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Sector News

-The State Council executive meeting reviewed and approved the Opinions on Deepening the Implementation of the “AI Plus” Initiative, which emphasized to vigorously promoting the large-scale and commercial application of AI.

-MIIT and 7 other departments jointly issued the Implementation Plan for the Digital Transformation of the Machinery Industry, which sets a target that by 2027, digital and intelligent technologies will be widely applied in product R&D, manufacturing, operations management, and maintenance services. Additionally, over 50% of enterprises are expected to achieve a smart manufacturing capability maturity level of 2 or higher, and no fewer than 200 world-class smart factories will be established.

Financial

-MoF and State Tax Administration announced that, starting from Aug8, 2025, value-added tax (VAT) will be reinstated on interest income from newly issued government bonds, local government bonds, and financial bonds on or after that date. For those issued before, the VAT exemption will remain in effect until maturity of bonds.

Policy

-The State Administration for Market Regulation has issued the Compliance Guidelines for Charging Practices on Online Trading Platforms, aiming to further regulate the charging behaviors, including the collection of commissions, service fees, membership fees, technical service fees, information service fees, and etc.

Aug 1 Block Trade Info

*Discount

-Longcheer Tech (603341 CH) saw 2 block trades worth 156.83mn at 35.73yuan per share, 10.88pct discount from last closing.

-Yanhu Industry (000792 CH) saw 1 block trade worth 952.94mn at 17.98yuan per share, 0.06pct discount from last closing.

-Sed Industry (000032 CH) saw 2 block trades worth 228.75mn at 24.18yuan per share, 2.38pct discount from last closing.

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