According to Bloomberg, the asset management giant BlackRock's iShares MSCI South Korea ETF (EWY) saw net inflows of over $2.8 billion last week, setting a single-week record and far exceeding the $1.2 billion record set in February this year. Approximately 25% of its holdings have been allocated to SK Hynix. Data shows that South Korean investment products attracted a total net inflow of $3.03 billion last week, ranking first globally. During the same period, U.S.-listed emerging market ETFs saw total net inflows of $4.39 billion, the highest since February 27. Among them, equity ETFs absorbed $4.22 billion, while bond funds saw inflows of $164 million.
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Bloomberg: BlackRock's South Korea ETF Allocates About a Quarter of Holdings to SK Hynix
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Beijing to Establish Token Factories in the Second Half of the Year
On July 21, the Beijing Municipal Bureau of Economy and Information Technology reported that in the first half of the year, the city's digital economy grew by 7.8%, with the core industries of the digital economy increasing by 9.8%, significantly contributing to the city's GDP growth. In the second half of the year, Beijing will promote comprehensive empowerment through artificial intelligence, advancing applications such as intelligent translation and simultaneous interpretation in the cultural and tourism consumption sectors. The Bureau will focus on the annual key tasks for building a benchmark city for the digital economy, implementing the 'Artificial Intelligence +' action plan, and fully unleashing new momentum for the intelligent economy. Policies for the development of the Token economy will be formulated, focusing on key aspects such as Token production, distribution, and application, with plans to establish Token factories and distribution platforms, promoting innovative applications in key areas such as industry, education, and cultural tourism. An 'Innovate for the Future' OPC special roadshow event will be held to stimulate the creative energy of super individuals in AI applications. High-quality training courses on AIGC aimed at OPC will be developed to unlock the value of AIGC technology. Leveraging the Open Source Chip Research Institute and the Beijing Tongminghu Information Technology Application Innovation Center, a 'RISC-V + AI OS' open-source ecosystem will be created, building a full-stack autonomous technology system from chip instruction sets to operating systems to intelligent applications. (Xinjingbao) -
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BlackRock, Hillhouse, and Temasek Reportedly to Become Cornerstone Investors for Zhongji Innolight's Hong Kong IPO
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