China Intelligence — Macro Dashboard

Risk-off避险 RORO -0.16 Fear/Euphoria恐惧/亢奋 Neutral中性 PBoC央行 On hold / neutral按兵不动 / 中性 Media媒体 steady / neutral平稳 / 中性 Freshest data最新数据 18d old天 Context only仅供参考

🖥️ Desk Status Board面板状态

📰 News新闻

China news tape中国财经新闻

2026-07-19

🏛️ Policy政策

PBoC & policy watch央行与政策观察

2026-07-20

ACCRUING累积中

🛰️ Alt-Data另类数据

Smart-money convergence聪明钱共振

2026-07-20

📡 Radar雷达

Divergence signals背离信号

2026-07-20

⚠️ Special Sits特殊情景

Unlocks · inquiry · ST watch解禁·问询·ST观察

2026-07-06

📊 Stocks Board个股板

China stocks board中国个股板

🗂️ Sector Desk板块台

Sector momentum desk板块动能台

Risk appetite风险偏好 Risk-off避险 Fear↔Euphoria恐惧↔亢奋 Neutral中性 RORO -0.16 soft overlay — context, not a score leg软性叠加——背景，非评分腿

📜 Policy Phrase Shifts政策表述变化

Official language APPEARED / DROPPED / LEAD_SHIFT events, last 14d官方文件 14 天内新增/消失/头版转向事件 · 0 events条 ACCRUING · salience-only累积中 · 仅显著性 See policy watch →查看政策观察 →

Cold-start organs (no prior window yet — cannot detect APPEARED/DROPPED):冷启动器官（尚无先验窗口——无法检测新增/消失）： csrc, ndrc, pboc, peoples_daily, state_council

No recent phrase-shift events in the last 14 days.最近 14 天内无政策表述变化事件。

⚠ Salience-only — direction unproven (accruing)仅显著性——方向未验证（台账积累中）

🎯 What matters most today今日要点

scheduled日程LPR fix (loan prime rate) (Jul 20)LPR 报价（贷款市场报价利率）（7月20日） — Scheduled high-impact China release ahead.即将发布的高影响中国数据。
news新闻Media sentiment steady / neutral媒体情绪平稳 / 中性 — z -0.49 over 37d.37日 z -0.49。
radar雷达Semiconductors divergence (negative)半导体背离（负向） — radar Sector net-flow → Semiconductors · 76 China headlines · 7 alt-data members distributing · risk-on tape · consensus (leading the crowd)雷达板块净流入 → 半导体 · 该主题 76 条头条 · 7 只成员派发 · 风险偏好 · 共识（领先于人群）
chain链条PBoC easing → liquidity → brokers/property → breadth (forming)央行宽松 → 流动性 → 券商/地产 → 市场宽度（形成中） — 2/5 legs of the easing-reflation path align.宽松再通胀路径 2/5 段一致。
radar雷达Brokers divergence (negative)券商背离（负向） — radar Sector net-flow → Brokers · 61 China headlines · risk-on tape · emerging (leading the crowd)雷达板块净流入 → 券商 · 该主题 61 条头条 · 风险偏好 · 萌芽（领先于人群）

New accumulation新增吸筹: 8

🧩 Cross-surface conviction跨面板共振

Independence-weighted confluence across radar · alt-data · news · policy · risk-appetite, ranked by OPPORTUNITY (edge-remaining × leading-gap) — leading ideas promoted, priced/confirmed ones demoted. Context salience, never a position size.跨雷达·另类数据·新闻·政策·风险偏好的独立性加权共振，按机会度（剩余空间×领先差）排序——领先的提升、已定价的降级。仅为显著性，绝非仓位。

Sector板块	Opportunity机会度	Stage阶段	Conviction置信	Surfaces面板	Read解读
Semiconductors半导体 ▼	30.1	Consensus共识 ↑2	46.6 Moderate中性	radaraltdataconditions news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Sector net-flow → Semiconductors · 76 China headlines · 7 alt-data members distributing · risk-on tape · consensus (leading the crowd)雷达板块净流入 → 半导体 · 该主题 76 条头条 · 7 只成员派发 · 风险偏好 · 共识（领先于人群）卓胜微 (300782.SZ) · 中芯国际 (688981.SS) · 长电科技 (600584.SS)
Brokers券商 ▼	19.6	Emerging萌芽 ↑1	33.9 Low偏弱	radarconditions news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Sector net-flow → Brokers · 61 China headlines · risk-on tape · emerging (leading the crowd)雷达板块净流入 → 券商 · 该主题 61 条头条 · 风险偏好 · 萌芽（领先于人群）
Real estate房地产 ▲	12.6	Emerging萌芽 ↑1	13.1 Low偏弱	radarpolicy	radar PBoC easing → Real estate · policy tailwind · emerging (leading the crowd)雷达央行宽松 → 房地产 · 政策顺风 · 萌芽（领先于人群）
Banks银行 ▼	7.9	Emerging萌芽 ↑1	18.1 Low偏弱	radarpolicyconditions news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Credit impulse (TSF) → Banks · 42 China headlines · 4 alt-data members distributing · policy tailwind · risk-on tape · emerging (leading the crowd)雷达信用脉冲(社融) → 银行 · 该主题 42 条头条 · 4 只成员派发 · 政策顺风 · 风险偏好 · 萌芽（领先于人群）中国银行 (601988.SS) · 建设银行 (601939.SS) · 江苏银行 (600919.SS)

🧠 AI cross-surface synthesisAI 跨面板综合 (deterministic only — AI read unavailable仅确定性——AI解读不可用 · not_wired)

🏷️ Flagged tickers标记个股

Names lit by ≥2 surfaces (alt-data accumulation inside a radar-lit, news-covered theme). Context watchlist, not a recommendation.被≥2个面板点亮的个股（位于雷达点亮、新闻覆盖主题内的另类数据吸筹）。背景自选，非推荐。

卓胜微 300782.SZ · altdata+radar+news 中国银行 601988.SS · altdata+radar+news 建设银行 601939.SS · altdata+radar+news 江苏银行 600919.SS · altdata+radar+news 中芯国际 688981.SS · altdata+radar+news 长电科技 600584.SS · altdata+radar+news

🔗 Transmission chains传导链条

Forming形成中 PBoC easing → liquidity → brokers/property → breadth央行宽松 → 流动性 → 券商/地产 → 市场宽度 2/5

· PBoC stance easing央行立场宽松✓ PBoC easing score rising宽松分上升· Credit impulse improving信用脉冲改善· Southbound inflow南向资金流入✓ News skews monetary/policy新闻偏货币/政策

Dormant休眠 Activity (PMI) + credit → industrial cyclicals经济活动(PMI)+信用 → 工业周期股 0/3

· Mfg PMI expanding制造业PMI扩张· Credit impulse improving信用脉冲改善· News skews industrial/growth新闻偏产业/增长

⚠ Cuts delivered but the corridor classifier still reads neutral — priced-for-easing, not yet confirmed.已有降息/降准，但走廊分类仍为中性——宽松已被预期但尚未确认。

🗂️ Intelligence Surfaces情报面板

📰

China News中国财经新闻

steady / neutral平稳 / 中性

1284 events/7d事件/7天 · 6 themes主题

2026-07-19

Open news tape →打开新闻脉搏 →

🏛️

PBoC & Policy央行与政策

On hold / neutral按兵不动 / 中性

LPR 3.0/3.5 · RRR 9.0 · easing impulse宽松动能

2026-07-20

Open policy watch →打开政策观察 →

🛰️

Alternative Data另类数据

convergence watchlist共振自选 · 3285 full-coverage三源齐全

2026-07-20

Open alt-data desk →打开另类数据台 →

📡

Divergence Radar背离雷达

active divergences活跃背离 · ledger台账 Unproven未验证

2026-07-20

Open radar →打开雷达 →

⚠️

Special Situations特殊情景

134

forward unlocks待解禁 · 26 letters问询函 · 100 ST namesST名称

2026-07-06

⚠ large unlock flagged大宗解禁预警

Open special sits →打开特殊情景 →

📅 Next catalysts即将催化

Jul 20 · LPR fix (loan prime rate)LPR 报价（贷款市场报价利率）Jul 31 · NBS PMI (mfg + non-mfg)国家统计局 PMI（制造业＋非制造业）

🔮 Standing policy calls政策预测

PBoC cuts RRR by ≥25bp by 2026-09-30.1Y LPR cut ≥10bp by 2026-12-31.Additional consumption trade-in / demand-side fiscal support announced in H2 2026.

Machine digest (what the Mastermind reads)机器摘要（Mastermind 读取的内容）

WHAT MATTERS MOST: • LPR fix (loan prime rate) (Jul 20) — Scheduled high-impact China release ahead. • Media sentiment steady / neutral — z -0.49 over 37d. • Semiconductors divergence (negative) — radar Sector net-flow → Semiconductors · 76 China headlines · 7 alt-data members distributing · risk-on tape · consensus (leading the crowd) CHANGED TODAY: new accumulation: 000902.SZ, 002608.SZ, 301633.SZ STACKED READS: • Semiconductors (negative) cc=46.6 [radar+altdata+conditions] • Brokers (negative) cc=33.9 [radar+conditions] • Real estate (positive) cc=13.1 [radar+policy] News: media sentiment steady (z -0.49), 1284 events/7d baskets: AI Compute & Optics(184), Semiconductors(76), Brokers(61), Banks(42) PBoC: stance neutral; LPR1Y 3.0 / 5Y 3.5; RRR 9.0 — Easing in progress — stance not yet flipped Alt-data accumulation: 002608.SZ(002608.SZ), 002928.SZ(002928.SZ), 新洋丰(000902.SZ), 德林海(688069.SS) Radar divergences: Offshore ETF gap (KWEB/MCHI/CQQQ)→CSI 300 (onshore) positive; Sector net-flow→Semiconductors negative; Sector net-flow→Brokers negative; PBoC easing→Real estate positive; Credit impulse (TSF)→Banks negative (ledger: unproven) COMMAND TOP-2: 002608.SZ (early edge=91%) · 002928.SZ (early edge=93%) (universe=201, context-only)

⚡ China Command List中国指挥清单

Ranked by opportunity = signal × edge-remaining × leading-gap — NOT by desk agreement. Emerging = altdata/radar leading while news/board are still quiet.按机会评分排序 = 信号 × 剩余边际 × 领先差值 — 非按共识排序。萌芽 = 另类数据/雷达领先，新闻/买入板尚静。 context only仅供参考 Universe覆盖: 201 · Emerging萌芽: 0 · Early早期: 48 · No-price无价格: 14

Ticker代码	Name名称	Stage阶段	Edge剩余边际	Opp机会	RS/Off-HighRS/偏离高点	Read · Falsifier读数 · 证伪
002608.SZ	002608.SZ	Early早期	91%	80	RS +2% -29%H	A leading desk is ahead of the crowd — early, ~91% edge remaining.
002928.SZ	002928.SZ	Early早期	93%	79	RS -7% -51%H	A leading desk is ahead of the crowd — early, ~93% edge remaining.
000902.SZ	新洋丰	Early早期	77%	64	RS +15% -29%H	A leading desk is ahead of the crowd — early, ~77% edge remaining.
600406.SS	国电南瑞	Early早期	83%	62	RS +9% -25%H	A leading desk is ahead of the crowd — early, ~83% edge remaining.
002352.SZ	顺丰控股	Early早期	76%	55	RS +15% -29%H	A leading desk is ahead of the crowd — early, ~76% edge remaining.
601117.SS	中国化学	Early早期	88%	54	RS -0% -24%H	A leading desk is ahead of the crowd — early, ~88% edge remaining.
688181.SS	688181.SS	Faltering走弱	63%	40	RS -18% -45%H	Price rolling over while desks remain constructive — wait for stabilization. ⚠ price is rolling over (20d drawdown + RS falling)
688981.SS	中芯国际	Distribution派发	82%	24	RS +8% -17%H	Desks lean bearish and price is rolling over — distribution phase. ⚠ radar signal unproven (0 resolved outcomes)
600584.SS	长电科技	Exhausted见顶	63%	18	RS -7% -28%H	Already priced-in across desks — late, only ~63% edge remaining. ⚠ price is rolling over (20d drawdown + RS falling); radar signal unproven (0 reso
300782.SZ	卓胜微	Exhausted见顶	63%	18	RS -27% -49%H	Already priced-in across desks — late, only ~63% edge remaining. ⚠ price is rolling over (20d drawdown + RS falling); radar signal unproven (0 reso
601688.SS	华泰证券	Distribution派发	88%	12	RS +5% -20%H	Desks lean bearish and price is rolling over — distribution phase. ⚠ radar signal unproven (0 resolved outcomes)
601881.SS	中国银河	Distribution派发	84%	11	RS +8% -32%H	Desks lean bearish and price is rolling over — distribution phase. ⚠ radar signal unproven (0 resolved outcomes)
601211.SS	国泰海通	Distribution派发	70%	9	RS +16% -15%H	Desks lean bearish and price is rolling over — distribution phase. ⚠ radar signal unproven (0 resolved outcomes)
600919.SS	江苏银行	Distribution派发	55%	3	RS +14% -3%H	Desks lean bearish and price is rolling over — distribution phase. ⚠ radar signal unproven (0 resolved outcomes)
601988.SS	中国银行	Distribution派发	52%	3	RS +13% -1%H	Desks lean bearish and price is rolling over — distribution phase. ⚠ radar signal unproven (0 resolved outcomes)

Show all展开全部 30 names只 ▸

Ticker代码	Name名称	Stage阶段	Edge剩余边际	Opp机会	RS/Off-HighRS/偏离高点	Read读数
601939.SS	建设银行	Distribution派发	51%	3	RS +16% -2%H	Desks lean bearish and price is rolling over — distribution phase.
688069.SS	德林海	Consensus共识	40%	33	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.
688296.SS	688296.SS	Consensus共识	40%	32	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.
688653.SS	688653.SS	Consensus共识	40%	29	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.
688550.SS	瑞联新材	Consensus共识	40%	29	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.
000531.SZ	000531.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
000926.SZ	000926.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
301336.SZ	301336.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
002571.SZ	002571.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
000608.SZ	000608.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
300996.SZ	普联软件	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
600734.SS	600734.SS	Distribution派发	75%	0	no price plane / 无价格数据	Desks lean bearish and price is rolling over — distribution phase.
600818.SS	600818.SS	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
000509.SZ	000509.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.
002628.SZ	002628.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.

🔭 Discovery Queue发现队列

Off-desk leading signals — names not yet on any desk. Margin Velocity lane is experimental (Phase-0 accruing, contributes zero to ranking).离板块领先信号——尚未出现在任何台的个股。融资速度栏为实验性（阶段0积累，不计入排名）。

3696.HK

英矽智能

Southbound holdings +193.2% over 20d