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1. RMB appreciates greatly! The RMB exchange rate against the US dollar suddenly rose significantly. Specifically, it rose by 172 basis points to 7.1470.

The reason behind this may be related to the market's expectation that the Federal Reserve may cut interest rates in September, and the probability of this expectation has now exceeded 70%. Interestingly, the RMB has rapidly appreciated by nearly 170 points during this period.

Affected by this, the A-share market performed well, and the A50 index futures rose sharply, with the increase exceeding 1% at one point. Similarly, the main index of the Hong Kong stock market also showed an increase of more than 1%.

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2. Jincheng Pharmaceutical, a leading company in the field of cephalosporin pharmaceutical intermediates, has experienced a roller coaster ride in its recent stock price.

The company's major shareholders also seemed to be uneasy about this volatility and chose to sell off their holdings to cash out. Jincheng Pharmaceutical's announcement showed that although the company's revenue increased, its profitability did not increase accordingly, and its performance has been relatively weak.