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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.
WAIC 2026: China's Domestic Computing Power Shifts from Single-Chip Competition to Ecosystem-Driven Era
The 2026 World Artificial Intelligence Conference (WAIC) opened with the debut of Huawei Atlas 950 and other super-node systems. China's domestic AI chips have advanced from isolated breakthroughs to systematic maturity, with competition shifting from single-card performance to computing cost optimization and full-stack software ecosystems.
China's IC Output Reaches 279.8 Billion Units in H1 2026, Averaging Over 1.5 Billion Chips Per Day
Data released by the State Council Information Office shows that China's total integrated circuit output by enterprises above designated size reached 279.8 billion units in the first half of 2026, a year-on-year increase of 23.1%, with an average of over 1.5 billion chips produced daily, leading the world in production capacity.
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.
Cambodia Industrial Development Conference and Expo 2026 Opens in Phnom Penh with Multinational Exhibitors
Dozens of Chinese enterprises participated in the Cambodia Industrial Development Conference and Industrial Expo 2026, showcasing industrial products and advanced technologies. The two-day event features 162 companies, including 36 from China, aiming to promote investment and technology transfer.
Memory Chip Cycle Fully Reverses as Mid-Year Reports Show Surge in Earnings
Driven by surging AI computing demand and completed inventory digestion, the memory chip sector has entered an upcycle. Companies such as Longsys and Biwin Storage reported net profit increases of tens to hundreds of times year-on-year in their mid-year reports, signaling soaring industry prosperity and a full cycle reversal.
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.
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.
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.
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.
"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.
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.
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.
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.