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Barclays lowered its price target for Murphy Oil (MUR.N) from $43 to $38.Barclays raised its price target for Airbnb (ABNB.O) from $125 to $150.On August 10th, the Shanghai Stock Exchange Listing Review Committee announced that it will hold its 47th meeting of 2026 on August 17th to review the IPO application of Guangdong Kerui Strontium CNC Technology Co., Ltd.On August 10th, seven departments, including the Shanghai Municipal Commission of Commerce, issued the "Construction Plan for the Shanghai National Service Trade Innovation and Development Demonstration Zone." The plan aims to attract enterprises and institutions to establish artificial intelligence R&D centers, open-source platforms, and collaborative laboratories. It promotes the expansion of overseas access to computing power and basic large-scale models, and supports the export of model products such as intelligent agents and multimodal generation. It also encourages intelligent terminal enterprises, such as embodied intelligence, to expand new full-cycle service models. Furthermore, it supports the application of artificial intelligence in industries such as healthcare, education, and professional services. The plan also calls for successfully hosting the World Artificial Intelligence Conference and global developer events, and accelerating the construction of the headquarters of the World Artificial Intelligence Cooperation Organization. Support will be provided for Pudong New Area to build a pilot zone for innovative applications of artificial intelligence, and for Xuhui District to build the "Model Speed Space" large-scale model innovation ecosystem community. Finally, the plan explores the establishment of a global governance system for artificial intelligence.On August 10th, seven departments, including the Shanghai Municipal Commission of Commerce, issued the "Construction Plan for the Shanghai National Service Trade Innovation and Development Demonstration Zone." The plan emphasizes improving service trade supporting the integrated circuit industry. It promotes the integration of integrated circuit design and manufacturing, and establishes an international joint design center in the Lingang New Area. The plan supports integrated circuit companies in achieving breakthroughs across the entire industry chain and cultivating a number of internationally competitive leading enterprises. It stipulates that imported testing consumables used within comprehensive bonded zones will be reimbursed based on actual testing consumption, and that pilot projects for integrated circuit testing outside comprehensive bonded zones will be subject to bonded supervision. The plan also supports integrated circuit companies in conducting international trade distribution business.

Trading Research

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