2.在OpenAI筹集更多资金之际，其研究人员正试图推出一款新的人工智能产品，目标是最快今年秋天推出代号为草莓的AI产品，作为聊天机器人的一部分——有可能是在ChatGPT中。参与这项工作的研究员称，草莓“可以解决它以前从未见过、目前聊天机器人无法做到的数学问题，也被训练用于解决涉及编程的问题。①The Ministry of Finance and four other departments jointly issued a notice to improve the policy of duty-free shops in the city. ②OpenAI may launch the reasoning AI product 'Strawberry' as early as this fall. ③Goldman Sachs and Morgan Stanley have both lowered their international oil price expectations. ④The directors of the Federal Reserve Banks of Chicago and New York agreed to cut the discount rate at the July meeting.
Focus on hotspots:
1. Five departments jointly issued a notice to improve the policy of duty-free shops in the city. According to the policy, the existing 6 city duty-free shops will be subject to the 'Interim Measures for the Management of City Duty-Free Shops.' The existing 13 foreign exchange duty-free shops will be transformed into city duty-free shops within 3 months and will begin operations after passing the customs inspection. At the same time, 1 city duty-free shop will be established in 8 cities. If the related arrangements are successfully completed, the number of city duty-free shops in China will increase from the current 6 to 27.
2. As OpenAI raises more funds, its researchers are trying to launch a new artificial intelligence product, aiming to release an AI product codenamed 'Strawberry' as early as this fall, as part of a chatbot - possibly in ChatGPT. Researchers involved in this work say 'Strawberry' "can solve math problems it has never seen before, currently impossible for chatbots, and has been trained to solve programming-related problems.
3. Despite ongoing geopolitical risks in the Middle East, Wall Street has begun to feel disappointed about next year's crude oil outlook. As global oil supply increases, both Goldman Sachs and Morgan Stanley have recently lowered their oil price forecasts.
These two banks currently project that the average price of Brent crude oil worldwide will be below $80 per barrel in 2025. Goldman Sachs has revised its forecast for the average price of Brent crude oil in 2025 to $77 per barrel, while Morgan Stanley expects it to be between $75 and $78 per barrel. At the same time, both companies expect a surplus in the global crude oil market, with oil prices trending downwards over the next 12 months.
4. The minutes of the Federal Reserve discount rate meeting released on Tuesday showed that the board members overseeing the Federal Reserve Banks of Chicago and New York voted in favor of cutting the discount rate by 25 basis points in July. In last month's vote, 10 out of 12 regional Fed banks hoped to keep the discount rate at 5.5%, while the Federal Reserve Banks of Chicago and New York wanted to cut it to 5.25%. The Fed maintained the target range for the interest rate at 5.25%-5.5% at the July monetary policy meeting and kept the discount rate at 5.5%.
Global Index
In the US stock market, as of the close, the Dow Jones Industrial Average rose 0.02% to 41,250.50 points; the S&P 500 index rose 0.16% to 5,625.80 points; the Nasdaq index rose 0.16% to 17,754.82 points.
Large-cap technology stocks saw mixed performance, with Apple up 0.37%, Microsoft up 0.08%, Nvidia up 1.46%, Tesla down 1.88%, Google down 0.89%, Amazon down 1.36%, Meta down 0.39%.
Popular Chinese concept stocks have mixed performances, with the Nasdaq China Golden Dragon Index rising 0.39%. Alibaba fell 0.38%, JD.com rose 2.25%, PDD Holdings fell 4.09%, NIO Inc. fell 0.74%, xpeng rose 6.52%, Li Auto Inc. rose 2.36%, Bilibili rose 1.47%, Baidu fell 1.62%, NetEase rose 1.26%, Tencent Music rose 0.28%, and IQiyi fell 2.38%.
In the Hong Kong stock market, as of the close on Tuesday, the Hang Seng Index rose 0.43% to close at 17,874.67 points; the technology index fell 0.05% to close at 3,501.29 points; the Hang Seng China Enterprises Index rose 0.44% to close at 6,306.36 points.
In terms of individual stock performance, coal, petroleum, and electrical utilities stocks have performed well, while consumer electronics and gold stocks have shown a slight weakness.
Company News:
China National Building Material (03323.HK): The revenue for the first half of the year was CNY 83.471 billion, a decrease of 18.46% year-on-year; a net loss of CNY 2.018 billion.
China Taiping (00966.HK): Insurance service revenue for the first half of the year was HKD 55.875 billion, an increase of 3.2% year-on-year; net income was HKD 6.027 billion, an increase of 15.4% year-on-year.
Sunshine Insurance (06963.HK): Revenue for the first half of the year was 42.449 billion yuan, a year-on-year growth of 8.9%; net profit was approximately 3.143 billion yuan, a year-on-year growth of 8.57%.
Zhongan Online (06060.HK): Total revenue reached approximately 16.035 billion yuan, a year-on-year growth of 12.7%. Net profit was 55.467 million yuan, a year-on-year growth of 113.08%.
Anta Sports (02020.HK): Revenue for the first half of the year was 33.735 billion yuan, a year-on-year increase of 13.8%; net profit was 7.72 billion yuan, a year-on-year growth of 62.6%.
Skyworth Group (00751.HK): Total revenue for the first half of the year was 30.153 billion yuan, a year-on-year decrease of 6.6%; net profit was 0.384 billion yuan, a year-on-year increase of 27.2%.
China Oilfield (02883.HK): Revenue for the first half of the year was 22.497 billion yuan, a year-on-year increase of 19.3%; net profit was 1.592 billion yuan, a year-on-year growth of 18.9%.
Nongfu Spring (09633.HK): Revenue for the first half of the year was 22.173 billion yuan, a year-on-year increase of 8.36%; net profit was 6.24 billion yuan, a year-on-year increase of 8.04%.
Haidilao (06862.HK): Revenue for the first half of the year was approximately 21.491 billion yuan, a year-on-year growth of 13.79%; net profit was approximately 2.038 billion yuan, a year-on-year decrease of 9.74%.
Evergr Vehicle (00708.HK): Expected comprehensive net loss for the first half of the year is approximately 20.254 billion yuan, an increase of nearly 195% compared to the same period last year.