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　　[Overnight News]

　　Trump Promises to Make Bitcoin a Strategic Reserve Asset of the United States

On the 27th, at the Bitcoin 2024 conference held in Nashville, Tennessee, former US President Trump delivered a keynote speech to actively win over voters in the cryptocurrency industry and raise campaign funds.

Trump said that if he were to return to the White House, he would ensure that the government retained 100% of its Bitcoin and would list Bitcoin as a strategic reserve asset of the United States.

“I’m going to lay out my plan to make sure that the United States becomes the cryptocurrency capital and the Bitcoin superpower on Earth, and we’re going to get it done,” Trump said.

Trump also said that the market value of Bitcoin will surpass that of gold in the future. Since its birth, the market value of Bitcoin has been increasing, and it has become the ninth largest asset in the world by market value. It will soon surpass silver and will surpass gold in the future.

　　Australian Prime Minister announces cabinet reshuffle

Australian Prime Minister Albanese announced a cabinet reshuffle on the 28th.

In this reshuffle, the positions of Minister of the Interior, Minister of Agriculture, Forestry and Fisheries, and Minister of Housing will be adjusted among the original ministers, and the Minister of Aboriginal Affairs and the Minister of International Development and Pacific Affairs will be held by two new people. The new cabinet members are scheduled to be sworn in on the 29th.

Recently, Australia's Minister for Indigenous Affairs Linda Burney and Minister for Skills and Training Brendan O'Connor announced their withdrawal from the next federal election and immediately resigned from their cabinet ministerial positions. To this end, Albanese announced a cabinet reshuffle to prepare for the federal election to be held no later than 2025.

　　Mitsubishi, Honda, Nissan form alliance

According to Singapore's Lianhe Zaobao, Japan's Mitsubishi Motors will join an alliance formed by Honda Motor and Nissan Motor to jointly cope with the challenges of the current international automobile sales market. The three automakers have a combined annual sales volume of more than 8 million vehicles.

Mitsubishi will reportedly finalize details of a strategic partnership with Honda and Nissan. Nissan is Japan's third-largest automaker and controls 34% of Mitsubishi. Nissan's market share has been declining in its two largest markets, the United States and China. Nissan and Honda said in March that they were considering a strategic partnership to jointly produce electric vehicle components and artificial intelligence automotive software platforms.

The report said that the cooperation between Nissan, Honda and Mitsubishi can help Japanese automakers cut costs and strengthen their strength to cope with the fierce competition caused by China's BYD and the United States' Tesla in the electric vehicle field.

　　Several airlines canceled or postponed flights to and from Beirut, Lebanon on the 29th

According to information released on the website of Beirut International Airport in Lebanon, most flights originally scheduled to enter and exit the Lebanese capital Beirut from 0:00 to 6:00 local time on the 29th were delayed or canceled. The flights involved Qatar Airways, Pegasus Airlines, Ethiopian Airlines, Turkish Airlines and EgyptAir.

It is reported that late at night on the 28th local time, Israeli warplanes launched air strikes on areas in southern Lebanon close to the temporary border between the two countries. It is not clear whether this is related to the large-scale military retaliation by the Israeli army.

On the night of the 28th, the Israeli Prime Minister's Office issued a statement saying that after a four-hour meeting, the Israeli government's security cabinet meeting ended late on the 28th. The meeting authorized Israeli Prime Minister Netanyahu and Israeli Defense Minister Galant to decide the time and specific method of Israel's military action against Hezbollah in Lebanon in response to the rocket attack on the Golan Heights town of Majdar Shams on the 27th.

　　【Today's Focus (Beijing Time)】

10:00 The State Council Information Office held a series of press conferences on "Promoting High-quality Development" (National Intellectual Property Administration)

15:00 The State Council Information Office held a press conference on the 2024 China Internet Civilization Conference

　　【Financial Hotspots】

　　“SSE Income” is launched today

Previously, the Shanghai Stock Exchange and China Securities Index Co., Ltd. issued the "Announcement on the Release of Real-time Quotes of the Shanghai Composite Total Return Index". The announcement shows that in order to facilitate investors to observe the overall returns of the Shanghai securities market, the Shanghai Stock Exchange and China Securities Index Co., Ltd. decided to officially release the real-time quotes of the Shanghai Composite Total Return Index from July 29, 2024, and at the same time adjust the index code and abbreviation to "000888" and "Shanghai Stock Return" respectively.

According to the SSE Composite Total Return Index Compilation Plan, the SSE Composite Total Return Index is a derivative index of the SSE Composite Index. It is composed of samples of eligible stocks and depositary receipts listed on the SSE, and the sample dividends are included in the index income, reflecting the overall performance of SSE listed companies after the dividend income is included. The index takes July 21, 2020 as the base date and 3320.89 points as the base point.

　　RRR cuts are still expected this year

Zhong Zhengsheng, chief economist of Ping An Securities, believes that the reserve requirement ratio cut is still expected in the second half of the year. As the MLF maturity scale will gradually increase and the scale of government debt financing will increase, based on the need to make up for the base money gap, stabilize the money supply scale, and improve the liquidity indicators of commercial banks, the central bank needs to cut the reserve requirement ratio by 25 basis points to 50 basis points and release 500 billion to 1 trillion yuan of funds.

　　A sneak peek at the first half of the year's securities industry performance: 10 securities firms "earned more" year-on-year

According to statistics, as of July 27, 27 securities companies have disclosed their first-half performance. Among them, the net profit of 17 securities companies has declined compared with the same period last year, with the decline of more than 50%; 10 securities companies have achieved net profit growth, and 2 of them have turned losses into profits.

In terms of net profit (part of which is the net profit attributable to the parent company), the current semi-annual net profits of Orient Securities, SDIC Securities and Haitong Securities are 2.111 billion yuan, 1.215 billion yuan, and 919 million yuan-1.167 billion yuan, respectively, ranking at the top.

　　Public offering re-examines convertible bond investment

Since the beginning of this year, affected by market fluctuations, a large number of low-priced convertible bonds have fallen below their par value, and the risk of convertible bonds being delisted and defaulted has gradually emerged. Convertible bonds are often seen as an important variety for stable fund products to increase returns, but the CSI Convertible Bond Index has fallen for three consecutive years. Many fund products that have allocated convertible bonds have not only failed to increase their returns, but their net value has been dragged down. Many public fund industry insiders said that the risk factors that were not taken seriously in the convertible bond market in the past have been exposed recently, and the investment logic has changed and needs to be re-examined.

　　Evergrande Auto: Creditors apply for bankruptcy reorganization of Evergrande Smart Auto and others

Evergrande Auto Hong Kong Stock Exchange announced that it received a notice issued by the relevant local people's court on July 26, and individual creditors of the relevant subsidiaries applied to the relevant local people's court for bankruptcy reorganization of the relevant subsidiaries on July 25, 2024. The above notice has a significant impact on the production and operation activities of the company and its relevant subsidiaries.

　　SERES: Plans to invest in Shenzhen Yinwang Intelligent Technology Co., Ltd.

SERES announced that it plans to invest in Shenzhen Yinwang Intelligent Technology Co., Ltd. ("Yinwang" for short). The specific investment amount, transaction method and transaction price shall be subject to the final transaction documents signed by both parties. If the transaction is completed, Yinwang will become a subsidiary of the company, and the scope of the company's consolidated financial statements will not change.

　　Shenghe Resources: Chairman Yan Shiqiang resigns

Shenghe Resources announced that Yan Shiqiang has applied to resign from the company's director and chairman positions due to work transfer. Before the election of a new chairman, Vice Chairman Huang Ping will perform the duties of the company's chairman and convener of the board's strategy and sustainable development committee.