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State Council Executive Meeting Deploys Digital China Construction and Emerging Pillar Industry Cultivation
The State Council Executive Meeting reviewed progress on Digital China construction, calling for accelerated development of next-generation communication networks and computing power networks. The meeting also studied the cultivation of emerging pillar industries, promoting full-chain scaled development and strengthening basic research and key software and hardware breakthroughs.
China's 40-Trillion-Yuan Insurance Fund Becomes Largest Backer of Hard Tech, Investing 2.8 Billion in Semiconductor Leaders
Insurance funds in China are shifting from traditional investment paths to systematically deploying capital in hard technology sectors. China Life, PICC, and other insurers have collectively invested nearly 2.8 billion yuan in memory chip leader CXMT, becoming one of the largest financial backers of China's new quality productive forces.
Yuanxin Kewei Breaks Ground on 5-Billion-Yuan Semiconductor Key Materials Production Base
Yuanxin Kewei's high-end display and semiconductor key materials R&D and production base has broken ground at Wangcheng Economic Development Zone. The project involves a total investment of 5 billion yuan, focusing on upstream core materials for semiconductors and new displays, filling a critical gap in Changsha's new materials industrial chain.
Rental Demand Rises in Shenzhen and Other Tier-1 Cities, Rent-to-Price Ratio Continues Climbing
Rental demand continues to rise in Shenzhen and other first-tier cities, with the rent-to-price ratio steadily climbing. The leasing market is becoming more active as housing rental transitions from a temporary choice to a long-term living arrangement.
"Achievements of National Aerospace Endeavours" Thematic Exhibition Makes First Stop at Hong Kong Science Park
"Achievements of National Aerospace Endeavours" Thematic Exhibition Makes First Stop at Hong Kong Science Park
How Did an Expo Give Birth to a Global Governance Organization?
From WAIC to WAICO: 29 countries signed the agreement in Shanghai to establish the world's first intergovernmental organization in AI.
National First: Suzhou's New Rules Let Delivery Riders 'Afford to Wait' at Red Lights
Suzhou becomes the first city in China to include delivery riders' red light waiting time in delivery timing systems. The pilot launches in August in Gusu District and SIP, with mandatory rest periods and point-based reward mechanisms.
Ministry of Commerce and GAD Implement Temporary Export Ban on Helium
China's Ministry of Commerce and General Administration of Customs imposed a temporary export ban on helium. With approximately 85% of China's helium reliant on imports, the measure aims to secure domestic supply for critical sectors including semiconductors and healthcare.
DeepSeek Valued at Over 350 Billion Yuan
DeepSeek's latest valuation was revealed at approximately 351 billion yuan following its first external funding round. The company has initiated IPO preparations, targeting an A-share listing application by late 2026. Founder Liang Wenfeng's net worth stands at approximately $36 billion.
TSMC Q2 Net Profit Hits 706.56 Billion TWD, Surging 77.4% Year-on-Year
TSMC reported Q2 2026 net profit of 706.56 billion TWD, a 77.4% year-on-year surge, marking five consecutive quarters of record highs. Strong AI demand prompted the company to raise full-year revenue growth guidance to over 40% and increase capex to $60-64 billion.
2026 World Artificial Intelligence Conference Opens Today with 300+ Debut Products Showcasing New AI Breakthroughs
The 2026 World Artificial Intelligence Conference opened in Shanghai with record exhibition space exceeding 100,000 square meters, over 1,100 companies participating, and more than 300 products making their global debut. Major launches included Huawei's Atlas 950 and an AI protein design platform.
Gathering 'New' Momentum to Stimulate Home Industry Development — 28th China Building Expo (Guangzhou) Concludes
The 28th China Building Expo (Guangzhou) successfully concluded with nearly 2,000 exhibiting companies and over 140,000 professional visitors from 146 countries and regions. Overseas visitors increased 33.4% year-on-year.
Peak Heat Season Arrives! Power Supply, Ice Making, and Summer Tourism All Arranged
As the hottest period of the year arrives, regions across China are taking multiple measures to ensure power supply, including optimized grid dispatching, ice production for cooling, and summer tourism arrangements to meet residential and industrial electricity needs.
36th Hong Kong Book Fair opens
36th Hong Kong Book Fair opens
China's Domestic Storage 'Giant' Debuts: CXMT Technology Opens Subscription, May Raise Over 66.6 Billion Yuan
Leading domestic DRAM maker CXMT Technology officially opened its STAR Market subscription on July 16, potentially raising over 66.6 billion yuan in what could become the largest IPO in STAR Market history. The company forecast H1 net profit exceeding 50 billion yuan.
