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Today · 2026-08-01 · Sat

Economic daily: a steady-market combination to boost confidence in capital market development

ON 22 JULY, THE DAILY ECONOMIC NEWSPAPER WROTE THAT, IN RECENT TIMES, MARKET SHOCKS HAD INTENSIFIED, TECHNOLOGY PLATES HAD BEEN REORIENTED IN STAGES AND SOME INVESTORS HAD EXPRESSED DOUBTS ABOUT THE LONG-TERM DYNAMICS OF THE MARKET. IN THE FACE OF MARKET FLUCTUATIONS, THE CVM HELD TWO CONSECUTIVE SEMINARS TO SEND A TIMELY SIGNAL OF STEADY EXPECTATIONS. ON 20 JULY, THE PROPOSALS WERE HEARD MAINLY FROM INVESTORS; ON 21 JULY, THE PROPOSALS WERE HEARD FROM LISTED COMPANIES, INDUSTRY BODIES AND EXPERT SCHOLARS. REVIEWING THE KEY ADJUSTMENT NODES OF UNIT A, THE REGULATORY PANEL WAS AN IMPORTANT INITIATIVE TO STABILIZE MARKET EXPECTATIONS AND MITIGATE MARKET RISKS. THESE TWO DAYS OF SEMINARS HAVE ALSO RELEASED THE FIRM DETERMINATION OF A STABLE REGULATORY MARKET. FOR REASONS OF THE CURRENT ROUND OF MARKET REVERSALS, IT IS GENERALLY ACCEPTED THAT THE MARKET IS MAINLY A RESULT OF STRUCTURAL ADJUSTMENTS CAUSED BY EXTERNAL EMOTIONAL DISTURBANCES, RATHER THAN A REVERSAL OF ECONOMIC FUNDAMENTALS OR INDUSTRIAL TRENDS, AND THAT THE MEDIUM- AND LONG-TERM POSITIVE PATTERN OF A SHARES IS STILL SUPPORTED. IN THE CONTEXT OF THE POLICY ENVIRONMENT, THE COUNTRY'S ECONOMY IS NOW CHARACTERIZED BY AN OVERALL SMOOTH AND NEW-FOR-OPPORTUNITY DEVELOPMENT, A PROFOUND CHANGE IN THE OVERALL ECOLOGY OF CAPITAL MARKETS SINCE THE PROMULGATION OF THE NEW “ARTICLE 9”, THE CONTINUED RELEASE OF THE EFFECTS OF COMPREHENSIVE REFORM OF INVESTMENT FINANCING, THE EFFECTIVE UPGRADING OF THE QUALITY AND VALUE OF INVESTMENTS OF LISTED COMPANIES AND A SOLID FOUNDATION FOR THE SOUND FUNCTIONING OF MARKETS. IN TERMS OF FINANCIAL MOVEMENTS, VARIOUS OPERATORS ARE INCREASING THEIR DEPLOYMENTS WITH A “GOLD AND SILVER” REVERSAL, WITH A SOLID MARKET “PORTFOLIO” AND A CO-ORDINATED MARKET TO CONVEY FIRM CONFIDENCE IN THE DEVELOPMENT PROSPECTS OF CAPITAL MARKETS. INTENSIVE BUY-BACKS AND INCREASES IN RECENT DAYS WILL BETTER PRESERVE CORPORATE VALUES AND THE INTERESTS OF ALL SHAREHOLDERS. COMPARED WITH SHORT-TERM FLUCTUATIONS, THE FIRM PERFORMANCE OF LISTED COMPANIES IS AN IMPORTANT MEASURE OF VALUE AND ONE OF THE ANSWERS TO MARKET MISGIVINGS. FROM PROFIT DATA, AS AT 19 JULY, NET PROFITS TOTALLED APPROXIMATELY $23,736 MILLION, AN INCREASE OF 147 PER CENT OVER THE PREVIOUS YEAR, IN THE AVERAGE OF THE AVERAGE OF THE UPPER AND LOWER LEVELS OF NET PROFITS FOR WHICH THE DEEP MARKET HAD DISCLOSED PERFORMANCE FORECASTS FOR 900 COMPANIES。

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Ministry of Foreign Affairs of Pakistan: Condemnation of the Houthi armed threat to regional security

On 22 July, the Ministry of Foreign Affairs of Pakistan issued a statement on 22 July condemning the “continuing threat” posed by Yemeni Al-Houthi forces to Saudi Arabia and merchant ships passing through the Red Sea. The statement stated that any hostile action or violation of the maritime interests of Pakistan against ships flying the Pakistani flag would be considered a serious threat to the national security and sovereign interests of Pakistan. It reserves the right to take all necessary measures to defend itself, in accordance with the Charter of the United Nations and international law. Pakistan is deeply concerned about the attempts to involve Saudi Arabia in the war in the Middle East and strongly supports Saudi security, sovereignty and territorial integrity. Pakistan insists on de-escalating the situation in the region through dialogue and diplomacy and calls on all warring parties in the Middle East to respect international law and to ensure the safety of international shipping。

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Quite sophisticated: The light module was indeed stolen but the impact on performance was not disclosed at the level of disclosure

On 22 July, in response to a recent rumour that the light module of a sophisticated offshore warehouse in Toyama had been stolen, today, as an investor, a call was made to the Ministry of Precise Securities, stating that the matter did take place, but that the amount claimed was not as much as tens of millions of dollars on the Internet, which was calculated at a sales price, but that the impact on company profits was in fact less significant and did not meet the disclosure criteria。

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Bulgaria allows the United States to deploy refuellers in the country to support operations in the Middle East

ON 22 JULY, BULGARIAN PARLIAMENTARIANS APPROVED THE UNITED STATES REQUEST FOR THE DEPLOYMENT OF REFUELLING AIRCRAFT AND MILITARY PERSONNEL AT AN AIRPORT IN THE COUNTRY TO SUPPORT COMBAT OPERATIONS IN THE MIDDLE EAST. ACCORDING TO A MEASURE ADOPTED BY THE BULGARIAN PARLIAMENT ON WEDNESDAY, FROM 24 JULY TO THE BEGINNING OF OCTOBER, UP TO EIGHT UNITED STATES KC-135 REFUELLERS WITH CREWS AND 250 SOLDIERS WITH WEAPONS AND AMMUNITION COULD BE DEPLOYED TO THE BEZMAIL MILITARY BASE。

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Billionaire Mark Cuban warns that the AID data centre is being overextended

According to the news of 22 July, on 21 July, United States billionaire Mark Cuban, participating in the podcast " All-In Podcast ", said that technology giants like Google and Meta were placing cash flows into AI infrastructure while borrowing hundreds of billions of dollars to build data centres, amounting to a wager of future growth in demand and no major changes in the technology route. He cautioned, however, that AI efficiency could still lead to a major breakthrough, which would significantly reduce the need for computing power and electricity. Like the fibre-optic industry of the year, which quickly shifted from supply to demand to large production capacity, high-priced data centres today may well depreciate in the future due to overcapacity. In his view, the demand for AI did grow, but the risk remained high in markets 10 years and 20 years later, with decades of debt。

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WHITE HOUSE OFFICIALS HAVE REVEALED THAT THE PROGRESS OF THE BITCOIN CLARITY BILL NEGOTIATIONS IS CLOSE TO THE PASSAGE OF THE TWO PARTIES' SUPPORT FOR SUSTAINED GROWTH

According to market news: White House officials recently revealed the latest developments in bipartisan negotiations on the Bitcoin Clarity Act: The Democratic Party negotiation strategy has been to reach no consensus in advance and eventually to finalize the agreement in the final stages of the vote; the bill is now “very close” to its formal adoption, and cross-party support is increasing。

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Kraken parent expands its monetization stock business, and xStocks will cover the Hong Kong, English and Korean stock markets

On 22 July, the Kraken parent company Payward announced that it was expanding its monetized stock platform xStocks, with plans to extend coverage from the United States stock market to Hong Kong, the United Kingdom, the Republic of Korea and other international stock markets. Payward stated that Hong Kong's listed shares are being introduced into xStocks platform in cooperation with GTN, an investment infrastructure provider, and that it plans to support British, European and Korean equities after receiving regulatory approval. In addition, the cooperation provides a basis for the future expansion of other monetized asset classes. According to Payward Global Service Manager Mark Greenberg, other global markets remain important asset classes that have not yet been monetized, and companies want to gradually introduce global capital markets into the chain through xStocks. XStocks used to provide online versions of United States stocks and ETFs, including popular assets such as Inweida, Apple, Tesla. The platform has now supported over 500 tokenized securities, with a cumulative trade of over $35 billion and close to 200,000 holders. The products are still not open to United States users. This expansion is in line with the rise in competition for tokenized securities. Institutions such as Robinwood, Coinbase and NASDAQ, the New York Stock Exchange and others are advancing the chaining of stock assets. Citicorp had previously predicted that by 2030 the size of the monetized securities market could reach $5.5 trillion, of which the monetized stock market was about $2.6 trillion。

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Bitcoin pondFoundry initiated a vote and the miners will decide whether to support the BIP-110 proposal

On July 22nd, one of Bitcoin's largest mining ponds, Fundry USA, is inviting the miners under the flag to vote to decide whether the pond supports the BIP-110 bitcoin improvement proposal. BIP-110 is a soft forklift proposal that is under intense discussion to reduce the size of stored data in bitcoin transactions in order to limit the occupancy of non-monetary transactions, including Ordinals (column). Fundry indicated that information on the proposal had been provided to miners ' clients and that the voting window would be closed at the height of the Bitcoin block at 961,632, which was expected in early August. The miners' clients can vote through links received by mail. BIP-110 is currently one of the more controversial proposals for the Bitcoin community. Proponents were of the view that the proposal would help to reduce the pressure on block space from non-financial use transactions; opponents were concerned that it might affect the openness of the Bitcoin network. Blockstream CEO Adam Back had publicly opposed BIP-110 as a possible use to freeze user funds. Executive Chairman Strategy Michael Saylor also criticized the proposal as likely to affect part of the normal transaction. According to Hashrate Index, Fundry USA currently accounts for 23.8 per cent of the entire network of bitcoin and is one of the largest bitcoin ponds in the world. Its attitude to BIP-110 may influence the future process of community discussion and deployment of the proposal。

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Anthropic hit another $20 million and AI managed to burn into the US mid-term election

Anthropic contributed an additional $20 million to the cross-party AI Policy Organization Public First Action, with a cumulative investment of $40 million. This organization advocates greater transparency in AI and enhanced security oversight. According to Anthropic, model capacity is rapidly increasing and associated risks are increasing. Contributions can be used only for policy advocacy purposes and not to support or oppose specific candidates. On the other hand, the Super-Political Action Committee, which advocates accelerated and deregulated AI, is also holding large amounts of money. Prior to the mid-term elections in the United States, AI regulation had become a political lobbying war for real money and silver。

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GOOGLE'S SHOW ON THURSDAY MORNING

On 22 July, after the United States stock held on 22 July at local time (23 a.m. Beijing time) Alphabet, the Google parent company, will announce performance for the second quarter, but the real focus of the market is not on single-season profit performance, but on whether management will further adjust the AI Capital Expenditure (Capex) guidelines. According to Robert Castrano, President of the Industry Network, who has more than 40 years of experience in research in the science and technology industry, several industrial chain signals indicate that Alphabet's previous offer of $180 - $190 billion in 2026 Capex may have been conservative. Alphabet ' s investment in the AI infrastructure for the coming years is likely to maintain the upward trend as the construction of the AIS data centre continues to accelerate and the demand for cloud computing continues to grow strongly. Castrano anticipates that Alphabet will, perhaps in the financial statements, increase the 2026 capital expenditure guidelines to $190 billion-2000 billion, while maintaining the related statement that the 2027 expenditure will be close to $300 billion. At the same time, Deutsche Bank has significantly increased projections of future capital expenditure in Alphabet. Germany expects that Alphabet will reach about $325 billion in 2027, up significantly from previous projections of $250 billion; capital expenditure may rise further to $365 billion to $37 billion in 2028. If this trend materializes, it means that the AI infrastructure investment cycle continues to expand, and the market has previously been concerned about the upcoming peak of AI capital spending and the slowdown in growth dynamics, or will face repricing。

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