Wash: AI pushes up prices but not necessarily inflation; no inflation metric is precise, and Trump has not attempted to interfere with the Federal Reserve.
Worshe acknowledged that June CPI and PPI data showed improvement, but noted that inflation indicators do not perfectly reflect underlying inflationary conditions. He stated that one-off price changes do not necessarily lead to sustained inflation, and emphasized that the inflationary impacts of AI and external conflicts are fundamentally different when viewed through the lens of market supply-side responses. The AI boom has already driven up prices for chips and other components, and prices could rise further over the next 12 months; whether this evolves into broader inflation will depend on the Federal Reserve's actions. He added that he has 'repeatedly' told Trump that he is independent, that Trump has never asked him to do anything improper, and that if such a request were ever made, he would not comply.
Apple's AI initiative has officially launched, with its large model completing domestic regulatory filing and integrating AI capabilities from Alibaba's Qwen and Baidu.
① The Cyberspace Administration of China released filing information for seven mobile on-device generative artificial intelligence services, including Apple Intelligence, Huawei Xiaoyi Large Model, OPPO AndesGPT Large Model, vivo BlueCore On-Device Large Model, Xiaomi Pengpai AI, Samsung Galaxy AI, and Nubia Doudao Large Model. ② Alibaba Qwen will be integrated into Apple Intelligence as an AI capability.
The U.S. military stated it carried out a 90-minute strike against Iran.
On the 15th, U.S. Central Command posted a statement on social media announcing that U.S. forces completed a 'morning strike' against Iran at 7:30 a.m. Eastern Time on the 15th (7:30 p.m. Beijing Time).
Seven smartphone AI models receive regulatory filing approval: Apple Intelligence partners with Alibaba Qwen, and Nubia Doubao is also included.
Apple has finally taken a critical step forward in advancing its artificial intelligence business in China.
Seven smartphone AI models have become the first to receive official certification, with more manufacturers already in the pipeline.
On-device large language models for smartphones have undergone a centralized round of official certification. On July 15, the Cyberspace Administration announced newly registered on-device generative artificial intelligence services for mobile phones...
Iran Can Afford to Wait, Trump Cannot: A Strait of Hormuz Endurance Contest Under the Shadow of Midterm Elections
The extraordinary significance of this round of conflict lies in its potential to determine who controls the Strait of Hormuz.
Escalating tensions between the U.S. and Iran? Trump reportedly held a meeting in the White House Situation Room to discuss a 'devastating strike' against Iran.
Latest reports indicate that the United States may launch a larger-scale strike against Iran next.
HK ETF Express | CSOP SK Hynix Daily (2x) Leveraged Product Was the Top Gainer, Rising 10.09%
296 HK ETFs rose and 61 fell today. The top gainer was $CSOP SK Hynix Daily (2x) Leveraged Product(07709.HK)$ while the top loser was $CSOP SK Hynix Daily (2x) Leveraged Product(07709.HK)$.
Express News | CAC: Adds filing information for seven new mobile on-device generative AI services, including "Apple Intelligence"
Tencent Yuanbao has integrated with JD.com shopping, and Meituan is also undergoing gray-scale testing.
JD.com is the first e-commerce platform partner integrated with Yuanbao.
Hong Kong Market Midday Commentary | All three major indices rose by more than 1%; AI applications and tech stocks gained, with MINIMAX surging nearly 15%, Zhipu AI rising close to 9%, and Meituan climbing over 4%; biotechnology stocks performed strongly,
Multiple tech and internet stocks rose, with Meituan-W up 4.55% and Tencent up 3.38%; pharmaceutical stocks performed strongly, with Insilico Medicine up 12.91% and Genfleet Therapeutics-B up 12.81%; mobile gaming stocks gained ground, with Boyaa Interactive up 4.08% and Tanwan up 3.63%;
The public fund custody landscape is being reshuffled, with the long-standing market leader dethroned—broad-based index funds are the driving force behind this shift.
① China Construction Bank (CCB) surpassed Industrial and Commercial Bank of China (ICBC) in custody assets under management with RMB 4.89 trillion, leading by approximately RMB 78.2 billion. ② ICBC experienced significant redemptions from several large-cap broad-based ETFs, causing a notable decline in its custody scale. ③ CCB demonstrated stronger capacity to absorb newly launched funds this year, with 'Longying FOF' contributing nearly RMB 10 billion.
Insurers Can't Afford Payouts, Pet Owners Are Dissatisfied: The RMB 100 Billion Pet Insurance Market Grapples with 'Blind Box'-Style Veterinary Care—Can Standardization Break the Deadlock?
① The high degree of autonomy granted to pet hospitals in both diagnosis/treatment and pricing has led to inconsistent fee structures and instances of excessive treatment, complicating underwriting and claims processing for insurers. ② Promoting stable and reasonably reduced treatment costs not only lowers expenses for pet owners but also alleviates claims pressure on the insurance side, creating room for product optimization.
Accounting for 41%—China surpasses the U.S. in open-source model downloads
According to Hugging Face's Spring 2026 report, Chinese open-source models accounted for 41% of downloads on the platform, surpassing those from the United States. The top six most popular models on OpenRouter all originate from Chinese institutions, with Anthropic ranking seventh. Mounting corporate cost pressures are driving the adoption of 'model routing' strategies, and Chinese open-source models are now entering global enterprise procurement options at scale.
ZHITONG HK Stock Connect Holding Ratio Anomaly Statistics | July 15
ZHITONG Hong Kong Stock Connect Holding Ratio Anomaly Statistics | July 14, 2026
Aishu Technology Raises Nearly RMB 3 Billion in Series C Funding: Led by Alibaba, with Wang Huiwen's Family Office Participating
① In addition to making multiple rounds of investments in Aishu Technology, the Alibaba Group has also invested in Shengshu Technology in this sector and, in July 2026, participated—through its Alibaba Cloud entity—in Keling AI’s record-breaking single funding round of nearly USD 3 billion. ② Since 2025, China’s AI-powered video generation sector has continued to attract significant capital inflows, with disclosed fundraising totals surpassing RMB 10 billion.
Masayoshi Son again dismisses the 'AI bubble' argument: AI development will require $5 trillion in annual investment through 2040
① Masayoshi Son again refuted the 'AI bubble' theory, stating that AI development will require $5 trillion in annual investment by 2040; ② Son revealed that SoftBank expects its cumulative investment in OpenAI to exceed $60 billion by the end of 2026 and predicted that by 2040, the world will transition to an agent-centric paradigm.
HK ETF Express | CSOP SK Hynix Daily (2x) Leveraged Product Was the Top Gainer, Rising 8.85%
206 HK ETFs rose and 143 fell today. The top gainer was $CSOP SK Hynix Daily (2x) Leveraged Product(07709.HK)$ while the top loser was $CSOP SK Hynix Daily (2x) Leveraged Product(07709.HK)$.
Trump plays the blockade card again! Will crude oil prices only rise and hardly fall as the 'NACHO bet' makes a wild comeback?
Investors are being forced to accept the 'ghost story' they once feared most and are restarting 'NACHO' trades. Meanwhile, Trump's latest proposal to impose new fees on passing vessels has been directly criticized by industry insiders as effectively causing crude oil freight costs to surge by $16 per barrel.
Emergence of Agent Value! WAIC Finance Afternoon Tea Decodes the New AI Industry Cycle
Co-hosted by Caixin and Donghao Lansheng, with The STAR Market Daily as co-organizer, the WAIC Finance Afternoon Tea sessions titled “Stepping into Intelligent Leapfrogging: Glimpsing the Next Phase of AI” and “Deepening the Development of AI Agents: Unlocking New Industrial Momentum” will be held at 14:00 on July 18 and 19, respectively, at the Hyatt Centric Shanghai World Expo.