[Brokerage Focus] Citic Sec points out the gradual turning point for L4 autonomous driving commercialization.

CITIC Securities stated that the commercialization of L4 autonomous driving is gradually turning the corner. Recently, high-level autonomous driving is facing intensive catalysis. On the policy side, the country and various regions are orderly promoting legislation and pilot work. Among them, the Beijing Municipal Economic and Information Bureau's "Beijing Autonomous Driving Car Regulations (Consultation Draft)" provides a relatively complete, clear, and predictable system specification for the operation of L3/L4 autonomous driving, which is expected to play a demonstration effect in the capital. In terms of the industry, Baidu's Luobo Kuaipao is being widely deployed in Wuhan, with plans to complete deployment of thousands of units within the year and is expected to achieve overall profitability by 2025; cost reductions and efficiency improvements.

金吾財訊Jul 11 03:27 ET

Special guest Ye Shangzhi: China's special consultant continues to retract, and Hong Kong stocks' support weakens.

On July 10th, the Hong Kong stock market rose and then fell back, and the intraday decline was not too large, but overall it still failed to get rid of the running mode of repeated downside. Please be aware of the tendency for further retracement in the short term market. The Hang Seng Index fell more than 50 points and closed below 17,500 points, the first time since April 25th. The market volume rose to more than 100 billion yuan, but still lower than the daily average of 109.7 billion yuan this year. The market liquidity has not yet improved. In terms of trend, the Hang Seng Index is still restricted by the micro-wave top below 18,133 points, and the development mode of one wave lower than one wave has not improved. The market is estimated to continue downward.

金吾財訊Jul 10 23:26 ET

[Special Guest V] Deng Shengxing: Weak Mainland data combined with the US not lowering interest rates at the end of the month, Hong Kong stocks lack rebound strength.

On Wednesday (10th), the Hang Seng Index closed at 17471, down 51 points or 0.29%. The trading volume of the whole market was 102.3 billion yuan. The national index fell 0.39% to close at 6251, also the fourth consecutive day of decline; the science index fell 0.01% to 3600. The PPI of mainland industrial producers is still weak, and the Hong Kong stock rebound is lackluster, rising over 200 points during the day before falling and closing, and continuing to decline for the fourth consecutive day, with a total decline of 556 points or 3.1%, falling below the 250-day bull and bear line.

金吾財訊Jul 10 21:34 ET

[Brokerage Focus] Bocom Intl maintains buy rating for Baidu (09888), but AI search transformation is still expected to have negative impact on its business.

Bocom intl released research reports that Wuhan and Beijing have successively solicited opinions on the development of autonomous driving cars. The Wuhan government supports the development of autonomous driving, with core data ranking first in the country and multiple landing scenes such as cross-regional, cross-river, and airports. Beijing's autonomous driving demonstration zone is steadily advancing, issuing more than 380 automatic driving test licenses to enterprises including baidu Robo Run, covering 7 districts and about 600 square kilometers. The operating cost reduction of baidu Robo Run depends on the introduction of remote security personnel and the production of new car models. When remote security personnel are introduced, the layout of RT6 (a new model with single vehicle cost reduced to 0.25 million yuan) is carried out.

金吾財訊Jul 10 20:53 ET

"China ChatGPTs" struggle to attract customers.

Over a month ago, as Tencent officially launched the independent AIGC app 'Tencent Yuanbao', the 'BAT' finally gathered in the AI big model C-end product race track. In this AI application era, who can create the 'WeChat of the AI era' is highly anticipated.

wallstreetcnJul 10 09:29 ET

Baidu Climbs After Beijing Proposes Draft Rules for Robotaxis - Report

Baidu's (NASDAQ:BIDU) stock jumped about 10% in Hong Kong on Wednesday after Beijing authorities said on Tuesday that they will support the introduction of robotaxis in ride hailing and car rental fleets in the city, Bloomberg News reported.

Seeking AlphaJul 10 05:25 ET