Since July, Industrial and Commercial Bank of China (ICBC), Bank of Communications (BoCom) and China Construction Bank (CCB) have issued 160 billion yuan in new tier-2 capital bonds. Additionally, ICBC and Bank of China (BOC) completed 50 billion yuan in perpetual bonds this month. The bonds carry coupon rates of 1.88% to 1.91% and are used to replenish capital. Total bank issuance of tier-2 and perpetual bonds this year has reached about 1.23 trillion yuan, with large banks accounting for over 67% of the volume.
Zhongji Innolight disclosed during a July 28 conference call that orders from nearly all customers now cover the full year 2026, with some extending to 2027 and delivery plans broken down monthly. The company noted strong demand visibility for 800G, 1.6T, 2.4T, and NPO products in 2027. Additionally, key clients have provided guidance for 2028 new products, with substantial amounts indicated. Management said downstream clients' capital expenditure remains sustainable, supporting further industry investment.
On July 28, Tianfu Communication's stock fell 13.21%, though its year-to-date gain remains 25.41%. The company's board secretary said AI computing power is driving demand for optical interconnection, with optical components as a key infrastructure. Tianfu Communication has begun mass production of its 1.6T optical engine and is delivering CPO-related FAU and ELS products. The company is expanding capacity in Suzhou, Jiangxi, and Thailand, with the Suzhou R&D center starting construction in April 2026.
Apple plans to launch a smart home hub with a 7-inch display, a new Apple TV, and an upgraded HomePod Mini, all powered by an enhanced Siri AI. The hub will compete with Amazon Echo Show and Google Nest Hub, featuring FaceTime, security monitoring, and smart home controls. Development began in 2024, but hardware releases have been delayed multiple times, now expected in spring 2026. The new Apple TV and HomePod Mini will have faster processors and higher prices at US$199 and US$129 respectively. Apple is also developing a robotic version and a security camera.
Coca-Cola reported second-quarter 2026 revenue of $13.38 billion, up 7% year-on-year, with net profit rising 16% to $4.43 billion, or $1.03 per share. Adjusted EPS came in at $0.97. Volume growth returned as the main driver, with concentrate sales up 4% and unit case volume up 5%. Zero-sugar Coke surged 16%. Regional performance varied, led by Latin America, which grew 16% on World Cup marketing. The company raised its full-year guidance for the second time this year.
Cambricon announced a 2026 restricted stock incentive plan, granting 5 million shares (0.80% of total shares) at RMB 750 each. The initial grant of 4 million shares covers 945 employees (85.37% of staff). Performance targets require 2026 revenue of at least RMB 13.5 billion, cumulative 2026-2027 revenue of at least RMB 40.5 billion, and cumulative 2026-2028 revenue of at least RMB 100 billion. A third category also targets net profit growth of at least 300% in 2027 and 500% in 2028 versus a 2025 base. Cambricon, founded in 2016 and listed on the STAR Market in 2020, achieved its first profitable year in 2025 with revenue of RMB 6.497 billion, up 453.21% year-on-year. As of July 2026, its market capitalization exceeded RMB 700 billion.
Zhongji Innolight's A-shares closed over 4% higher on July 29 after the company announced a buyback plan of RMB 40 billion to RMB 80 billion, following a 0.92% decline in its H-share dark pool trading from the IPO price of 980 HKD. The dark pool saw a low of 931 HKD, down 5%. The buyback price is capped at 150% of the 30-day average price. The stock opened 0.77% higher on the news. A-shares had fallen over 30% from a peak. The company reported 2025 revenue of RMB 382.40 billion and net profit of RMB 108 billion.
Funeng Co. , Ltd. plans to transfer its 100% stake in wholly-owned subsidiary Fujian Funeng Nanfang Health Materials to its indirect controlling shareholder Fujian Energy and Petrochemical Group. The textile business recorded a net loss of 72.35 million yuan in 2025 and has been loss-making since 2021. The deal will remove the textile operations from the company's consolidated statements, allowing Funeng to focus on its core power business and accelerate its transformation into a pure integrated energy platform.
Samsung plans to use its 2nm SF2P process and Side-by-Side (SbS) packaging for the next flagship Exynos 2700 SoC, achieving a peak clock of 4.20GHz, up from 3.9GHz in the Exynos 2600. The SbS architecture places SoC and DRAM horizontally, improving heat dissipation and enabling 30-40% higher memory bandwidth. Samsung will ship pre-integrated modules, requiring terminal makers to commit early to memory configurations. SbS is expected only for ultra-flagship models.
On the evening of July 28, several A-share listed companies disclosed share repurchase or shareholder increase plans. Zhongji Innolight proposed a buyback of 40 billion to 80 billion yuan for equity incentives. Beijing Electronics plans to increase its stake in Jingdong A by 5 billion to 10 billion yuan. Since July 2026, about 250 companies have announced plans totaling 891.2 billion yuan, a scale not seen since 2000. CATL, with a 400 billion yuan buyback, reported a 54.8% revenue rise and a 41.98% net profit increase.
Tesla and ContourGlobal have signed a long-term power purchase agreement (PPA) for the Sterling renewable energy project. The PPA will supply Tesla with 1 TWh of electricity per year from the project, supporting the company's renewable energy targets. This partnership underscores the increasing role of corporate PPAs in driving renewable energy development.
Moonshot AI completed a Series F funding round of over $3.5 billion, raising its post-money valuation to $35 billion. The company accelerated its Series G pre-IPO round with a pre-money valuation of $50 billion, targeting a Hong Kong listing in 2026. Its annual recurring revenue exceeded $300 million as of June 2026, with API revenue accounting for over 70%.
The DRC’s Centre for Mining Expertise, Evaluation and Certification (CEEC) on July 22 certified the first batch of lithium products from Manono Lithium, a project majority-owned by Zijin Mining (54.9%). The shipment departed from Kalemie port in Tanganyika province, marking the DRC’s first lithium export certification as it enters the league of lithium-exporting nations.
Yueda Kia announced the new Seltos SUV will open pre-sales in China on August 13. The compact SUV features a 27-inch ultra-thin wide display, Qualcomm Snapdragon 8295P chip, and Baidu ERNIE Bot AI. Global sales of the Seltos reached about 300,000 units in 2025, with over 177,000 sold in the first half of this year. The vehicle offers two powertrains: a 1.5-liter engine with IVT and a 1.5T with 8AT, producing up to 200 hp.
On July 28, Shuangliang Group Co. , Ltd. and Zhejiang Huaxia Smart Energy Group Co. signed a strategic cooperation agreement. The partnership will leverage their respective technical and resource advantages to focus on zero-carbon cities, industrial parks, and buildings. They will explore a "product supply plus investment" model, encompassing contract energy management (EMC) and investment-financing-construction-operation (F+EPC+O) pathways.
Wuliangye announced on July 28 that it has split the roles of board secretary and chief financial officer, appointing Li Jianwei as deputy general manager and board secretary. Zhang Xin, who previously held both roles, will remain as director, deputy general manager and CFO. The change aligns with new regulatory rules effective May 24, 2026, which prohibit the board secretary from concurrently serving as CFO. The company also accepted the resignation of director Xiao Hao.
China Energy Engineering Group held its 2026 mid-year work meeting on July 28, outlining eight key tasks for the second half of the year. The priorities include strengthening strategic planning, prioritizing profitability, driving innovation and digital transformation, expanding international operations, deepening reforms, enhancing lean management, mitigating major risks, and reinforcing high-quality Party building to support enterprise development.
On July 28, 2026, Apple launched the 'Apple Upgrade' hardware rental program in the United States in partnership with buy-now-pay-later provider Klarna. The plan covers iPhone, Apple Watch, Mac, and iPad at Apple retail and online stores, with terms from 12 to 36 months after a soft credit check. Monthly rentals start at $17.99 for iPhone, $11.99 for Apple Watch, $24.99 for MacBook Air, and $11.99 for iPad Air. Unlocked iPhone 17 Pro costs $31.99 per month over two years or $45.99 over one year. No deposit is required, and Klarna does not charge late fees, but contracts are terminated after three consecutive missed payments. Apple is discontinuing the iPhone Upgrade Program and migrating existing users to the new plan.
Changxin Technology listed on the STAR Market on July 27, raising RMB 57.919 billion in the largest IPO on the board, surpassing Semiconductor Manufacturing International Corp.' s record. The stock surged 465.82% on debut, lifting its market capitalization to RMB 3.27 trillion. Separately, Xi'an Unigroup Guoxin filed for a listing on the Beijing Stock Exchange on June 30, 2026. Both companies trace their technology lineage to Qimonda, the German DRAM maker that collapsed in 2009. Changxin follows an IDM model, while Unigroup Guoxin operates as a fabless firm.
Wuliangye announced on July 28 that director Xiao Hao has resigned from his roles as director of the seventh board of directors and member of the strategic committee, citing work changes. Following the resignation, Xiao Hao will no longer hold any position in the company or its subsidiaries. As of the announcement date, Xiao Hao did not own any shares of the company.
LVMH reported a 3% decline in first-half 2026 revenue to 38.6 billion euros, while net profit held steady at 5.7 billion euros. The group is streamlining its portfolio, considering the sale of non-core brands such as Marc Jacobs, and has already transferred its DFS Greater China interests to China Tourism Group Duty Free for $395 million. Asian sales (ex-Japan) grew 6% in the half, with slower second-quarter growth of 4%.
COOEC has completed and delivered the 'Qinghai' compressor skid equipment, a key component for the Huizhou 25-4 oilfield comprehensive adjustment and Huizhou 19-6 oilfield 5d well area development project. The on-time delivery will support oil and gas reserve and production increases in the eastern South China Sea.
Hilton reported Q2 2026 net profit attributable to shareholders of $482 million, up 9% year-on-year, on total revenue of $3.341 billion, up 6.5%. System-wide RevPAR increased 3.9% to $125.02, with occupancy at 74.5%. The Middle East and Africa region underperformed, with occupancy declining 16.1% to 53%. Asia Pacific occupancy rose 1 percentage point to 68.6%. The development pipeline grew 6% to 541,300 rooms. Hilton also launched Tempo by Hilton in Asia Pacific, with initial hotels in China.
Yandong Micro announced that its controlling shareholder's subsidiary, Beijing Electric Control Industry Investment Co. , Ltd. , intends to increase its shareholding through centralized bidding. The total amount of the planned share purchase is set at no less than RMB 150 million and no more than RMB 300 million.
SAIC Motor ranked 125th on the 2026 Fortune Global 500, up 13 places from a year earlier, with consolidated revenue of US$91.301 billion for fiscal 2025. The Chinese automaker, now on the list for the 22nd consecutive year, sold 4.507 million vehicles in 2025, up 12.3% year-on-year, and reported total revenue of RMB 656.24 billion, up 4.6%. Net profit attributable to shareholders reached RMB 10.11 billion, rising sharply. In the first half of 2026, SAIC sold 2.045 million vehicles, the only Chinese automaker to exceed 2 million units in the period.
Guangdong Aofei Data Technology Co. , Ltd. and Ruijie Networks Co. have signed a strategic cooperation framework agreement in Fuzhou. The partnership will focus on intelligent computing network infrastructure, data center network construction, and computing power leasing, aiming to deliver integrated computing power and network solutions to clients.
Kedali announced a plan to repurchase shares worth between RMB 150 million and RMB 300 million for employee stock ownership or equity incentive plans, with a maximum buyback price of RMB 292 per share.
Pop Mart City Park will open the Wonder Forest zone on July 30 and introduce a tiered ticket system, its second price increase this year. Standard weekday tickets start at RMB 178, up from RMB 148 in April. The park, which opened in September 2023, achieved profitability in its first year. In 2025, revenue reached RMB 37.12 billion, up 184.7% year-on-year, and adjusted net profit rose 284.5%. Visitor numbers grew 70% in 2025 versus 2024. Non-parent visitors accounted for 59% and out-of-town visitors 58%.
Weijie Chuangxin announced a plan to repurchase its shares using RMB 80 million to RMB 100 million of its own funds through centralized bidding, at a price not exceeding RMB 45.09 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives.
Starchip Technology forecast its 2026 first-half net profit attributable to shareholders at RMB 820 million to RMB 900 million, surging 583% to 650% year-on-year, with revenue climbing 87% to 94% to RMB 2.62 billion to RMB 2.72 billion. The company's 2025 robot chip shipments exceeded 10 million units. Starchip, the world's largest visual AI SoC supplier in 2024 with a 26.7% global share and a 41.2% security market share, also acquired a 53.3087% stake in Furui Kun Microelectronics in late 2025. MediaTek remains its largest shareholder with 28.74%.