Market Data

As of the close on July 27, the Shanghai Composite Index rose 1.15% to 3,858.25 points; the Shenzhen Component Index gained 2.72% to 14,148.73 points; and the ChiNext Index increased 3.16% to 3,590.79 points.

At the close of U.S. markets on July 27, the Dow Jones Industrial Average rose 262.83 points from the previous session to 52,210.08, a gain of 0.51%; the S&P 500 edged up 1.20 points to 7,413.18, an increase of 0.02%; and the Nasdaq Composite fell 43.74 points to 24,932.08, a decline of 0.18%.

International oil prices fell sharply on July 27. By the close, light crude oil futures for September delivery on the New York Mercantile Exchange dropped $6.70 to settle at $82.61 per barrel, a decline of 7.5%; London Brent crude oil futures for September delivery fell $8.42 to settle at $88.36 per barrel, a drop of 8.7%.

Financial Highlights

1. According to the National Bureau of Statistics website on July 27, from January to June, the total profit of industrial enterprises above the designated size reached 3,947.99 billion yuan, a year-on-year increase of 18.7%. Among these, state-controlled enterprises reported profits of 1,307.74 billion yuan, up 17.9%; joint-stock enterprises achieved 3,044.32 billion yuan, up 24.7%; foreign-invested enterprises, including those from Hong Kong, Macau, and Taiwan, posted 887.32 billion yuan, up 2.6%; and private enterprises recorded 965.56 billion yuan, up 13.0%.

2. The Ministry of Commerce stated that China consistently opposes the U.S. practice of politicizing and weaponizing technological and economic issues, stigmatizing Chinese companies under various pretexts, and imposing sanctions. The U.S. ignores facts such as the close timing of Chinese companies' AI model releases to U.S. frontier models and the leading position of some Chinese models. It accuses Chinese companies of relying on "distillation" or "stealing U.S. intellectual property" and threatens suppression and sanctions. These actions lack factual basis, have no legal support, and apply double standards in practice, representing typical AI hegemonic behavior. China urges the U.S. to listen to the objective and rational voices of industries from both countries, correct its hegemonic mindset, and stop smearing and threatening Chinese companies. For any actions that materially harm China's interests, China will take all necessary measures to resolutely safeguard its legitimate rights and interests.

3. According to CCTV News on July 27, multiple typhoons have recently landed in China, affecting deep inland areas. Heavy rain has fallen in regions such as South China, East China, and Northeast China, causing severe disasters. On July 27, the Ministry of Finance and the Ministry of Emergency Management urgently allocated 180 million yuan in central natural disaster relief funds to support six provinces, including Guangdong, Fujian, Jiangxi, Hunan, Liaoning, and Jilin, in flood prevention, typhoon response, and emergency rescue efforts. The focus is on searching for and relocating affected people, removing hazards, investigating and rectifying secondary disaster risks, and repairing damaged houses to ensure the safety of people's lives and property.

4. According to The Paper, on July 27, Guo Shougang, Director of the First Equipment Industry Department of the Ministry of Industry and Information Technology, stated at the 2026 World Intelligent Connected Vehicles Conference Media Roundtable that the ministry will accelerate the formulation of the 15th Five-Year Plan for the development of intelligent connected new energy vehicles. It will deeply implement the National Standardization Development Outline, speed up breakthroughs in key core technologies, accelerate the development, international coordination, and implementation of key standards, and advance pilot applications for "vehicle-road-cloud integration," production access, and road trials to build an ecosystem spanning the entire industry chain.

5. According to Xinhua News Agency, Wu Zhengping, Secretary of the Party Committee and Deputy Director of the China International Import Expo Bureau, introduced at the 9th CIIE press briefing on July 27 that over 1,200 companies from 99 countries and regions have signed up to exhibit, an increase of more than 100 compared to the same period last year. The exhibition area exceeds 340,000 square meters, up nearly 10,000 square meters from last year, reaching 95% of the 360,000-square-meter target. There are 265 Fortune 500 and industry-leading companies, an increase of 10 from last year, and 169 companies and 30 overseas exhibition organizers have participated in all nine editions.

6. According to The Paper, on July 27, the domestic memory chip giant CXMT (stock code: 688825) officially debuted on the STAR Market. It closed at 49 yuan per share, up 465.82% from the issue price of 8.66 yuan, with a total market capitalization of 3,277.2 billion yuan, making it the highest-valued company on the A-share market. The full-day trading volume reached 141.187 billion yuan, with a turnover rate of 66.4%. The major shareholder of CXMT is Hefei-based state-owned capital, which has realized gains of nearly one trillion yuan after a decade of support. Alibaba is the largest industry investor, with a cumulative investment of about 7.6 billion yuan. Based on the closing price, Alibaba's stake is valued at over 146.8 billion yuan, yielding a floating profit of nearly 140 billion yuan.

7. On the evening of July 27, Orient Securities released multiple announcements, including a merger and reorganization report (draft). The company plans to acquire 100% equity of Shanghai Securities Co., Ltd. by issuing A-share shares and paying cash, with a transaction value of 25.12 billion yuan.

8. On July 27, the ancient method gold brand LAOPU GOLD (stock code: 06181.HK) issued a positive profit alert. It expects its sales revenue (including tax) for the first half of 2026 to be approximately 22.7 billion to 23.35 billion yuan, a year-on-year increase of about 60% to 65%; revenue is expected to be about 19.8 billion to 20.45 billion yuan, up 60% to 66%. Adjusted net profit under non-IFRS measures (excluding the impact of employee share-based payment expenses) is expected to be about 4.31 billion to 4.36 billion yuan, a year-on-year increase of 83% to 85%. Based on the company's performance forecast, in the second quarter of 2026, LAOPU GOLD's sales revenue including tax will not exceed 4.35 billion yuan, and revenue will not exceed 4 billion yuan, representing a significant decline compared to the first quarter.

9. According to The Paper on July 27, Peng Wensheng, Chief Economist of CICC, has retired upon reaching the age limit. Miao Yanliang, formerly Managing Director and Chief Strategist at CICC, has taken over as the company's Chief Economist.

10. According to the Shanghai Stock Exchange's official website on July 27, Cai Jianchun's profile has been removed from the "Leadership" section. Cai Jianchun previously served as the Deputy Party Secretary and General Manager of the Shanghai Stock Exchange. The Paper learned from multiple sources that Cai Jianchun has moved to work at the China Financial Futures Exchange.

11. According to foreign media reports on July 26, NVIDIA plans to provide approximately $250 billion in financing guarantees for a large data center being built by OpenAI, to support its lease of a 10-gigawatt (GW) mega data center campus in southern Ohio, developed by a subsidiary of Japan's SoftBank Group. According to insiders, if the chips used inside the data center are included, the total investment in the project could reach about $500 billion, making it the largest data center project ever announced. The campus will take years to complete, with the first phase expected to be finished by 2028, generating about 800 megawatts of power.

12. According to Xinhua News Agency, U.S. President Trump said on July 27 that he has enough patience and time to reach an agreement with Iran, but if a new ceasefire agreement is not reached, the U.S. will resume military strikes against Iran.