China's Premier Li chaired a State Council meeting on Aug. 17 and ordered faster implementation of the 'six networks' construction plan and quicker deployment of policy funds to produce early tangible project output. He stressed keeping the economy stable by expanding domestic demand, targeting long, large-value industrial chains and sectors where concentrated effort can strengthen the domestic circulation. The meeting called for innovating financing to attract social capital, coordinating inves

Monday — China releases July retail sales, industrial production (above‑scale) and total electricity consumption; PBOC overnight reverse repo operations scheduled Aug 17–19; Canada July CPI; US NY Fed manufacturing and NAHB housing index. Bessent warned this week of “unprecedented” US economic measures against Iran. Earnings: Geely. Tuesday — UK three‑month ILO unemployment and July jobless claims; Germany and eurozone ZEW surveys; US ADP payrolls, housing starts, building permits, import PPI, industrial production, pending home‑sales index. Earnings: China Unicom, Xiaomi (results call), Baidu (results call). Wednesday — US API and EIA crude inventories; UK July CPI and RPI; eurozone June current account and final July CPI. ECB President Lagarde speaks at WEF. Earnings: Kuaishou (results call), ZTO, Kingsoft, HKEX, Weibo. Thursday — China: July Swift RMB share of global payments and one‑year LPR; Australia July unemployment; Germany July PPI; Swiss trade balance; UK CBI industrial orders; US initial jobless claims, Philly Fed index, Conference Board leading indicators, EIA gas stocks. Fed minutes released. Earnings: Ping An, China Telecom, NetEase, Alibaba, AIA, Li‑Ning, Pop Mart, Futu. Friday — UK consumer confidence, July retail sales, public sector net borrowing, Aug services PMI prelim; Japan July core CPI; preliminary Aug manufacturing PMIs for France, Germany, eurozone and UK; Canada June retail sales; US preliminary Aug S&P Global manufacturing and services PMIs; eurozone consumer confidence prelim. Events: Hang Seng index quarterly review results; NYMEX September crude roll. Earnings: ZTE, Sinopec, Beike. Saturday — US Baker Hughes rig count for week to Aug 21.

CMB International says DeepSeek on Aug. 13 released and open‑sourced DeepSeek Harness (DSH) developer preview v0.1 under an MIT license. The firm interprets DSH as a strategic shift from the model layer to the framework layer—positioning DeepSeek as an "Android for the Agent era"—by defining a "dynamic composable Agent" runtime standard to strengthen ecosystem control and developer lock‑in. CMB notes faster domestic model iteration and a new phase of inference commercialization: first systematic price increases plus peak/off‑peak pricing by domestic leaders, which validate stronger‑than‑expected inference demand and relatively tight compute supply. That dynamic is positive for the inference compute chain (domestic chips, IDCs/cloud providers) and could enable further domestic model price rises. Competition, it says, is migrating from pure model capability to framework/application and engineering plus developer ecosystem as the new moat; monitor Zhipu (02513.HK) GLM updates, MiniMax (00100.HK) M3 Pro, Tencent (00700.HK) Hunyuan 4, Alibaba (09988.HK) Qianwen 4, and commercialization progress for Agent products and use cases.