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In less than two weeks since its listing, Zhongji Xuchuang H shares have become the most net purchased Hong Kong stock by South Korean investors in nearly a month. Data from SEIBro under the Korea Securities Depository (KSD) shows that South Korean investors' buying settlement amount for Zhongji Xuchuang H shares was $45.067 million, while the selling settlement amount was $1.6729 million, resulting in a net buying settlement amount of $43.3942 million, equivalent to about 340 million Hong Kong dollars, ranking first among South Korean investors' net purchases of Hong Kong stocks during the same period.Zhongji Xuchuang H shares were listed for trading on July 30, and in just 7 trading days, its net buying settlement amount was nearly 4 times that of the second place on the list.

The domestic GPU manufacturer Moore Threads released its semi-annual report for 2026, with revenue of 1.736 billion yuan, a year-on-year increase of 147.42%. The net profit attributable to the parent company was a loss of 11.56 million yuan, narrowing by about 259 million yuan compared to the same period last year; the net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 151 million yuan, narrowing by 52% year-on-year. Revenue in the second quarter was approximately 999 million yuan, a quarter-on-quarter increase of 35.4%. Research and development expenses were 769 million yuan, accounting for 44.3% of revenue. The company stated that the improvement in performance was driven by the demand for AI computing power and the accelerated commercialization of the Kuage Intelligent Computing Cluster.As of the end of the quarter, the book value of inventory was 3.55 billion yuan, an increase of 166.5% compared to the end of last year, reaching a four-year high. The company stated that this was due to proactively increasing stock to meet market demand. On the same day, Moore Threads announced plans to issue H shares and list on the main board of the Hong Kong Stock Exchange, just about 8 months away from its listing on the Sci-Tech Innovation Board in December 2025. If successful, it will achieve an "A+H" layout. The announcement stated that this issuance still requires approval from the shareholders' meeting and regulatory approval, which carries uncertainty. Another domestic GPU manufacturer, Muxi Co., has already launched its H share plan in June, with a shorter interval. Moore Threads is accelerating the development of the new generation "Huagang" architecture and the Huashan and Lushan chips. In the first half of the year, the net cash outflow from operating activities was 2.169 billion yuan, an increase of about 86% year-on-year.

According to the Economic Daily News, there are market rumors that TSMC plans to acquire AUO's L7 plant (7.5 generation line) and L5C plant (5 generation line), with the transaction amount estimated to exceed 30 billion New Taiwan Dollars (approximately 920 million USD). Both parties are negotiating based on the "Innolux model," and TSMC has sent personnel for on-site audits but has not yet signed a contract announcement. The AUO Zhongke plant is adjacent to TSMC's Zhongke No. 15 plant, providing geographical advantages.The report states that TSMC plans to use CoPoS technology as the next generation of 2.5D advanced packaging after CoWoS, introducing panel-level glass substrate packaging through "transforming round into square" to address the area waste and warping issues of ultra-large AI chips on 12-inch wafers. TSMC's first CoPoS production line has been completed and launched at the Chiayi AP7 plant. Industry insiders believe that panel manufacturers possess experience in handling large substrates and managing production lines, making them providers of "intermediate layer capabilities" for the mass production of advanced packaging.

Moore Threads announced that the company held a board meeting to review and approve the proposal for issuing H shares and listing on the main board of the Hong Kong Stock Exchange. The company plans to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange, and will choose an appropriate time and issuance window to complete this issuance and listing within the validity period of the shareholders' meeting resolution or other periods extended with shareholder consent.This issuance still requires review by the shareholders' meeting and must obtain relevant government and regulatory agency filings, approvals, and/or authorizations. Currently, specific details have not been determined, and there is significant uncertainty regarding its implementation.Moore Threads is a domestic semiconductor company in China, focusing on the independent research and development and design of full-featured GPUs (General-Purpose Graphics Processors).

The Hong Kong Securities and Futures Commission has announced that Polar Tensor has been included in the list of suspicious virtual asset trading platforms, and 17 related websites have been listed.The Hong Kong Securities and Futures Commission reminds that Polar Tensor and its website are not licensed by the Commission to conduct regulated activities in Hong Kong.

The Hong Kong stock market has seen significant increases in certain individual stocks, with gold, technology, and construction-related targets attracting market attention. According to the Gate platform's Hong Kong stock market data, Upgraded Gold (01939) has risen by 40.54% in 24 hours, currently reported at HK$0.52; Guangli Technology (06036) has increased by 28.03%, currently reported at HK$1.69; Sanhe Construction Group (03822) has risen by 22.68%, currently reported at HK$1.19.

According to Hong Kong 01, the Hong Kong police updated information regarding the virtual currency Fun Coffee scam, revealing that as of August 5, a total of 255 related reports had been received, an increase of 30 from earlier, with total losses rising to approximately HKD 104 million. In addition, the Macau police arrested two women involved in 9 cases amounting to about 3.6 million Macau patacas.Regarding TVB artists who have hosted activities related to the Fun Coffee scam, the Hong Kong police stated that during the investigation, they would definitely contact the victims and relevant individuals to identify the mastermind behind the scam and their roles. Fun Coffee claims to be a large coffee investment enterprise in Phu Quoc, Vietnam, with a capital scale exceeding USD 1 billion. It entered the Hong Kong market by the end of 2025, packaging its image through marathons, banquets, social events, distributing flyers, and inviting artists to promote it, while registering a company, opening offices, and stores in Hong Kong. The actual operation was to lure citizens into downloading the app to complete tasks under the guise of investing in high-tech coffee equipment, gene optimization technology, and agricultural equipment, using Tether (USDT) and other cryptocurrencies for deposits. The platform promised annual returns of up to 197%--278%, with higher returns for larger amounts and longer deposit periods, and set up a commission structure to encourage recruitment. In July 2026, the Hong Kong Securities and Futures Commission listed it as a suspicious investment product. In late July of the same month, the app suddenly ceased operations, withdrawals became impossible, customer service went offline, and the offices and stores were vacated, leading to the collapse of the scam.

According to the Hong Kong Wen Wei Po, the Hong Kong Police Commercial Crime Bureau, together with the Macao Judiciary Police, launched a cross-border joint law enforcement operation codenamed "Junli" from August 1 to 3, successfully cracking down on a fraud criminal group that claimed to be involved in virtual currency investment.The Hong Kong police arrested 1 man and 5 women (aged 51 to 64) on charges of "conspiracy to commit fraud," with those involved including company directors, shareholders, company secretaries, and key promotional members; the Macao Judiciary Police also arrested 2 women involved in the case on charges of "aggravated fraud." As of August 3, the Hong Kong police had received a total of 225 reports, with losses amounting to approximately 94 million Hong Kong dollars; the Macao police received 9 reports, involving losses of about 3.6 million Macao patacas, totaling over 97 million.

According to Reuters, citing three informed sources, Samsung Electronics and SK Hynix are testing the etching equipment from Chinese semiconductor equipment manufacturer AMEC to assess its potential application in their factories in China, aiming to hedge against the risk of the U.S. potentially tightening export controls in the future. The testing began about two years ago, coinciding with rising uncertainty over whether the U.S. would allow Korean companies to import U.S.-made chip equipment to China.The report noted that although no decision has yet been made on large-scale deployment, verification from Samsung or SK Hynix would be an important commercial endorsement for AMEC. The gap in etching, deposition, cleaning, and other areas for Chinese equipment has gradually narrowed, with prices typically 20%-30% lower than similar overseas products. Samsung officially denied having tested AMEC equipment for its factories in China, while SK Hynix declined to comment. Deutsche Bank expects Northern Huachuang, AMEC, Tuojing Technology, and Shengmei Semiconductor to each exceed $1 billion in revenue by 2026, collectively expected to capture 25%-30% of China's approximately $28 billion wafer fabrication equipment market this year.

According to Gate market data, Zhongwei Company's stock price has risen over 10%. Media reports indicate that South Korea's Samsung Electronics and SK Hynix are evaluating chip manufacturing equipment from China's Zhongwei Semiconductor, considering using it in their factories in China.

According to Jinshi reports, China Merchants Securities released a research report stating that the AI industry is currently still facing real supply constraints, and there has not yet been a significant overall surplus. Large technology companies are still increasing investments in AI infrastructure, and customer demand for additional supply continues to grow.Microsoft's computing power utilization and SK Hynix's order situation indicate that the current industrial contradictions mainly manifest as insufficient supply of high-performance computing power, advanced storage, and data center support. Short-term investment opportunities can be focused on alleviating computing power bottlenecks.

Earlier market news indicated that Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, potentially raising about 3 billion dollars. In response, Dark Side of the Moon stated that the news is false.

According to market news, Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, aiming to raise approximately $3 billion. As of the time of publication, Dark Side of the Moon has not publicly responded to or confirmed this matter.

According to Gate market data, the Hong Kong stock market closed with the Hang Seng Index rising by 0.48% and the Hang Seng Tech Index rising by 0.96%; Alibaba closed up 7.01% for the day.

Standard Chartered Hong Kong and Greater China and North Asia CEO Mary Huen announced that there will be an official announcement regarding the issuance of the Hong Kong dollar stablecoin HKDAP. At the same time, a distribution agreement will be signed, with its subsidiary Dingdian Financial acting as the issuer of the stablecoin, adopting a business-to-business-to-consumer (B2B2C) model. It will not connect directly with end users but will distribute through recognized distributors to its relevant corporate and institutional client base, including small and medium-sized enterprises, traders, service providers, fund companies, and individual users, for cross-border settlement. Other application scenarios also include tokenized assets.

The Hong Kong Securities and Futures Commission has announced that BiFinance has been listed as a suspicious virtual asset trading platform. The Hong Kong Securities and Futures Commission stated that the company claims to be licensed in Hong Kong and asserts that it offers digital asset trading services such as spot, futures, and wealth management on its website, as well as other services related to digital assets. However, the company is not licensed by the Securities and Futures Commission and is suspected of conducting unlicensed activities.

According to The Block, the Hong Kong police stated that a local insurance practitioner fell victim to a fraudulent cryptocurrency investment romance scam, with total losses exceeding 26 million Hong Kong dollars, approximately 3.3 million US dollars.

According to Jinshi, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission jointly announced new measures to deepen practical cooperation and closely coordinate development between the two markets, covering various areas such as listing financing, index cooperation, futures products, exchange-traded funds (ETFs), internationalization of financial institutions, green finance, and facilitation of professional qualifications.

On August 3, Wu Qing, Chairman of the China Securities Regulatory Commission, stated at the five-year Chinese government bond futures listing ceremony held at the Hong Kong Stock Exchange that efforts will be made to optimize the offshore listing filing process, enhance standardization and transparency, and actively support eligible mainland enterprises to list in Hong Kong.

According to Gate market data, Hong Kong tech stocks continue to strengthen, with Alibaba rising over 6%, Baidu, Kuaishou, and Tencent Holdings all rising over 3%, and Bilibili rising over 2%.