🌹【Morning News Highlights on August 8】
1. On August 7, S&P Global Ratings released a report, deciding to maintain China's sovereign credit rating at 'A+' with a 'stable' outlook. A responsible person from the Ministry of Finance expressed pleasure at S&P's decision to maintain China's sovereign credit rating and stable outlook, noting that the S&P report highly recognizes China's economic growth resilience and debt management effectiveness, reflecting confidence in the positive outlook for China's economy.
2. Yesterday, Foreign Ministry spokesperson Guo Jiajun answered a reporter's question. The reporter asked about the U.S. Department of Justice's claim that two Chinese citizens were accused of violating U.S. export restrictions by exporting advanced AI chips made by Nvidia to China. Guo Jiajun stated that China consistently opposes the U.S. politicizing, weaponizing, and using technology and economic issues against China, as well as maliciously blocking and suppressing China. The U.S. should effectively safeguard the legitimate rights and interests of Chinese citizens.
3. The central bank announced that to maintain ample liquidity in the banking system, today, the People's Bank of China will conduct a 700 billion yuan reverse repurchase operation through a fixed quantity, interest rate bidding, and multiple price levels, with a term of 3 months (91 days).
4. According to reports, on the afternoon of August 7, the Cambodian and Thai sides reached a consensus on the ceasefire supervision mechanism and follow-up arrangements. The Foreign Ministry spokesperson stated that China welcomes this. China adheres to a fair and just position, supports Cambodia and Thailand in enhancing communication and appropriately resolving differences, supports promoting political solutions through 'ASEAN methods', and is willing to continue playing a constructive role in peacefully resolving border disputes between Cambodia and Thailand.
5. Data from the People's Bank of China shows that as of the end of July, China's gold reserves amounted to 73.96 million ounces (about 2,300.41 tons), an increase of 60,000 ounces (about 1.86 tons) month-on-month, marking the ninth consecutive month of gold accumulation.
6. Recently, the Ministry of Industry and Information Technology and six other departments issued implementation opinions on promoting innovation and development in the brain-computer interface industry. The opinions propose that by 2027, key technologies in brain-computer interfaces will achieve breakthroughs, and a preliminary advanced technology system, industrial system, and standard system will be established. It also mentions breakthroughs in key brain-computer chips and the development of high-precision surgical robots for implanted brain-computer interfaces, achieving breakthroughs in sub-micron precision control and dynamic adjustment technology, as well as enhancing regional precise real-time imaging and three-dimensional reconstruction capabilities.
7. As of August 7, net southbound capital has accumulated a net purchase of 894.528 billion HKD this year, equivalent to 111% of the total for the entire year of 2024, setting a new historical high. Southbound capital has net bought for three consecutive trading days, with net purchases of 23.426 billion HKD, 9.485 billion HKD, and 0.661 billion HKD respectively.
8. The world's first intelligent robot 4S store - Robot Mall will officially open on August 8th. Similar to a car 4S store, this robot 4S store integrates functions such as robot 'sales, spare parts supply, after-sales service, and information feedback'.
9. The China Interbank Market Dealers Association issued a notice about strengthening self-discipline management of underwriting quotes in the interbank bond market. It mentioned reinforcing internal management of underwriting quotes. Lead underwriters should establish and improve the internal management system for bond underwriting quotes and must not participate in bond project bidding with quotes below cost.
10. The three major U.S. stock indexes closed mixed, with the Dow down 0.51%, the Nasdaq up 0.35%, and the S&P 500 down 0.08%. The Nasdaq China Golden Dragon Index rose 0.95%, with most popular Chinese concept stocks rising.
