As of Aug. 26, margin financing on the Shanghai Stock Exchange stood at 1,344.146 bln yuan, down 2.427 bln yuan from the prior trading day; Shenzhen was 1,272.626 bln yuan, down 0.867 bln. Combined balance across both exchanges was 2,616.772 bln yuan, down 3.294 bln yuan.

據高盛統計，Meta、微軟、Alphabet、亞馬遜和甲骨文的季度自由現金流，2026年二季度合計已降至接近零。最新財報印證了現金流壓力：Alphabet二季度自由現金流首次轉爲−58.6億美元，Meta僅剩7.84億美元；亞馬遜當季資本開支超過經營現金流約88億美元，而微軟仍實現196億美元自由現金流。 這並不等於五家公司主營業務開始“燒錢”，而是AI服務器、數據中心和電力基礎設施的投入增速暫時超過經營現金流增速。現金流收縮正推動科技巨頭減少回購，並更多依賴債券、股權和項目融資，AI投資週期由“利潤自籌”轉向“外部融資”。 分析師預測2029年單季自由現金流將升至約1200億美元，其前提是資本開支增速明顯放緩，同時雲計算與AI收入快速兌現。若算力需求繼續超過供給、設備價格上漲或AI變現不及預期，反彈時間可能後移。

Lighthouse Professional data show China’s 2026 summer box office (June 1–Aug 31) reached CNY 11.857 bln as of Aug 26. Industry forecasts expect the window to exceed CNY 12.0 bln, above CNY 11.966 bln in summer 2025. Shanghai researcher Yang Huaiyu said several well-reviewed late‑summer releases across realism, animation and sports have lifted content quality and sustained demand. Policy-driven cinema diversification, local consumption vouchers and modest ticket-price declines have supported attendance. Analysts say the season has a “front-low, back-high” pattern, with growth accelerating after mid‑July and word‑of‑mouth driving the late surge.