Objective market moves across A-shares, Hong Kong, U.S. equities and commodities. Market tape is excluded from industry-impact scoring.
Four new stocks are available for subscription this week, all niche leaders. Changxin Technology, a DRAM leader, listed on Monday raising 29.5 billion yuan, the largest A-share IPO this year. The company reported first-quarter revenue of 50.8 billion yuan, up 719.13% year-on-year, and net profit of 33.012 billion yuan, up 1268.45%.
A total of 1,724 listed companies have disclosed their half-year performance forecasts, with the AI computing, robotics, and innovative drug sectors showing explosive growth. Jiang Bo Long's net profit is forecast to surge by over 600 times, while Foxconn Industrial Internet expects net profit of RMB 23.4 billion. The robotics industry saw revenue exceed RMB 90 billion in the first five months, up 26.9% year-on-year, with a five-year average growth of over 20%. The National Medical Products Administration approved 38 class 1 innovative drugs in the first half, including 11 with new targets and mechanisms, all domestically developed. Out-licensing deals for Chinese innovative drugs totaled nearly USD 110 billion, twice the 2024 full-year figure.
Since July 2026, the Beijing Stock Exchange has seen a surge in insider purchases and share buybacks. As of July 24, seven companies have disclosed insider purchase plans, while over 20 have announced buyback plans or updated progress. These actions, funded by company cash, signal confidence in business prospects and long-term value, aiming to protect shareholder interests and boost investor confidence.
Starting July 24, eight fund managers including China Asset Management, E Fund, China Universal, Southern, Harvest, East Money, Fullgoal, and CSC Fund Management will submit registration applications to the China Securities Regulatory Commission for Beijing Stock Exchange (BSE) three-month holding period themed funds. The expansion broadens the product lineup of public funds on the BSE, potentially bringing incremental capital, improving market liquidity, and increasing institutional investor participation.
South Korea's National Pension Service (NPS) unexpectedly turned net buyer of domestic stocks in July, significantly increasing its holdings of SK Hynix. The move defied market expectations of a 74 trillion won selling pressure, which did not materialize. The NPS's shift to net buying provided support to the local equity market, as investors had been bracing for a potential wave of selling from the pension fund.