(1) Stock Market News

‧ U.S. Market

The Dow Jones closed up 203 points or 0.5% at 40,743 points; the S&P 500 continued to fall by 0.5%, closing at 5,436 points; the NASDAQ still fell by 1.28%, closing at 17,147 points.

‧ Hong Kong Market

The Hang Seng Index closed down 235 points at 17,002 points. Total market turnover for the day increased to over 89.9 billion yuan. The technology index fell by more than 1%, closing at 3,414 points.

‧ Mainland Market

The Shanghai Composite Index closed at 2,879 points, down 12 points or 0.43%, with a turnover of 269.477 billion yuan. 

The Shenzhen Component Index closed at 8,468 points, down 46 points or 0.54%, with a turnover of 33 billion yuan. The CSI 300 Index reported at 3,369 points, down 21 points or 0.63%; 

the ChiNext Index reported at 1,630 points, down 4 points or 0.29%.

(2) Economic News

‧ The Exchange Fund's investment income for the first half of the year was 104 billion yuan, a year-on-year decrease of 10.65%. The Chief Executive of the Monetary Authority, Norman Chan, 

said that looking ahead to the second half of the year, the direction of policy interest rates, global growth prospects, and geopolitical tensions will bring uncertainty to the investment environment.

‧ The Director of the National Development and Reform Commission, Zheng Shaojie, said that efforts should be accelerated to cultivate and strengthen emerging industries. Implement the national strategic 

emerging industry cluster development project, consolidate and enhance the competitive advantage of the new energy vehicle industry chain, systematically promote the extensive application of Beidou, 

actively cultivate gazelle enterprises and unicorn enterprises, and guide the healthy and orderly development of emerging industries.

‧ Guangdong plans to issue a total of up to 7.5 billion yuan in offshore RMB local bonds in Hong Kong and Macau. The Guangdong Provincial Department of Finance said that it plans to issue up to 

5 billion yuan in offshore RMB local bonds for the first time this year, in addition to continuing to issue up to 2.5 billion yuan in offshore RMB local bonds in Macau, with a bond term of no more than 5 years.

(3) Corporate News

‧ Standard Chartered Group (02888) has restructured its commercial and investment banks. The Chief Executive of Hong Kong, Mary Hui, said that Standard Chartered Hong Kong will optimize its staffing 

structure through natural attrition and staff allocation, and will also increase staff in different positions in a timely manner, with the current number of staff remaining stable.

‧ Standard Chartered Group (02888) reported better-than-expected pre-tax profits for the second quarter, in addition to announcing a new round of share buyback plans, the group has also raised 

its revenue growth guidance. Standard Chartered's Hong Kong shares (30th) once rose by 5.6% today, closing at 76.9 yuan, up nearly 5%. Standard Chartered's non-interest income performed strongly, 

with the income from wealth management business growing to a record, sustaining the growth momentum of the second quarter's performance. For the second quarter ending June, the basic pre-tax

 profit increased by 14% to over 1.82 billion US dollars, higher than the internal comprehensive securities dealer's forecast of 1.63 billion US dollars. During the period, the basic operating income, including 

net interest income, increased by 5%. In the first half of the year, the basic pre-tax profit increased by nearly 20% to over 3.9 billion US dollars, and the interim dividend increased to 9 US cents.

‧ Xiaomi spent 842 million yuan to purchase a plot of land of about 53 hectares in Beijing to expand the production capacity of electric vehicles, and the land is adjacent to Xiaomi's electric vehicle factory in Yizhuang.

(4) Corporate Performance Announcements

‧ WuXi AppTec (02359) earned 20% less in the first half of the year, and major banks have different views on the company. For the first half of the year ending June, WuXi AppTec's net profit was over 4.2 billion yuan,

 a 20% decrease year-on-year, with no interim dividend paid. During the period, the revenue was over 17.2 billion yuan, an 8% decrease year-on-year. The United States accounted for 62% of the total revenue 

with 10.7 billion yuan, Europe's revenue increased by more than 5%, and revenue from mainland customers increased by 2%.

‧ Hong Kong's San Miguel Brewery (00236) saw its net profit fall by more than 20% in the first half of the year. For the period ending June, San Miguel Brewery's net profit was 37.618 million yuan, a 22.5% decrease

 year-on-year, with revenue of 378 million yuan, a 9% decrease year-on-year, and no interim dividend paid.

‧ Hang Lung Properties (00101) announced its performance at noon, with a 55% decrease in earnings for the first half of the year, and a 22% decrease in basic net profit excluding property revaluation losses, 

but revenue increased by 16%, and the interim dividend decreased by 33% year-on-year. Hang Lung Properties' share price plummeted in the afternoon, once falling to 5.92 yuan, a 7.4% drop,

 and then slightly narrowed, with the latest report at 5.95 yuan.