(1) Stock Market News

‧ US Market

At the close of the US market, the Dow Jones fell 49 points or 0.12%, reporting 40,539 points; the S&P 500 rose 0.08%, reporting 5,463 points; the Nasdaq rose 0.07%, reporting 17,370 points.

‧ Hong Kong Market

The Hang Seng Index rose 217 points at the close, reporting 17,238 points. The total daily turnover of the market was reduced to over 84.7 billion yuan. The Technology Index rose 22 points, reporting 3,466 points.

‧ Mainland Market

The Shanghai Composite Index closed at 2,891 points, rising less than 1 point or 0.03%, with a turnover of 260.095 billion yuan. 

The Shenzhen Component Index closed at 8,514 points, falling 82 points or 0.96%, with a turnover of 325.845 billion yuan. The CSI 300 Index reported 3,390 points, falling 18 points or 0.54%;

the ChiNext Index reported 1,635 points, falling 23 points or 1.44%.

(2) Economic News

‧ Wang Jun, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and former head of the State Taxation Administration, 

said that increasing local autonomous financial resources through reform is an important content of the fiscal and tax system reform in the "Decision of the CPC Central Committee on Further Comprehensively 

Deepening Reform and Promoting Chinese-style Modernization" passed by the 20th Third Plenary Session. It is also a breakthrough point that is currently urgent, highly consensual, and of great strategic significance, 

and should be prioritized for advancement and effective implementation.

‧ Huhu Delivery announced the results of the second quarter "Restaurant Confidence Index" survey. The survey was conducted from July 1st to 12th, and the results showed that 57% of local restaurants 

expected hot weather to drive the growth of takeaway orders.

‧ Hong Kong's retail industry benefited from the reopening of borders in the first quarter of this year and recovered, but soon fell into a standstill, with the retail market becoming increasingly severe. 

The Wharf Group issued profit warnings, with Wharf Real Estate (01997) expecting a loss of at least 900 million yuan in the first half of the year, and Wharf Holdings (00004) estimating a loss of 2.5 to 2.8 billion yuan. 

The stock price of Wharf Real Estate fluctuated this morning (29th).

‧ The Statistics and Census Bureau of Macao announced that the number of inbound group tourists in the first half of the year was 968,000 person-times, an increase of 1.7 times year-on-year, of which 851,000 were 

domestic group tourists, an increase of 1.4 times; international group tourists were 102,000 person-times, an increase of 8.4 times.

(3) Company News

‧ The hearing is being held in the High Court. According to the lawyer representing Country Garden, it is expected that the main creditors will reach an agreement on the terms of the debt before the end of September, 

plan to announce the offshore debt restructuring plan in October, and estimate that the plan will be approved in early next year, and the judge will postpone the hearing to January 20th next year.

‧ HSBC (00005) announced that on July 26th, it repurchased 1.75 million shares in Hong Kong, at an average price of 66.1881 yuan, involving a capital of about 116 million yuan. After purchasing these shares,

 the repurchase has been completed.

‧ China Life Group's China Life Investment Company disclosed at the first half of 2024 work meeting that the company's entrusted business volume has steadily increased, with the managed scale exceeding 

550 billion yuan, and an additional investment of more than 50 billion yuan in the first half of the year; the third-party business has set a new high, with the managed scale exceeding 110 billion yuan.