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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 75

A-Share Margin Balance Falls to RMB 2.5845 Trillion; Electronics, Telecom Net Repayments Top RMB 55 Billion

During the week of July 24-30, the A-share margin financing balance fell to RMB 2.5845 trillion, with total net repayments of RMB 107.693 billion. Electronics and telecommunications led the repayments at RMB 29.775 billion and RMB 25.631 billion. ChangXin Technology attracted the largest net margin buying of RMB 13.612 billion, and, based on first-quarter revenue, its global DRAM market share reached 8%, making it the world's fourth-largest DRAM maker.

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U.S. equitiesImportance 60

SpaceX Shares Fall 19% From IPO Price to $109 Amid Valuation and Profitability Worries

SpaceX shares traded at US$109, down 19% from the initial public offering price of US$135, since the company listed in June 2026. The stock opened at US$150 and later reached a high of US$225. The IPO valued SpaceX at US$1.4 trillion. The company, which develops reusable launch vehicles, the Starlink low Earth orbit satellite network, and the next-generation Starship rocket, has not achieved sustained profitability and has invested heavily in artificial intelligence. Competition in the commercial space industry is intensifying.

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Hong KongImportance 80

Five-Year China Government Bond Futures List on HKEX to Enhance Offshore RMB Risk Management

On August 3, 2026, five-year China government bond futures were listed on the Hong Kong Stock Exchange (HKEX), becoming the first and only such product in the offshore market. International investors can trade and settle these contracts using their existing Hong Kong accounts. Financial Secretary Paul Chan said the listing enriches RMB risk management tools and provides a standardized, exchange-traded offshore hedging instrument for government bonds. He cited Bond Connect, Southbound Connect, and the Interest Rate Swap Connect as prior steps, with this new product further completing the risk hedging framework. The move reinforces Hong Kong's role as the global hub for offshore RMB business.

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A-sharesImportance 55

July Institutional Research Covers Nearly 580 Listed Firms; Electronics and Machinery Lead

In July 2026, institutional research remained active, covering nearly 580 listed companies, with 18 receiving more than 100 research visits. Electronics led with nearly 100 companies, or 17.2% of the total, followed by machinery (12.9%), basic chemicals (9.5%), pharmaceuticals (8.3%), power equipment (7.8%) and computers (5.1%). Electronics and machinery accounted for 30.9% and 11.2% of all individual-stock research visits. Eoptolink, Zhongji Innolight and Yuanjie Technology saw the most visits, each exceeding 300, while BOE Technology, Montage Technology, HC SemiTek, Huaqin Technology and Hikvision each drew over 200.

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A-sharesImportance 55

47 Companies Issue Share Buyback Updates on August 1, Multiple Plans Top RMB 100 Million

On August 1, 47 companies published share buyback-related announcements: shareholders of three proposed buybacks, 14 disclosed first-time plans, 22 provided implementation updates, and eight completed programs. Among shareholder proposals, Yongmaotai, Beijing Junzheng and Debang Technology sought up to RMB 300 million, RMB 200 million and RMB 24 million. GigaDevice, Zhongchuang Zhiling and Yabao Pharmaceutical led initial plans with up to RMB 2 billion, RMB 400 million and RMB 200 million. In implementation, Haier Smart Home repurchased RMB 1.919 billion, the highest, followed by Jintian and Dabo Medical. Completed buybacks were led by Shiyun Circuit, Anfu Technology and Huicheng.

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OtherImportance 60

Chinese Firms Issue Nearly 100 Offshore Convertible Bonds Since 2026, Raising Over $21 Billion

Chinese companies have issued nearly 100 convertible bonds in offshore capital markets since the start of 2026, with total proceeds exceeding US$21 billion, up more than 10% year on year. Based on issuance start dates, the financing pace underscores sustained demand for offshore convertibles, which offer low cost, high efficiency and flexible terms amid still-elevated global interest rates. The channel remains active as issuers seek to manage borrowing costs effectively.

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A-sharesImportance 68

Over 70 A-Share Firms Get Buyback and Increase Loan Commitments in July 2026

In July 2026, more than 70 A-share listed companies disclosed receipt of loan commitment letters for share buybacks and shareholder increases, with aggregate upper limits reaching RMB 12.731 billion, an annual record. Buyback loans dominated, with over 60 such companies, while more than 10 were for shareholder increases. Main-board firms accounted for over 40, and at least 50 companies had market values below RMB 10 billion. Notable recipients included Chalco, Huayou Cobalt, Hailiang, and Dazhong Mining.

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U.S. equitiesImportance 88

Six US tech giants’ market caps swing nearly $2 trillion in earnings week as cloud lifts three, Apple loses

Six major US technology companies that reported earnings this week recorded a combined market-value movement of nearly US$2 trillion. Amazon, Microsoft and Alphabet each surged after posting strong cloud results, with Microsoft adding over $600 billion, while Amazon and Alphabet each gained over $400 billion, together contributing nearly US$1.5 trillion (RMB10 trillion). In contrast, Apple shed over $350 billion on memory-chip supply constraints, Meta lost roughly $85 billion after its earnings release, and Tesla slipped about $7 billion following negative free cash flow and higher spending forecasts. Amazon cloud revenue rose 37% year on year, the fastest since 2021, and it raised its 2026 capital spending forecast to US$220 billion.

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U.S. equitiesImportance 85

Apple Shares Fall 9.3% in Early Trade, May Post Worst Earnings-Day Drop in 13 Years

Apple shares fell as much as 9.3% in early trading, threatening to erase $460 billion in market value. The decline, if sustained through the close, would be the company's worst post-earnings performance since a 12.4% drop on January 24, 2013, and its biggest single-day fall since a 12.9% slide on March 16, 2020. CEO Tim Cook cited 'very significant constraints' and limited flexibility in the supply chain on the earnings call. Despite the selloff, Apple shares remain up about 11% year-to-date.

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A-sharesImportance 70

CATL Shares Fall 1.64% as Net Main Capital Outflow Reaches RMB 1.321 Billion and Margin Balance Drops RMB 978

CATL's shares closed at RMB 395.30, down 1.64%, with net main capital outflow of RMB 1.321 billion. The stock's margin balance fell by RMB 978 million over the past five days to RMB 22.289 billion. A block trade of 10,000 shares worth RMB 3.953 million was executed, with both sides being institutional accounts. Over the past three months, 26 block trades totaling RMB 2.996 billion have occurred.

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A-sharesImportance 60

Hangzhou Cable Sees 12 Block Trades Worth RMB 52.39 Million, 10% Discount

Hangzhou Cable Co. , Ltd. executed 12 block trades on July 31, totaling 260,000 shares worth RMB 52.39 million at RMB 20.15 per share, a 10% discount to the closing price. Over the past three months, the stock has seen 88 block trades worth RMB 331 million. The stock closed at RMB 22.39, up 3.85%, with a turnover rate of 13.21% and turnover of RMB 2.124 billion. Net main capital inflow was RMB 169 million. Over five trading days, the stock fell 9.13% with net capital inflow of RMB 26.70 million. The margin balance stood at RMB 539 million, down 15.1% over five days. The company was established on April 17, 2002, with registered capital of RMB 691.38 million.

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A-sharesImportance 60

Haiguang Information block trade 7.2 million yuan on July 31, cumulative 230 million yuan in 3 months

Haiguang Information completed a block trade of 26,000 shares worth RMB 7.202 million on July 31 at RMB 277.00 per share. Over the past three months, it has executed 18 block trades totaling RMB 230 million. The stock closed at RMB 277.00, up 1.31% from the previous day, with a turnover rate of 1.27% and a trading volume of RMB 8.43 billion. Main funds saw a net inflow of RMB 131 million on the day. Over the past five trading days, the stock fell 11.86% with a net outflow of RMB 1.318 billion. The margin financing balance stood at RMB 8.108 billion, down RMB 412 million or 4.83% over the same period.

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A-sharesImportance 60

WuXi AppTec's Two Block Trades on July 31, 2026 Total 164,000 Shares for RMB21.06 Million

WuXi AppTec executed two block trades on July 31, 2026, involving 164,000 shares at RMB128.43 each, totalling RMB21.06 million. Over the past three months, the stock has recorded 18 block trades with a combined value of RMB684 million. The stock closed at RMB128.43, up 2.35%, with a turnover rate of 2.31% and net capital inflow of RMB788 million. Over five trading days, it gained 2.74% with net inflows of RMB915 million. The margin balance stood at RMB5.022 billion, down 8.06% in five days.

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A-sharesImportance 50

Xinlian Integrated-U Block Trade: 850,000 Shares at RMB 5.95 Million, 10.26% Discount

Xinlian Integrated-U (Xinlian Integrated Circuit Manufacturing Co. , Ltd.) executed a block trade on July 31 involving 850,000 shares worth RMB 5.95 million at RMB 7.00 per share, a 10.26% discount to the closing price. In the past three months, three block trades totaled RMB 12.06 million. The stock rose 0.91% that day to RMB 7.80, with a turnover rate of 3.34% and net main-capital outflow of RMB 7.69 million.

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A-sharesImportance 40

Juhe Materials Block Trade of 19.99 Million Yuan on July 31

Juhe Materials completed a block trade of 327,800 shares at 60.98 yuan per share on July 31, with a total value of 19.9892 million yuan (1998.92 wan). Both sides of the trade were handled by the same GF Securities branch in Shanghai. The stock closed at 60.98 yuan, up 3.94%, with a daily turnover rate of 6.07%. Over the past five days, the stock fell 6.54% while its margin balance decreased by 7.32% to 10.91 billion yuan.

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U.S. equitiesImportance 82

Novo Nordisk Heart Drug Ziltivekimab Fails Phase III Trial, Shares Plunge Over 10%

Novo Nordisk announced that its experimental heart drug ziltivekimab failed to meet the primary endpoint in a large late-stage trial. The Zeus study, involving over 6,300 patients, showed no statistically significant reduction in major adverse cardiovascular events despite biological activity. The stock fell more than 10% at one point in Copenhagen, its largest intraday drop since February 2026.

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Hong KongImportance 70

Southbound Capital Net Inflow Hits HK$62.9 Billion in July, Up 132% Month-on-Month

Southbound capital net inflow reached about HK$62.9 billion in July, surging 132% month-on-month. The inflows were concentrated in early July when the Hang Seng Index traded below 25,000 points, with several single-day inflows exceeding HK$10 billion. After the index broke above 25,000 points on July 20, southbound funds began reducing positions, recording net outflows for seven consecutive trading days totaling HK$24.45 billion by month-end. By sector, information technology, raw materials, and healthcare saw net inflows of HK$40.84 billion, HK$20.75 billion, and HK$18.00 billion, respectively.

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A-sharesImportance 70

Mutual Fund Dividends Fall 27% to RMB 98.59 Billion; Bond Fund Payouts Drop 44.65%, Equity Funds Rise 30%

In the first seven months of 2026, Chinese mutual funds paid RMB 98.59 billion in dividends across 2,198 products, a 27% decline from a year earlier. Bond fund distributions plunged 44.65% to RMB 56.59 billion, while equity fund payouts increased 30% to RMB 41.25 billion. Broad-based ETFs dominated individual fund payouts, with the Huatai-PineBridge CSI 300 ETF alone distributing RMB 9.81 billion.

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A-sharesImportance 70

A-Share Tech Stocks Rally Broadly; Turnover Up 2000 Hundred Million Yuan, 4600+ Stocks Rise, ChiNext Jumps

A-share tech stocks staged a broad rally on July 31, with the ChiNext Index surging 3.06% and the Sci-Tech Composite Index gaining 3.69%. The Shanghai Composite rose 0.72% and the Shenzhen Component added 2.21%. Over 4,600 stocks advanced, while total turnover increased by more than 2000 hundred million yuan from the previous session. Bank and high-dividend sectors adjusted, shifting market focus to the tech and innovation board.

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A-sharesImportance 70

July 2026 Public FOF Performance Diverges: Equity Average Down 12.81%, Bond Average Up 3.21%

As of July 30, 2026, China's public fund-of-funds (FOF) market comprised 639 products with total net asset value of RMB 348.9 billion, dominated by bond-equity hybrid FOFs (62.78% of scale). July saw sharp performance divergence: equity-oriented FOFs averaged a 12.81% loss, with Jiaoyin Zhixuan Xingguang A falling 25.49% as the worst performer, while bond-oriented FOFs posted average gains, led by Yinhua Duocelue Wenjian Three-Month Holding A up 3.21%. Only 42 FOFs achieved positive monthly returns.

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A-sharesImportance 65

JCET and C Changxin Post Record Turnover on July 31, 2026, Shares Rise

On July 31, 2026, JCET and C Changxin both recorded record daily turnover. JCET's turnover reached 10.03 billion yuan, with shares rising 2.39%, while C Changxin's turnover hit 45.17 billion yuan, with shares up 3.50%. Both stocks saw higher turnover than the previous trading day.

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A-sharesImportance 60

International Composite Materials Turnover Reaches 10.058 Billion Yuan, Shares Up 0.24%, Turnover Rate 20.57%

International Composite Materials' turnover hit 10.058 billion yuan as of 14:40, surpassing the 10 billion mark. The stock rose 0.24% with a turnover rate of 20.57%. The previous session saw turnover of 11.518 billion yuan. The company, Chongqing International Composite Materials Co. , Ltd. , was founded in August 1991 with a registered capital of 3.7709 billion yuan.

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U.S. equitiesImportance 85

Global AI Stocks Rebound, Europe Stoxx 600 at Record, KOSPI Surges 17.91%, EU Announces 10 Billion Euro AI

Global AI-related stocks rebounded from the US to Asia and Europe, with the Stoxx 600 hitting an all-time high. The EU Commission launched a tender for up to seven AI supercomputers, signing letters of intent with AMD, Nvidia, and Qualcomm. South Korea's KOSPI surged 17.91%, its biggest single-day gain, as SK Hynix rose 30% and Samsung Electronics gained 26.81%. Japan's Nikkei 225 rose 4%.

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A-sharesImportance 85

Demingli Shares Close Down 1.06% After Hitting Limit Up on July 31, Turnover 17.36 Billion Yuan, Shenzhen-HK

Demingli shares closed 1.06% lower on July 31 after briefly hitting the daily limit up and then reversing. Turnover reached 17.36 billion yuan with a turnover rate of 25.61%. After-market data showed the Shenzhen-HK Stock Connect desk bought 761 million yuan and sold 1.31 billion yuan, resulting in a net sell of over 500 million yuan. One institutional desk net bought 14.96 million yuan, while two others net sold 444 million yuan. Huatai Securities Suzhou Wuzhong Avenue net bought 467 million yuan.

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A-sharesImportance 70

Biwei Storage's Trading Volume Reaches RMB 10.03 Billion, Shares Rise 6.7%, Turnover Rate 8.76%

Biwei Storage's stock recorded a trading volume of RMB 10.030 billion by 11:30 am on July 31, surpassing the RMB 10 billion threshold. The share price rose 6.70% during the session, and the turnover rate reached 8.76%. In comparison, the stock's full-day trading volume on the previous trading day was RMB 11.357 billion, reflecting a slight pullback in trading intensity.

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