US July Pending Home Sales Index MoM due in 10 minutes.

Aug 17 — A delegation from the Shenzhen Aerospace Technology Innovation Institute held talks with Commercial Rocket Co., a unit of China Aerospace Science and Technology Group (CASC), to advance cooperation in the commercial space sector. Both parties agreed to back CASC strategic directives and jointly support construction of the commercial launch-vehicle industry chain. Planned cooperation focuses on integrated development across launch vehicles, launch sites and telemetry/tracking systems, joint research, participation in launch-site layout studies, and accelerated implementation of collaboration projects and institute–enterprise partnerships.

Financial News, supervised by the PBOC, said the film Niu Lai, released Aug 5, took just 7,169 yuan in nine-day box office revenue with 236 viewers yet went viral on social media; its catchy name led some retail investors to assign market meaning. The paper said this echoes recurring A-share episodes where name- or homophone-linked stocks draw short-term flows—from Valentine’s Day concept plays to event-driven homophone moves—and share the same features: tenuous causality, flimsy logic, rapid capital in/out and ephemeral rallies. When the hype fades, late-following investors are typically first to incur losses.