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On Wednesday, August 19th, the Shanghai Gold Exchange's gold T+D contract fell 1.32% to 941.59 yuan/gram in early trading; the Shanghai Gold Exchange's silver T+D contract fell 3.62% to 15418.0 yuan/kilogram in early trading.

2026-08-19

On Wednesday, August 19th, the Shanghai Gold Exchange's gold T+D contract fell 1.32% to 941.59 yuan/gram in early trading; the Shanghai Gold Exchange's silver T+D contract fell 3.62% to 15418.0 yuan/kilogram in early trading.

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2026-08-19

On August 18th, the Buffett Index (CSI 300 market capitalization/GDP) fell to 94.52%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.24%, fluctuating mainly around 5.2% since July, at the lower end of its fluc

On August 18th, the Buffett Index (CSI 300 market capitalization/GDP) fell to 94.52%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.24%, fluctuating mainly around 5.2% since July, at the lower end of its fluctuation range since October 2024, suggesting that the current advantage of stocks relative to government bond yields is generally limited. -------- Note: 1. The Buffett Index compares the total market capitalization of the stock market to GDP to determine whether the stock market is currently overvalued. Generally, 70-100% is considered a normal valuation, below this range is considered undervalued, and above this range is considered overvalued. 2. The risk premium (ERP) of the CSI 300 Index is mainly compared with the returns of the CSI 300 and the yield of government bonds. Statistics from the past 10 years show that this indicator has a clear inverse relationship with the stock index. Every time the stock market is in the bottom area, the risk premium exceeds 6%. That is, when ERP ≥ 6%, the stock market has investment value, while when ERP ≤ 4%, the stock market is often close to or at a stage high, the investment value is low, and there is even a risk of correction.
2026-08-18

The Three Gorges ship lift has begun its 2026 planned shutdown for maintenance, scheduled to last 42 days. The work is aimed at deep inspection of equipment risks and performance optimization to secure subsequent safe, stable and efficient operation.

The Three Gorges ship lift has begun its 2026 planned shutdown for maintenance, scheduled to last 42 days. The work is aimed at deep inspection of equipment risks and performance optimization to secure subsequent safe, stable and efficient operation. This is the sixth planned outage since commissioning; maintenance is divided into seven major modules — including metal structures, hydraulic systems and electrical systems — covering 68 specific tasks.
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