Zhitong Hong Kong stocks have long known | The Federal Reserve has kept interest rates unchanged for the fifth time in a row! Walsh reaffirms 2% inflation target
[Today's headlines]
The introduction of the “15th Five-Year Plan” of the sports industry is expected to drive the prosperity of the entire industry chain
The State Administration of Sports issued a notice on the “Fifteenth Five-Year Plan” to build a strong sports nation. The “Plan” indicates the main development indicators. By 2030, the per capita stadium area will reach about 4 square meters, the proportion of people regularly participating in physical exercise will reach about 40%, the national fitness rate will reach 31.1%, and the total size of the sports industry will exceed 7 trillion yuan. Huachuang Securities pointed out that the policy is being driven significantly from the top down, which is expected to drive demand release and boom in the entire industry chain, including venue facilities, equipment manufacturing, outdoor sports, and event operations.
Notably, Nike is making channel adjustments. Bohai Securities believes that this is beneficial to the sales of domestic local brands to a certain extent. With the support of the “15th Five-Year Plan” sports policy, it is conducive to further promoting the release of domestic related demand and creating a better macro-development environment for local brands.
Hong Kong stocks involving sporting goods include Li Ning (02331), Anta Sports (02020), Tebu International (01368), Taobo (06110), and 361 Degrees (01361).
[General outlook]
The optical communications and storage sectors continued to plummet, and Micron Technology fell nearly 10%
Overnight, the Dow Jones Industrial Average fell 1153.18 points to close at 51594.14 points, or 2.19%; the S&P 500 stock index fell 112.63 points to close at 7316.15 points, or 1.52%; and the Nasdaq Composite Index fell 433.97 points to close at 24442.94 points, or 1.74%.
Major technology stocks generally fell, Nvidia and SpaceX fell more than 3%, Tesla fell nearly 3%, optical communications and storage sectors continued to plummet, Micron Technology fell nearly 10%, Coherent fell more than 8%, US energy stocks rose more than 5%, Occidental Petroleum rose nearly 4%, and ConocoPhillips rose more than 3%.
Most popular Chinese securities rose, and the Nasdaq China Golden Dragon Index rose 1.73%. New Oriental rose more than 15%, Pinduoduo rose more than 3%, and the Hang Seng Index ADR fell. On a proportional basis, it closed at 25668.96 points, down 138.96 points or 0.54% from the Hong Kong closing.
WTI crude oil futures on the New York Mercantile Exchange rose $5.34 for the month to close at $84.6 a barrel, or 6.74%. COMEX gold futures rose $26.80 for the month in a row, or 0.66%, to $4065.5 per ounce.
[Hot Topics Preview]
The Federal Reserve kept interest rates unchanged for the fifth time in a row! Walsh reaffirms 2% inflation target, three officials support rate hikes
The Zhitong Finance App learned that Federal Reserve Chairman Kevin Walsh said on Wednesday that the Fed's decision to keep interest rates unchanged does not mean that the policy has come to a standstill; the central bank will remain firmly committed to achieving the 2% inflation target, and emphasized that the Commission does not have any “soft inflation target.”
After the two-day monetary policy meeting, the Federal Open Market Committee (FOMC) decided with 9 votes in favor and 3 against to keep the federal funds rate target range unchanged at 3.5% to 3.75%, for the fifth time in a row. However, Dallas Federal Reserve Chairman Logan, Cleveland Federal Reserve Chairman Hamak, and Minneapolis Federal Reserve Chairman Kashkari voted to raise interest rates by 25 basis points, indicating that some policymakers increasingly believe that policies need to be further tightened to contain the resurgence of inflationary pressure.
Nine departments issued documents to strengthen data development and utilization in the field of technology finance
The People's Bank of China released news on July 29 that nine departments including the People's Bank of China recently jointly issued the “Notice on Strengthening Data Development and Utilization in the Field of Technology Finance”, which insists on strengthening open sharing and integrated application of data in the field of technology finance, which will provide stronger data support and financial support to accelerate self-reliance and self-improvement in a high level of technology. According to reports, nine departments including the People's Bank of China, the National Development and Reform Commission, the Ministry of Science and Technology, and the Ministry of Industry and Information Technology jointly issued a notice to release the “National Science and Technology Finance Sector Data Development and Utilization Catalogue 1.0”, which covers 8 categories and 26 data indicators, including the list of enterprises and attributes of science and innovation, import and export, investment, investment in R&D, intellectual property rights, innovation capability evaluation, and enterprise demand. Support all regions to form a science and technology finance data development and utilization list with regional characteristics, build supporting information facilities for data development and utilization in the field of science and technology finance at the provincial level, strengthen the interconnection of existing information system resources, and promote the collection and sharing of data information.
Dark Side of the Moon completed the F round of pre-IPO financing and may end early
On July 29, the reporter learned from relevant sources that Kimi, Dark Side of the Moon, recently completed Series F financing. The amount of financing exceeded 3.5 billion US dollars, and the post-investment valuation rose to 35 billion US dollars. Due to exceeding the target amount by several times, the current round of financing was closed early.
China Resources Shuanghe, a subsidiary of China Resources Pharmaceutical (03320), plans to acquire about 23.5% of Lier Chemical's shares for 5.656 billion yuan
After completion, China Resources Shuanghe will hold about 23.50% of Lier Chemical's shares and will become the largest shareholder of Lier Chemical, and Lier Chemical will be recorded as a non-wholly-owned subsidiary of the company. Lier Chemical and its subsidiaries are mainly engaged in R&D, production and sales of effective pesticide ingredients and pesticide formulations with high efficiency, low toxicity, low residue and safety. Lier Chemical's shares have been listed on the Shenzhen Stock Exchange since July 2008 (stock code: 002258).
Quanxin Bio-B (02509) partner Caldera Therapeutics plans to merge with Synlogic to list on NASDAQ and raise US$278 million at the same time
According to Zhitong Finance App, Quanxin Bio-B (02509) announced that on July 29, 2026, the company's partner Caldera Therapeutics, Inc. (OTC market code: SYBX) (Synlogic) entered into a final merger agreement to carry out a full stock transaction merger. The merger will be realized through Caldera Therapeutics and Synlogic becoming wholly-owned subsidiaries of a newly formed holding company. Once completed, the merged company will operate under the name Caldera Therapeutics, Inc. and is expected to trade under the stock symbol “CALD” on the NASDAQ capital market.
Zijin Mining (02899): Zijin Gold International (02259) terminated the acquisition of United Gold and plans to acquire 9.2% of its shares by subscribing for targeted additional shares
Zhitong Finance App News, Zijin Mining (02899) and Zijin Gold International (02259) made a joint announcement regarding Zijin Gold International's intention to acquire Allied Gold Corporation (United Gold, the Toronto Stock Exchange and the New York Stock Exchange, stock code is AAUC). On January 26, 2026, Zijin Gold International, of Zijin Mining Holdings, signed an “Arrangement Agreement”, agreeing that Zijin Gold International will acquire all of Union Gold's issued common shares at a cash price of 44 Canadian dollars/share, with a total purchase consideration of about 5.5 billion Canadian dollars (about 4 billion US dollars).
Ruibo Bio-B (06938) expects to achieve revenue of about 311 million to 436 million yuan in the first half of the year, an increase of about 200% to 320% year-on-year
Zhitong Finance App News, Ruibo Bio-B (06938) announced that the group expects to obtain revenue of about 311 million to 436 million yuan in the first half of 2026, an increase of about 200% to 320% over the same period in 2025, mainly due to partial confirmation of license revenue under the Group's exclusive global licensing cooperation with Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL), as well as revenue confirmed when the Group cooperated with Boehringer Ingelheim International to reach milestones. The development and commercialization of small interfering RNA (siRNA) therapy for steatohepatitis associated with metabolic dysfunction (MASH) formed the main driving force for the Group's revenue growth during the reporting period.
BYD passed the new national standard certification for L2 assisted driving
On July 29, according to BYD Auto, BYD passed the new national standard certification for L2 assisted driving.
Pilot Intelligence (00470): Folding screen chip-level polymer 3D printing equipment has achieved batch delivery and mass production verification
Pilot Intelligence said on an interactive platform on July 29 that the company's folding screen chip-level polymer 3D printing equipment has achieved batch delivery and mass production verification, and has been highly recognized by customers. Currently, the company is relying on this technical solution to actively carry out technical docking, solution verification and production line introduction cooperation for folding screen projects with many leading domestic and foreign terminal brands; related equipment platforms have adaptability and expansion capabilities, and the company will continue to carry out product development and market expansion in line with the needs of downstream customers.
Siwei Technology (01202) is pleased to announce consolidated net profit of about RMB 80.72 million for the first half of the year
According to the announcement, the increase in the company's consolidated net profit was mainly due to the explosive growth in demand for AI data centers and other applications this year, and the optical fiber market price rose rapidly in the short term, driving the company's profit growth.
HKT-SS (06823) Announces Interim Results Profit attributable to share holders increased 4% year-on-year to HK$2.153 billion with HK$34.8 cents per share
Among them, revenue from local data services increased 6% to HK$7.265 billion, driving revenue from local telecommunications services increased 3% to HK$9.014 billion. Local data services are the largest component of the local telecommunications services classification, accounting for 81% of revenue. Revenue from pay TV services increased to HK$1,169 million, while revenue from local telephone services increased to HK$853 million.
Fosun International (00656) announced Yingxi: Expected net profit of about 1.5 billion to 1.8 billion yuan in the first half of 2026
The board of directors believes that this increase is mainly due to the strong resilience of core industries in the first half of 2026, steady improvement in operating quality, and a significant increase in industrial operating profit compared to the same period last year. Earlier public information showed that since 2026, Fosun International's fundamentals have remained steady, and core industries such as medicine and health, insurance and finance, and cultural tourism consumption have continued to show a good development trend.
New Oriental-S (09901) announced annual results, net profit attributable to shareholders of US$475 million, an increase of 27.8% year-on-year
Net revenue for the fiscal year ended May 31, 2026 was approximately US$5.661 billion, an increase of 15.5% over the previous year. Operating profit was approximately US$643 million, up 50.2% year over year. Net profit attributable to shareholders was US$475 million, an increase of 27.8% over the previous year.
Zhongji Xuchuang (03308) closed the dark market and fell more than 1%
On July 29, Zhongji Xuchuang will be listed in Hong Kong on July 30. By the close, undercover trading showed a price of HK$969.50, down 1.07% from the offering price of HK$980. Each lot had 50 shares, without fees, and a loss of HK$525 per lot. Zhongji Xuchuang (03308) announced the allotment results. The company sold 54.5 million shares globally, with the Hong Kong public offering accounting for 10% and the international offering accounting for 90%. The sale price per share was HK$980, with a net raise of approximately HK$52,891 billion from the global offering.
[Individual stock prices are clear]
Anke Innovation (00668): Demand for the energy storage business continues to grow and recently officially entered the Hong Kong Stock Connect list
According to the Anke Innovation Investor Relations Activity Record Form, the company believes that the energy storage business is still at a stage of development where demand continues to grow, products continue to be innovated, and policies are gradually improved. Looking at the overall energy storage business, the company has now formed a diversified product layout such as portable mobile energy storage, balcony optical storage, and household energy storage. In the future, the company will continue to promote product innovation and market expansion around the real needs of users and promote the continuous development of the energy storage business.
Furthermore, starting July 27, Anke Innovation officially entered the Hong Kong Stock Connect list. The company said that the transfer of H shares to Hong Kong Stock Exchange's securities list will help further expand the company's investor base and potentially increase the trading liquidity of the company's H shares.
Societe Generale Securities pointed out that the company continues to focus on the three major businesses of charging and energy storage, intelligent innovation, and smart video. In the short term, the core business is growing steadily, and the energy storage and smart home business is rapidly expanding; in the long run, the shallow sea strategy continues to be implemented, multiple categories are collaboratively developed, platform-based value is expected to continue to be released, and there is still plenty of room for upward valuation.