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According to Jinshi reports, on July 24, the Central Committee of the Communist Party of China held a symposium for non-party figures at Zhongnanhai to listen to the opinions and suggestions of leaders from various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-partisan individuals. Xi Jinping presided over the meeting and delivered an important speech, emphasizing the need to adhere to the general principle of seeking progress while maintaining stability, promote the continuous development of the economy towards new, better, and good directions, implement an active fiscal policy and a moderately loose monetary policy, enhance development momentum, and ensure and improve people's livelihoods.

The "China Business Journal" issued a statement saying: "Recently, our company discovered that illegal individuals are impersonating 'China Business Journal' and sending emails to some companies through non-official company email accounts, falsely claiming to have obtained significant negative information about the companies through so-called 'undercover investigations,' and threatening that if financial compensation (in Bitcoin) is not paid, the related 'undercover articles' will be published."The "China Business Journal" stated that all its news reports strictly comply with national laws and regulations, and interviews and communications are conducted through official channels. Such behavior is suspected of fraud and has been closely monitored, with evidence collected, and all rights to pursue legal responsibility are reserved. The statement reminds relevant companies to remain vigilant; if they receive such impersonated emails, they should not pay any financial compensation, and should immediately preserve all evidence and report to the local public security authorities.

According to Jinshi, the People's Bank of China today conducted a 270.5 billion yuan 7-day reverse repurchase operation, with both the bidding amount and the awarded amount being 270.5 billion yuan, and the operation interest rate at 1.4%. At the same time, the central bank also conducted a 600 billion yuan overnight reverse repurchase operation.

According to TNW, the Cyberspace Administration of China has released a draft of regulations for combating cyberbullying and is seeking public feedback. The draft requires platforms to establish classifiers for detecting and categorizing online violence content, provide users with a "one-click protection" feature, and implement blacklist management and regular reporting mechanisms for violating accounts.Notably, the draft explicitly includes AI-generated deepfake images and synthetic harassment texts within the scope of regulation. The Q&A platform Zhihu has already responded by restricting the use of anonymous accounts.

According to Jinshi reports, the China-Korea semiconductor ETF Huatai-PB (513310) saw a record high trading volume today, with a total transaction amount reaching 25.98 billion yuan, setting a new record and increasing by 121.1% compared to the previous trading day. The top two holdings of this ETF are Samsung Electronics and SK Hynix.

According to a report by Yicai, MSCI announced that Changxin Technology will be included in the MSCI China All Shares Index due to the listing of its IPO new shares, effective August 10.The MSCI China All Shares Index is a comprehensive Chinese stock index compiled by MSCI, covering all categories of Chinese-related stocks, including large-cap and mid-cap stocks listed on the Shanghai and Shenzhen exchanges, Hong Kong-listed companies, and overseas-listed Chinese stocks (such as US ADRs), fully reflecting investment opportunities in Chinese stocks. It is tracked by many global ETFs and passive funds, and the inclusion of Changxin may bring in passive capital inflows.

Citrini analyst Jukan posted on social media that the news of China's progress in DUV lithography technology is not particularly surprising, as the market had already formed certain expectations. He pointed out that The Information's related report only cited a professor from a transportation university in China speaking at an internal meeting in June and did not disclose more substantial information. Jukan believes that the sell-off reaction seen in semiconductor equipment stocks like ASML is an overreaction to this news.According to previous reports, The Information cited sources saying that a state-owned enterprise supported by Chinese state capital has begun mass production of domestically developed DUV (Deep Ultraviolet) lithography manufacturing equipment, marking a key progress in the localization of China's semiconductor industry.Insiders stated that the enterprise plans to produce about 5 domestically made DUV lithography machines by 2026 and expand to about 20 machines by 2027. Although there is still a gap compared to the 131 immersion DUV lithography systems delivered by Dutch lithography giant ASML last year, the entry of domestic equipment into mass production is seen by the market as an important breakthrough in the localization of China's chip supply chain.

Fang Xinghai, former member of the Party Committee and Vice Chairman of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

According to sources cited by the Financial Times, Chinese regulators are considering tightening export controls on AI and semiconductor technology. The Ministry of Commerce has discussed with AI companies such as Alibaba, ByteDance, and Zhipu about restricting the transfer of key data used for model training overseas, as well as limiting foreign users from downloading model weights. However, China will still allow overseas customers to access these models and services. The Ministry of Commerce is also soliciting opinions from various parties on potential restrictive measures, which would prohibit overseas chip manufacturers like Qualcomm and TSMC from producing advanced semiconductors based on designs developed by companies such as Huawei, Alibaba, and ByteDance.Sources indicate that most proposals are still under discussion, and regulators are assessing industry feedback before making a final decision.

Citigroup has downgraded the rating of the South Korean stock market from overweight to tactical neutral, due to the severe fluctuations in chip stocks in recent weeks. The institution aims to reduce exposure to the AI theme. The Korea Composite Stock Price Index was one of the best-performing stock markets globally this year, benefiting from the AI trading boom, but has recently experienced significant volatility due to retail enthusiasm for single-stock leveraged ETFs and valuation concerns. Citigroup stated that almost all client discussions are now refocusing on the prospects of an expanded market performance in the second half of the year, but they remain cautious about a complete withdrawal from the technology sector in emerging market allocations.Citigroup maintains a structurally bullish outlook on the AI theme while upgrading its rating on China to overweight.

According to a report by CCTV Finance, Wei Liang, Vice President of the China Academy of Information and Communications Technology, stated that the daily Token call volume in our country has surged from about 100 billion at the beginning of 2024 to 140 trillion by the end of March 2026, an increase of over a thousand times.Intelligent agents are giving rise to a brand new economic form, known as the "Token economy." Token, in Chinese, is called 词元, and it is an important unit for large models to process information and measure model invocation costs. Its growth rate is the most intuitive barometer of industrial development.In the era of intelligent agents, a single user command may trigger multiple rounds of model calls and resource consumption, directly driving an explosion in demand for artificial intelligence computing power. With the large-scale application of intelligent agents, a series of new models surrounding Token measurement, scheduling, pricing, and trading are beginning to take shape.

The international authoritative consulting agency IDC released the "2025 China AI Programming Market Share Report." The report shows that the scale of China's AI programming market will reach 399 million yuan in 2025, and it is expected to grow rapidly to 1.173 billion yuan by the end of 2026.In terms of market competition, Alibaba ranks first with a market share of 47.6% thanks to its core AI programming product Qoder, a figure that exceeds the combined market shares of the second to fifth ranked companies.IDC analysts pointed out that AI Coding is evolving from a mere "code generation tool" into a "software productivity platform" that covers the entire software lifecycle. Currently, Alibaba's Qoder product line has served hundreds of thousands of enterprises including China FAW, CITIC Securities, and AsiaInfo Technologies, with over 5 million users globally.

According to a report by Reuters, the Cyberspace Administration of China announced on Wednesday (July 15) that Apple's edge-generative AI service "Apple Intelligence" has successfully completed filing in China and is approved for use on iPhone devices in the Chinese market. The official announcement has not yet specified a concrete launch date.According to informed sources, Apple's AI service will integrate the AI model capabilities of Baidu and Alibaba. Alibaba subsequently confirmed in a statement that its "Tongyi Qianwen" (Qwen) large model will be integrated into the Apple Intelligence experience for users in China on iOS, iPadOS, macOS, and visionOS. Apple has not yet responded to this.

On the X platform, on-chain analyst Ai Yi stated that there is a buy order for Changxin Storage (CXMT) of 6.824 million dollars at the 6 dollar position on the Hyperliquid order book.At the current price of 6 dollars, the market value of Changxin Storage is approximately 2.72 trillion RMB, totaling 66.88 billion shares, surpassing the current market value leader, Industrial and Commercial Bank of China, at 2.66 trillion RMB.

According to the Goldman Sachs report on "China's AI Computing Power" disclosed by P Equity Research, China is accelerating the construction of a national computing power network, with related infrastructure projects expected to attract 7 trillion yuan in investment by 2026. In the next five years, investment in data centers is projected to reach about 2 trillion yuan. Currently, funds and technology are being massively transferred to western computing power hubs, while data centers in first-tier cities are transforming to focus on ultra-low latency computing, edge nodes, and AI inference. Although GW-level clusters with over 100,000 chips remain scarce domestically, in typical GW-level computing power parks, workloads are primarily composed of inference, which accounts for more than half, as well as training and full-stack R&D.The report predicts that by 2026, the market share of domestically produced AI acceleration chips is expected to exceed 50%. Among them, Huawei and Alibaba's Pingtouge lead the domestic camp with shares of 20% and 7%, respectively, but Nvidia currently maintains overall market dominance with a 55% share. In terms of cost and performance, domestic chips have capital expenditures on IT power consumption that are 40% to 50% lower than imported chips, but due to performance gaps, their capital expenditures per unit of computing power are 2 to 4 times that of imported chips, and the computing power generated per unit of power consumption is only 10% to 30% of that of imported chips. Additionally, the daily average token output of Huawei's 910B/910C servers is about one-sixth to one-third of that of Nvidia's H800, resulting in significantly lower API profit margins based on that hardware compared to peers using Nvidia hardware.

The China Payment and Clearing Association has issued a warning to prevent cross-border gambling scams involving virtual currency, aimed at helping the general public enhance their awareness of fraud prevention and their ability to recognize scams.The China Payment and Clearing Association reminds that cross-border gambling results in "ten bets, ten losses." Participating in gambling through virtual currency is more concealed and risky. Engaging in gambling and providing funding for gambling activities is illegal and against regulations. Do not participate in virtual currency gambling transactions, and maintain the bottom line of financial security.