Price Hike After a Three-Month Gap: Feitian Maotai’s Ex-Factory Price Has Risen by a Cumulative RMB 200 This Year—What Signal Does This Send?

① After a three-month interval, Moutai has raised prices again, with the ex-factory and self-operated prices of 500ml Feitian Moutai both increasing by RMB 100, bringing the cumulative price hike this year to RMB 200. ② Additionally, the 1L Feitian Moutai has risen by RMB 150, with two increases this year totaling RMB 280. ③ Currently, Moutai is widening its price gap with other premium spirits, as demand for other renowned brands remains weak and they lack conditions to raise prices, intensifying sectoral divergence.

cls.cnJul 17 23:31

WAIC 2026 Opens: AI Flourishes with Hundreds of Global Debuts and Premieres, and Over 300 Humanoid Robots Compete on Stage

① Over 4,400 exhibits were showcased, featuring 349 debut projects and 201 world premieres. ② The embodied intelligence segment attracted intense competition, with more than 200 manufacturers presenting 208 models and over 300 humanoid robots on stage, alongside more than 100 types of intelligent terminals and 261 large-scale AI models.

cls.cnJul 17 22:30

Underwater Data Center Research: 'Direct Offshore Wind Connection' Model Proven Viable, Commercialization Progressing Gradually | Decoding Emerging Trends

① The next-generation underwater data center receives 95% of its power directly from offshore wind farms; ② The per-kilowatt construction cost of underwater data centers can approach that of land-based facilities of comparable scale, and their energy efficiency advantages become evident once operational; ③ Although the technology and business model have been validated, commercial viability hinges on achieving economies of scale.

cls.cnJul 17 16:49

Nine securities firms were the first to secure approval for the initial batch of actively managed ETF fund brokerage settlement business, with Huatai and Guosen each securing four mandates featuring 'deep integration.'

① The first batch of 18 actively managed ETFs has entered the filing stage, with 17 adopting the broker-settlement model and only E Fund Management using a non-broker-settlement structure; ② Huatai Securities and Guosen Securities each secured four mandates, leading the pack, while Cathay Securities, Haitong Securities, and CITIC Securities each obtained two; ③ The list reflects both shareholder synergies and fund managers’ emphasis on brokers’ comprehensive service capabilities.

cls.cnJul 17 16:10

Leadership reshuffles involving 12 executives sweep six joint-stock banks, triggering a wave of top management changes in wealth management divisions.

① China CITIC Bank, China Minsheng Bank, and several other joint-stock commercial banks have recently carried out a series of密集 adjustments to over ten key senior executive positions within their retail and wealth management divisions. ② This round of personnel reshuffles exhibits three main characteristics: senior bank executives are personally taking charge to elevate the strategic importance of retail banking; internal cross-functional rotations among private banking, personal finance, and credit card units are breaking down operational silos; and two-way talent flows across banks have become commonplace.

cls.cnJul 17 15:06

Morning Briefing by Xiao K | WAIC 2026 Opens Today; Moonshot AI Launches Kimi K3

① Taiwan Semiconductor’s capital expenditures over the next three years will be significantly higher than those of the past three years; ② The final online subscription allotment rate for Changxin Technology was approximately 0.4714%; ③ The Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences, has made new progress in research on mid-infrared continuous-wave laser spectral beam combining.

cls.cnJul 17 08:36