红盘先锋

Key financial indicators: The proportion of A-category profit exceeds 60% Three categories of net asset values all surpass 5 yuan
In the second quarter of 2026, all three share classes (A/C/E) of the Bosera S&P 500 ETF Connect Fund delivered significant gains. The A-category shares performed particularly well: profit for the period reached RMB 736 million, accounting for 66.5% of the total profit from the three share classes (RMB 736 million + RMB 153 million + RMB 218 million = RMB 1,107 million). The E-category shares’ net asset value at period-end exceeded RMB 2.3 billion, increasing by about 25% versus the beginning of the period (estimated based on share movements). The net values at period-end for all three share classes were above 5 yuan; A and E were 5.4925 yuan and 5.4909 yuan respectively, while C was 5.3213 yuan.

On July 22, Dinyang Technology fell 3.15%, with transaction value of 187 million yuan, turnover rate of 2.24%, and total market value of 8.198 billion yuan.
Event-driven anomaly analysis
chip concept + Apple concept + NVIDIA concept + specialized and new (“专精特新”) + Huawei concept
1, August 30, 2023, Interaction 易: On December 28, 2022, the company officially released its self-developed digital oscilloscope front-end amplifier-dedicated chip SFA8001 with 8GHz bandwidth. As the core of the analog front-end circuit, the amplifier chip can perform functions such as impedance transformation of analog signals, bias control, gain control, and single-ended to differential conversion, which determine important indicators for the digital oscilloscope including bandwidth, bottom noise, dynamic range, and measurement accuracy.

Source: People’s Daily Overseas Edition
Earlier this year, a historical drama (the Tai Ping era) was broadcast on multiple overseas platforms, drawing widespread attention. Centered on the historical event of the Five Dynasties and Ten Kingdoms period known as “relinquishing territory to reunite with the Song,” the series scored a high 9.3 on the North American streaming platform Viki and topped Vietnam’s TV360 overseas drama chart. On social media, many overseas viewers shared their reactions on their own, saying things like “I’ve completely become obsessed with the history of the Five Dynasties and Ten Kingdoms lately” and “To better understand the characters in the show, I even researched each real person depicted.” Some viewers also organized their viewing reflections into posts to exchange and discuss with fellow drama fans.

　　U.S. President Trump said he would discuss with Lebanese President Aoun how to help implement the ceasefire agreement between Israel and Lebanon that was brokered by the United States. At present, Beirut is seeking assistance to curb Iran-backed Hezbollah forces.
　　On Tuesday, Trump met with Aoun in the Oval Office at the White House and told reporters, “Today we will discuss this with the president. We have already developed some very specific plans, and other aspects will also come in to provide help.”
　　Trump did not disclose what these additional aid might include, saying that Lebanon “is becoming more self-sufficient.”

每经记者｜刘曦????每经编辑｜余婷婷????
“We will transform from an L2 company into an L4 company. Robotaxi (autonomous taxis) is highly significant for XPeng.” Recently, at the first all-employee meeting of the Robotaxi business unit, He Xiaopeng, Chairman of the XPeng Group, said so.
At the same time, he also clearly defined XPeng Robotaxi’s business positioning: it will not operate services, but will act as a technology provider and an enabler of the ecosystem. The company plans to kick off a passenger-carrying demonstration and operation service in Guangzhou first in the third quarter of this year.
Of note is that as Robotaxi gradually moves from technical validation to commercial rollout, the logic of competition in the industry is changing. In the past, companies competed on who could achieve autonomous driving first. Now, how to establish a low-cost, high-efficiency operations system has become the new focal point of competition.

(Source: JD Logistics Blackboard)
Recently, the meteorological bureaus of Sichuan and Chongqing issued yellow alerts for high temperatures, with maximum temperatures in multiple places expected to rise to 40°C. Demand for home appliances such as air conditioners has surged. JD.com data shows that from the time “Fulin” began on July 15 to the present, the online air-conditioner sales in regions including Chengdu, Guangyuan, Bazhong, Dazhou, Suining, and Neijiang have increased year over year by more than 150%. In Sichuan and Chongqing, JD.com Service’s daily air-conditioner installation volume has exceeded 10,000 units, surpassing the previous historical peak by nearly 100% year over year.
For the peak summer air-conditioning sales season this year, JD.com Service has launched the industry’s first special subsidy program for delivering and installing during the “Fulin” hottest period. Focusing on two key stages—delivery with “on-time arrival” and installation with “installation on the same day”—the company provides differentiated incentives to frontline service personnel. The subsidies cover orders exceeding one million, ensuring timely delivery while encouraging same-day receipt and same-day completion. The program balances efficiency and quality, and works to meet users’ cooling needs in the sweltering heat.

[By Wang Li, Edited by Lü Dong]
At the World Artificial Intelligence Conference (WAIC 2026), medical AI large models remain one of the most closely watched tracks, but the focus of companies’ demos and discussions has clearly shifted.
In the past two years, the industry was keen on comparing model parameters, medical exam results, and Q&A accuracy. Now, the market cares more about whether AI can enter drug R&D, hospital diagnosis and treatment, and home health management—whether it can connect tests, online consultations, medication purchasing, payments, and smart devices—and ultimately deliver measurable improvements in efficiency and reductions in costs.
From Alibaba, Tencent, Ant, JD Health, ByteDance, iFlytek, Ping An to Huawei—each company is reshaping the market according to its own resources. Alibaba is pushing into life sciences and upstream research; Tencent is trying to connect models, cloud, and the healthcare industry; Ant, JD, ByteDance, and Ping An are vying for patient entry points; iFlytek is going deeper into doctors’ workflows; and Huawei is targeting hospital infrastructure.

By Financial Journal reporter | Yang Qifei ???? Editor | Yang Huan ????
On the morning of July 21, the 2026 Asia-Pacific Digital Partners Dialogue and the “Invest Chengdu” global investment promotion conference officially opened in Chengdu. According to Wang Zicong, Vice President of Intel Group and Chairman of Intel China, as early as 2004, Intel set up a production base in Chengdu with the largest single investment in the western region. After 20 years of development, it has now formed one of Intel’s most advanced and highest-capacity production and manufacturing bases in the world, with capabilities in wafer pre-processing, advanced packaging, and testing.

? Operators Finance Network
As 2026 reaches mid-year, Operators Finance Network officially rolls out the “2026 First Half—List of Well-Known Auto Brands’ Full-Matrix Toutiao Accounts by Follower Count” series of rankings. The initiative counts the number of followers that auto enterprises have across major social media platforms and ranks them separately, so as to observe the communication power and influence of various automakers in the new media era. Now, one of the lists is officially released: the “Top 10 Full-Matrix Toutiao Account Follower Counts for Well-Known Auto Brands in the First Half of 2026.”
Worth noting is that this ranking is not a simple order of followers for a single Toutiao account. Instead, it aggregates the follower counts of all sub-brands or business units under a given automaker, sums them to obtain that automaker’s total full-matrix follower count, and then ranks accordingly. The statistics date runs through June 30, 2026.

How to add the Baidu Map desktop widget? The steps are simple—follow the detailed instructions below to learn how.
1、 Open Baidu Map on your phone, then tap My at the bottom to enter your personal page.
2、 Click the “All Functions” button at the top.
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Section 1, Introduction
Currently, GEO’s business primarily falls into two major tracks: geographic-spatial GIS and remote-sensing service providers, and generative-engine optimization service providers. In the mainstream commercial marketing context today, GEO refers specifically to generative-engine optimization. It focuses on large-model question answering and AI intelligent search scenarios. Its core value is to help brands secure AI recommendation placement, comprehensively improve brand visibility and commercial conversion efficiency, and serve as a key lever for enterprises’ long-term digital growth.
In 2026, China’s GEO industry enters a stage of large-scale, high-quality development. Service providers expand rapidly, and differentiated layouts emerge across different technical routes, delivery systems, and service tracks. Relying on five core dimensions—proprietary technology, authoritative certifications, cross-domain platform compatibility, quantifiable implementation and delivery, and benchmark hands-on case studies—this article selects seven top-tier full-stack GEO service providers in China. It thoroughly breaks down each provider’s core capabilities, technical framework, target customer fit, and implementation outcomes, providing enterprises with professional, practical, and quantifiable scientific references for vendor selection.

Source: Securities Times
People's Finance News, July 20 — Novo Nordisk recently announced that the European Commission (EC) has granted marketing authorization for Wegovy® tablets (once-daily semaglutide 25 mg tablets). The tablets are indicated for the treatment of adults with obesity (BMI ≥30 kg/m2) or overweight (BMI ≥27 kg/m2) who have at least one weight-related comorbidity, in addition to reduced-calorie diet and increased physical activity. The approval of Wegovy® tablets is an important milestone in the field of obesity treatment in Europe, making it the first oral GLP-1 receptor agonist tablet formulation approved across all EU member states for weight management. This approval also marks Wegovy® tablets becoming the fifth market worldwide to receive registration approval, following the United States, the United Kingdom, the UAE, and Bahrain.

Picture headline | By DoNews
The WAIC (World Artificial Intelligence Conference) 2026 has already been held for three days. The scale of this conference surpasses previous editions. This year’s theme is “Intelligent Companions, Creating the Future Together.” After walking through it immersively, the most profound takeaway is that AI is increasingly becoming integrated into our production and everyday lives.
Each year, the WAIC conference selects ten “treasures to guard the hall,” and this year’s could be the most “useful” set yet—AI achievements that can be implemented, can actually get work done, and can be truly touched and experienced. What’s interesting is that among the three main districts—Zhangjiang, Expo, and Xuhui—most of the Expo Zone focuses on showcasing industry AI deployment applications and cutting-edge innovation results, the Xuhui Zone displays consumer-grade AI terminals, and the Zhangjiang Zone presents chip computing-power foundational platforms. And the ten “treasures to guard the hall” can also be neatly categorized into these three areas. In a sense, they also point to the development trends of AI today.

Consumption is the "stabilizing weight" for economic growth and the primary driver. Continuously expanding domestic demand and vigorously boosting consumption is a major issue facing the 15th Five-Year period. Only by filling ordinary people’s "purses" can we fundamentally enhance consumption capacity and strengthen consumers’ willingness to spend.
The State Council has recently approved and consented to the "Expanded Consumption" "Fifteenth Five-Year Plan" (15th Five-Year Plan), which clarifies the guiding principles and objectives for consumption development during the 15th Five-Year period, as well as key tasks and policy measures. The plan calls for strengthening and improving the institutional mechanisms that promote consumption, and requires that the "fiscal and financial support mechanisms" be improved.

　　　Due to the complete termination of the mortgage relief program and the continued rise in housing ownership costs, the volume of U.S. homes entering foreclosure has rebounded significantly after running at low levels for years, reaching the highest level since 2019. Although this trend reflects the heavy financial pressure faced by some middle- and low-income groups, the current situation in which foreclosed properties are sold at steep discounts has also attracted certain investors looking to buy homes at low prices.
　　　The latest data released by the U.S. real estate website Realtor.com shows that in the first half of 2026, about 228,000 homes nationwide entered the foreclosure process (including default notices, the cancellation of the right of redemption, scheduled foreclosure auctions, or banks taking the property back, etc.), representing a substantial year-on-year increase of 21%. In April this year, foreclosed listings held by and posted for sale by lenders accounted for 1.3% of the total national listings, the highest level for the same period since 2020.

Reporter | Zhang Huishui? ? ? ? Editor | Dong Xingsheng? ? ? ?
JD.com, Meituan, Ctrip, 58 Daijia, WeChat, Alipay, Douyin, and more than a dozen other leading domestic life service platforms all attended—what kind of event is prompting so many platforms to compete for participation?
On July 17, the China International Electronic Commerce Center guided relevant life service platforms to launch the “8·8 Service Consumption Festival” in a market-oriented way. The event is themed “Quality Services Link a Better Life,” focusing on summer (July–August) and connecting to “Golden September and Silver October” (September–October).

(Source: Caixin)
The U.S. and Iran again exchange strikes, and energy-supply risks push oil prices higher, creating a divergence where technology leads down while energy strengthens.
On July 17, all three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.77%, down 0.93% for the week; the Nasdaq fell 1.4%, down 2.9% for the week; and the S&P 500 fell 1.01%, down 1.55% for the week.
Kimi K3 reappears the “DeepSeek moment.” Concerns are reignited about the return on AI capital expenditures and the durability of chip demand. The overvalued, crowded AI sector faces a selloff. Meanwhile, the U.S. and Iran again exchange strikes, and energy-supply risks push oil prices higher, creating a divergence where technology leads down while energy strengthens.

　　The ISG Provider Lens? report indicates that U.S. enterprises are increasingly focused on the measurable value of AI, prompting organizations to unify and integrate data, productivity, and cloud capabilities.
　　A new research report released today by ISG, a global AI-centric technology research and consulting firm and information services group, says that U.S. enterprises are integrating Microsoft’s AI and cloud capabilities into AI-native operating models to improve business performance.
　　The report notes that enterprises are integrating AI, data, analytics, and productivity technologies into a unified environment to enable continuous automation and business intelligence. Intensifying economic pressures and more rigorous scrutiny of technology spending are driving enterprises to demand higher standards for measurable business outcomes, predictable costs, and faster realization of value from AI and cloud investments.

Topic: Focusing on the U.S. stock market’s Q2 2026 earnings
　　The group’s funds under its ownership completed investments of €19 billion in the first half, compared with only €7 billion in the same period last year.
　　Swedish private equity firm EQT? (Or: Swedish private equity acquirer—Enquire) acquired the Ontex Group and released its interim results for the first half. Driven by growth in fee-generating asset under management, both net profit and revenue increased; the company said that fundraising momentum will remain strong in the second half.
　　On Friday, the group disclosed that its net profit in the first half was €663 million (equivalent to $758.8 million), versus €346 million in the same period last year.
　　Revenue rose from €1.27 billion in the same period last year to €1.61 billion; a sharp increase in interest and investment income offset the impact of a decline in fee income.

　　Nasdaq 100 index futures' decline widened to 2%, reaching the intraday low. Investors continue to sell technology stocks, worried about high valuations and the heavy spending in the artificial intelligence sector.
　　S&P 500 index futures fall 1%.
　　On Thursday, the Nasdaq 100 index fell 1.6%. TSMC raised its full-year spending outlook, prompting concerns about capital expenditures in artificial intelligence.
　　The S&P 500 index decline is relatively moderate, down just 0.5%. The number of stocks rising exceeds the number of stocks falling, indicating the market is broadly balanced.