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[titanium media comprehensive] according to xinhua news agency, liu liehong, director of the national data bureau, said on august 28 that at present, data as a new type of production factor has been deeply integrated into all areas of the economy and society. accelerating the construction of a digital economy with data as the key factor is inseparable from the support of a strong data industry. the national data bureau will systematically plan, cultivate and expand the data industry from three aspects: optimizing industrial layout, cultivating diversified business entities, and strengthening policy guarantees.

the 2024 china international big data industry expo opened in guiyang, guizhou province on the same day. liu liehong introduced at the opening ceremony that the data industry is an emerging industry. from the perspective of technological innovation, data trust circulation technology has accelerated iteration; from the perspective of resource allocation, data has effectively promoted the innovative allocation of other production factors; from the perspective of application results, data and business are more closely integrated, deeply enabling industrial transformation and upgrading. cultivating the data industry is an important way to promote the reform of market-oriented allocation of data elements, and it is also an inevitable choice for developing new quality productivity and promoting high-quality development.

“the national bureau of statistics is working with relevant departments to study and formulate industrial development policies based on the previous thorough research.the purpose is to seize the strategic opportunities for the growth of the data industry, cultivate data companies, shape the industrial ecology, transform my country's advantages in scale market and massive data into industrial advantages, and enhance the competitiveness of my country's data industry. "liu liehong said.

he said that the development direction and trend of the data industry will be followed, the industrial planning and layout will be strengthened, the industrial structure will be optimized, and an ecological system will be built with the integrated development of large, medium and small enterprises and the collaborative innovation of upstream and downstream of the industrial chain.create a number of data industry clusters with synergy, complementarity, distinctive development and international competitiveness; cultivate diversified business entities, strengthen guidance, and support different types of data enterprises such as data resource enterprises, data technology enterprises, and data application enterprises to compete fairly and accelerate development; strengthen policy guarantees, aim at the direction of scientific and technological development and major national strategic needs, promote technological research in the data field, promote industry-university-research cooperation, and accelerate the construction of discipline systems and talent teams in the data field.

titanium media excerpts:

because quantum computers still have many major technical problems at the basic level, including scientific problems that need to be solved, many people estimate that it will take 10 to 20 years. we don't have a clear answer, but this is a very important strategic technology. we need to promote and develop quantum computing from the three aspects of education, technology, and talent. maybe one day if it is really developed successfully, it will provide a new way to meet the ultra-high computing power needed today, and will solve the requirements for computing power in the era of big data. - xue qikun, academician of the chinese academy of sciences, president of southern university of science and technology, and professor of tsinghua university. there is a huge flaw in the current ai big model, that is, if you think it has no personality or no "machine personality" (machine personality), you don't know its sorrows and joys. but in the long run, ai and robots need to play an innovative role in application from the perspective of landing and scenarios. therefore, the development of robots must be expected, and the future is very interesting, but at this stage, we still have to "eat one bite at a time." - jia jiaya, chair professor of hong kong university of science and technology, founder and chairman of simo group

domestic companies:

alibaba officially completes dual listing

on august 28, alibaba group announced on the hong kong stock exchange that the voluntary change of the company's secondary listing status on the hong kong stock exchange to the primary listing status took effect today. the company is now a company with dual primary listings on the hong kong stock exchange and the new york stock exchange. this also means that alibaba's common shares listed on the hong kong stock exchange and american depositary shares listed on the new york stock exchange can continue to be converted.

it is understood that alibaba previously revealed in its 2024 fiscal year annual report in may this year that it is expected to complete the conversion of its primary listing in hong kong by the end of august 2024. on august 23, alibaba group issued an announcement announcing the addition of hong kong as a primary listing location. alibaba's dual primary listing in hong kong does not involve new share issuance and financing.

jiang chengjun, former deputy general manager of haitong securities, was deported

on august 28, with the coordination of the international pursuit and recovery office of the central anti-corruption coordination group and the assistance of the ministry of public security and other departments, the fugitive duty crime suspect jiang chengjun was arrested abroad and repatriated after close cooperation between the shanghai supervision bureau, the public security bureau and the law enforcement agencies of relevant countries. jiang chengjun, male, born in april 1968, former deputy general manager and chairman of the investment banking committee of haitong securities, was suspected of serious duty crimes and fled in july 2024. in august 2024, the shanghai municipal commission for discipline inspection and supervision opened a case for investigation. the investigating authorities actively carried out international law enforcement cooperation and arrested him recently. xiaocai note: haitong securities announced on july 31 that jiang chengjun applied to resign from the position of deputy general manager of the company for personal reasons. after resigning, he will no longer hold any position in the company.

cicc has personnel changes again, involving the research department, institutional management department, cicc academy and other business lines

on august 28, it was learned from the industry that recently, cicc has made personnel adjustments in some business lines, involving the research department, strategic development department, institutional management department, risk management department, cicc academy, etc. specifically: zhou guang, executive head of cicc research department, resigned, wu huimin was appointed as executive head of the research department, and still served as executive dean of cicc research institute. cicc strategic development department and institutional management department were merged, and ma kui, the former head of institutional management department, was appointed as the head. he just resigned as the company's financial director in february this year. ye hong, executive head of cicc risk management department, retired and stepped down, and hua haiyue, managing director of the risk department, took over as executive head of the risk management department. cicc academy was abolished, executive head cha xiangyang stepped down, and li yuan, head of cicc administrative management department, stepped down. (interface)

bawangchaji founder zhang junjie serves as haidilao's independent director with an annual salary of 1.2 million yuan

on august 28, haidilao announced that it had appointed zhang junjie, the founder of bawang cha ji, as an independent non-executive director, who will be mainly responsible for supervising the haidilao board of directors and providing independent judgment, effective from august 27, 2024. zhang junjie has signed a letter of appointment with haidilao for a period of three years. zhang junjie is entitled to receive an annual salary of rmb 1.2 million. the remuneration committee under the haidilao board of directors and the board of directors will conduct an annual review of zhang junjie's remuneration from time to time with reference to the current market level and zhang junjie's responsibilities and performance.

air china and china southern airlines plan to receive three c919 aircraft each this year, and comac will produce more than 10 c919 aircraft this year.

on august 28, air china and china southern airlines will receive their first domestically produced c919 aircraft at the zhuqiao base of pudong, comac. it is understood that air china and china southern airlines plan to receive three c919 aircraft each this year, while china eastern airlines plans to receive six c919 aircraft. hna airlines's suparna airlines will also receive its first c919 in the fourth quarter of this year, which means comac's c919 production this year will exceed 10, quadrupling the production of three last year.

core member huang wenhao joins bytedance, zero one everything responds: a senior manager has arrived

on august 28, it was reported that bytedance is secretly preparing to establish a large model research institute, and that qin yujia, the founder of xuzhi technology, and huang wenhao, a former core member of zero one everything, have joined the bytedance large model team. a person familiar with the matter close to bytedance said that (bytedance) has a long-term plan to strengthen research related to large models, but has not decided to establish an independent organization. in response to the news that core member huang wenhao switched to bytedance, zero one everything stated that the company's structure will be adjusted in the near future to focus the company's business. top model training and senior product managers from home and abroad have already taken up their posts to further implement the "model-response integration" strategy and continue to verify tc-pmf (technology cost and product-market fit). zero one everything will also soon launch new products and solutions to the market. (beijing news)

huawei's flagship mate 70 may be released in november, the first to be equipped with harmonyos next system

on august 28, people familiar with the matter said that huawei's flagship phone mate 70 is expected to be released around november this year. the huawei mate 70 series uses a dual unlocking solution of side fingerprint + 3d face recognition. in terms of system, the huawei mate 70 series will be the first to launch the harmonyos next system, which can be understood as a pure version of hongmeng, and is equipped with a new generation of kirin processors. (sina technology)

meituan releases 2024q2 financial report: quarterly revenue of 82.3 billion yuan, adjusted net profit of 13.6 billion yuan

on august 28, meituan released its second quarter financial report for 2024. the financial report data showed that the company's second quarter revenue was 82.25 billion yuan, a year-on-year increase of 21%, and the market expected 80.417 billion yuan. among them, meituan's core local business achieved revenue of 60.7 billion yuan. the adjusted net profit in the second quarter was 13.6 billion yuan, a year-on-year increase of 77.6%, and the market expected an adjusted net profit of 10.343 billion yuan.

ideal auto: adjusted net profit attributable to shareholders in the second quarter was 1.50 billion yuan, a year-on-year decrease of 44%.

on august 28, ideal auto released its second quarter 2024 financial report. the financial report shows that ideal auto's revenue in the second quarter was 31.7 billion yuan, compared with 28.65 billion yuan in the same period last year, an increase of 11% year-on-year, and an estimated 31.42 billion yuan; the adjusted net profit attributable to shareholders in the second quarter was 1.50 billion yuan, a year-on-year decrease of 44%; adjusted earnings per ads was 1.42 yuan, compared with 2.58 yuan in the same period last year. ideal auto expects deliveries in the third quarter to be 145,000 to 155,000 vehicles, with an estimated 137,725 vehicles. at ideal auto's 2024 q2 earnings call, li xiang, chairman of ideal auto, said that a new pure electric product will be released in the first half of 2025.

byd co., ltd.: net profit in the first half of the year was rmb 13.63 billion, a year-on-year increase of 24%.

on august 28, byd co., ltd. announced on the hong kong stock exchange that its revenue in the first half of 2024 was 301.13 billion yuan, a year-on-year increase of 15.76%; its net profit was 13.63 billion yuan, a year-on-year increase of 24.44%. among them, the revenue of automobile, automobile-related products and other products business was 228.3 billion yuan, a year-on-year increase of 9.33%; the revenue of mobile phone parts, assembly and other products business was 72.78 billion yuan, a year-on-year increase of 42.45%.

wuliangye: net profit of 19.057 billion yuan in the first half of 2024, a year-on-year increase of 11.86%

on august 28, wuliangye announced that in the first half of 2024, the company achieved operating income of 50.648 billion yuan, a year-on-year increase of 11.3%; the net profit attributable to shareholders of the listed company was 19.057 billion yuan, a year-on-year increase of 11.86%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 18.939 billion yuan, a year-on-year increase of 11.79%.

foreign companies:

berkshire hathaway's market value exceeds $1 trillion for the first time

on august 28, berkshire hathaway's stock price rose 30% this year, and its market value exceeded $1 trillion for the first time, making it the seventh listed company in the u.s. with a total market value of more than $1 trillion. the other six companies with a market value of more than $1 trillion are apple, nvidia, microsoft, google, amazon, and meta.

meta to shut down spark, ar studio used by third-party creators

on august 28, meta platforms said on tuesday that it would shut down meta spark, an augmented reality (ar) studio used by third-party creators to create custom effects for instagram and facebook, as the company is prioritizing spending in other areas, including artificial intelligence. the meta spark feature will be shut down on january 14 next year, and third-party ar effects (including computer-generated filters, masks, and 3d objects) created in the studio will be removed. meta said in a blog post that with the decision to shut down the meta spark platform, we are also shifting resources to the next generation of experiences, including new form factors such as glasses.

scandinavian airlines successfully restructures its debt and exits bankruptcy protection

on august 28, local time, stockholm-based scandinavian airlines (sas) announced that it would exit the u.s. bankruptcy protection process as of today due to the successful debt restructuring of more than $2 billion. scandinavian airlines filed for bankruptcy protection in the united states in july 2022 due to insolvency. during the debt restructuring process, scandinavian airlines received capital injections from air france-klm group, the danish government and several capital management companies, while reducing its fleet size and delisting from the swedish stock exchange, and reaching a labor agreement with the pilots' union. this series of factors enabled scandinavian airlines to finally exit the bankruptcy protection process. (cctv news)

uae oil services provider nmdc energy's ipo approved, expected to be the country's largest ipo this year

on august 28, the uae oil service provider nmdc group's application for an ipo of its nmdc energy was approved, which is expected to refresh the uae's ipo scale this year. nmdc energy seeks to sell 3.22 billion dirhams (equivalent to us$877 million) of shares.

disney and reliance industries' $8.5 billion media merger approved, india's entertainment giant is about to be born

on august 28, disney (dis.us) and reliance industries group received approval for their $8.5 billion merger of indian media assets on wednesday after successfully alleviating regulators' concerns about their control of indian cricket broadcasting rights. the competition commission of india (cci) announced that it had approved the deal, but with some necessary modifications. disney and reliance industries plan to complete the merger by october. kk sharma, former merger director of the indian cricket board, had previously warned that if the deal was approved, it could create a "giant" in the broadcasting market that would actually "monopolize cricket advertising revenue." nevertheless, the cci's approval marks a decisive step forward for this major merger.

india's tata motors to buy electric car batteries from chinese companies to solve performance issues

on august 28, india's economic times quoted livemint as saying that india's largest integrated automobile company tata motors will purchase electric vehicle batteries from chinese companies to solve performance problems and diversify its supply and technology base. the economic times said that tata motors currently sells a series of electric vehicles in india, accounting for more than 60% of india's electric vehicle market. india's business standard also added that this marks a change in tata motors' previous strategy of purchasing battery packs only from its group company tata automotive systems ltd. (global network)

policy direction:

four departments: further improve the scrapping and renewal of old operating trucks

on august 28, the general office of the ministry of transport, the general office of the ministry of public security, the general office of the ministry of finance, and the general office of the ministry of commerce issued the "notice on further improving the scrapping and renewal of old and used commercial trucks". it is clear that according to the requirements of the "several measures on strengthening support for large-scale equipment renewal and consumer goods trade-in", support is provided for the scrapping and renewal of old and used commercial trucks. the funds for the scrapping and renewal of old and used commercial trucks are generally shared by the central and local governments on a 9:1 basis. the central government bears 85%, 90%, and 95% in the eastern, central, and western regions, respectively. provincial finances arrange matching funds in proportion to the allocation of central funds.

sichuan: 3 billion yuan will be allocated annually to support large-scale technological transformation and equipment renewal in the industrial sector

on august 28, the general office of the people's government of sichuan province issued the "several policy measures on further supporting large-scale equipment updates and consumer goods trade-in", further increasing support for equipment updates and improving the ability to trade-in consumer goods. the "measures" proposed that from july 24, 2024 to december 31, 2027, 3 billion yuan will be allocated annually to support projects such as equipment upgrades, smart digital transformation, green and low-carbon, safe production, and micro-technical transformation in the industrial field, and to support provincial key equipment updates and technological transformation projects.

hainan adjusts peak-valley time-of-use electricity price policy for electric vehicles, effective october 1

on august 28, the hainan provincial development and reform commission issued the "notice on adjusting the peak and valley time-of-use electricity price policy for electric vehicles", optimizing and adjusting the peak and valley time-of-use electricity price policy for electric vehicles in hainan, which will be implemented from october 1, 2024. according to the "notice", the electricity consumption of electric vehicle charging and swapping facilities shall be implemented according to the peak and valley time-of-use electricity price policy of the location where they are located, and the peak and valley electricity prices and price differences remain unchanged, and the peak, flat and valley periods remain unchanged for 8 hours. at the same time, the peak, flat and valley periods are adjusted. residential electricity consumption, agricultural production electricity consumption, and industrial and commercial electricity consumption are divided into peak summer stage and non-peak summer stage.

beijing: support the replacement of old household appliances with new ones, and study the policy to support the replacement of old "coal to electricity" equipment in rural areas

on august 28, the "beijing implementation plan for strengthening support for equipment renewal and consumer goods trade-in" was officially released to the public. support the trade-in of household appliances. for individual consumers in beijing who purchase 8 types of household appliances such as refrigerators, washing machines, televisions, air conditioners, computers, water heaters, household stoves, and range hoods with level 2 energy efficiency or water efficiency standards, a trade-in subsidy of 15% of the product sales price will be given; for products with level 1 energy efficiency or water efficiency standards, the subsidy will be 20% of the product sales price. market players are encouraged to actively organize promotional activities for the trade-in of household appliances, and companies are encouraged to increase preferential policies by giving up profits. research support policies for the renewal of old "coal to electricity" equipment in rural areas. market players are encouraged to carry out consumption promotion activities, increase support, and promote smart home consumption.

in terms of the replacement of old consumer goods, this round of policies only supports the scrapping and renewal of individual consumer passenger cars and the replacement of old household appliances in the previous stage, and newly supports the replacement and renewal of individual passenger cars. for scrapping old cars that meet the standards and purchasing new energy passenger cars, the subsidy will be increased from 10,000 yuan to 20,000 yuan; for scrapping old cars that meet the standards and purchasing fuel passenger cars with a displacement of 2.0 liters or less, the subsidy will be increased from 7,000 yuan to 15,000 yuan. support the replacement and renewal of individual passenger cars. from september 1 to december 31 this year, individual consumers transfer passenger cars registered in this city and in their names for more than one year, and purchase new energy passenger cars in this city. each car will be subsidized at the standard of 15,000 yuan. the new energy vehicles purchased after the replacement include not only pure electric vehicles, but also plug-in hybrid (including extended-range) vehicles and fuel cell vehicles.

the two departments jointly issued the "measures for the management of beneficial owner information"

on august 28, the people's bank of china and the state administration for market regulation jointly issued the "administrative measures for beneficial owner information". the "administrative measures" established and improved the beneficial owner information filing system in my country, which is an important measure for my country to optimize the business environment. promoting the construction of the beneficial owner information filing system can more clearly reflect the equity structure and ultimate control and benefit situation of companies and other entities, improve market transparency, enhance information symmetry and mutual trust between business entities, improve transaction security and transaction efficiency, and further optimize china's business environment. at the same time, the beneficial owner information filing system helps to prevent illegal behaviors such as shell companies, false capital injections and nested shareholdings from the source, help combat illegal and criminal activities such as telecommunications network fraud, and help prevent and curb corruption.

shanghai: land use indicators are tilted towards major scientific and technological innovation projects

on august 28, the shanghai municipal planning and natural resources bureau issued the "several opinions on strengthening the integration of planning and resource policy innovation and accelerating the construction of major science and technology innovation industrial projects". strengthen the guarantee of land use indicators for science and technology innovation industrial projects. effectively promote the reduction of construction land, make good use of incremental land use indicators, and fully guarantee the land demand of municipal and district science and technology innovation industrial projects. the city will pre-issue the annual construction land plan at the beginning of the year. each district will give priority to major science and technology innovation industrial projects to achieve "indicators and other projects" and effectively improve the efficiency of factor supply. land use indicators are tilted towards major science and technology innovation industrial projects. for those that are urgently needed to be implemented, we will quickly respond to project needs through turnover and temporary borrowing, and ensure that project land procedures are handled on time.

some financial institutions conduct internal self-examination of deposit products with interest rates of 3.6% and above

on august 28, high-interest deposit products are gradually disappearing from the market. recently, it was learned from the industry that from june to now, many units are still looking for higher-yield unit deposit products in the market. however, it was learned from the banking industry that at present, some banks have conducted internal self-examinations around unit deposit products with interest rates of 3.6% and above, and carried out discussions and responses based on the actual cost of the bank's own liabilities and the situation of the market peers. in fact, under the background of prohibiting "manual interest supplement" and lowering deposit interest rates, unit deposits with interest rates of 3.6% and above are already very rare in the market. (21st century business herald)

stock market quotes:

china's largest auto dealer guanghui delisted: stock price below 1 yuan for 20 consecutive trading days

china guanghui auto, the largest auto dealer in china, officially terminated its listing and delisted on august 28. guanghui auto issued an announcement on august 25 that the daily closing price of the company's stock was less than 1 yuan for 20 consecutive trading days from june 20, 2024 to july 17, 2024, triggering the conditions for termination of listing. according to relevant regulations, after the termination of listing, guanghui auto's stocks and convertible corporate bonds will be listed and transferred in the two-network companies and delisted companies section established and managed by the national equities exchange and quotations co., ltd. based on the original securities company's agency share transfer system.

navinfo: the company and didi smart transportation technology increase investment in navinfo

navinfo announced in the morning of august 28 that its joint-stock company nanjing siwei zhilian technology co., ltd. (hereinafter referred to as "siwei zhilian") will make a strategic capital increase and share expansion, and the company and didi smart transportation technology co., ltd. will increase capital. the company plans to invest rmb 100 million to increase the capital of nanjing siwei zhilian technology co., ltd., of which the company plans to invest rmb 100 million to increase the capital of nanjing zhilian. before this capital increase, the company directly held 30.29% of the equity of nanjing zhilian. since didi smart transportation technology co., ltd. also invested, after this capital increase, the company's direct shareholding ratio in nanjing zhilian has changed to 27.01%.

it is also reported that after navinfo announced that it and didi would jointly increase investment in navinfo, people familiar with the matter revealed that the original 300-person team of didi's smart transportation sector joined navinfo, mainly responsible for the research and development of technologies such as smart cockpits. cheng peng, director and general manager of navinfo, said that in addition to the capital injection from navinfo listed company to navinfo, didi also injected automotive intelligent assets, teams and cash. it is reported that navinfo has plans to go public independently in the future, but it still depends on the situation of the capital market. "the new order business of navinfo is performing well." said an insider.

seres: core team plans to increase shareholding by 100-200 million yuan within 6 months

on august 28, seres announced that the company's core team, based on confidence in future development, plans to increase its holdings of the company's shares through centralized bidding within 6 months from the date of the announcement, with the amount of increase not less than 100 million yuan and not more than 200 million yuan. the increased shares will be purchased through the establishment of a trust/asset management plan or personal account, and the source of funds will be self-raised funds. the increase plan aims to maintain the company's value, protect the rights and interests of small and medium-sized investors, and enhance investor confidence.

mengniu dairy may repurchase shares not exceeding hk$2 billion

on august 28, mengniu dairy announced that the board of directors hereby announces that it has resolved that, pursuant to any general authorization to repurchase shares that may be granted to the board of directors by shareholders' resolutions passed by shareholders at the relevant annual general meeting of shareholders of the company, the company may repurchase the company's shares on the hong kong stock exchange from time to time in the next twelve months according to market conditions, with a repurchase value of up to hk$2 billion. at the annual general meeting of shareholders held on june 12, 2024, shareholders authorized the board of directors to repurchase shares on the stock exchange.

*st yaxing: the company's shares will be delisted and enter the cash option exercise declaration stage

on august 28, *st yaxing announced that the company will apply to the shanghai stock exchange to terminate the listing of its shares, and the company's shares will enter the cash option exercise declaration stage. the declaration period is from september 6 to september 10, 2024; the declaration abbreviation and code is yaxing cash, 706093; the exercise price is 6.42 yuan per share.

meituan will repurchase up to $1 billion of its class b common stock from time to time in the open market

on august 28, meituan announced on the hong kong stock exchange that the board of directors has resolved to repurchase no more than us$1 billion of class b common shares on the open market from time to time.

other important content:

ai training data transparency bill passes california legislature

on august 28, a measure requiring artificial intelligence companies to be more transparent about the data used to train models was passed by the california legislature on tuesday local time.

china academy of information and communications technology: domestic mobile phone shipments reached 24.204 million units in july, up 30.5% year-on-year

on august 28, the china academy of information and communications technology released data showing that in july 2024, the domestic market shipped 24.204 million mobile phones, a year-on-year increase of 30.5%, of which 5g mobile phones shipped 20.654 million units, a year-on-year increase of 37.2%, accounting for 85.3% of mobile phone shipments in the same period. from january to july 2024, the domestic market shipped 171 million mobile phones, a year-on-year increase of 15.3%, of which 5g mobile phones shipped 145 million units, a year-on-year increase of 23.6%, accounting for 84.8% of mobile phone shipments in the same period.