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Real-time News
The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 5.0 occurred near Gao County, Yibin City, Sichuan Province (28.54°N, 104.68°E) at 13:08 on August 7. The final result is subject to the official rapid report.According to Interfax news agency, the Russian Ministry of Defense stated that Russian troops struck three ships carrying Ukrainian military cargo in the Black Sea.Goldman Sachs believes that the US support for Japans yen is unlikely to damage the dollars status as the worlds primary reserve currency. Japan is the largest foreign investor in the $31 trillion US Treasury market. Following the joint US-Japan currency intervention last month, some concerns arose that foreign exchange intervention aimed at preventing sharp fluctuations in the US bond market would weaken market confidence in the dollar as a reserve asset. Goldman Sachs stated that such views are based on the assumption that the US might try to prevent other countries from selling US Treasury bonds in the future. "This seems somewhat far-fetched," strategists, including Michael Cahill, wrote in a report. "We do not agree with the view that this action will damage the dollars reserve currency status."On August 7th, the Beijing Economic-Technological Development Area Administrative Committee issued a notice regarding the "Several Measures (Trial) of Beijing Economic-Technological Development Area on Supporting the High-Quality Development of Intelligent Economy Driven by Word Elements." The notice mentions increasing support for the research and development of dedicated inference chips, and continuously iterating on key core technologies such as advanced packaging, co-packaged optics, high-speed optical interconnection, and optical communication. It also emphasizes accelerating the deep integration of photonic computing with traditional computing power systems to comprehensively improve the parallel processing capabilities of large-scale models and massive word elements, adapting to large-scale high-speed word element inference scenarios. Furthermore, it explores integrated circuit system-level architecture innovation, promotes the large-scale upgrading of computing power clusters, and builds hardware barriers for low-cost mass production of word elements. Finally, it explores data pricing models based on word element transactions, supports the collection and processing of contextual data in professional fields at the enterprise and personal levels, and encourages the mass production of new data products such as expert avatars and service avatars. The notice also stipulates that 100 million yuan in data vouchers will be issued annually, providing purchasing entities with up to 1 million yuan in financial support based on 10% of the annual data transaction amount.Global Chip LOF: Trading in this fund will be suspended from the opening of the market on the afternoon of August 7, 2026 until the close of the market on the same day. During the suspension period, redemption services for this fund will continue as usual.
