Kweichow Moutai held its 2026 interim results briefing. Director Wang Li, acting general manager, said iMoutai ran smoothly. In 1H iMoutai added about 17.44 mln users, bringing cumulative registered users to about 96.91 mln. Cumulative active users were about 29.41 mln; transacting users exceeded 4.12 mln and transaction orders exceeded 7.8 mln.

8月20日，巴菲特指數（滬深300市值/GDP）反彈至92.06%；股債性價比指標——滬深300指數股權風險溢價（ERP）爲5.37%，7月以來主要圍繞着5.2%波動，處於2024年10月以來波動區間下端，暗示目前股市相對國債收益的優勢一般。 -------- 注：1、巴菲特指數是通過將股市總市值和GDP來比較，判斷目前股市是否高估，通常70-100%爲正常估值，低於該區間爲低估，高於該區間爲高估。 2、滬深300指數風險溢價（ERP）主要對比滬深300收益和國債收益率，統計近10年數據可以發現該指標和股指有明顯反向關係，每次股市都處於底部區域時，風險溢價均超過6%，也就是當ERP≥6%，股市有投資性價比，而當ERP≤4%時，則股市往往接近或處於階段性高點，投資性價比低甚至要小心回調風險。

Aug 21 — Iranian parliament speaker Ghalibaf, visiting Iraq, said in Karbala that, as Iran and Iraq have "defeated the US and made it taste failure" in the US-Israel-Iran conflict, the two countries will continue to resist "hegemonic forces." He warned attempts to sow division will only draw Iran and Iraq closer, called for plans to overcome "unjust sanctions," and said the two nations will stand side by side and not allow other countries to decide their fate.