Bank of England keeps interest rates unchanged, although three voting members want a rate hike.
5. Amazon's Q2 cloud revenue beat expectations, sending shares up 9% in after-hours trading.
6. Apple's third-quarter revenue from Greater China and services lagged, and revenue guidance fell short of expectations.
7. OpenAI cut prices on its GPT-5.6 Luna by 80% and GPT-5.6 Terra by 20%.
8. Reports indicate that South Korean exchanges are considering a temporary ban on short selling; sources responded that it is currently only under discussion.
9. Apple: We are evaluating all options regarding memory supply. More DRAM suppliers would be a good thing.
10. The US core PCE price index rose 0.1% month-over-month in June, below the market expectation of 0.2%. US Q2 GDP annualized growth was 1.5%, below expectations.
11. Overnight Market Update—The US dollar index fell 0.8%, the USD/JPY pair briefly dropped over 400 points, Japanese media reported joint US-Japan intervention, Micron & Hynix rose approximately 18%, and Microsoft's market capitalization surged by a record $450 billion in a single day.
12. Middle East Situation—
① Trump: The Peace Committee reached a historic agreement to completely disarm Hamas and all other armed groups in Gaza.
② Pakistan says the US and Iran are still negotiating on the Strait of Hormuz.
③ Saudi Arabia confirms it is discussing forming a maritime defense coalition with several countries.
④ Iran claims attack on US airbase in Kuwait.
⑤ The Pentagon plans to purchase approximately $170 billion worth of missiles and nuclear submarines.
