As of July 28, 14 listed companies disclosed their QFII holdings for the 2026 interim reports, with a total market value of approximately RMB 119.95 billion. CATL reported H1 2026 revenue of RMB 276.92 billion, up 54.8% year-on-year, and net profit of RMB 43.28 billion, up 41.98%. The company announced a share buyback of between RMB 20 billion and RMB 40 billion, to be cancelled to reduce registered capital. Other notable holdings include Jinmei Technology, which turned profitable, and Haoji Motor, which saw net profit surge 266.57%.
Mercedes-Benz launched the all-electric GLC SUV in China on July 8, with the Gold Edition priced at RMB 339,800. The model offers a CLTC range of 703 km and can add 300 km of range in 10 minutes of fast charging. The launch marks the start of the brand's second-half product offensive and a key milestone in its 140th year in China. Mercedes-Benz delivered over 110,000 vehicles in China in the second quarter, leading the premium segments above RMB 400,000 and above RMB 1 million.
Amazon surpassed Walmart to claim the top spot on the latest Fortune Global 500, ending Walmart's 12-year run as the world's largest company by revenue. Amazon reported 2025 full-year sales of $717 billion. Walmart's fiscal 2026 revenue reached $713.2 billion, up 4.7% year-on-year, or $715.9 billion excluding currency effects, up 5.1%. Adjusted operating profit rose 5.4% to $31.1 billion. Costco ranked 20th, while Tesco and Carrefour placed 105th and 106th, respectively.
Sanyou Chemical's controlled subsidiary Tangshan Sanyou Salt Chemical will acquire a 31% equity stake in Tangshan Sanyou New Materials for RMB 52.83 million, increasing its holding from 20% to 51% and making the target a controlled subsidiary. The seller is Hebei Changlu Daqinghe Salt Chemical Group, a wholly-owned unit of Sanyou Chemical's controlling shareholder. The deal aims to extend the industrial chain, reduce related-party transactions, and integrate the bromine-based business.
On July 28, Core Scientific and AMD announced a partnership focused on infrastructure. The collaboration aims to leverage both companies' expertise in high-performance computing and data center operations. No further details on the scope or financial terms were disclosed.
At the 2026 ASCO annual meeting, Peking University Cancer Hospital's Professor Shen Lin presented the ASTRUM-006 phase III study, showing that Henlius' serplulimab achieved the first global positive result for a post-surgery chemotherapy-free regimen in perioperative gastric cancer. The trial involved 57 centers and 588 patients, with a design of three cycles of preoperative chemo-immunotherapy followed by up to 17 cycles of immunotherapy alone. The study met its primary endpoint of event-free survival at the interim analysis in October 2025. Nearly half of gastric cancer patients worldwide are in China, and the Western triple chemotherapy regimen is applicable to less than 10% of East Asian populations. Over the past 30 years, the five-year survival rate for gastric cancer has improved from about 20% to 40-50%.
Baidu's autonomous ride-hailing platform Apollo Go, in partnership with Uber and European mobility platform FREENOW, began public road testing in London on July 28. The tests, using Apollo RT6 vehicles with safety drivers, mark the first Chinese autonomous vehicle trial in London's complex traffic and expand Apollo Go's presence into the right-hand drive market after its Hong Kong launch. Initial testing is in the Brent area, with public services planned from 2027.
Honor announced a three-year imaging strategy at a technology event, outlining phases for 2025, 2026, and 2027. The company also revealed a deep collaboration with ARRI, bringing LogC3 encoding, AWG3 color space, and LUTs to mobile for the first time. The Robot Phone, the first product from this partnership, is set for release on August 12, featuring the self-developed Yuguang H1 chip and a three-axis gimbal camera. Pre-orders have exceeded 200,000 units since July 18.
Changxin Technology will be added to the MSCI China All Shares Index following its initial public offering. MSCI announced the adjustment on July 28, with the change taking effect on August 10.
Haohua Energy (601101) announced on July 28 that Chairman Xue Lingguang has proposed a cash dividend for the 2026 semi-annual period. Based on the total share capital on the record date for the distribution, the total cash payout to all shareholders would be no less than 20% of the company's net profit attributable to shareholders in the consolidated statement for the first half of 2026. The plan does not include bonus shares or capital increase from reserves.
BOE A announced that its controlling shareholder, Beijing Electronic Control Co. , Ltd. , plans to increase its stake by 500 million to 1 billion yuan. The purchase will not have a fixed price or price range, with timing based on stock price movements and market trends.
UPS reported second-quarter adjusted earnings per share of $1.76 on revenue of $22.8 billion. Net income fell to $604 million, or $0.71 per share, from $1.28 billion a year earlier. The company raised its 2026 revenue guidance to $91.2 billion and noted $1.2 billion in benefits from network restructuring. Domestic revenue rose 6%, international revenue 12.5%, and supply chain solutions 7.8%.
Coca-Cola reported Q2 2026 revenue of $13.38 billion, up 7% year-on-year; net profit of $4.438 billion, up 17%; and non-GAAP EPS of $0.97, up 11%. Global unit case volume rose 5%, driven by China, India, the US and Brazil. The company raised its full-year free cash flow forecast to $12.4 billion.
Hang Lung Properties has sold a duplex unit at Peak One, a luxury residential project on Stubbs Road, The Peak, for about HK$113 million including a parking space. The 2,337-square-foot unit fetched a price of HK$48,353 per square foot. The sale marks the second transaction at the project in less than half a month. The property had undergone a complete renovation by international design firm HBA, featuring Carrara marble from the Apuan Alps in Italy and mosaic stonework from Greece, Spain and China.
A consortium led by Poly Developments and China Resources Land won a Shanghai Yangpu district plot for RMB 16.12 billion, the city's highest total land price this year, with a premium of 35.83%. On the same day, Poly Developments jointly with Xuhui City Investment secured a Xuhui district plot for RMB 7.06 billion at a 24.51% premium. Shanghai's sixth batch of land sales raised a total of RMB 23.514 billion from three residential-commercial plots.
Hailiang Group, the controlling shareholder of Hailiang Co. , plans to increase its stake in the company over the next six months. The total investment will be no less than RMB 600 million and no more than RMB 1 billion, with the purchase price capped at RMB 35 per share. The stake increase will be executed through centralized bidding and block trading on the stock exchange.
Qi-Anxin has won a bid to supply its Tianqing Endpoint Security Response System (EDR) to a state-owned energy enterprise for a terminal security detection and protection project. The project will cover office terminals across the group, including both Xinchuang and non-Xinchuang environments. It aims to build a unified antivirus and EDR protection system, enabling centralized management, full threat awareness, and rapid response to defend against viruses, ransomware, and APT attacks.
Professor Li Wensheng, Vice President of Aier Eye Hospital Group Shanghai Region, has been awarded the seventh National "Bethune-Style Good Doctor" title. With over 30 years of clinical experience, he pioneered a treatment for ultra-high myopia exceeding 2,000 degrees in 2013 and reported surgery for 3,000 degrees and above in 2023. He has performed cataract surgeries on five centenarians, including two aged 105, and completed at least 500 difficult single-eye surgeries. Li also developed a two-step anesthesia method to prevent complications. He has published over 130 papers, edited six monographs, and led 19 research projects.
On July 27, Yangtze Computing, a subsidiary of FiberHome Communications, was announced as the sole winner of Package 2 (Kunpeng Computing Resource Package) of the PICC Group core equipment procurement project (PICC Property and Casualty 2026 first batch). The bid amount exceeded 170 million yuan.
Mercedes-Benz reported a 30% drop in second-quarter China sales, outpacing the broader market decline. First-half group revenue fell 4% to EUR 63.663 billion, EBIT slipped 3% to EUR 3.451 billion, and net profit declined 6% to EUR 2.519 billion. The second quarter saw EBIT rise 22% and net profit gain 13%. Global EV sales rose 45% for battery-electric vehicles, becoming the only bright spot amid weak Chinese demand.
Autohome Inc. , a leading automotive internet platform, announced that its board of directors has approved a new share repurchase plan. The plan becomes effective on July 28, 2026, and allows the company to repurchase up to $400 million of its American depositary shares over the subsequent 12 months. The repurchase program is part of Autohome's capital allocation strategy.
On July 28, Shanxi Fenjiu issued two announcements regarding executive changes. Xu Zhifeng resigned as board secretary and will no longer hold any position. The board appointed Chen Xi as board secretary, with a term ending with the ninth board. Wang Huai resigned as deputy general manager and chief accountant due to work adjustments but retains his role as a party committee member. Song Yapeng, a senior accountant who started working in 1994, was appointed as chief accountant. Chen Xi has experience in transportation investment and Fenjiu group management, while Song Yapeng has long served in Fenjiu's finance and audit functions.
The U. S. National Highway Traffic Safety Administration (NHTSA) rejected Tesla's exemption request and ordered the recall of nearly 20,000 Model 3 and Model Y vehicles from model years 2017 to 2023 due to low-beam headlight brightness exceeding standards. A Tesla self-inspection in 2024 found that some headlamps had a maximum intensity of 230.1 candela in the 10-degree to 90-degree elevation range, nearly double the 125-candela standard. NHTSA noted that Tesla tested 50 headlamps with a defect rate close to 100% and only covered one of eight required driving scenarios, deeming the appeal insufficient.
Meta and BlackRock announced a joint venture to develop and operate a data center campus in El Paso, Texas, with development costs of about $14 billion. BlackRock-managed funds will hold 80% equity, Meta 20%. Meta will contribute about $2.3 billion in land and construction assets, while BlackRock will provide about $4.9 billion in cash. Meta will receive a one-time cash distribution of about $1 billion. The project is one of 28 data centers Meta operates or is building in the U. S. , part of its plan to invest $600 billion in data centers by 2028.
China State Construction (CSCEC) has signed a contract with Kuwait's Ministry of Public Works for the North Kabd sewage treatment plant and ancillary facilities. The contract is valued at 999.85 million Kuwaiti dinars, or approximately 22.4 billion yuan, representing about 1.1% of CSCEC's 2025 annual revenue. The project includes five years for design, construction, and commissioning, followed by five years of maintenance and operation.
Tapai Group reported a 15.3% decline in first-half revenue to RMB 1.74 billion and a 49.6% drop in net profit to RMB 219 million. The company attributed the results to weak cement demand due to prolonged heavy rain in South China and intensified market competition. Cement and clinker sales volume fell 11.84%, while cement prices dropped 5.72%.
Kingsoft Office released its 2026 first-half performance forecast on July 28 evening, citing deeper AI-office integration that turned R&D into product advantages and commercial gains, plus strong investment returns. Second-quarter core revenue and adjusted profit growth accelerated. WPS AI domestic monthly active users exceeded 80 million, boosting personal subscriptions. Enterprise product WPS 365 grew for five consecutive quarters. Overseas paid users rose 63% year-on-year. Excluding non-recurring gains from Zhipu AI's listing, adjusted net profit maintained medium-to-high growth.
In a filing, CRCC Heavy Industry announced that its cumulative new contracts and bids for the first half of the year totaled 77.53 billion yuan, representing a year-on-year increase of 0.34%.
Guocheng Mining Co. announced a share buyback plan worth between RMB 300 million and RMB 600 million, with a maximum repurchase price of RMB 45 per share. The repurchased shares will be used to fund future employee stock ownership plans or equity incentive programs, as disclosed in a regulatory filing.
Amazon has made significant adjustments to its AI product line, downgrading several Nova flagship models including Nova Premier, Nova Omni, Reel, and Canvas to maintenance status. The company also reduced staff in its AGI unit and closed the AGI Lab, established less than two years ago. The AGI unit, formerly led by Rohit Prasad who left in late 2025, is now under senior vice president Peter DeSantis. Resources are being concentrated on a few competitive frontier models led by Pieter Abbeel.