Domestic News:
1. Li Qiang chaired the 12th plenary meeting of the State Council, emphasizing the need to thoroughly implement the decisions and deployments of the CPC Central Committee and strive to achieve the annual economic and social development goals.
2. Unitree Technology: To be listed on the Science and Technology Innovation Board on August 19.
3. The National Development and Reform Commission (NDRC) and the National Energy Administration issued the "15th Five-Year Plan for Oil and Gas Development."
4. Geely Automobile responded to Li Shufu's resignation as chairman of the board: This is Geely Automobile's declaration of moving away from family-run businesses.
5. The NDRC deployed measures to accelerate the issuance of new policy-based financial instruments in 2026 and increase support for private investment projects.
6. National Bureau of Statistics: From January to July, national real estate development investment totaled 4,300.9 billion yuan, a year-on-year decrease of 19.2%; total retail sales of consumer goods reached 28,774.4 billion yuan, a year-on-year increase of 1.2%.
7. National Bureau of Statistics: In July, the value added of industrial enterprises above designated size increased by 4.5% year-on-year; the month-on-month sales price of newly built commercial housing in first-tier cities changed from a 0.1% increase in the previous month to flat.
International News:
1. Polls show Trump's approval rating hits a new low for his second term.
2. China, the UK, and Japan all reduced their holdings of US Treasury bonds in June.
3. Overnight Market Update—The yield on the 30-year US Treasury bond rose to 5.31%, a 19-year high; US storage stocks closed higher; crude oil rose 3%; and gold rose 0.9%.
4. Nvidia: OpenAI pledged to deploy Nvidia's AI infrastructure on a large scale by 2030, corresponding to a computing business scale of approximately $600 billion.
5. Middle East Situation—
① Trump: The US is not seeking to extend the memorandum of understanding with Iran. Iran wants a deal, but they will not reach the kind of deal I think is necessary.
② Iranian official: Iran has decided to shift its policy from defensive to fully offensive. A deadline of several weeks has been set for the US to fully implement the memorandum of understanding; it will not wait indefinitely for the US to continue its maritime blockade. If the US fulfills its commitments, the Strait of Hormuz will reopen.
③ Iranian Foreign Ministry: The 60-day deadline is "completely meaningless" after the US violated the memorandum of understanding.
④ Trump stated that if Oman obstructs the US from reopening the Strait of Hormuz, it will be bombed.
⑤ Saudi Arabia's oil transshipment strategy from the coast of Oman may be quietly adjusted.
⑥ Iran reportedly seized a UAE-owned oil tanker in the Strait of Hormuz. The Houthi rebels in Yemen claimed responsibility for attacking a Saudi warship.
⑦ Iran's Islamic Revolutionary Guard Corps denied engaging in secret dialogue with the US.
⑧ Kushner: Dialogue between the US and Iran in various fields is more active than ever before. No consensus has been reached, and Trump will remain patient.
