Must-read before the market: Changxin Technology has set the issue price; many popular stocks are expected to be happy
Must-read before the market: Changxin Technology has set the issue price; many popular stocks are expected to be happy
National Bureau of Statistics releases national economic data for the first half of the year The National Bureau of Statistics released a monthly report on residential sales prices in 70 large and medium-sized cities. Bank of Canada announces interest rate decision 2026 China (Guangdong)-ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Docking and Exchange Meeting (Guangzhou, 7/15-7/16) Earnings Release: ASML, Morgan Stanley, BlackRock The central bank announced that in order to maintain sufficient liquidity in the banking system, on July 15, 2026, the People's Bank of China will carry out a 1.4 trillion yuan buyout reverse repurchase operation with a fixed quantity, interest rate bidding, and multiple price winning bids. The period is 6 months (184 days) and the expiration date is January 15, 2027 (extended in case of holidays). Changxin Technology announced that the company’s initial public offering of shares was listed on the Science and Technology Innovation Board with an issue price of 8.66 yuan per share. Investors can participate in online and offline subscriptions at this price on July 16, 2026 (T day), and there is no need to pay subscription funds during the subscription process. The offline subscription period is 9:30-15:00 on the same day, and the online subscription period is 9:30-11:30 and 13:00-15:00. The initial number of shares issued in this issuance is 6,688,088,608 shares, accounting for approximately 10.00% of the total share capital after the issuance. At the same time, CICC has been granted an over-allotment option of no more than 15.00% of the initially issued shares. The issue price corresponds to the lowest diluted P/E ratio of 308.92 times in 2025 (without exercising the over-allotment option), which is higher than the industry average P/E ratio of 76.32 times and the average P/E ratio of comparable companies of 134.62 times. This issuance is expected to raise a total of approximately 57.919 billion yuan before the over-allotment option is exercised, and the net amount after deducting issuance expenses is approximately 57.638 billion yuan. Six departments including the Ministry of Ecology and Environment and the National Development and Reform Commission jointly issued the "15th Five-Year Plan for the Prevention and Control of Solid Waste Pollution". The "Plan" puts forward the overall goals for the next five years: by 2030, special rectification of solid waste in key areas will achieve significant results, the historical stockpiles of solid waste will be effectively controlled, the high incidence of illegal dumping and disposal will be curbed, the ability and level of comprehensive solid waste management will be significantly improved, the "one network" for solid waste information supervision will achieve full coverage of key areas, and a number of "waste-free cities" will be built. Among them, the proportion of hazardous waste landfill disposal will be reduced from about 13% in 2025 to less than 10%, the proportion of key general industrial solid waste storage and landfill will be reduced from about 56% to less than 30%, and the coverage of information-based supervision of the entire process of hazardous waste-related units must reach 100%. The incidence rate of illegal dumping and illegal disposal of solid waste will be significantly reduced by 2030. According to CCTV News, on July 14, local time, the U.S. Central Command stated that the U.S. military would launch a new round of strikes against Iran at 15:00 ET (22:30 Tehran time on the 14th). The US military is also preparing to resume a naval blockade against Iran's ports and coastal areas. "The blockade will officially take effect at 16:00 Eastern Time on the same day (23:30 Tehran time on the 14th)." According to CCTV Finance and the Associated Press, on July 14, local time, the testimony prepared by Federal Reserve Chairman Kevin Warsh for his first congressional testimony showed that Warsh vowed to make high inflation a "past tense", but he did not give any signal on the next step. In his testimony, Warsh said that Fed policymakers "will have no tolerance for persistently high inflation" and emphasized that "we have a firm determination to restore price stability." However, about half of the 19 members of the Fed's interest rate-setting committee expect to need to raise the benchmark interest rate before the end of the year to curb inflation, while nearly half of the members prefer to keep interest rates unchanged or even cut them. Warsh faces a daunting challenge: coordinating a divided committee while dealing with a rapidly changing economic outlook. In keeping with his consistent stance of reducing forward guidance on Fed policy, he did not hint in his testimony whether raising interest rates was necessary to combat inflation. According to the Fed's preferred measure, the U.S. personal consumption expenditures price index has now increased by 4.1% year-on-year, well above the 2% target level. Warsh will testify before the House Financial Services Committee later that morning and will later be questioned by members of the committee.
According to CCTV Finance, data released by the U.S. Department of Labor on July 14 showed that the U.S. Consumer Price Index (CPI) rose by 3.5% year-on-year in June. After excluding food and energy prices, the U.S. core CPI in June rose by 2.6% year-on-year. Analysts said that the U.S. CPI in June slowed down from the 4.2% year-on-year increase in May, mainly because the U.S. and Iran reached a memorandum of understanding in mid-June and international oil prices fell from highs. However, the United States and Iran have opened fire again recently, and the situation in the Strait of Hormuz has suddenly escalated, causing international oil prices to rise in response. The national average price of gasoline rose to $3.87 per gallon on Monday from about $3.80 a week ago, according to AAA. Analysts pointed out that Federal Reserve officials have recently become significantly more vigilant about the risk of rising inflation, and some officials' comments may suggest that the Federal Reserve will restart raising interest rates within the year. Deutsche Bank expects the Fed to raise interest rates by 25 basis points in September and December, raising the federal funds rate to 4.1%, and then keep it unchanged throughout 2027. On Tuesday local time, the three major U.S. stock indexes rose across the board. As of the close, the Dow rose 0.02%, the Nasdaq rose 0.90%, and the S&P 500 rose 0.38%. Leading technology stocks were mixed. Nvidia closed up 4.06%, Google rose 1.99%, Meta rose 0.66%, Tesla rose 0.34%, and Amazon rose 0.07%. In the negative camp, SpaceX closed down 2.20%, Microsoft fell 1.55%, Apple fell 0.77%, and Netflix fell 0.41%. Chip stocks rose sharply during the day, with the VanEck Semiconductor ETF (SMH) closing up 2.51%. SK Hynix ADR closed soaring 27.29%, SanDisk rose 5.01%, Micron Technology rose 4.92%, Kelei rose 3.65%, Teradyne rose 3.55%, Applied Materials rose 3.53%, AMD rose 2.57%. Popular Chinese concept stocks had mixed gains and losses, with the Nasdaq Golden Dragon China Index closing down 0.11%. Baidu fell 3.23%, NetEase fell 2.31%, Pinduoduo fell 0.77%, Bilibili fell 0.63%, Zhihu fell 0.46%, JD.com fell 0.14%, Weibo fell 0.13%, and Alibaba fell 0.03%. In the rising camp, Xpeng Motors closed up 3.17%, iQiyi rose 2.65%, Li Auto rose 2.38%, New Oriental rose 1.91%, Futu Holdings rose 1.85%, Weilai rose 1.73%, Tiger Brokers rose 0.65%, and Tencent Holdings rose 0.57%. Suqian Liansheng, 3 boards in 6 days: If the stock price rises further abnormally, it may apply for trading suspension for verification AVIC Optoelectronics: Subsidiary Xiangtong Optoelectronics Technology has very full orders and has been scheduled for 27 years *ST Hi-Tech: The actual controllers Cao Long and He Yifan were put on criminal record for suspected misappropriation of funds. Saiyi Information: The total contract amount to be purchased for high-performance computing servers shall not exceed 5.079 billion yuan Shengxin Lithium Energy: Adjusted the fundraising limit for the 2025 fixed-increase plan to 5.3 billion yuan Wanhua Chemical: Subsidiary Hungarian Boside Chemical Company's equipment will be suspended for maintenance Overseas Chinese Town A: The joint-stock company Shoumaocheng Real Estate’s 1.061 billion yuan loan is overdue Xinwei Communications: Plans to acquire 55% equity of Yiyang Electronic Technology and increase capital to strengthen high-end MLCC product layout China Jushi: Net profit in the first half of the year is expected to increase by 65%-85% year-on-year, and the downstream demand for glass fiber increases. Product volume and price rise. Dongshan Precision: Net profit in the first half of the year is expected to increase by 282.58%-295.78% year-on-year YOFC Optical Fiber: Net profit in the first half of the year is expected to increase by 711%-914% year-on-year. Demand for new optical fiber and cable products continues to grow. Changdian Technology: Net profit in the first half of the year is expected to increase by 63%-102% year-on-year. The prosperity of the semiconductor industry has improved and customer orders have increased. Demingli: Estimated net profit in the first half of the year is 5.7 billion yuan to 6.5 billion yuan, turning losses into profits year-on-year. Storage demand continues to grow, and product prices maintain an upward trend. Air China: Estimated net loss in the first half of the year is 2.1 billion to 2.6 billion yuan. High jet fuel prices have significantly squeezed aviation profit margins. New Hope: Estimated net loss for the first half of 2026 is 1.6 billion yuan to 1.8 billion yuan Northern Rare Earth: Net profit in the first half of the year is expected to increase by 113%-121% year-on-year, and rare earth product prices are strengthening Shenzhen Huaqiang: Net profit is expected to increase by 50%-80% year-on-year in the first half of 2026
Yellow River Tornado: Net loss expected to be 220 million yuan in the first half of the year Functional diamond-related products have been put into production Honghe Technology: Net profit in the first half of the year is expected to increase by 280%-364% year-on-year. Special electronic cloth and E-glass fiber ultra-thin cloth and ultra-thin cloth products have achieved a significant increase in net profit. Tianqi Lithium: Net profit in the first half of the year is expected to increase by 3276%-4935% year-on-year. The average sales price of lithium products has increased significantly and the performance of associate company SQM is expected to increase significantly. China Eastern Airlines: Estimated net loss in the first half of the year is 1.8 billion yuan to 2.4 billion yuan due to a significant increase in costs due to the sharp rise in jet fuel prices China Shenhua: Net profit in the first half of the year is expected to increase by 6.9%-21.1% year-on-year. Coal chemical business volume and self-owned railway, port, and shipping business volumes will increase. Tongwei Co., Ltd.: Estimated net loss in the first half of the year is 4.8 billion yuan to 5.4 billion yuan Zhaoyan New Drug: Net profit in the first half of the year is expected to increase by 885%-1377% year-on-year. The rise in the market price of biological assets will add to its own natural growth and appreciation. Caitong Securities: The Shanghai Stock Exchange Index has shrunk and bottomed out, waiting for volume to match fundamental signals. First Venture: After technological fluctuations increase, rebalance the style appropriately. Cool Hope Fund: The market has entered the end of the adjustment phase, and the lows are gradually emerging. (
According to CCTV Finance, data released by the U.S. Department of Labor on July 14 showed that the U.S. Consumer Price Index (CPI) rose by 3.5% year-on-year in June. After excluding food and energy prices, the U.S. core CPI in June rose by 2.6% year-on-year. Analysts said that the U.S. CPI in June slowed down from the 4.2% year-on-year increase in May, mainly because the U.S. and Iran reached a memorandum of understanding in mid-June and international oil prices fell from highs. However, the United States and Iran have opened fire again recently, and the situation in the Strait of Hormuz has suddenly escalated, causing international oil prices to rise in response. The national average price of gasoline rose to $3.87 per gallon on Monday from about $3.80 a week ago, according to AAA. Analysts pointed out that Federal Reserve officials have recently become significantly more vigilant about the risk of rising inflation, and some officials' comments may suggest that the Federal Reserve will restart raising interest rates within the year. Deutsche Bank expects the Fed to raise interest rates by 25 basis points in September and December, raising the federal funds rate to 4.1%, and then keep it unchanged throughout 2027. On Tuesday local time, the three major U.S. stock indexes rose across the board. As of the close, the Dow rose 0.02%, the Nasdaq rose 0.90%, and the S&P 500 rose 0.38%. Leading technology stocks were mixed. Nvidia closed up 4.06%, Google rose 1.99%, Meta rose 0.66%, Tesla rose 0.34%, and Amazon rose 0.07%. In the negative camp, SpaceX closed down 2.20%, Microsoft fell 1.55%, Apple fell 0.77%, and Netflix fell 0.41%. Chip stocks rose sharply during the day, with the VanEck Semiconductor ETF (SMH) closing up 2.51%. SK Hynix ADR closed soaring 27.29%, SanDisk rose 5.01%, Micron Technology rose 4.92%, Kelei rose 3.65%, Teradyne rose 3.55%, Applied Materials rose 3.53%, AMD rose 2.57%. Popular Chinese concept stocks had mixed gains and losses, with the Nasdaq Golden Dragon China Index closing down 0.11%. Baidu fell 3.23%, NetEase fell 2.31%, Pinduoduo fell 0.77%, Bilibili fell 0.63%, Zhihu fell 0.46%, JD.com fell 0.14%, Weibo fell 0.13%, and Alibaba fell 0.03%. In the rising camp, Xpeng Motors closed up 3.17%, iQiyi rose 2.65%, Li Auto rose 2.38%, New Oriental rose 1.91%, Futu Holdings rose 1.85%, Weilai rose 1.73%, Tiger Brokers rose 0.65%, and Tencent Holdings rose 0.57%. Suqian Liansheng, 3 boards in 6 days: If the stock price rises further abnormally, it may apply for trading suspension for verification AVIC Optoelectronics: Subsidiary Xiangtong Optoelectronics Technology has very full orders and has been scheduled for 27 years *ST Hi-Tech: The actual controllers Cao Long and He Yifan were put on criminal record for suspected misappropriation of funds. Saiyi Information: The total contract amount to be purchased for high-performance computing servers shall not exceed 5.079 billion yuan Shengxin Lithium Energy: Adjusted the fundraising limit for the 2025 fixed-increase plan to 5.3 billion yuan Wanhua Chemical: Subsidiary Hungarian Boside Chemical Company's equipment will be suspended for maintenance Overseas Chinese Town A: The joint-stock company Shoumaocheng Real Estate’s 1.061 billion yuan loan is overdue Xinwei Communications: Plans to acquire 55% equity of Yiyang Electronic Technology and increase capital to strengthen high-end MLCC product layout China Jushi: Net profit in the first half of the year is expected to increase by 65%-85% year-on-year, and the downstream demand for glass fiber increases. Product volume and price rise. Dongshan Precision: Net profit in the first half of the year is expected to increase by 282.58%-295.78% year-on-year YOFC Optical Fiber: Net profit in the first half of the year is expected to increase by 711%-914% year-on-year. Demand for new optical fiber and cable products continues to grow. Changdian Technology: Net profit in the first half of the year is expected to increase by 63%-102% year-on-year. The prosperity of the semiconductor industry has improved and customer orders have increased. Demingli: Estimated net profit in the first half of the year is 5.7 billion yuan to 6.5 billion yuan, turning losses into profits year-on-year. Storage demand continues to grow, and product prices maintain an upward trend. Air China: Estimated net loss in the first half of the year is 2.1 billion to 2.6 billion yuan. High jet fuel prices have significantly squeezed aviation profit margins. New Hope: Estimated net loss for the first half of 2026 is 1.6 billion yuan to 1.8 billion yuan Northern Rare Earth: Net profit in the first half of the year is expected to increase by 113%-121% year-on-year, and rare earth product prices are strengthening Shenzhen Huaqiang: Net profit is expected to increase by 50%-80% year-on-year in the first half of 2026
Yellow River Tornado: Net loss expected to be 220 million yuan in the first half of the year Functional diamond-related products have been put into production Honghe Technology: Net profit in the first half of the year is expected to increase by 280%-364% year-on-year. Special electronic cloth and E-glass fiber ultra-thin cloth and ultra-thin cloth products have achieved a significant increase in net profit. Tianqi Lithium: Net profit in the first half of the year is expected to increase by 3276%-4935% year-on-year. The average sales price of lithium products has increased significantly and the performance of associate company SQM is expected to increase significantly. China Eastern Airlines: Estimated net loss in the first half of the year is 1.8 billion yuan to 2.4 billion yuan due to a significant increase in costs due to the sharp rise in jet fuel prices China Shenhua: Net profit in the first half of the year is expected to increase by 6.9%-21.1% year-on-year. Coal chemical business volume and self-owned railway, port, and shipping business volumes will increase. Tongwei Co., Ltd.: Estimated net loss in the first half of the year is 4.8 billion yuan to 5.4 billion yuan Zhaoyan New Drug: Net profit in the first half of the year is expected to increase by 885%-1377% year-on-year. The rise in the market price of biological assets will add to its own natural growth and appreciation. Caitong Securities: The Shanghai Stock Exchange Index has shrunk and bottomed out, waiting for volume to match fundamental signals. First Venture: After technological fluctuations increase, rebalance the style appropriately. Cool Hope Fund: The market has entered the end of the adjustment phase, and the lows are gradually emerging. (