--- title: "Zhitong Hong Kong Stock Early Knowledge | The State Council approves four nuclear power projects, and Wall Street is reportedly considering reducing the frequency of Federal Reserve policy meetings" type: "News" locale: "en" url: "https://longbridge.com/en/news/294615387.md" description: "The State Council's executive meeting approved four nuclear power projects including Phase I of Zhuanghe, with a total of 8 new units and a total investment exceeding 170 billion yuan. At the same time, it was reported that Federal Reserve Chairman Waller is considering reducing the frequency of interest rate decision meetings, which could be a significant change in recent years" datetime: "2026-08-02T22:41:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294615387.md) - [en](https://longbridge.com/en/news/294615387.md) - [zh-HK](https://longbridge.com/zh-HK/news/294615387.md) --- # Zhitong Hong Kong Stock Early Knowledge | The State Council approves four nuclear power projects, and Wall Street is reportedly considering reducing the frequency of Federal Reserve policy meetings **【Today's Headlines】** **State Council: Approval of Four Nuclear Power Projects** Premier Li Qiang presided over a State Council executive meeting on July 31. The meeting emphasized the need to effectively enhance the implementation efficiency of macro policies, make full use of existing policies, and timely plan and introduce practical incremental policies. It is essential to effectively expand domestic demand, seize opportunities in areas with great potential and strong driving force to launch a series of robust measures, accelerate the implementation of major projects identified in the 14th Five-Year Plan, and solidly promote the construction of the "six networks." The meeting heard reports on the construction of new-type power grids and logistics networks. It was decided to approve four nuclear power projects, including the first phase of the Dalian project in Liaoning. The meeting pointed out that nuclear power units must be built and operated according to the highest global safety standards, with clear responsibilities for relevant units, and strengthen safety supervision across the entire chain and all fields to ensure nuclear safety without fail. The newly approved projects at the State Council meeting include the second phase of the Jinqimen Nuclear Power Project in Zhejiang (Units 3 and 4), the third phase of the Taipingling Nuclear Power Project in Guangdong (Units 5 and 6), the first phase of the Dalian Nuclear Power Project in Liaoning (Units 1 and 2), and the first phase of the Laiyang Nuclear Power Project in Shandong (Units 1 and 2), totaling 8 new units. Nuclear power projects have always been an important driving force for expanding effective investment, and market estimates suggest that the total investment for the above new projects will exceed 170 billion yuan. Involved in the Hong Kong stock nuclear power sector: Shanghai Electric (02727), Harbin Electric (01133), Dongfang Electric (01072), China General Nuclear Power Corporation Mining (01164), China General Nuclear Power Corporation (01816), China National Nuclear Corporation International (02302), etc. **【Market Outlook】** **Last Friday, the three major U.S. stock indices closed higher, while Apple fell over 7% against the trend** As of the market close last weekend, the Dow Jones Industrial Average rose 276.97 points from the previous trading day, closing at 52,485.03 points, an increase of 0.53%. The index rose 1.04% for the week and 0.32% for July, marking four consecutive monthly gains; the S&P 500 index rose 52.09 points, closing at 7,489.72 points, an increase of 0.7%, with a weekly gain of 1.05% and a monthly decline of 0.13% for July; the Nasdaq Composite Index rose 251.67 points, closing at 25,373.85 points, an increase of 1%, with a weekly gain of 1.59% and a monthly decline of 3.2% for July. Apple fell over 7%, marking its largest drop since April 2025; Amazon rose over 15%, achieving its largest single-day increase since 2012, with a cumulative rise of about 14% in July; Google rose over 6%, with a total market value of $4.36 trillion; Microsoft rose over 3%, with a cumulative rise of over 24% in July; Nvidia rose nearly 3%, with a total market value of $4.86 trillion, reclaiming the title of "king of stocks"; SpaceX fell over 3%, with a cumulative decline of over 36% in July. The optical communication and storage sectors showed mixed results, with Kioxia ADR falling over 10%, SanDisk and Micron Technology falling over 5%, and SK Hynix falling over 3%; Kioxia ADR fell 53% in July, SanDisk fell over 46% in July, and Micron Technology fell over 28% in July. The Nasdaq Golden Dragon China Index rose 1.47%, with Kingsoft Cloud rising nearly 10%, Dingdong Maicai rising over 6%, and Alibaba rising over 5%. The Hang Seng Index ADR rose, closing at 25,931.38 points, an increase of 46.95 points or 0.18% compared to the Hong Kong close On the New York Mercantile Exchange, WTI crude oil futures for the current month rose by $3.21, closing at $86.8 per barrel, an increase of 3.84%. COMEX gold futures for the current month fell by $62.00, a decrease of 1.49%, reported at $4098.6 per ounce. **【Hot Topics Ahead】** **Federal Reserve Chairman Waller reportedly considering reducing the frequency of Federal Reserve policy meetings** According to reports, Federal Reserve Chairman Waller is reportedly considering reducing the number of regular interest rate decision meetings held by the Federal Reserve, a move that could trigger significant upheaval and mark the most significant change in the Federal Reserve's operations in recent years. Currently, the Federal Open Market Committee (FOMC), composed of 12 members, holds eight meetings a year to vote on whether to raise, lower, or maintain borrowing costs. Two Federal Reserve policymakers indicated that persistently stubborn inflation was the reason for their push for rate hikes this week, highlighting the rising pressure within the Federal Reserve for Chairman Kevin Waller to take action. In last week's Federal Reserve rate meeting, the FOMC decided to keep interest rates unchanged at 3.5% to 3.75% with a vote of 9 to 3. **Chinese products dominate the top five global large model invocation volumes** Recently, the global multi-model aggregation platform OpenRouter released the latest weekly AI large model invocation volume rankings, with all top five products developed by Chinese companies. Topping the list is Xiaomi's MiMo-V2.5, with a weekly invocation volume reaching 10.5 trillion tokens, a 12% increase from the previous week. The second and fifth places are both from DeepSeek, with two models forming a high-low pairing to cover different development needs, where the flagship Pro version competes with top overseas closed-source models in code and complex intelligent agent task performance. A common feature of these models is their rapid rise to the rankings shortly after their release, with Tencent's Hunyuan 3, which was officially open-sourced on July 6, achieving a weekly growth rate of over 999%, making it the model with the most robust growth momentum on the list. **Super Fusion AI Lab platform launches DeepSeek-V4-Flash official version** On August 1, Super Fusion announced that the official version of DeepSeek-V4-Flash-0731 has been launched on the Super Fusion AI Lab platform, accessible via PC for online experience. **Market Regulatory Administration conducts price compliance guidance in the photovoltaic industry** On July 31, the Market Regulatory Administration conducted price compliance guidance in the photovoltaic industry in Yancheng, Jiangsu Province, implementing the decisions of the Central Committee of the Communist Party of China and the State Council on deeply rectifying "involutionary" competition, promoting photovoltaic companies to shift from "price competition" to "quality competition," and facilitating high-quality development in the photovoltaic industry. **Telecom operators stop third-party internet channel SIM card processing** China Telecom, China Mobile, and China Unicom released an announcement on July 31 regarding the standardization of SIM card sales management through internet channels. The announcement stated that to protect user rights and data security, the ordering of SIM cards through internet channels will be uniformly regulated. Starting from August 1, 2026, users wishing to order SIM cards through internet channels can only do so through the official apps and websites of telecom operators, and third-party internet channels will no longer provide related services for telecom SIM card processing **The first round of bidding for the 12th batch of drug centralized procurement has ended, with 265 companies expected to be selected** At 16:00 on July 31, the first round of bidding results for the 12th batch of national organized drug centralized procurement was announced, with 265 companies directly obtaining the qualification for expected selection. According to procurement rules, companies that were not selected in the first round have the opportunity to conduct a second round of "revival" bidding at suitable prices for clinical supply. 120 companies will conduct the second round of "revival" bidding at 18:30, and the second round of bidding announcement is expected to take place at 19:30. **China National Building Material (06655): Huaxin Central Asia Investment (Wuhan) signs "Equity Acquisition Agreement" with Holderfin B.V.** China National Building Material (06655) announced that on August 1, 2026, the buyer Huaxin Central Asia Investment (Wuhan) Co., Ltd. signed an "Equity Acquisition Agreement" with the seller Holderfin B.V. Accordingly, under the terms and conditions of the "Equity Acquisition Agreement," the seller conditionally agrees to sell, and the buyer conditionally agrees to purchase the equity of the core target company indirectly and directly held by the seller. The core target company involved in this transaction has four integrated cement clinker plants and one cement grinding station located in the core areas of Luzon and Mindanao in the Philippines, with an annual clinker production capacity of 5.2 million tons and an annual cement production capacity of 9 million tons, possessing abundant limestone resources and good location advantages, with considerable potential for technological and management optimization after the acquisition. **BYD Company Limited (01211) + Chery Automobile (09973) July sales** BYD Company Limited (01211) announced that in July 2026, the production of new energy vehicles was approximately 420,200 units, with a cumulative production of approximately 2,234,400 units in the first seven months. In July, the sales of new energy vehicles were approximately 419,200 units, with cumulative sales of approximately 2,227,700 units in the first seven months. The company exported a total of 180,500 new energy vehicles in July 2026. Chery Automobile (09973) announced that the total sales of its five major brands in July 2026 were 261,876 vehicles, an increase of approximately 24.1% compared to the same period last year. **China Hongqiao Group (01378) subsidiary Hongqiao Holdings plans to raise no more than 12 billion yuan through a private placement** On July 31, 2026, the board of directors approved the proposed placement. If the proposed placement is implemented, the directors expect that the issuance will result in a dilution of the company's equity in Hongqiao Holdings by no more than 10% (subject to the final issuance scale). The proposed placement will be deemed as a sale of the company's equity in Hongqiao Holdings in accordance with Article 14.29 of the listing rules. **Junzhihui Group (01300) subsidiary expected to win the bid for China Mobile's centralized procurement project for telecommunication power cables from 2026 to 2027** The specific project expected to win the bid is as follows: China Mobile's centralized procurement project for telecommunication power cables from 2026 to 2027: Junzhihui Technology's bid price is approximately RMB 2.654 billion, ranking fourth in the bidding. **XunCe (03317) issues profit warning, expects a significant year-on-year revenue increase of approximately 388.76% in the first half, with adjusted net profit of approximately 67 million yuan, turning losses into profits year-on-year** The group has successfully expanded into multiple new industries, accelerating the construction of an integrated product and business model across the entire chain of "computing power - data - Token - model - application"; the Token business model has been implemented, with Token usage increasing, becoming a new engine for the group's revenue growth; and the international business expansion and ecosystem construction are being accelerated. **China Heart-to-Heart Fertilizer (01866) issues profit warning, expecting a net profit of approximately 1.15 billion to 1.23 billion yuan in the first half of the year, a year-on-year increase of 52% to 62%** Affected by geopolitical conflicts, the prices of coal chemical products have risen. Among them, the prices of methanol, melamine, and other products have significantly increased year-on-year; the group has seized market opportunities, fully leveraging its flexible production advantages, and flexibly adjusting its product structure to maximize profits. **Angelalign Technology (06699) issues profit warning, expecting a net profit of approximately 24 million to 25.4 million USD in the first half of the year, a year-on-year increase of 69.0% to 78.9%** The total number of invisible orthodontic cases is approximately 316,600, a year-on-year increase of 40.2%; among them, the number of cases in the global market (excluding mainland China) increased by 43.3% to approximately 168,000 cases, while the number of cases in the mainland China market increased by approximately 36.8% to about 148,600 cases. **GoerTek (01415) issues profit warning, expecting a profit of approximately 85 million to 94 million USD in the first half of the year, a year-on-year increase of approximately 27% to 40%** The announcement states that the significant improvement in profit is mainly attributed to (i) an increase in camera module sales; (ii) improved production yield; and (iii) efficient cost management. The group's total assets are expected to be approximately 1.438 billion to 1.59 billion USD as of June 30, 2026. **Hard Egg Innovation (00400) expects revenue of approximately 12 billion to 14 billion yuan in the first half of the year, a year-on-year increase of 80% to 100%** The growth is mainly driven by strong demand for chips in the fields of artificial intelligence data centers (AIDC), storage, and robotics. The group's current customer demand is robust, with ample orders and good business visibility, especially as the new business of the group's AI Token factory has already secured over 100 million USD in intended orders. Management expects that the business will continue to maintain high-speed growth in the second half of 2026. Looking ahead, the Hard Egg AI Token factory business will become the group's second growth curve. **Auntie in Shanghai (02589) announces interim results with adjusted profit of approximately 345 million yuan, a year-on-year increase of 41.6%** Earnings per share are 3.05 yuan, with an interim dividend of 2 yuan per share. As of June 30, 2026, the company's global store network has 13,155 stores, including 35 directly-operated stores and 13,120 franchised stores. The company's store network covers all four direct-controlled municipalities in China, as well as five autonomous regions and over 300 cities in 22 provinces. **【Stock Highlights】** **China General Nuclear Power (01816): Construction of Units 5 and 6 in Huizhou approved** China General Nuclear Power (01816) announced that on July 31, 2026, the company learned that its subsidiary, China General Nuclear Huizhou Third Nuclear Power Co., Ltd. (Huizhou Third Nuclear Power), has received approval from the State Council for the construction of Units 5 and 6 in Huizhou. The company and Huizhou Third Nuclear Power are currently orderly carrying out various construction preparations for the above units, and full construction can begin after obtaining the "Nuclear Power Plant Construction License" issued by the National Nuclear Safety Administration The approved Huizhou Units 5 and 6 adopt the Hualong One 2.0 nuclear power technology, with a single unit capacity of 1,217 MW ## Related News & Research - [Warsh floats fewer Fed meetings](https://longbridge.com/en/news/294562122.md) - [CGN Power says China approves construction of Huizhou nuclear Units 5 and 6](https://longbridge.com/en/news/294507245.md) - [CGN Power subsidiary CGN Huizhou Nuclear says Huizhou Unit 2 qualifies for commercial operation](https://longbridge.com/en/news/294670155.md) - [ANALYSIS-How Iran is widening its pressure campaign to force US concessions](https://longbridge.com/en/news/294672366.md) - [US State Department to close consulates in Canada, Japan and Indonesia, sources say](https://longbridge.com/en/news/294744066.md)