Boc International China Co Ltd

Tencent has started internal testing of an AI content creation platform for individuals. In addition, Tencent has updated WorkBuddy, introducing a collaborative editing feature between humans and AI. Meanwhile, BOCI has maintained a buy rating on Tencent, indicating that it will also maintain a cautious stance on expanding AI investments.

On July 29, the A-share brokerage sector strengthened against the market in the afternoon, with the Securities II Shenwan index rising more than 2% intraday and attracting net main capital inflows of 4.215 billion yuan. Chinalin Securities hit the daily limit in the afternoon, becoming the only stock in the sector to do so. Bank of China Securities closed up 4.74%, and Guosheng Securities rose 3.75%. Huaan Securities, which had plunged nearly 30% in July and ranked at the bottom of the sector, saw an oversold recovery, closing up 4.04% with full-day turnover of 1.695 billion yuan. Industry insiders believe this round of brokerage strength is the result of multiple positive factors converging, including phased progress in the year's largest brokerage merger deal valued at 25.12 billion yuan, intensive share buybacks by brokerages to support prices, the realization of positive interim earnings forecasts, the sector's price-to-book valuation sitting at a ten-year low, and a market style rotation into large financials, all fueling a valuation repair rally.