China's National Development and Reform Commission and National Energy Administration have jointly released the "Coal Industry Development 15th Five-Year Plan." The plan emphasizes continued construction of supply bases in Shanxi, Western Inner Mongolia, Eastern Inner Mongolia, Northern Shaanxi, and Xinjiang, with high-standard development of large, modern coal mines to boost large-scale and intensive production. By 2030, output from these five major bases is expected to account for over 80% of national production. The plan also calls for balanced development in the central and eastern regions, with controlled extraction pacing and assessments for new successor mines. It aims to consolidate the achievements of the Qinshui Basin and Eastern Ordos Basin coalbed methane bases, implementing plans to increase reserves and production in key areas, stabilizing output from shallow and medium-depth mature blocks, and accelerating production from deep coalbed methane blocks. Methane emission control in the coal industry will be steadily advanced.

The plan also highlights improved coal classification management, promoting the graded utilization of coking coal and oil-rich coal based on local conditions, and shifting coal's role from fuel to both fuel and raw material. Breakthroughs in industrializing coal-to-aromatics and coal-based biodegradable materials are targeted. Key coal stocks include Shougang Resources (00639), Powerlong Energy (01277), China Shenhua Energy (01088), China Coal Energy (01898), Yankuang Energy (01171), Yancoal Australia (03668), and MONGOLMINING (00975). Coal chemical companies on the Hong Kong exchange include China Risun Group (01907), China XLX Fertiliser (01866), and Yankuang Energy (01171).

Overnight in the US, the Dow Jones Industrial Average fell 60.95 points, or 0.11%, to 53,975.98. The S&P 500 dropped 4.53 points, or 0.06%, to 7,753.11. The Nasdaq Composite declined 85.26 points, or 0.32%, to 26,605.36. Major tech stocks were mixed, with SpaceX up 4.23% and Amazon up 1.32%, while the optical communications sector saw significant losses. Most Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index gaining 1.65%. The Hang Seng Index ADR edged up 0.21%, closing at 25,991.18. WTI crude oil futures surged 5.27% to $82.3 per barrel, and COMEX gold futures rose 1.11% to $4,448.6 per ounce.

Alibaba Cloud plans to more than double its global data center capacity. Leveraging a pioneering fully modular design, the company has reduced the delivery time for large AIDC data centers to 100 days, compared to 6-12 months in China and 12-18 months in the US. This approach also reduces overall construction costs by over 10%. This year, Alibaba Cloud aims to increase its global modular data center production capacity by more than two times.

Hong Kong Exchanges and Clearing (HKEX) has announced that MINIMAX-W (00100) will be added to the HKEX Tech 100 Index and the HKEX Tech & US Tech 100 Index, effective August 13. As a newly listed tech company, MiniMax's rapid inclusion reflects its market representation and enriches the index's coverage of innovative tech firms.

CIDI-NEW (03881) reported interim revenue nearly doubling year-on-year, driven by large-scale commercialization of autonomous mining trucks and major orders. Revenue reached approximately 804 million yuan, a 96.98% increase, with autonomous driving sales contributing 784.5 million yuan, up 107.34%. Gross profit surged 2.04 times to about 212 million yuan, and gross margin expanded from 17.1% to 26.4%. The improvement is attributed to enhanced product offerings, delivery capabilities, and increased customer recognition.

Hangzhou Hikvision Digital Technology (01523) announced interim net profit of $27.718 million, up 27.9% year-on-year. The growth was driven by strong sales of high-volume products, including fixed network routers, 5G routers, edge computing products, and recurring revenue.

Hanking Gold (03788) has signed a contract with CPC Engineering Pty Ltd for the engineering, procurement, and construction management of the Mt Bundy gold mine wet plant, with an EPCM budget of AUD 28.5 million. The project targets completion by April 2027 and plant commissioning by early 2028 to support first gold production in Q1 2028.

China Risun Group (01907) issued a profit alert, expecting first-half net profit to increase by at least 335% year-on-year. The growth is attributed to improved margins on fine chemical products due to higher selling prices and the successful acquisition of Binhai Energy.

Jacobio Pharma (01167) issued a profit alert, projecting a net profit of at least 600 million yuan for the interim period, reversing a net loss from the prior year. The turnaround is driven by significantly higher revenue from strategic licensing agreements with AstraZeneca for JAB-23E73 (pan-KRAS) and with Shanghai Allist Pharmaceuticals for glecirasib (KRAS G12C) and sitneprotafib (JAB-3312, SHP2).

Weichai Power (02338) is a key beneficiary of the ongoing electricity shortage in North America. Nvidia has agreed to invest $2 billion in power infrastructure developer Lancium, with a potential additional $1 billion, as Lancium develops projects for OpenAI and Oracle AI data centers in Texas. Weichai Power is deeply involved in SOFC (solid oxide fuel cell) technology, holding a major stake in Ceres. Following an updated collaboration agreement with Ceres, Weichai is positioned to serve global high-end customers, particularly in North America, where its subsidiary holds certifications and customer channels. The company is accelerating SOFC capacity construction to achieve mass production this year, with plans for further expansion. CITIC Securities notes that Weichai's growth engine is shifting from heavy-duty truck powertrains to the high-growth AIDC power generation business. China Merchants Securities highlights that policy pressure on data centers to build their own power supply enhances the strategic value of SOFC, which is naturally suited for off-grid independent power scenarios.