**China Securities Journal** Over 500 companies forecast positive half-year results with standout performances in select sectors. By July 14, 1,013 A-share firms had disclosed H1 2025 earnings previews, with 516 (50.94%) projecting growth.

Sinochem Equipment (600579.SH) suspended trading pending major asset restructuring plans. The company announced plans to acquire 100% stakes in Yiyang Rubber & Plastics Machinery Group and BlueStar (Beijing) Chemical Machinery Co. via share issuance, while raising additional capital from up to 35 qualified investors.

The People's Bank of China (PBOC) injected 1.4 trillion yuan through reverse repo operations on July 15, including 800 billion yuan in 91-day contracts and 600 billion yuan in 182-day contracts, ensuring ample banking system liquidity.

Notably, four active equity funds concentrated investments in cloud computing, innovative pharmaceuticals, controllable nuclear fusion, and deep-sea technology sectors. Among them, Yongwin Technology Select Fund delivered over 30% Q2 returns by capitalizing on opportunities in CPO and PCB sectors.

**Shanghai Securities News** Credit structure optimized in H1 as direct financing via bonds surged. By June-end, broad money supply (M2) grew 8.3% YoY to 330.29 trillion yuan, while new yuan loans reached 12.92 trillion yuan. Social financing aggregate climbed 22.83 trillion yuan, exceeding last year's level by 4.74 trillion yuan.

PBOC reaffirmed commitment to moderately loose monetary policy, emphasizing China won't seek competitive advantage through currency devaluation. Officials addressed financial data trends, exchange rates, and bond market developments at a State Council press briefing.

Venture capital markets increasingly adopt "A+++" funding rounds, particularly in semiconductors, biopharma, embodied AI, and low-altitude economy sectors. Startups facing prolonged R&D cycles and cautious investors utilize incremental "plus-round" financing for extended runways, reflecting valuation pressures and strategic capital deployment.

**Securities Times** Comprehensive financial policies drove 22+ trillion yuan social financing growth in H1. PBOC Deputy Governor Zou Lan highlighted monetary policy effectiveness, pledging continued structural support for tech innovation and consumption while advancing the "Five Financial Priorities."

Economist surveys indicate robust Q2 growth expectations exceeding 5%, with Chinese assets gaining strategic appeal. Respondents foresee resilient consumption recovery, potential property market cooling, and stable equity/currency markets. Recommendations include expanding trade-in policies and accelerating yuan stablecoin development.

Automakers including XPeng implement binding 60-day supplier payment terms, marking a significant industry shift toward fair competition and sustainable development.

China's H1 goods trade rose 2.9% YoY to 21.79 trillion yuan. Exports hit record 13 trillion yuan (7.2% growth), while imports dipped 2.7% to 8.79 trillion yuan.

**Securities Daily** New yuan loans reached 12.92 trillion yuan in H1, demonstrating both volume growth and structural improvement. Social financing stock rose 8.9% YoY to 430.22 trillion yuan by June-end.

Energy giants bolster grid resilience as red heat alerts blanket Henan and Shaanxi provinces. Surging electricity demand stems from both economic expansion and record-breaking summer temperatures.

New insurance sales qualification rules enhance consumer protection through tiered management. Experts anticipate long-term industry benefits from reduced misleading sales practices.

Inner Mongolia Salt Chemical Industry Co. (600328.SH) released A-shares' first H1 2025 report, posting 5.998 billion yuan revenue and 52.72 million yuan net profit.