Mini Program: Quick News Brief on A-Share Market Before Trading
Important News
1. The State Council Information Office will hold a press conference at 3:00 PM today to introduce the economic operation situation in July 2026.
According to China News Service, the State Council Information Office will hold a press conference on Monday, August 17, 2026, at 3:00 p.m., where Fu Linghui, spokesperson for the National Bureau of Statistics, Chief Economist, and Director of the Department of Comprehensive Statistical Analysis, will introduce the economic performance for July 2026 and respond to journalists’ questions.
2. Central Bank: M2 increased by 7.7% year-over-year in July, M1 increased by 4%
Central Bank: As of the end of July, the balance of broad money (M2) was RMB 35.551 trillion, representing a year-over-year growth of 7.7%. The balance of narrow money (M1) was RMB 11.546 trillion, up 4% year over year. The balance of currency in circulation (M0) was RMB 1.482 trillion, up 11.6% year over year. A net cash injection of RMB 725.5 billion occurred over the first seven months.
3. Central Bank: The cumulative increase in social financing scale through the first seven months of 2026 amounted to RMB 22.25 trillion.
Preliminary statistics show that, for the first seven months of 2026, the cumulative increase in social financing scale amounted to RMB 22.25 trillion, a decrease of RMB 1.74 trillion compared with the same period last year. Among this, RMB loans extended to the real economy increased by RMB 10.17 trillion, a reduction of RMB 2.14 trillion year-over-year; foreign currency loans extended to the real economy, converted into RMB, increased by RMB 169.4 billion, an increase of RMB 241.9 billion year-over-year; entrusted loans decreased by RMB 81 billion, with a larger decline of RMB 12.1 billion year-over-year; trust loans decreased by RMB 67.2 billion, with a larger decline of RMB 226.4 billion year-over-year; undiscounted bank acceptance bills decreased by RMB 178.6 billion, with a smaller decline of RMB 41 billion year-over-year; net financing through corporate bonds amounted to RMB 2.52 trillion, an increase of RMB 1.1 trillion year-over-year; net financing through government bonds amounted to RMB 7.76 trillion, a decrease of RMB 1.15 trillion year-over-year; equity financing by non-financial enterprises within China amounted to RMB 406.1 billion, an increase of RMB 184.7 billion year-over-year.
4. The central bank and the State Administration of Foreign Exchange have decided to promote the cross-border centralized operation of foreign and domestic currency funds for multinational corporations nationwide.
The People's Bank of China and the State Administration of Foreign Exchange have decided to promote the cross-border centralized operation of foreign and domestic currency funds for multinational corporations nationwide. Multinational corporations engaging in fund pool operations must meet the following conditions: the aggregate annual international receipts and payments in both foreign and domestic currencies for all domestic member enterprises must be no less than RMB 700 million; or the aggregate annual revenue for all domestic member enterprises must be no less than RMB 1 billion, and the aggregate annual revenue for all overseas member enterprises must be no less than RMB 200 million equivalent. For multinational corporations with their principal enterprise registered within a free trade zone, the aggregate annual international receipts and payments in both foreign and domestic currencies for all domestic member enterprises must be no less than RMB 350 million; or the aggregate annual revenue for all domestic member enterprises must be no less than RMB 500 million, and the aggregate annual revenue for all overseas member enterprises must be no less than RMB 100 million equivalent.
5. Fujian: Improve AI infrastructure construction and accelerate the development of a unified provincial computing network.
Recently, the Fujian Provincial Government issued the "Fujian Province's 15th Five-Year Plan for Emerging and Future Industries," clearly outlining the promotion of nine future industries. Among these, it emphasizes advancing AI+ application demonstrations, deeply implementing the "AI+" Leading Demonstration Initiative, accelerating the development of Fujian’s artificial intelligence industry, and promoting deep integration of AI with sectors such as industry, healthcare, education, and human resources. It supports innovative applications of AI technologies across the entire value chain—including R&D design, pilot testing, manufacturing, marketing services, and operational management. The plan also calls for improving AI infrastructure by accelerating the construction of a province-wide integrated computing power network, advancing the development of public intelligent computing centers in Fuzhou, Xiamen, and Zhangzhou, and reasonably deploying edge computing nodes. It aims to strengthen and expand AI pilot bases and collaborate with national strategic scientific forces to build an AI for Science platform. The "Data Elements ×" initiative will be implemented to develop high-quality, AI-ready datasets in key areas such as government services, healthcare, and marine industries, while promoting the construction of provincial data annotation bases and establishing a comprehensive data resource development and service system. To foster a thriving AI ecosystem, the plan supports the high-quality development of provincial AI industrial parks and clusters in Fuzhou, Xiamen, and Quanzhou, and cultivates "AI+" enterprises in stages. It encourages joint construction of innovation platforms to tackle core technologies such as intelligent chips and foundational algorithms; supports AI-native entrepreneurship and organizational innovation; and encourages localities to explore the creation of low-cost, open innovation communities for OPC1, offering prototype development and other services tailored to vertical industries.
6. Minor Adjustment to Purchase Policy for Non-Shanghai Residents and Foreign Nationals? Shanghai Real Estate Trading Center Hotline Responds
Regarding the issue of housing replacement for non-local residents, a staff member from the Shanghai Real Estate Trading Center hotline stated that no new policy has been issued. According to the hotline staff, non-local household families who sell their only property in Shanghai may purchase one replacement property anywhere in the city, provided the ownership remains consistent; no social insurance or individual income tax proof is required. This policy has been in effect since May 28, 2024. For families or single adults who own multiple properties and sell some of them (i.e., two or more properties), when purchasing again, the number and location of the new property must match the sold property—properties outside the Outer Ring can only be replaced with properties outside the Outer Ring, and properties inside the Outer Ring can only be replaced with properties inside the Outer Ring, without requiring social insurance or individual income tax documentation. This policy has been in effect since February 26, 2026. Regarding property replacement by overseas individuals, the hotline staff stated that after selling all their Shanghai properties, overseas individuals may purchase one replacement property in Shanghai without submitting a residence permit (work category), a continuous one-year employment contract in Shanghai prior to purchase, or proof of one year of continuous social insurance or individual income tax payments; however, they must still sign a self-occupancy commitment statement for overseas individuals. This policy has been in effect since July 29, 2026. (The Paper)
Individual stock news
China Central Huijin and China Securities Finance Corporation have both exited the top ten shareholders list of Kweichow Moutai.
Kweichow Moutai has released its semi-annual report for 2026. As of the end of the second quarter, China Central Huijin Investment and China Securities Finance Corporation have both exited Kweichow Moutai’s top ten shareholders list. Compared to the end of the first quarter, China Central Huijin Investment and China Securities Finance Corporation held 0.83% and 0.32% of Kweichow Moutai’s shares, respectively, ranking as the fifth and tenth largest shareholders.
2. Kweichow Moutai: Net profit for the first half of 2026 was RMB 44.517 billion, a year-over-year decrease of 1.95%.
Kweichow Moutai announced that for the first half of 2026, revenue amounted to RMB 90.703 billion, representing a 1.47% year-over-year increase. Net profit attributable to shareholders of the listed company was RMB 44.517 billion, a 1.95% year-over-year decrease. Non-GAAP net profit was RMB 44.464 billion, down 2.04% year-over-year.
3. The most expensive new stock of the year, Pinzhun Laser, will list on the STAR Market on August 18.
Pinzhun Laser announced that its shares will be listed on the STAR Market of the Shanghai Stock Exchange on August 18, 2026. The company is offering 10 million shares at an issue price of RMB 186.88 per share, resulting in a total post-issue share capital of 40 million shares. The company reported revenue of RMB 418 million and net profit of RMB 151 million for 2025. Initially, 7.6178 million shares, representing 19.04% of the total share capital, will be freely tradable.
4. Zhongwei Semiconductor: Net profit of RMB 172 million in the first half of 2026, up 98.48% year-over-year.
According to the announcement by Zhongwei Semiconductor, the company's revenue for the first half of 2026 reached RMB 726 million, a 44.01% year-over-year increase; net profit attributable to shareholders of the listed company amounted to RMB 172 million, up 98.48% year-over-year; non-GAAP net profit reached RMB 159 million, up 109.74% year-over-year. The net profit for the same period last year was RMB 86.47 million.
5. Unigroup Guoxin: Net profit increased by 15% year-over-year in the first half, with the memory segment surging 305% year-over-year.
Unigroup Guoxin (002049.SZ) released its interim report for 2026, reporting revenue of RMB 3.443 billion, a 13% year-over-year increase; net profit attributable to shareholders of the listed company amounted to RMB 798 million, up 15.29% year-over-year. During the first half of the year, sustained investment in artificial intelligence infrastructure, high-performance computing, and advanced storage technologies drove continued explosive growth across the industry. By product category, the memory segment led with a remarkable 305% year-over-year increase; logic chips also achieved strong growth, rising 45%; all other product categories posted positive year-over-year growth, reflecting ongoing positive sentiment in downstream semiconductor applications.
6. Summit Communications: Signs major contract for Ethernet switching chips, exceeding 50% of last year’s revenue
Sekor Communications (688702.SH) announced that it has entered into a product sales agreement with its affiliate, China Electronics Port Technology Co., Ltd. The contract amount exceeds 50% of the company’s audited revenue for the most recent fiscal year and surpasses RMB 100 million, with the subject matter being Ethernet switching chips. This contract is a long-term agreement with a performance period exceeding one year; revenue will be recognized periodically and will not be recognized entirely in a single period in 2026, resulting in a relatively limited impact on the company’s 2026 operating performance. If successfully executed, the contract is expected to have a positive impact on the financial performance of the relevant years during its term. Financial statements show that Sekor Communications’ total operating revenue for 2025 was RMB 1.151 billion.
7. Shangwei New Materials: Net loss of RMB 167 million in the first half of the year, turning from profit to loss year-over-year; plans to implement a restricted stock incentive program for 8,067,200 shares.
Shangwei New Materials (688585.SH) released its interim report for 2026, reporting revenue of RMB 803 million, a 2.42% year-over-year increase; net profit attributable to shareholders of the listed company amounted to a loss of RMB 167 million, turning from profit to loss compared to the same period last year. During the reporting period, RMB 180 million was invested in R&D expenses, of which RMB 164 million was allocated to consumer-grade embodied AI robotics. R&D expenses accounted for 22.46% of total revenue, an increase of 19.72 percentage points year-over-year. Shangwei New Materials also released a draft of its 2026 equity incentive plan, proposing to grant 8,067,200 Class II restricted shares to 347 incentive recipients, representing 2% of the company’s total share capital, at an exercise price of RMB 91.85 per share. Of these, 6,453,800 shares will be granted initially, with 1,613,400 shares reserved. The performance evaluation period covers 2026 to 2028, with metrics including: new business revenue accounting for no less than 25% of total revenue in 2026 after the change in control; a net revenue growth rate of no less than 160% for new business in 2027; and a net revenue growth rate of no less than 700% for new business in 2028.
8. Shengyi Technology: Net profit increased by 130% year-over-year in the first half of the year; sales volume of copper-clad laminates and product sales mix continue to improve.
Shengyi Technology (600183.SH) announced the release of its interim report for 2026, reporting revenue of RMB 19.026 billion, a 50.05% year-over-year increase; net profit attributable to shareholders of the listed company amounted to RMB 3.287 billion, up 130.42% year-over-year. The revenue growth was primarily driven by continued optimization in sales volume and product mix of copper-clad laminates, as well as increased sales volume and higher proportion of high-value-added products in printed circuit boards. In addition, the company’s sales team seized the explosive growth opportunity in AI computing demand, strengthening deep collaborations with leading domestic and international AI server, data center, and computing chip customers, while making significant progress in expanding into the intelligent driving and storage markets.
9. Hualian Holding: Received Notice of Investment Review from Canada’s FIRES for Lithium Salt Lake Project
Hualian Holdings announced that on August 14, 2026, it received a notice from Canada’s Foreign Investment Review and Economic Security (FIRES) authority, indicating that its investment in the Arizaro lithium brine project in Argentina may affect Canadian national security and could trigger a further review within 45 days. In December 2025, the company agreed to acquire 100% of Argentum Lithium S.A. for $175 million, securing an 80% interest in the project. The company is currently engaging actively with the seller to address the matter and is unable to assess the potential impact at this time; the transaction remains uncertain.
10. Jukou Technology: Micro-optical products related to NPO/CPO and high-channel V-groove products have partially completed batch validation, with ongoing order growth.
Jukou Technology (688167.SH) has released an announcement of its investor relations activity record. Regarding business progress: micro-optical products related to pluggable optical modules have achieved scaled supply to certain customers, with ongoing efforts to expand customer validation and mass production adoption. Micro-optical products and high-channel V-groove products related to NPO/CPO have added multiple new customers in the first half of 2026, with some having completed batch validation; existing orders continue to grow, and a technology licensing agreement has been signed and initiated with a key customer. OCSMLA is steadily ramping up at major clients and has entered mass production. For silicon photonic module CW light sources and external laser source applications in CPO, aluminum nitride substrate materials are collaborating with multiple industry-leading customers, with sample delivery and validation ongoing, expanding both customer coverage and business scale. In terms of strategic planning, several of the company’s core optical communication products have gained customer recognition, and existing production capacity has been pre-allocated based on customer orders and demand forecasts.
11. *ST Wenyi: Net loss of RMB 406 million in the first half of 2026; Anshi’s overseas entities no longer operate under the listed company’s instructions.
*ST Wenyi announced that its revenue for the first half of 2026 amounted to RMB 1.514 billion, a year-over-year decline of 94.02%. The net loss attributable to shareholders of the listed company was RMB 406 million, compared to a net profit of RMB 474 million in the same period last year, marking a reversal from profit to loss. Starting September 30, 2025, the Company’s subsidiaries, NXP Semiconductors and NXP Holding, received ministerial orders from the Dutch Ministry of Economic Affairs and Climate Policy and rulings from the Enterprise Chamber of the Amsterdam Court of Appeal. As of the end of this reporting period, although the ministerial orders have been suspended, the rulings from the Enterprise Chamber remain in effect, and the listed company’s control over NXP’s overseas entities remains temporarily restricted. Currently, NXP’s overseas entities no longer operate under the instructions of the listed company and have suspended wafer supplies to NXP’s domestic business units in China, adversely impacting the continuity of the Company’s manufacturing operations.