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[Titanium Media Comprehensive] Recently, the People's Bank of China, the State Administration of Financial Supervision, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs jointly issued the "Notice on Launching a Special Action to Learn and Apply the Experience of the "Ten Million Project" to Strengthen Financial Support for the Comprehensive Revitalization of Rural Areas."

The Notice proposes to implement five special actions。First, implement a special action plan to ensure food security through financial support.Expand financial service scenarios for the entire grain industry chain, including grain production, circulation, storage, and processing, innovate the financing model for high-standard farmland and facility agriculture construction,Deepen the seed industry revitalization and agricultural science and technology financial services, and support eligible seed companies to go public, list for financing and refinancing。

Second, we will implement special actions to consolidate and expand the effectiveness of financial assistance, and continue to implement differentiated financial support policies for key counties.Maintaining the intensity of credit supply to poverty-stricken areas, study and plan a normalized financial assistance mechanism after the end of the transition period.Carry out targeted assistance work。

The third is to implement a special action plan for financial services to develop rural industries, using financing channels such as credit, bonds, equity, and leasing to expand the scope of collateral and revitalize rural assets and resources.Promoting the integrated development of the primary, secondary and tertiary industries in rural areas, supporting farmers to increase their income and become rich.Actively connect with the financing needs of county logistics distribution centers and other projects, and tap into the role of data elements in rural circulation nodes, promoting the deep integration of supply chain capital flow, commercial flow and logistics, and promoting the high-quality development of rural circulation.

Fourth, we will implement special actions to support rural construction through financial support, develop loan products for human settlements, and increase financial support for rural human settlements and ecological civilization construction. We will strengthen financial support for rural infrastructure construction and public service facilities.Supporting the integrated development of urban and rural areas in counties。

Fifth, implement special actions to empower rural governance with finance, innovate financial support models for the integration of agriculture, culture and tourism, and promote the integration of financial services with the promotion and cultivation of good family and rural traditions.Strengthening basic financial services in rural areas, improve the digital integration platform in the field of rural revitalization, integrate agricultural information,Supporting the construction of digital villages。

The Notice emphasizes thatGive full play to the incentive effect of monetary policy tools such as re-lending, re-discounting, and re-lending for scientific and technological innovation and technological transformation to support agriculture and small businesses, encourage financial institutions to issue special financial bonds, support agricultural enterprises to issue financing tools, and continue to increase capital investment in key areas of rural revitalization. Strengthen the coordination of industrial, fiscal and financial policies, and smooth the financing service chain between government, banks and enterprises. All financial institutions shouldWe will continue to optimize service mechanisms, tilt resources toward counties, and better meet the diversified financial needs of various agricultural entities.

It is understood that by the end of May 2024, the balance of agricultural loans was 60 trillion yuan, a year-on-year increase of 12.1%, 3.1 percentage points higher than the growth rate of all loans. Since 2023, the re-loan quota for supporting agriculture and small businesses has been increased by 250 billion yuan, and the re-loan and rediscount rates for supporting agriculture and small businesses have been lowered by 0.25 percentage points each. By the end of May, the balance of re-loans for supporting agriculture and small businesses was 671.8 billion yuan and 1680.3 billion yuan, respectively, and the rediscount balance was 593.1 billion yuan.

Some industry insiders said that in the process of serving rural revitalization, it is necessary to handle the relationship between financial supervision and financial innovation, strengthen financial supervision, improve the corporate governance structure of financial institutions, strengthen the macro-prudential management system and functional supervision and behavioral supervision; in financial innovation, we must adhere to serving the real economy, reduce financing costs, avoid decoupling from the real economy, prevent internal circulation, and strictly adhere to the bottom line of no systemic financial risks.

Pacific Securities said that the country attaches great importance to the development of the seed industry, and the development environment is expected to continue to improve. With the continuous advancement of the industrialization of genetically modified corn and soybeans, the performance of seed companies is expected to gradually be reflected, and the long-term value is worthy of attention. In terms of individual stocks, it is recommended to allocate seed industry leaders with long-term investment value.

Titanium Media Excerpts:

The best opportunity to give money or consumer vouchers to all people has been missed, and it should not be the government's basic option. If "money" is to be given, it should be targeted at specific groups, mainly to encourage childbirth and provide basic social security and medical insurance for vulnerable groups in society. This subsidy can take into account stimulating consumption, promoting fairness and enhancing future economic growth potential. In short, the government must think twice before giving money to all citizens. Unless it is to deal with sudden and violent exogenous shocks, it should not be a policy option to boost the economy. Scholars who suggest that the government should also be cautious when giving money to all people. - Lu Ting, director of the China Chief Economist Forum Although the Sora model of the US OpenAI company can generate videos, in essence, it is still a flat two-dimensional model and has no three-dimensional understanding ability. Only "spatial intelligence" is the future direction of AGI. Most of the current models, such as GPT4o and Gemini 1.5, are still language models, that is, input language and output language. Although there are also multimodal models, they are still limited to language. Even if there are videos, they are based on two-dimensional flat images. But the key to achieving AGI in the future is "spatial intelligence", which requires a three-dimensional visual model. - Fei-Fei Li, professor at Stanford University

Domestic companies:

Evergrande Auto: Related subsidiaries enter bankruptcy reorganization process

On August 5, Evergrande Auto announced on the Hong Kong Stock Exchange that the relevant local people's court held a hearing on the bankruptcy reorganization of the relevant subsidiaries on August 2, 2024, and the relevant local people's court ruled that the relevant subsidiaries entered the bankruptcy reorganization procedure.

Lei Jun officially started selling goods

On August 5, Lei Jun, who has more than 28 million followers on Douyin, recently launched the showcase function and put the Xiaomi bracelet on the shelves, officially starting to "sell goods".

It is reported that Tencent participated in the $300 million financing of Dark Side of the Moon. Dark Side of the Moon: No comment on the financing news

On August 5, media reported that Tencent participated in the $300 million financing of the Chinese artificial intelligence unicorn Dark Side of the Moon. People related to Dark Side of the Moon said that they would not comment on the financing news.

Honor: Start shareholding reform in the fourth quarter and launch IPO in due course

On August 5, in response to media reports about rumors of listing, Honor said: "Honor has always adhered to the principle of open and transparent development, and will continue to diversify its equity structure. Honor plans to launch the corresponding shareholding reform in the fourth quarter of this year, and will start the IPO process in due course. Honor will disclose relevant financial data in the corresponding process. From January 1, 2021 to the present, Honor has not received any support from the Shenzhen Municipal Government beyond that of ordinary enterprises. At the same time, Honor has never received the special support items listed in the email reported."

Tencent File Assistant WeChat applet/web version will be shut down

On August 5, Tencent File Assistant announced that due to business adjustments, the "File Assistant" WeChat applet/web terminal will cease operations from October 11, 2024. From now on, the "File Assistant" file backup function will be closed. Before October 11, 2024, users can browse and download backed-up files normally, but they can no longer back up new files. For member users, the official said that a refund channel has been opened.

Douyin releases announcement on regulating illegal content in "fan circles" during the Olympic Games

On August 5, Douyin Security Center issued an announcement on the governance of illegal content in "fan circles" during the Olympic Games: In the recent Olympic Games, the platform found that a small number of users, driven by the trend outside the platform, reposted relevant comments without bottom line to hype athletes' "CP", dragged down athletes and coaching staff members, and even made personal attacks on some athletes. The platform has taken serious measures for this. During the Olympics, the platform has cleaned up more than 38,000 pieces of bad content related to sports fan circles, and banned 445 accounts from stage to permanent bans depending on the violation.

Two funds under Moutai invested in chip company Silang Technology

On August 5, it was reported that the two equity investment funds established by Moutai at a cost of 10 billion yuan have had new investment developments recently. According to Tianyancha, Shanghai Silang Technology Co., Ltd. has recently undergone industrial and commercial changes, adding Moutai's Moutai Science and Technology Innovation (Beijing) Investment Fund Partnership (Limited Partnership), Moutai Jinshi (Guizhou) Industrial Development Fund Partnership (Limited Partnership) and Wuxi SAIC Jinshi Innovation Industry Fund Partnership (Limited Partnership) as shareholders. So far, Moutai Science and Technology Innovation Fund has made public 4 investment events, and the companies invested in include Jiasi Energy, Xingsai Bio, Hongmo Bio, and Silang Technology; Moutai Jinshi Fund has made public 2 investment events, and the companies invested in include Taihe Weiye and Silang Technology. (Securities Times)

Is it true that a Hubei state-owned enterprise has moved in? Ping An Electric: The news is not true

On August 5, an investor asked Ping An Electric whether it was true that a Hubei state-owned enterprise had moved in. In response, Ping An Electric said on the investor interaction platform on August 5 that it had verified that the news was not true. Regarding the company's major business decision-making matters, the company will strictly fulfill its information disclosure obligations in accordance with relevant laws and regulations. Please refer to the company's announcement and be cautious about market rumors.

Colin Electric sued three company executives, and the company secretary said he was "very scared"

On August 5, Colin Electric's Secretary to the Board Song Jianling and General Manager Qu Guowang held a press conference in Beijing, saying that they received a summons from the Luquan District Court of Shijiazhuang on July 16. Colin Electric sued the company's Secretary to the Board Song Jianling, General Manager Qu Guowang, and Vice Chairman Li Yanru and demanded 20 million yuan in compensation. Song Jianling said at the press conference that the case process was progressing strangely, and the court and hearing dates were changed many times. She was deprived of her litigation rights such as defense and evidence. Song Jianling said that she was "very scared" because of a series of unfair treatments. Qu Guowang said that in the face of these abnormal phenomena, he had left Shijiazhuang. The relevant judges and the political department of the Luquan District Court were contacted on this matter, but the other party did not respond to the incident. The securities department of Colin Electric said: "I haven't heard of this." (Cailian News)

Foreign companies:

Coca-Cola ordered to pay $6 billion for underreporting taxable income

On August 5, Coca-Cola Company of the United States recently stated that according to a ruling of the U.S. Federal Tax Court, the company must pay back $6 billion (about RMB 42.9 billion) to the U.S. tax department, including $2.7 billion in taxes and $3.3 billion in interest. According to this ruling, Coca-Cola Company made incorrect accounting treatments for its foreign sales between 2007 and 2009, underreporting taxable income of about $9 billion, and therefore must pay back. In response, Coca-Cola Company stated that the U.S. tax department and the court "abused the regulations" and will appeal.

Blackwell chip delivery delayed? Nvidia responds: Sample trials have already started widely, and production is expected to increase in the second half of the year

On August 5, the news about the delayed delivery of Nvidia's Blackwell chip has attracted much attention recently. Some media reported that due to design defects, delivery may be delayed by three months or more, or affect major customers such as Meta, Google and Microsoft, which have ordered tens of billions of dollars in chips. In this regard, Nvidia said: "As we have said before, demand for Hopper is very strong, Blackwell sample trials have begun widely, and production is expected to increase in the second half of the year. Beyond that, we do not comment on rumors."

Musk reopens lawsuit against OpenAI and its CEO Sam Altman

On August 5, Musk reopened his lawsuit against OpenAI and its CEO Sam Altman. Musk once again claimed that OpenAI puts profits and commercial interests above the public interest.

EU says TikTok has promised to permanently withdraw from TikTok Lite incentive program, Digital Services Act "first case" settled

On August 5, the European Commission announced that TikTok has promised to permanently withdraw the TikTok Lite rewards program from the EU market to address the issues raised in the formal lawsuit filed by the European Commission on April 22 and ensure compliance with the Digital Services Act (DSA). TikTok promised to permanently withdraw the TikTok Lite rewards program from the EU and will not launch any other plans to circumvent the withdrawal. The European Commission said that any future violations of the promise will immediately constitute a violation of the DSA and may result in a fine. With the above decision, the European Commission ended the formal lawsuit filed against TikTok in April, which was also the first case settled under the EU Digital Services Act. The "rewards program" launched by the TikTok app TikTok Lite allows users to earn points on the platform by performing certain tasks (such as watching videos, liking content, following creators, or inviting friends to join), and the EU immediately decided to investigate the above-mentioned services launched by TikTok in France and Spain under the Digital Services Act, saying that the service may cause addiction to young users and that the company did not complete a comprehensive risk assessment in a timely manner. On April 24, TikTok said it had voluntarily suspended the reward system for TikTok Lite while trying to address EU concerns, saying that "TikTok always seeks constructive engagement with the European Commission and other regulators."

Intel reportedly wins Nvidia packaging order

On August 5, according to Taiwan Business Times, due to the fact that TSMC's advanced packaging CoWoS production capacity has always been in short supply, there are reports that Nvidia has recently approached Intel for advanced packaging. Supply chain manufacturers pointed out that TSMC's CoWoS-S is similar to Intel's Foveros packaging technology, (the latter) can quickly provide packaging capacity. (Science and Technology Innovation Board Daily)

Carlyle to sell power producer Cogentrix Energy for $3 billion

On August 5, Carlyle Group reportedly plans to sell Cogentrix Energy to Quantum Capital, a private equity group focused on energy investment, for US$3 billion.

Infineon Technologies announces 1,400 layoffs worldwide

On August 5, German chipmaker Infineon said on Monday that as part of its previously announced cost-saving plan, it will cut 1,400 jobs worldwide and move another 1,400 positions to countries with lower labor costs. The layoffs include the earlier announcement of the elimination of hundreds of jobs at the company's plant in the southern German city of Regensburg.

Policy direction:

Three low-altitude R&D institutions in Futian opened

On August 5, the Futian District Government and Shenzhen Airport Group signed a strategic cooperation agreement. The two sides will jointly deploy the city terminal to expand the scope of the airport's high-quality services, give full play to the advantages of both sides, and jointly introduce leading enterprises in the fields of aviation logistics and low-altitude areas to Shenzhen, and jointly promote the high-quality development of the low-altitude economy. At the signing ceremony of the cooperation agreement, three important low-altitude institutions in Futian District were officially put into use: the "Low-altitude Economic Research Institute" established by the China Academy of Civil Aviation Science and Technology will carry out research and transfer and transformation of scientific and technological achievements in the field of low-altitude scientific research projects, standard formulation and revision, and capability verification; the "Low-altitude Economic Development Research Center" established by the Civil Aviation Management Cadre College will carry out the application and promotion of scientific research results, the development and verification of operating technology, the construction of a low-altitude flight service training system, and the exchange of academic achievements and management experience; the "Civil UAV Pilot Training Institution" jointly established by Shenzhen Low-altitude Industry Company and the China Aircraft Owners and Pilots Association will carry out civil UAV pilot license operator training, civil UAV youth science education, vocational education training, etc.

Nine departments: Promote the construction of a number of tourist roads and implement the national tourist scenic road project

On August 5, nine departments issued the "Guiding Opinions on Promoting the High-quality Development of Tourism Public Services". The "Opinions" proposed to strengthen the construction of tourism transportation infrastructure. Promote all localities to include the construction of connecting roads between trunk roads and A-level tourist attractions, tourist resorts, red tourist attractions, key rural tourism villages and towns, beautiful leisure villages, night culture and tourism consumption clusters, and tourism homestays above Class C into transportation construction plans, and support areas with conditions to form a tourism transportation ring connecting major tourist areas (spots). Promote the construction of a number of tourist greenways such as bicycle lanes and trails with their own characteristics and complete functions. Support the construction of tourist waterways. Promote the creation of a number of tourist highways. Implement the National Tourism Scenic Road Project, formulate national tourism scenic road standards, and launch a number of national tourism scenic roads with good supporting services, beautiful road scenery, and distinctive cultural characteristics on the premise of ensuring safe passage. Implement the tourism sign and sign construction project. Combined with surrounding tourism resources, in accordance with relevant standards and specifications, set up corresponding tourism guidance signs and signs in the transportation infrastructure according to local conditions, effectively improve the standardization, recognition and cultural connotation of signs and signs, and support local areas to explore the construction of intelligent tourism signs. It is encouraged to set up tourist guidance signs for 4A and above tourist attractions on expressways or urban expressways, and tourist guidance signs for 3A and above tourist attractions on ordinary provincial trunk roads, rural roads and urban roads.

Central Bank of China Shanghai: Guide banks to reasonably adjust deposit interest rates and promote the reduction of comprehensive financing costs of small and micro enterprises

On August 5, the Shanghai headquarters of the People's Bank of China held a work meeting for the second half of 2024 on the 2nd. The meeting required strengthening financial support for the real economy. Guide financial institutions under the jurisdiction to maintain reasonable growth and balanced credit supply. Better play the role of structural monetary policy tools and promote the tilt of financial resources to key areas and weak links. Guide banks to reasonably adjust deposit interest rates. Promote the reduction of comprehensive financing costs for small and micro enterprises. Do a good job in the "five major articles" of finance and continue to release policy dividends. Give full play to the role of the Shanghai Science and Technology Innovation Financial Alliance platform to promote diversified financing for technology-based enterprises. Accelerate the development of green finance and transitional finance in Shanghai, and strengthen the construction of green financial standards and exchanges and cooperation. Deepen the construction of the long-term mechanism of "four loans", guide financial institutions to increase the issuance of first loans, credit loans, and medium- and long-term loans, and promote inclusive small and micro loans to maintain a good trend of "increase in volume, reduction in price, expansion in scope, and optimization of structure".

The China Securities Regulatory Commission plans to launch new regulations on brokerage management: curbing "license hoarding" and "license protection"

On August 5, the China Securities Regulatory Commission was soliciting opinions from the industry on the "Securities Firm Business Qualification Management Measures (Draft for Comments)" and related supporting rules. The drafting instructions for soliciting opinions stated that at present, the business qualification withdrawal mechanism for securities companies is not sound, resulting in some "license hoarding" or "license protection" behaviors. The new regulations clearly state that if securities companies have not actually carried out business, they must take the initiative to propose the cancellation of relevant business qualifications. The new regulations also clarify the standards for actual business development. For example, "for those engaged in securities investment consulting business, the relevant business income is less than 500,000 yuan for two consecutive fiscal years" means that they have not actually carried out business. (Securities China)

Securities firms conduct complex or leveraged businesses with cross-risks, and regulators intend to propose multiple indicators

According to news on August 5, the China Securities Regulatory Commission is currently soliciting opinions on the "Securities Company Business Qualification Management Measures" and related supporting rules. The draft for comments shows that securities companies applying to engage in private non-securities investment fund custody business or securities credit, stock option market making, over-the-counter derivatives trading, futures exchange-related market making, provision of credit risk protection tools and other businesses with significant leverage and cross-risks with other businesses must also meet the following conditions: various risk control indicators have continued to meet regulations in the past 24 months and the risk coverage ratio, capital leverage ratio, liquidity coverage ratio, and net stable funding ratio have continued to reach more than 150% of the prescribed regulatory standards in the past 6 months; if the classification evaluation results in the past three years are all Class A, the risk coverage ratio, capital leverage ratio, liquidity coverage ratio, and net stable funding ratio have continued to reach more than 120% of the prescribed regulatory standards in the past 6 months. Net capital has continued to be no less than 8 billion yuan in the past year. (Cailianshe)

Stock market quotes:

The number of IPO companies that have undergone final review has risen to 347 this year, with 5-15 companies terminating their review every week.

According to the latest data on August 5, as of August 4, the three exchanges in Shanghai, Shenzhen and Beijing had terminated the review of 347 IPO companies, an increase of 6 companies from the statistics last week (July 28, the same below); there were 351 companies under review in various sectors, a decrease of 8 companies from last week; there were no new companies applying for registration in this period (July 29-August 4), and the number of new companies applying for registration this year remained at 32; 51 companies have been listed this year, raising a total of 37.926 billion yuan, with 2 new companies listed last week, 5 are currently in the process of issuance, and 39 have been approved for registration but have not been issued.

China Evergrande: The company seeks to recover dividends and remuneration totaling approximately US$6 billion from Xu Jiayin, Ding Yumei and seven other defendants

On August 5, China Evergrande announced that on March 22, 2024, the liquidator initiated legal proceedings in the High Court of the Hong Kong Special Administrative Region (High Court) in the name of the company against three defendants, namely Xu Jiayin, the company's former CEO Xia Haijun and the company's former chief financial officer Pan Darong. The lawsuit gradually developed to join the remaining four defendants, namely Xu Jiayin's spouse or former spouse Ding Yumei and three entities related to Xu Jiayin and Ding Yumei. In the lawsuit, the company seeks to recover from the seven defendants (including) dividends and remuneration paid by the company based on the financial statements for each fiscal year ending December 31, 2017 to December 31, 2020, which they claimed to be misreported, totaling approximately US$6 billion. The company's shares will continue to be suspended until further notice.

China Securities Finance: The statement that "the data of the securities lending platform are all fictitious and there is actually no upper limit on the amount of securities lending" is a rumor

On August 5, China Securities Finance Co., Ltd. issued a statement saying that recently, some self-media claimed that "the data of securities lending and refinancing are all virtual, and the amount of securities lending and refinancing is actually not capped at all", and the relevant statement is a rumor. Since the second half of last year, the China Securities Regulatory Commission has taken a series of measures to strengthen supervision and counter-cyclical regulation based on market conditions and investors' concerns about securities lending and refinancing business, and approved China Securities Finance to suspend the securities lending and refinancing business in accordance with the law on July 10 this year. The scale of securities lending and refinancing has steadily declined. As of August 2, 2024, the balance of securities lending and refinancing has dropped to 17.1 billion yuan, a decrease of more than 40% from before the new regulations on July 10; the balance of securities lending has dropped to 21.2 billion yuan, a decrease of more than 30% from before the new regulations.

The Beijing Stock Exchange strictly investigates violations of the "green shoe" mechanism: reports on cases of using non-dedicated accounts to illegally trade issuer stocks

On August 5, the Beijing Stock Exchange reported a case of violation of the over-allotment option by the lead underwriter. It is reported that the violation mainly involved a lead underwriter who illegally traded the issuer's stocks through other accounts during the over-allotment option period. The Beijing Stock Exchange took self-regulatory measures to require the underwriter to submit a written commitment. (China Securities Taurus)

SoftBank's stock price plummeted, and Masayoshi Son's wealth shrank by $4.6 billion in one day

On August 5, SoftBank Group's stock price plunged nearly 19% in a global sell-off. According to Forbes' real-time billionaire list, SoftBank Group founder Masayoshi Son's net worth shrank by $4.6 billion on Monday alone. Since the close of last Wednesday, SoftBank's market value has evaporated by about $28.3 billion.

Alphabet reduced its stake in Crowdstrike by nearly 430,000 shares before the outage last month

On August 5, according to regulatory documents filed last Friday, CapitalG, a fund under Google's parent company Alphabet, reduced its holdings of cybersecurity company Crowdstrike by nearly 430,000 shares. The reduction occurred before Crowdstrike's global service interruption caused by software updates last month. As of June 30, the fund's holdings of Crowdstrike Class A shares were reduced from 855,789 shares to 427,895 shares.

Other important content:

Many US company representatives said they would visit China in the near future

On August 5, a delegation of entrepreneurs organized by the China Council for the Promotion of International Trade visited the United States. Coincidentally, during the visit, the US government postponed its decision to impose additional tariffs on China's new energy vehicles, batteries, chips, medical products, etc. It was learned from the China Council for the Promotion of International Trade that many US business representatives clearly stated that they would visit China in the near future. (Yuyuan Tantian)

Caixin China Services PMI rose to 52.1 in July, and employment returned to expansion

On August 5, the Caixin China General Services Business Activity Index (Service PMI) for July released today recorded 52.1, up 0.9 percentage points from June, indicating that the expansion of the service industry has accelerated. The employment situation in the service industry improved in July, and the employment index rose to the expansion range and recorded the highest level since September 2023.

Fortune Global 500 in 2024: Walmart remains the world's largest company, Amazon returns to second place

On August 5, the 2024 Fortune Global 500 list was announced. The total operating income of all companies on the list this year is about 41 trillion US dollars, equivalent to one-third of the global GDP, a slight increase of about 0.1% over last year. Among them, Walmart has become the world's largest company for the eleventh consecutive year. Amazon returned to second place. China's State Grid Corporation continued to rank third. Saudi Aramco and Sinopec ranked fourth and fifth respectively.

The overall profits of the 500 companies returned to the growth track, increasing by 2.3% year-on-year to about 2.97 trillion US dollars. Among them, although Saudi Aramco's profits fell by about 24% year-on-year, it still topped the profit list with a profit of about 120.7 billion US dollars. Apple, Google's parent company Alphabet and Microsoft, three American technology companies, ranked second, fourth and fifth respectively in the most profitable companies (profit list). Berkshire Hathaway, as the company with the largest loss on the Fortune 500 list last year, ranked third in this year's profit list with a profit of more than 96.2 billion US dollars. Three Chinese companies entered the top ten of the profit list, namely Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China, among which the profit of Industrial and Commercial Bank of China exceeded 51.4 billion US dollars.

Nvidia and Pinduoduo are on the list for the first time, and Huawei ranks 103rd: Among the top ten companies, Amazon and Apple are on the list, ranking 2nd and 7th respectively, while Google and Microsoft are ranked 17th and 26th respectively. Nvidia is on the list for the first time and ranks 222nd, the highest ranking among the companies that made the list for the first time this year. The top Chinese technology companies include Hon Hai Precision (32), JD.com (47), China Mobile (55), Alibaba (70), Huawei (103), etc. The overall ranking of large companies in the Internet field has risen. Among the five Chinese Internet giants, Alibaba dropped two places, while the rankings of JD.com, Tencent and Meituan all improved, and Pinduoduo was on the list for the first time. Benefiting from the recovery of China's Internet industry, Meituan became the Chinese company with the largest ranking improvement on the list, jumping 83 places to 384th. JD.com Group, ranked 47th, entered the top 50 for the first time.

Will Shenzhen's property purchase restriction policy be further relaxed? Industry insiders: All information is subject to official information

On August 5, there have been rumors about Shenzhen's property market policies. The rumors mentioned that the purchase restriction policy of Shenzhen's property market may be further relaxed, and the scope of the "core area" will be further narrowed, leaving only some hot spots. At the same time, the standards for "luxury homes" and related transaction taxes and fees may be adjusted. However, as of press time, the above rumors have not been confirmed by the Shenzhen Housing and Construction Bureau and other departments. Some industry insiders also reminded buyers not to believe market rumors and to refer to official information for everything. (Securities Times)

HPV vaccine price drops to the price of a cup of milk tea

On August 5, it was reported that the price of the domestically produced bivalent human papillomavirus vaccine (i.e., bivalent HPV vaccine) is almost as expensive as a cup of milk tea. On August 2, the Shandong Provincial Public Resources Electronic Trading Platform disclosed the Shandong Province's 2024 school-age girls' bivalent human papillomavirus (HPV) vaccine procurement and transaction announcement. Among them, Watson Bio's subsidiary Zerun Bio won the bid for 1.0162 million doses with 27.9465 million yuan. Based on this calculation, the winning bid price for a single dose of the bivalent HPV vaccine has dropped to 27.5 yuan. Merck's HPV vaccine sales in the Chinese market declined in the second quarter, and Watson Bio and Wantai Bio also engaged in a fierce price war in the field of centralized bidding and procurement of bivalent HPV vaccines. (Interface)

The Cyberspace Administration of China released the seventh batch of deep synthesis service algorithm filing information

On August 5, the Cyberspace Administration of China released the seventh batch of deep synthesis service algorithm registration information, including Zhiji's multimodal AI visual image generation algorithm, DingTalk's document AI assistant generation synthesis algorithm, etc.