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Financial markets news

Objective market moves across A-shares, Hong Kong, U.S. equities and commodities. Market tape is excluded from industry-impact scoring.

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A-sharesImportance 95

ChangXin Technology Soars 466% on STAR Market Debut as Turnover Hits Record RMB141 Billion

ChangXin Technology, China's largest DRAM manufacturer, surged 465.82% on its first trading day on the Shanghai Stock Exchange's STAR Market, closing at RMB49.00 per share from an IPO price of RMB8.66. The stock opened at RMB49.50 and ended with a market capitalisation of about RMB3.28 trillion. Turnover reached RMB141.19 billion, a single-stock daily record for A-shares. The IPO raised RMB57.92 billion, or up to RMB66.6 billion with the overallotment option, making it the largest-ever STAR Market listing. Insurers, banks and brokerages that invested in the company booked substantial gains.

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A-sharesImportance 60

SSE Hosts Online International Roadshow for STAR Market's 7th Anniversary, Expands Fifth Listing Standard to

The Shanghai Stock Exchange held an online international roadshow on July 23 to mark the seventh anniversary of the STAR Market, drawing over 30 investment institutions from developed and emerging markets. Under CSRC guidance, the SSE announced the expansion of the fifth set of listing standards to cover artificial intelligence, and released the first multi-asset and convertible bond indices for the STAR Market.

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333
A-sharesImportance 70

A-Share Market Cap Structure Diverges in Q2: Two More Trillion-RMB Firms, 38 More Above 100 Billion, Median

In the second quarter, the market capitalization structure of A-share listed companies diverged. The number of companies with a market cap above RMB 1 trillion increased by two, to include Zhongji Innolight and Cambricon Technologies. Firms above RMB 100 billion increased by 38, and those above RMB 50 billion by 76. Companies with a market cap between RMB 5 billion and RMB 50 billion decreased by 270, while those below RMB 5 billion increased by 226. At the end of the first half, the median market cap across the market stood at RMB 6.15 billion, down RMB 330 million from the end of the previous quarter.

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334
A-sharesImportance 50

Yak Technology Hits Daily Limit Up on RMB 8.579 Billion Turnover; Three Brokerage Branches Net Buy RMB 474

On July 27, Yak Technology hit the daily limit up, recording a turnover of RMB 8.579 billion. According to the dragon and tiger list, three brokerage branches posted net buys totaling RMB 474 million: Guotai Haitong Securities' Wuhan Ziyang East Road branch net bought RMB 206 million, its Chengdu North First Ring Road branch net bought RMB 160 million, and Kaiyuan Securities' Xi'an Taihua Road branch net bought RMB 108 million.

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335
A-sharesImportance 70

16 A-Share Stocks Swing Over 20%, 11 Exceed 30% Turnover; N Changxin Leads Net Capital Inflow at RMB 33.8

In today's A-share trading, 16 stocks recorded a price swing above 20% and 11 saw turnover exceeding 30%. Major capital flowed into the electronics, power equipment, and machinery sectors, while exiting computers, petroleum, and banking. N Changxin attracted the highest net inflow of RMB 33.84 billion, followed by Dongshan Precision and Yake Technology. Tongfu Microelectronics led net outflows.

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336
A-sharesImportance 70

CSI Small-cap 500 ETFs' Turnover Jumps 32% to 65.89 Billion Yuan, Average Up 2.30%

CSI Small-cap 500 Index ETFs recorded a total turnover of RMB 65.89 billion on Tuesday, up 32.46% from the previous session, driven by strong gains in individual funds. The average return of related ETFs stood at 2.30%, while the underlying index rose 2.49%. Notable increases were seen in the ICBC Credit Suisse CSI 500 ETF (510530) and the Invesco Great Wall CSI 500 Enhanced Strategy ETF (159610), with turnover surging 157.40% and 99.36%, respectively.

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337
A-sharesImportance 70

Brain-Computer Interface Sector Up 5.54%, Main Funds Net Inflow RMB 1.27 Billion, Several Stocks Limit Up

The brain-computer interface concept sector surged 5.54% on July 27, leading all concept sectors. 70 stocks advanced, with Aipeng Medical hitting the 20% daily limit, alongside Nanjing Panda, Yingqu Technology, and Saili Medical. Beiyikang, Chengdu Huawei, and Beiqingsong gained 18.39%, 15.88%, and 14.21% respectively. The sector attracted net main fund inflows of RMB 1.27 billion, with 43 stocks seeing net inflows and 10 exceeding RMB 50 million. Innovation Medical led with RMB 293 million net inflow, followed by Hainan Haiyao (RMB 264 million) and Yanshan Technology (RMB 178 million). Inflow ratios were led by Hainan Haiyao at 59.71%, Saili Medical at 57.00%, and Innovation Medical at 34.01%. Conversely, Star-net Ruijie, EVE Energy, and Shiyun Circuit posted net outflows.

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A-sharesImportance 65

A-Share Indices Rise: Shanghai Composite +1.15%, Shenzhen Component +2.72%, ChiNext +3.16%; 37 Stocks Exceed

China's A-share indices closed higher on July 27. The Shanghai Composite Index rose 1.15% to 3858.25 points, the Shenzhen Component Index gained 2.72% to 14148.73 points, and the ChiNext Index advanced 3.16% to 3590.79 points. A total of 37 stocks recorded turnover rates exceeding 20%, led by Weiqi Technology with a turnover rate of 98.78% and a surge of 599.5%.

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A-sharesImportance 62

CSI 1000 Index ETF Turnover Rises 27.03% to RMB 9.613 Billion

On July 27, total turnover of CSI 1000 index ETFs reached RMB 9.613 billion, up 27.03% from the previous session. The CSI 1000 index rose 3.33%, and the average gain of related ETFs was 3.24%. The Southern CSI 1000 ETF led with a 36.56% increase in turnover to RMB 4.883 billion.

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340
A-sharesImportance 50

Foreign Institutions Survey 56 A-Share Firms; Montage Tech Top with 50, Furi Up 33%, Olin Down 31%, Yuanjie

Foreign institutions surveyed 56 A-share companies over the 10 days to July 27. Montage Technology received the most attention with 50 visits. The surveyed stocks fell an average of 6.67%. Best performer was Furi Co. , up 33%, while Olin Biological dropped 31%. Among those with earnings forecasts, Yuanjie Technology expects interim net profit to surge 1250.95%.

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341
A-sharesImportance 50

21 BSE Companies Surveyed by Institutions in Past Month; Fuji Da Most Sought, Average Down 11.43%

In the month from June 28 to July 27, 21 Beijing Stock Exchange (BSE) companies received institutional surveys. Fuji Da attracted the most attention with 32 institutions, while Guangmai Technology, Puang Medical, and Oulun Electric had 30, 28, and 27 respectively. Survey types included brokerages (20 firms), funds (15), private equity (8), and insurance (3). The surveyed companies averaged a 11.43% decline, with only three posting gains. Daily turnover averaged 3.93%, and the average market cap of surveyed firms was RMB 3.300 billion, above the BSE average of RMB 2.387 billion.

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342
A-sharesImportance 40

80 Stocks See Falling Shareholder Counts for Three or More Periods; Ouma Software Down 15 Straight Periods

Among 562 companies disclosing shareholder counts by July 20, 80 stocks have seen consecutive declines for at least three periods. Ouma Software led with a 15-period drop (cumulative 27.07%; headline 27%), followed by *ST Texun (13 periods, 38.07%). Shengteng Energy fell 16.17% in the latest period (headline 16%); Baoding Technology dropped 13.08%; Boyuan New Materials fell 12.73%. In market performance, 5 stocks rose after concentration, with Yanjing Beer up 23.04% (headline 23%), Century Tianhong up 19.54%, and ChuanTou Energy up 5.48%. Eight stocks outperformed the Shanghai Composite Index, led by Yanjing Beer (28.71% excess return), Century Tianhong (22.93%), and Zhongji Innolink (10.98%).

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343
Hong KongImportance 50

Hong Kong Stocks End Higher; Tech Index Up 1.57%, Xiaomi Surges 7%, Gold and Airline Stocks Gain

Hong Kong stocks closed higher on July 27, with the Hang Seng Index rising 0.98%, the Hang Seng Tech Index gaining 1.57%, and the Hang Seng State-owned Enterprises Index up 1.14%. Tech stocks mostly advanced, with Xiaomi surging over 7% and Meituan up 3%. Gold stocks also strengthened, led by Everest Gold which jumped 23.29%. Airline stocks gained, with China Southern Airlines rising over 6%.

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344
OtherImportance 30

Pakistan’s KSE-100 Index Rises Over 3% to 176,328.31 Points

Pakistan's benchmark KSE-100 index surged more than 3 percent to close at 176,328.31 points, reflecting strong investor demand. The gain pushed the index above the 176,000-point level, marking a notable session for the Karachi Stock Exchange's main gauge. The advance, driven by broad-based buying, underscores positive market sentiment.

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A-sharesImportance 60

A-Share Market Sees 121 Stocks Hit Daily Limit on July 27

On July 27, 121 stocks in China's A-share market hit their daily price limit. In the grid equipment sector, Changlan Cable achieved five consecutive limit-ups, and Shunna Electric recorded three. In the military sector, Changcheng Military also posted three consecutive limit-ups. In the memory chip sector, Zhicheng Technology saw two consecutive limit-ups.

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Hong KongImportance 65

Hong Kong Stocks Rise 0.98%, Tech Index Gains 1.57%, PCB Concept Leads

Hong Kong stocks closed higher on July 27, with the Hang Seng Index rising 0.98% and the Hang Seng Tech Index gaining 1.57%. The PCB concept led the rally, with Xinqi Micro Equipment surging over 19%, Kingboard Laminates and Shenghong Technology each up over 6%. Among heavyweight tech stocks, Xiaomi rose over 7% and Meituan gained 3%. AI large model concept also advanced, with MiniMax up over 17% and Zhipu up over 3%.

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347
A-sharesImportance 82

Changxin Technology Surges 466% on STAR Market Debut, Becomes Largest A-Share Company by Market Cap

Changxin Technology (688825) closed at RMB 49 on its first day of trading on the Shanghai Stock Exchange's STAR Market, up 466% from its IPO price, giving it an A-share market capitalization of approximately RMB 3.28 trillion, the highest among all A-share companies. The DRAM leader is a key enterprise in Hefei's integrated circuit industry. As of the close, Hefei A-share companies' total market cap exceeded RMB 4.5 trillion, ranking fourth among Chinese cities.

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348
A-sharesImportance 50

Major Indices Trade in the Red; ChiNext Closes Up 3.16%

Chinese stocks traded in positive territory, with major indices posting gains. The ChiNext index, which tracks growth-oriented companies, closed up 3.16 percent, leading the market's advance. The broad-based rally reflects broad buying support across sectors.

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349
U.S. equitiesImportance 60

Memory Chip Stocks Rise in US Pre-Market; SK Hynix Up Over 6%

Memory chip stocks posted broad gains in US pre-market trading. SK Hynix surged more than 6%, while SanDisk and Western Digital each advanced over 4%. Micron Technology and Seagate Technology also rose, adding over 3%. The uptick reflects positive investor sentiment in the semiconductor memory sector.

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350
A-sharesImportance 30

July 27 Late-Trading: C Changxin, Dongshan Precision, Zhongji Innolight Net Inflows; Hikvision, GigaDevice

In the late trading period on July 27, C Changxin recorded a net inflow of 1.788 billion yuan, Dongshan Precision 866 million yuan, and Zhongji Innolight 683 million yuan. On the other hand, Hikvision, GigaDevice, and CNOOC experienced the largest net outflows during the same period. These movements reflect the capital allocation trends in the final minutes of the trading session.

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351
A-sharesImportance 90

CXMT Surges Over 500% in STAR Debut, Market Cap Tops RMB3.5 Trillion; Country Garden Ventures Misses Nearly

CXMT soared over 500% by midday on its STAR Market debut, with turnover exceeding RMB100 billion and a market capitalization topping RMB3.5 trillion, making it the largest A-share company. Founder Zhu Yiming’s stake increased by RMB70 billion. Country Garden Ventures, which acquired a 1.56% stake in a 2021 funding round, sold that holding in December 2024 for RMB2 billion, or RMB2.22 per share. With shares now above RMB50, the firm missed out on nearly RMB46 billion in gains. Alibaba holds 5% with paper profits over RMB160 billion. The Hang Seng Tech Index rose over 1.6%.

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352
A-sharesImportance 70

A-Share Markets Surge at Close on July 27; Shanghai Composite Rises 1.15%

On July 27, A-share markets staged a late-session surge, with the Shanghai Composite Index closing up 1.15% at 3858.25 points. The Shenzhen Component Index gained 2.72%, and the ChiNext Index rose 3.16%. Turnover across the Shanghai, Shenzhen, and Beijing exchanges reached approximately RMB 2.09 trillion, with nearly 5,200 stocks advancing. Sector gains were led by semiconductors, chemicals, tourism, pharmaceuticals, non-ferrous metals, and power, while concept stocks such as PCB, brain-computer interface, CPO, and glass substrate were active.

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353
A-sharesImportance 40

Shanghai Composite Gains 0.4% to 3829; A-Share Turnover 1.357 Trillion Yuan; 23 Stocks Post Death Cross

The Shanghai Composite Index rose 0.4% to 3829.39 points at midday, with A-share half-day turnover reaching 1.357 trillion yuan. A total of 23 stocks recorded a death cross as their 5-day moving average crossed below the 10-day moving average. Among them, Zhinanzhen, *ST Lingnan, and Zhejiangziran showed the largest gaps of -0.93%, -0.59%, and -0.48%, respectively. Other stocks included Shenzhou Taiyue, Caida Securities, Pacific, and others, excluding stocks listed within the past year.

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354
A-sharesImportance 55

Shanghai Composite Up 1.15% to 3858, Turnover 2.08 Trillion Yuan; Changxin Surges 466% on STAR Market Debut

China's A-share markets closed higher. The Shanghai Composite rose 1.15% to 3858 points, the Shenzhen Component gained 2.72% to 14148, the CSI 300 added 1.15% to 4702, and the ChiNext advanced 3.16% to 3590. Total turnover reached RMB 2.08 trillion. In its debut on the Shanghai STAR Market, Changxin Technology (688825. SH) surged 466% to close at RMB 49 from its IPO price of RMB 8.66, giving it a market capitalization of nearly RMB 3.28 trillion. Sector-wise, chemicals rose nearly 4%, while aircraft manufacturing, electronics, and media gained over 3%.

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355
A-sharesImportance 70

Shanghai Composite gains 1.15%, ChiNext rises 3.16% as Changxin Technology surges 465%

A-shares rallied on July 27 with all four major indexes closing higher. The Shanghai Composite rose 1.15%, the Shenzhen Component gained 2.72%, the ChiNext Index added 3.16%, and the STAR Composite increased 2.49%. Changxin Technology surged 465% to a market capitalization of 3.27 trillion yuan on turnover of 141.1 billion yuan. Total turnover on the Shanghai and Shenzhen exchanges reached 2.08 trillion yuan, up 145.5 billion yuan from the previous session. Nearly 5,200 stocks advanced, with over 100 hitting the daily limit up. MLCC, PCB, brain-computer interface, lithium battery, CRO, and AI application concept stocks were active. Insurance stocks weakened, with China Life Insurance and Ping An Insurance falling more than 1%.

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356
Hong KongImportance 60

Hong Kong PCB Concept Stocks Surge on AI Demand; Xinqi Up 15%, Orders Locked to 2027

Hong Kong-listed PCB concept stocks rallied on July 27, with Xinqi Microelectronics rising 15% and Kingboard Laminates gaining over 8%. The surge was driven by soaring AI computing demand, which has led to a supply shortage of high-end PCBs and sustained price increases. Top manufacturers have secured orders through 2027. A motherboard manufacturer noted that high-speed PCB prices have risen more than three to four times.

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357
OtherImportance 68

Over 1,700 Bank Wealth Management Products Below Par, Break-Even Rate Exceeds 2.5% as Fundraising Failures

As of July 24, over 1,700 bank wealth management products had net values below 1 yuan, with a break-even ratio exceeding 2.5%. The main source is R2-rated fixed-income-plus products, with some showing widening losses and one-month annualized yields as low as -5.86%. The break-even rate rose temporarily in June due to seasonal factors. Fundraising failures have increased, with over a dozen products from CITIC, Everbright, Bohai, and Huishang failing to meet minimum subscriptions. Since 2026, fixed-income-plus product assets have surpassed 8 trillion yuan, with average equity allocation of 5% and some equity products investing over 80% in stocks.

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358
OtherImportance 30

European Major Indices Open Higher, Stoxx 50 Up 1.04%

European major stock indices opened higher on the day, with the Euro Stoxx 50 rising 1.04%, Germany's DAX gaining 1.34%, the UK's FTSE 100 advancing 0.72%, and France's CAC 40 increasing 1%.

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359
A-sharesImportance 65

A-Share Indices Higher: Shanghai +1.15%, Shenzhen +2.72%; Changxin Tech Surges 465% to 3.27 Trillion Yuan

China's four major A-share indices closed higher, with the Shanghai Composite up 1.15%, Shenzhen Component up 2.72%, ChiNext up 3.16%, and STAR Composite up 2.49%. Changxin Technology surged 465% on turnover of 141.1 billion yuan, reaching a market capitalization of 3.27 trillion yuan. Over 5,100 stocks advanced across the market, with active trading in concept sectors including PCB, brain-computer interface, lithium battery, CRO, and AI applications.

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A-sharesImportance 85

Changxin Technology Surpasses ICBC on Debut; Big Banks' AICs Hold 4.05%

Changxin Technology (688825. SH) surpassed Industrial and Commercial Bank of China (ICBC) on its first trading day to become the largest company by market capitalisation on the A-share market. The AIC units of five state-owned banks collectively hold about 4.05% of the company's shares. Agricultural Bank of China's Nongyin Investment is the largest bank AIC investor with a 0.95% stake. China Construction Bank's combined holdings via Jianxin Investment, CCB International, and Jianxin Linghang total 1.7%, the highest among the five banks. ICBC, Bank of Communications, and Bank of China hold 0.64%, 0.38%, and 0.38% respectively.

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