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On August 13th, Xu Bijiu, Vice Minister of Ecology and Environment, stated that my country is expediting the formulation of a new round of action plans for continuous improvement of air quality, which is also the fourth "Ten Measures for Air Pollution Prevention and Control." He made this announcement at a press conference held by the State Council Information Office on the 13th, themed "Starting the 15th Five-Year Plan." Xu Bijiu explained that since the 18th National Congress of the Communist Party of China, my country has successively issued and implemented three "Ten Measures for Air Pollution Prevention and Control": the 2013 "Action Plan for Air Pollution Prevention and Control," the 2018 "Three-Year Action Plan for Winning the Battle Against Air Pollution," and the 2023 "Action Plan for Continuous Improvement of Air Quality," which have significantly improved my country's air quality. Data shows that by 2025, the national PM2.5 concentration will drop to 28 micrograms per cubic meter, a 59% decrease compared to 2013, and the proportion of heavily polluted days will drop to 0.9%, the best level since monitoring began.

The Ukrainian military reported that it attacked a Russian oil refinery in Bashkortostan, about 1,300 kilometers from the border.

Russian Ministry of Defense: Russian troops have taken control of Petrivka in the Donetsk region.

Turkish Ministry of Defense: Allies plan to hold joint military exercises in accordance with the agreement.

The Turkish Ministry of Defense stated that the defense treaty between Turkey, Pakistan, and Saudi Arabia aims to establish an institutionalized and sustainable framework for trilateral relations. Strategic political and military mechanisms will be established based on agreements reached with the defense ministers, foreign ministers, and military leaders.

August 13th - Since the State Council Food Safety Office and five other departments jointly launched a comprehensive campaign to address the problem of food additive abuse last April, market supervision departments across the country have focused on key food categories and critical production and processing stages to rectify illegal activities related to food additive abuse, achieving significant results. Nationwide, 23,603 cases of exceeding the permitted scope and limits for food additive use have been investigated and prosecuted, involving a total amount of 43.62 million yuan, with fines and confiscations totaling 145 million yuan. Among these, 278 cases were transferred to public security organs for criminal prosecution, creating a strong deterrent against illegal activities such as food additive abuse. Moving forward, market supervision departments will continue to strengthen supervision and enforcement based on prominent issues discovered during supervision, focusing on key products such as milk tea, cooked meat, pastries, noodles, and alcoholic beverages to further promote comprehensive governance, continuously urging enterprises to fulfill their primary responsibility for food safety, standardize the use of food additives, investigate and punish key cases according to law, and expose typical cases to ensure the effectiveness of comprehensive governance.

Eurozone industrial production rose 0.1% year-on-year in June, compared with a forecast of -0.8% and a revised previous reading of -0.1% from -1.20%.

On August 13th, MyFT (02556.HK) announced that its revenue for the first half of 2026 was RMB 1.96 billion, compared to RMB 928 million in the same period of 2025, representing a year-on-year increase of 111.2%; gross profit was RMB 886 million, representing a year-on-year increase of 96.5%; net profit for the period was RMB 203 million, compared to RMB 35.82 million in the same period of 2025, representing a year-on-year increase of 466.1%; and adjusted net profit was RMB 213 million, representing a year-on-year increase of 150.9%.

On August 13, CK Asset Holdings Limited (01113.HK) released its interim results for 2026. The Group achieved revenue of HK$40.306 billion, an increase of 58.77% year-on-year; profit attributable to shareholders of HK$8.683 billion, an increase of 37.78% year-on-year; earnings per share of HK$2.48; and proposed to pay an interim dividend of HK$0.41 per share.

On August 13, CK Hutchison Holdings Limited (00001.HK) announced that for the first half of 2026, the Group recorded a basic net profit of HK$12.592 billion, representing a 6% increase compared to the first half of 2025 in reporting currency. Basic EBITDA and EBIT, calculated in reporting currency, increased by 6% and 5% respectively compared to the same period last year, mainly due to strong performance in the port segment, robust growth in the retail segment, a significant increase in contributions from Cenovus Energy, and favorable foreign exchange fluctuations. For the first half of the year, profit attributable to ordinary shareholders was HK$26.785 billion. On an IFRS 16 basis, reported profit attributable to ordinary shareholders was HK$26.801 billion, with reported earnings per share of HK$7.00. The Board of Directors declared an interim dividend of HK$0.7455 per share to be paid on September 24, 2026.

Huahong Grace (01347.HK): In Q2 2026, sales revenue from China was US$563.7 million, accounting for 78.6% of total sales revenue, representing a year-on-year increase of 20.0%, mainly due to increased demand for MCUs, flash memory, general-purpose MOSFETs, logic and smart card chips.

Hua Hong Grace (01347.HK): In the second quarter of 2026, 96.5% of its sales revenue came from the direct sale of semiconductor wafers, with sales revenue from 8-inch wafers and 12-inch wafers amounting to US$271.8 million and US$445.7 million, respectively.

Morgan Stanley raised its target price for Cisco (CSCO.O) from $130 to $135.

The onshore yuan closed at 6.7451 against the US dollar at 16:30 on August 13, up 5 points from the previous trading day.

On August 13, Iranian Foreign Minister Araqchi posted on social media, telling US officials: "The United States has long suffered from miscalculations due to insufficient intelligence capabilities. The war against Iran is a clear example. Now, the United States has made an even more serious miscalculation on the Strait of Hormuz issue. What's worse than fake news is disinformation. Please be vigilant."

Morgan Stanley raised its price target for AI chipmaker Cerebras Systems from $273 to $279.