Spain July Composite PMI

The full text of the decision is interpreted by the sellers for a long time, and I personally compare the medium- and long-term reform direction of the Capital Market itself. The original text of the guidelines is: improve the function of the Capital Market that coordinates investment and financing, prevent risks, strengthen supervision, and promote the healthy and stable development of the Capital Market. Support long-term capital entry into the market. Improve the quality of listed companies, strengthen the supervision of listed companies and the delisting system. Establish a long-term mechanism to enhance the internal stability of the Capital Market. Improve the restraint mechanism for the conduct of major shareholders and actual controllers. Improve the incentive and restraint mechanism of listed companies. Improve the investor protection mechanism. Promote the docking of regional equity market rules and the unification of standards. "Coordination of investment and financing", this expression directly refers to the pain points in recent years, and subsequent IPOs will pay more attention to quality and shareholder returns, which is also reflected in the higher level documents of the National Nine Articles. The interpretation of the industry is very long, and on the whole, it is a steady and steady way to promote the Chinese-style landing. There is no Unfavourable Information that the market was anxious about before. More details can be learned through the follow-up series of high-quality development theme press conferences. Previously, the village raised the Margin for margin trading, and the old contracts were still executed according to the previous pattern. For extension or new contracts, they will be executed according to the new regulations. The expansion of the Shanghai-Hong Kong Stock Connect ETF also landed today. The Shanghai Stock Exchange will also launch the Sci-Tech 200 Index. From the perspective of the entire market, measures to maintain the balance between long and short positions, and the channels for large long-term funds to enter the market are accelerating. The People's Bank of China adjusted the 7-day reverse repo Intrerest Rate in the open market operation from the previous 1.80% to 1.70%. With Biden's withdrawal from the peripheral market and Harris, who is less competitive, coming up, trading Trump's victory may continue. From the comeback of the French and British elections this year, as the right wing or conservatism is strong, the left and middle voters have greatly increased their willingness to vote to protect their rights and interests. So we still need to observe whether there will be any fluctuations. From the final perspective, the core point of trading is not how many people support Trump, but how many people will choose someone they don't look good to prevent Trump from taking office. In terms of the industry, independent controllable public opinion on weekends is also possible. In fact, this direction is not only about trading Trump, but also the embodiment of the decision of Chinese modernization, as well as the manifestation of confidence and self-improvement. The self-improvement in technology is not just because the United States is holding back. Hisilicon and SMIC have both reached their 20th anniversary. Over the past twenty years, more and more people have been taking the path of self-reliance and self-improvement in technology, and those who have taken this path have also become the way. Therefore, even if there is some fluctuation in trading, the industry trend and cycle remain in favor of the shareholders. Chairman Chang Cun also reviewed some of the past issues in China's semiconductor industry and clearly identified advanced packaging as the breakthrough direction that fits the current conditions. Advanced packaging is not limited to the storage field. For example, in the automotive chip market transactions last week, the effective core chip independent direction is also advanced packaging. The car chip does not have strict size requirements and can be stacked or multi-layered, although it may sacrifice some energy consumption, it can achieve independence without much problem. Currently, in such a large industry, the core chips rely on companies like Qualcomm, which is likely to follow in the footsteps of the telecommunications industry. Some senior technical officials have already publicly or semi-publicly criticized the automakers, but their actions are still too slow. Looking at the overall market environment, there is currently no major urgent Unfavourable Information. The 1600 long companies that have already released their interim reports also have good performance. As long as the Trading Volume can gradually recover, the market can trade structurally pump. The index may experience fluctuations, but it is also difficult for a big dump at this position. It is more important to look at zone and individual stocks. First, code so long, don't correct the wrong words.

Original author: dt "Translated text: Lisa" Blockchain games have always been highly anticipated in the capital market. So far, there seems to be no breakthrough in the development of Web 2.5 games. Now, a group of people hope to put the entire game logic on the chain to enhance the composability between games, which is called the pioneer of full-chain games. In "The Strongest Crypto Gaming Thesis" written by Gubsheep, the founder of Dark Forest, it is described that encryption-native games are a game architecture pattern and spirit that maximally embraces blockchain application development. It is now commonly referred to as full-chain games or autonomous worlds in the community. Recently, many games have been launching tests or updates. This week's CryptoSnap is following Dr.DODO.

In the evening, the central bank implemented the guiding principle of lowering existing mortgage interest rates + lowering down payments. The down payment is relatively clear, it must not be less than 20% for the first home and 30% for the second home. The stock housing interest rate "must not be lower than the lower limit of the first house commercial personal housing loan interest rate policy in the city where the original loan is issued", which corresponds to LPR+XXbps when housing loans are issued in different cities. Judging from caliber calculations, bank researchers believe that the actual decline is not large, and the reduction in deposit interest rates can be used as a hedge, which is good for banks. Real estate researchers estimate that existing housing interest rates have dropped significantly, which is good for real estate. Consumer researchers are measuring how much more households with mortgage debt can spend each month. In fact, in the medium to long term, banks must give away profits, but banks cannot become new risk points because of giving away profits. If banks are not stable, it will not be beneficial to everyone. As for real estate, it still depends on the effect of combined punches, especially before the final plan of Beishang, the policy strength is not clear enough. As for the direction of consumption, in the past few days, the directional adjustments have been made for the old and the young, and the personal income tax deduction and deduction is really good governance. In the direction of lithography machines, an ASML spokesperson said: "The four-month period starting in September is to allow ASML to fulfill its contractual obligations with Chinese customers. However, it is not expected to obtain new export licenses, and exports to China will begin in January. Three advanced immersion deep ultraviolet lithography machines (DUV). Judging from the disclosed details, the machines that have not been delivered before the order will be delivered within these four months. From our point of view, the key is to get How much is 2000i. At the same time, we need to observe the new restrictive measures in October. As for the part of domestic lithography machines, ASML’s supply does not conflict. From past experience, the better our domestic production is, the higher the probability of ASML supplying high-end lithography machines big. After the lithography machine is in place, the bidding of the fab will also be accelerated. With the acceleration of bidding and the confirmation of the acceptance of the production line in the first half of the year, the data of equipment can still be seen in the annual report. Previously, many thought that the interim report was not as expected, and it was more of a problem with the bidding and confirmation cycle. After buying a photolithography machine, you can't just leave it idle. This direction has been researched in vain, so the volume is normal. Generally, investors do not have this patience. It is better to wait for the cycle to be confirmed and participate in the semiconductor cycle. The information disclosed by several overseas companies is also that the cycle is close to bottoming out, and another quarterly report should confirm the timing of the cycle reversal. The science and technology innovation board has recently seen a significant inflow of funds, and the effect of making money is also possible. For small essays, there are always various ways to lower the threshold. In fact, whether the threshold is lowered or not, the key to the rapid issuance of ETFs. The recently released Sci-Tech Growth and the follow-up Sci-Tech 1000 will both become fast channels for big funds to enter the Sci-Tech Innovation Board. No matter in terms of policy expectations, high-quality development, or from the reduction of holdings and the overall growth rate of the interim report, the Science and Technology Innovation Board has entered a situation of marginal improvement in the medium and long term. The general reaction is almost over, and the market will enter a rotation stage. This one is strong today, and that one is strong tomorrow. As far as the current trading volume is concerned, if it returns to around 8,000, then the so-called main line can only be composed of limited small tickets. However, the expectations are much better than some time ago. At least we don’t have to worry about losing money at the opening. We are more worried about whether we can make rotational money. It is a relatively safe strategy to buy low in the main rotation direction. Today is the first day of September, so try to get off to a good start, and then earn back the money lost in July in September, it will be good. Typos are not changed. #ContentStar##A股#

Foreseeing the Future: How the sci-fi punk novel "The Code Compendium" Predicted the Rise of Bitcoin? In 1999, when the internet was not yet widespread and digital technology was still in its infancy, Neal Stephenson foresaw the potential of cryptocurrency and decentralized systems in his novel "Cryptonomicon." This foresight is not only reflected in this classic work but also permeates many of his other writings, such as the concept of "metaverse" in "Snow Crash." Many of the ideas in the book have become a reality today, leading to a question: Could Neal Stephenson's works have inspired Satoshi Nakamoto and his Bitcoin? In this article, we will explore how Neal foresaw the future of cryptocurrency through "The Cryptography Compendium", analyze the similarities and differences between the technological concepts in the novel and Bitcoin, discuss Neal's unique insights, and introduce

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