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Policy

-Beijing issued the notice on further optimizing and adjusting relevant policies of Real Estate, which will come into effect on August 9, 2025. According to the notice, there is no limit on the number of residential families who meet the purchase conditions of commercial housing in Beijing.

Co’s focus

-Huawei will release the breakthrough technical achievements in the field of AI reasoning on August 12, which may reduce the dependence of China’s AI inference on HBM (high bandwidth memory) technology, enhance the inference energy of domestic AI large models, and improve the key part of China’s AI inference ecology.

-OpenAI officially released GPT-5.

Data

-According to the data of China Passenger Union, the retail sales of passengercar market was1.826mio vehicles, up 6.3% y/y and down 12.4% m/m. Thecumulative retail sales this year reached 12.728mio units, up 10.1% y/y.

-National Immigration Administration data shows that in the first half of this year, the number of foreigners entering and leaving China exceeded 38mio, up 30.2% y/y.

Aug 8 Block Trade Info

*Discount

-Lakala Payment (300773 CH) saw 13 block trades worth 88.93mn at 21.34yuan per share, 19.99pct discount from last closing.

-S.C. New Energy (300724 CH) saw 13 block trades worth 84.25mn at 59.50yuan per share, 11.56pct discount from last closing.

-Desay SV Auto (002920 CH) saw 7 block trades worth 70.74mn at 94.19yuan per share, 8.82pct discount from last closing.

*Premium

-Centre Testing (300012 CH) saw 3 block trades worth 59.27mn at 12.29yuan per share, 0.99pct premium from last closing.

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