Aug 20 — China's Ministry of Transport held a briefing on "AI + transport" application scenarios. Xu Wenqiang, director-general of the ministry's Science and Technology Department, said transport is a major economic artery and a large-scale real-world testbed for AI, and that the ministry has stepped up efforts in recent years to deepen AI integration with the transport sector.

China International Capital Co said external narratives driving the market remain short-term and stage-specific, and the A-share recovery that began in late July is likely to continue. Market volatility has risen from external shocks; dividend-yielding stocks outperformed on the 19th. As risk appetite gradually recovers and the earnings peak approaches, focus on areas and companies with higher earnings certainty. Two main themes: 1) Selective growth exposure in technology: post-correction crowding in tech has eased. High-growth subsectors where revenue-side expansion can offset denominator pressure—AI infrastructure-related links such as optical communications and PCB—retain strong near-term visibility; semiconductor and compute names require careful alignment of fundamentals and valuations, and tech growth may increasingly diverge. Innovation-stage drugmakers entering clinical-data validation merit bottom-up selection. 2) Cyclical recovery: an expanding set of sectors are rebounding from cycle troughs; factor in geopolitics and capacity-cycle positions and favour areas with improving earnings and tighter supply-demand, including power-grid equipment, petrochemicals/chemicals, construction machinery, and non-bank financials that benefit from stronger capital markets. Nonferrous metals, after heavy adjustment, also deserve attention. Pure domestic-demand sectors show slower recovery and require further observation.

At an Aug. 19 results briefing, Unigroup Guowei said its commercial space unit—built over several years—is expected to enter volume shipments in 2025, marking a potential revenue inflection. The company said it currently holds a dominant share in commercial-space storage with DDR and Flash products, is rolling out FPGA and associated readback/refresh products that are already flight‑proven in orbit, and is expanding power and bus‑interface lines to offer full system solutions, underpinning its optimism about incremental revenue from the segment.