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Real-time News
August 21st - Promoting the "long-term investment" of pension funds is both important and urgent. Pension funds correspond to payment needs decades into the future and, theoretically, can withstand higher equity volatility and obtain long-term equity premiums. The key is to "change the benchmark." Accelerate the improvement of long-term performance evaluation mechanisms, incorporating cross-cycle returns and risk control into the evaluation system. Improve relevant supporting measures. Steadily expand investment scale and channels. Continuously promote the expansion of pension fund investment scale in various regions, scientifically optimize asset structure while strictly adhering to the upper limit of equity investment ratio, and strive to improve the level of equity asset allocation, especially increasing investment in national strategic emerging industries. Guide pension funds to actively participate in listed company governance and private placements, promote the improvement of dividend mechanisms, and deeply share the benefits of real economy growth.On August 21st, Galaxy Securities research report stated that the front-end and back-end network architecture of AI-era computing clusters is driving significant demand for switches. 1.6T port switches are expected to see mass production starting in 2027, with WAIC 2026 supernodes playing a leading role. Rapid evolution of internal interconnect bandwidth means that each iteration of port speed increases the value of a single switch, supporting profitability. Simultaneously, the latency requirements of scale-up switches have been reduced from μs to hundreds of ns, making design more difficult and time-consuming than traditional products. This gives existing players continued bargaining power, accelerating the domestic substitution of key components in the industry chain—switch chips. Coupled with the positive performance of overseas switch leaders, the report recommends focusing on leading domestic switch and switch chip companies.The Nikkei 225 index opened down 639.56 points, or 0.97%, at 65,577.23 on Friday, August 21.August 21st - According to reports, sources familiar with the matter revealed that Samsung Electronics will announce a new shareholder return plan on Friday, potentially reaching 110 trillion won ($79 billion). The sources indicated that Samsungs board of directors is scheduled to meet after the close of the Korean stock market, around 4 PM local time, and details of the plan will be announced shortly afterward. The sources also stated that the shareholder return plan is expected to be between 90 trillion and 110 trillion won.August 21 – Key Japanese inflation indicators accelerated for the second consecutive month, raising hopes that the Bank of Japan (BOJ) will raise interest rates again soon. Market expectations for action by the BOJ as early as September have strengthened further. Japans core CPI rose 1.8% year-on-year in July, up from 1.6% in June and in line with economists median forecast. Core inflation, excluding fresh food and energy prices – a measure of underlying inflation closely watched by the BOJ – rose 1.9% year-on-year. Overall CPI also rose 1.9%. This acceleration in inflation was partly driven by energy prices. Energy costs rose 0.6% year-on-year in July, reversing a slight decline in June. Weeks ago, BOJ Governor Kazuo Ueda hinted that policymakers might accelerate the pace of monetary policy normalization. With the weak yen continuing to pose upside risks to inflation, investors are increasingly convinced that the BOJ will act next month. This assessment remains unchanged even after US and Japanese officials took rare coordinated intervention in the foreign exchange market at the end of July.
