On July 21, the ChiNext index rose over 7%, with the semiconductor industry chain surging across the board. Concepts such as memory chips, CPO, and lithography machines led the gains. Among the constituent stocks, more than 25 stocks, including Sanhuan Group, Beijing Junzheng, Zhongji Innolight, and Jiangbo Long, rose over 10%.
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ChiNext Index Rises Over 7%, Semiconductor Chain Surges
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Kalshi Applies to CFTC for Gold-Linked Perpetual Futures
On July 21, prediction market platform Kalshi submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch gold-linked perpetual futures. (Jin Shi) -
Official Meeting Between Interior Ministers of Iran and Pakistan Has Begun
On July 21, according to the Iranian Students' News Agency, the official meeting between the Interior Minister of Iran and the Interior Minister of Pakistan began a few minutes ago. -
Beijing: In-depth Implementation of 'AI+' Action Plan in the Second Half of the Year with Special Support Policies for Embodied Intelligence Enterprises
On July 21, according to the Beijing News, the Beijing Municipal Bureau of Economy and Information Technology announced that in the second half of the year, it will focus on the annual key tasks of building a benchmark city for the digital economy and deeply implement the 'AI+' action plan to fully unleash new momentum for the intelligent economy. The plan aims to advance the comprehensive empowerment of artificial intelligence. It will promote AI-enabled new industrialization, establish R&D and pilot platforms for AI in the industrial sector, and enhance the application level of AI in core industrial production processes. Special support policies for computing power and datasets for embodied intelligence enterprises will be introduced to accelerate the iteration of core technologies such as embodied large models and motion control, leveraging embodied intelligence to drive industrial transformation and improve quality of life. The construction of a national (medical) AI application pilot base will be expedited, linking top-tier hospitals, research institutions, and technology companies to address the bottlenecks in the translation of medical intelligence from the laboratory to clinical application. The application of intelligent translation and simultaneous interpretation in the cultural and tourism consumption sectors will be promoted, expanding the range of languages and achieving hardware-software synergy. Additionally, a non-site intelligent supervision system for food safety will be improved to form a complete regulatory chain of intelligent early warning, remote inspection, and rapid response. -
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) -
Changxin Technology: Online Investors Abandon Subscription of 6,586,227 Shares
On July 21, Changxin Technology (688825.SH) announced the results of its initial public offering on the STAR Market. The issue price was 8.66 yuan per share, with an initial offering of 6,688,088,608 shares, accounting for approximately 10% of the total post-issuance share capital. The final strategic placement was 1,667,064,720 shares, and the final online issuance lot-winning rate was approximately 0.47141739%. Online investors subscribed and paid for 3,844,517,273 shares and abandoned 6,586,227 shares; offline investors subscribed and paid for 2,173,101,821 shares and abandoned 31,567 shares. The joint lead underwriters underwrote 6,617,794 shares, with an underwriting amount of 57.3101 million yuan. Before the exercise of the over-allotment option, the issuance expenses were 281 million yuan. -
Insiders: China and US to Hold AI Talks in September on Frontier Model Regulation
According to Reuters citing five informed sources, China and the United States plan to hold AI-related talks in September to discuss regulatory risks posed by increasingly powerful frontier AI models. Sources said the US side is expected to be led by Treasury Secretary Scott Bessent, and both sides are still finalizing the participants, agenda, and meeting location. (CNBC) -
US President Trump May Impose New Tariffs on Dozens of Countries Within This Week
July 21, according to the Financial Times: US President Trump may impose new tariffs on dozens of countries within this week. -
Montage Technology: DDR5 RCD Chip Shipments Surge; Rising CPU Demand to Expand Memory Interconnect Chip Market
On July 21, Montage Technology (688008.SH) released an investor relations activity record announcement. The company benefited from the AI industry trend in the first half of the year, with strong industry demand, increased DDR5 penetration rate and continuous sub-generation iterations. The company's DDR5 RCD chip shipments increased significantly, with the proportion of third and fourth generation RCD chip shipments further rising. Revenue from new interconnect chip products such as MRCD/MDB, PCIe Retimer, CKD, and CXL MXC chips also climbed significantly. The company plans to complete the engineering development of the third-generation MRCD/MDB chip this year. The industry expects MRDIMM to start from large-scale application in the next two to three years and gradually enter the ramp-up penetration phase. Increasing CPU demand will drive up memory module usage, thereby expanding the memory interconnect chip market. In addition, the growing importance of CPUs in AI system architecture will synchronously drive demand for other CPU-related interconnect chips, including PCIe and CXL interconnect chips. The CXL 3.1 MXC chip has been sent to key customers for sample testing, and its penetration rate in data centers is expected to increase rapidly in the coming years. The PCIe 6.x/CXL 3.x Retimer chip is actively cooperating with customers for testing and validation, with the industry expecting it to enter the large-scale application stage by 2027. The company plans to complete the tape-out of the Ethernet PHY Retimer chip engineering samples this year. -
National Supercomputing Internet Launches Kimi K3 API Service
July 21 news, the National Supercomputing Internet recently launched the Kimi K3 model API call service. Enterprises and developers can quickly call the large model capabilities without tedious environment configuration. Currently, the API is compatible with OpenAI and Anthropic interface specifications, supporting rapid and low-cost construction of diverse AI applications. In addition, the Supercomputing Internet also launched the '100,000 Blocks' co-creation plan, opening a one-stop MaaS service. (Interface News) -
BlackRock, Hillhouse, and Temasek Reportedly to Become Cornerstone Investors for Zhongji Innolight's Hong Kong IPO
On July 21, according to Bloomberg, people familiar with the matter said that BlackRock, Hillhouse, and Temasek will become cornerstone investors for Zhongji Innolight's potential $8 billion Hong Kong listing plan. These cornerstone investors are expected to subscribe to nearly half of the issuance size, in exchange for guaranteed allocation quotas to hold the stock for a fixed period (usually six months). Zhongji Innolight plans to start accepting investor subscriptions as early as Wednesday, which could become the largest equity offering in Hong Kong in seven years.
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