AI applications receive multiple positive catalysts: US tech giants Microsoft and Amazon have confirmed AI commercialization in their earnings reports, while ByteDance's Seedance 2.5 has launched. DeepSeek-V4-Flash's official API is now available on China's national supercomputing platform, and Chinese products have claimed the top five spots globally for large model call volume. OpenAI has also cut its API pricing.
The State Council executive meeting has decided to approve four new nuclear power projects, including the first phase of the Liaoning Zhuanghe project. This includes eight new units, such as the second phase of the Zhejiang Jinqimen nuclear power project (Units 3 and 4). Nuclear power projects are a key driver for expanding effective investment, and the total investment for these new projects is estimated to exceed 170 billion yuan.
The State Council has called for effectively expanding domestic demand, focusing on high-potential, high-driving-force sectors to introduce a series of strong measures. It will accelerate the implementation of major projects identified in the "15th Five-Year Plan" and push forward the construction of the "Six Networks" plan.
The People's Bank of China has stated it will continue to implement a moderately accommodative monetary policy. It pledged to promptly introduce practical and effective incremental policies, strengthen counter-cyclical adjustments, boost domestic demand, optimize supply, and solidly execute key tasks for the second half of the year to drive sustainable economic improvement.
US President Donald Trump mentioned on August 2nd that an agreement has been reached regarding the Strait of Hormuz and that a deal on denuclearization will also be reached. Trump stated that the US will hold negotiations with Iran on August 3rd. Following this news, WTI crude oil futures prices fell by 6.22% to $79.401 per barrel.
Investment Calendar
The Quantum Computing Conference is about to commence.
Investment Wisdom
"I am convinced that choosing the right stocks is more profitable than correctly using market fluctuations to frequently switch between hot stocks and cash." — John Maynard Keynes, Contrarian Investor
Institutional Views
Founder Securities: The market has released most of its risks through rotational adjustments in July, and it is expected to enter a window for a rebound from oversold conditions.
CITIC Securities: The probability of a broad recovery in August is increasing, and it recommends increasing allocations to energy and chemicals, non-ferrous metals, non-bank financials, and innovative drugs.
Orient Securities: The technology sector is expected to enter a period of wide-ranging volatile bottom-building this month, creating rare opportunities for hard-tech companies.
Positive and Negative Catalysts
China's National Supercomputing Internet has launched the official API for DeepSeek-V4-Flash. Shenwan Hongyuan notes that DeepSeek-V4-Flash continues to demonstrate the high cost-effectiveness of domestic models. Guolian Minsheng Securities states that the DeepSeek-V4-Flash lightweight model matches flagship performance, which is positive for the AI application supply chain.
BYD has confirmed that its humanoid robot will begin work in Zhengzhou in August. Orient Securities believes the robotics supply chain is poised for synchronized development both domestically and internationally. With the push from leading companies, Optimus mass production is progressing normally. Domestic and international robotics companies are accelerating commercialization and financing processes, which will speed up the large-scale production and commercial deployment of humanoid robots. After the recent adjustment, the robotics supply chain is entering a new round of investment opportunities.
The 12th round of national drug centralized procurement has concluded, with products from several listed companies selected as intended winners. Xiangcai Securities recommends focusing on three main lines: innovative technology platform companies, comprehensive innovative drug companies, and upstream companies in the innovative drug supply chain. These directions are driven by strong policy adaptability and clear innovation drivers, offering significant potential for valuation recovery and earnings growth.
Announcement Digest
Positive announcements: Tianan New Material plans to repurchase shares worth between 30 million and 60 million yuan. Guanglian Aviation's controlled subsidiary has won a 112 million yuan material procurement bid from CNOOC. Yibo Technology's net profit for the first half of the year surged by 1561.55% year-on-year, with its new PCB factory having passed the breakeven point.
Negative announcements: Huazhijie's net profit for the first half of the year fell by 46.78% year-on-year. Chaoyang Technology's net profit for the first half of the year dropped by 85.87% year-on-year. Baotou Steel Union has been deemed responsible for a major explosion accident at a subsidiary, which resulted in 10 deaths and 84 injuries.
Overseas Markets
Super heavyweight stocks jointly lifted the market, with the US stock market staging a V-shaped recovery from its intraday lows. In sector movements, memory chip maker Micron Technology fell over 5%. Apple dropped over 7%, marking its largest single-day decline since April 2025. Amazon surged over 15%, its biggest single-day gain since 2012. Nvidia rose nearly 3%, reclaiming the global title of "King of Market Cap." The China金龙 index posted a five-day winning streak.
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