Changan Auto has terminated the capital increase and share expansion of its wholly-owned subsidiary, originally involving a total of RMB 3 billion from the company, its indirect controlling shareholder China Changan Auto, and controlling shareholder Chenzhi Group. The board approved the termination on July 30, 2026, with one resolution pending shareholder approval. The company plans to launch a new round of market-based financing, with China Changan Auto and Chenzhi Group continuing to participate.
Dinglong Co. has started production at its Qianjiang Phase II KrF/ArF high-end photoresist line, raising total annual capacity to 330 tons. The line achieves independent production of core raw materials. The company has developed over 40 high-end wafer photoresists, with nearly 30 under customer verification and eight ArF and KrF products receiving batch orders from multiple mainstream wafer fabs. Progress was also reported in CMP materials, advanced packaging, and display materials.
The China Securities Regulatory Commission (CSRC) on July 31 published nine investment-banking supervision decision letters, which together with a Shanghai bureau warning letter led to sanctions against seven securities firms, including GF Securities, Century Securities, Hongta Securities, Guoyuan Securities, Guorong Securities, Yongxing Securities and Guotai Haitong Securities. Common deficiencies included lax quality control, inadequate due diligence and internal governance weaknesses. Three firms were ordered to take corrective measures, and senior executives received warning letters. Separately, Hebei regulator fined Zhongtian Guofu Securities RMB 43.0528 million for fraudulent issuance.
CICC announced that Hu Changsheng, a senior executive, has retired due to reaching retirement age and has stepped down from his role as a member of the management committee, effective upon board approval. He will also not hold any position in the company or its controlled subsidiaries.
Huafon Chemical reported a net profit of 1.983 billion yuan for the first half of 2026, more than doubling from a year earlier. Revenue rose 16.73% to 14.167 billion yuan, and basic earnings per share were 0.4 yuan. The company disclosed its semi-annual report on July 31, highlighting strong growth in both top and bottom lines.
GigaDevice Semiconductor (603986. SH) plans to repurchase A-shares worth RMB 1 billion to RMB 2 billion for cancellation, funded by its own or borrowed funds. Chairman Zhu Yiming proposed the buyback and plans to increase his holdings by at least RMB 1 billion. The buyback represents up to 7.2% of total assets, 7.91% of net assets, and 13.61% of cash. Separately, Zhongchuang Zhiling announced a buyback of RMB 300-400 million, with 50% for cancellation and 50% for equity incentives.
Das Intellitech has recently signed a contract with CATL for a centralized procurement project of a smart factory automation control system. The system will primarily focus on high-energy-consumption equipment like central air conditioning chiller plants and apply AI-optimized energy-saving control algorithms. It will enable real-time perception, intelligent analysis, and precise control of equipment operating status. After going live, the system will help CATL improve production and operational efficiency, reduce energy consumption and operating costs, and realize value from equipment automation to energy optimization.
CITIC Bank announced on July 31 that Vice President He Jinsong has resigned due to a work adjustment. The board recently received his resignation letter. He Jinsong stepped down from the vice president position. The bank's brief statement did not provide further details on the adjustment or his future role.
Advanced Micro-Fabrication Equipment Inc. (AMEC) has recently established a wholly-owned subsidiary, Zhongwei Semiconductor Equipment (Wuhan) Co. , Ltd. The new company's business scope covers manufacturing and sales of specialized equipment for semiconductor devices and discrete semiconductor devices, expanding AMEC's footprint in the semiconductor equipment market.
Vanke held its first extraordinary general meeting of 2026 on July 31, electing a new 21st board and appointing Xu Enli as chairman, succeeding Huang Liping, who remains a director. Huang Yu was reappointed president. The meeting also set next-phase priorities, including loss reduction, asset revitalization and debt management. In the first half of 2026, Vanke delivered about 23,000 homes with a handover acceptance rate above 90%, revitalized over RMB 15 billion in inventory value, and mitigated risk on 10 public bonds. Controlling losses remains a core 2026 objective.
Wanhua Chemical's Fujian Industrial Park has resumed normal production at its 800,000 tonnes per year MDI unit and related supporting facilities after a maintenance shutdown that began on June 23, 2026, and concluded on July 31, 2026. The company confirmed the shutdown has ended and operations are back to normal.
New World Development has released the final three two-bedroom units at its Aoyun project in Rose Street, Kowloon Tong, for sale starting next Tuesday. The units, sized 515 to 561 square feet, are priced between HK$18.03 million and HK$18.97 million. The project has sold 64 units, raising over HK$2.7 billion, setting a new single-day sales record for 2026. A four-bedroom rooftop special unit previously sold for HK$91.44 million at HK$56,866 per square foot, a record for luxury presale properties in 2026.
LVMH Group has made its first public response to ongoing litigation disputes, declaring that intellectual property is an absolute core asset. The French luxury conglomerate underscored the strategic importance of protecting its brands and innovations, emphasizing that IP is central to its competitive advantage. The statement comes as the company faces legal challenges, though it did not provide details on the specific disputes.
Volkswagen and PowerCo are in talks with Gotion High-tech over control of a planned 40GWh battery plant in Spain, as Gotion faces a severe cash squeeze. The EUR 3 billion facility, delayed to end-2026, has been visited by Gotion chairman Li Zhen. Gotion sold shares for RMB 829 million in July to raise funds. Its first-quarter net profit plunged nearly 80% to just over RMB 21 million, while investment cash outflow widened 425% to RMB 4.657 billion, leaving a funding gap of approximately RMB 12.2 billion.
An Ideal L9 owner reported his vehicle missing in Hangzhou in July 2025. Surveillance showed it was towed away. The towing company presented documents suggesting an economic dispute, leading police to decline the case. The car was moved to Zhejiang, Anhui, and then driven to Kazakhstan via Xinjiang.
Cai Haoyu updated his LinkedIn profile, showing his AI company Anuttacon, founded in 2023, ceased operations in July 2026; he now identifies as an independent large language model and agent developer. Multiple Anuttacon projects, including AI game Whispers from the Star and chat app AnuNeko, have been shut down. Resource allocation shifted to nearly 90% for LLMs, with key researchers leaving for OpenAI, Microsoft AI, and Alibaba's Tongyi Lab. Cai, co-founder of miHoYo (Genshin Impact), has a net worth of RMB 81 billion according to the 2025 Hurun Rich List.
HSBC Holdings has received purchase inquiries from multiple insurers for its UK pension assets, valued at 18.7 billion pounds (about 197.3 billion Hong Kong dollars). The insurers initiated the inquiries, and HSBC has not started a formal sale process, with only preliminary discussions underway. According to HSBC UK's annual report, the pension assets had a surplus of 5.26 billion pounds as of December 2025.
Shenzhen JLCJ Technology Group announced its A-share IPO subscription results, with over 16.36 million valid subscribers and 144.5 billion valid shares subscribed, resulting in a final lottery rate of approximately 0.0218% and an oversubscription multiple exceeding 4,577 times. The company's post-issuance total market capitalization is about RMB 46.9 billion. In 2025, JLCJ's revenue surpassed RMB 10 billion for the first time, reaching RMB 10.232 billion, with net profit of RMB 1.306 billion.
Samsung is developing a new ear-hook design for its Galaxy Buds true wireless earbuds, internally codenamed Buds Canal 5. Leaked design images, matching the source of a previous Galaxy Buds On leak, indicate the company is exploring two new market segments alongside its existing in-ear and semi-in-ear lines. The ear-hook model targets sports enthusiasts with a focus on running and fitness. A charging case is expected but not yet revealed. The official launch date is unconfirmed, but if released simultaneously, Samsung would introduce both ear-hook and open-type TWS earbuds in one product cycle.
Nintendo UK has announced two amiibo figures themed around the reboot of The Legend of Zelda and three amiibo from Kirby-related games. Each figure will retail for 41.99 pounds, with a release date set for November 12, 2026. amiibo typically launch on the same day as their corresponding games; currently, no Switch 2 games are scheduled for November.
Tesla CEO Elon Musk denied a media report that the company was considering selling or divesting its China business to facilitate a potential merger with SpaceX. The report, citing sources, claimed Tesla executives were told to prepare for such a move and that advisory teams had discussed options including a spin-off, sale, or closure. Musk called the report "fake news" and said the matter was never discussed.
Hongfa Shares disclosed its 2026 interim report, with second-quarter revenue and net profit hitting record highs since listing. Gross margin rebounded 1.1 percentage points quarter-on-quarter to 33.2%, supported by price adjustments and lower raw material costs. Headline profit growth lagged revenue growth due to one-off exchange losses and provisions, but excluding these, profit growth was broadly in line with revenue. Orders in hand cover through 2027, and capacity utilization rose above 85%. Core products, including high-voltage DC relays, gained global share. Operating cash flow fell year-on-year, and inventory remained high due to raw material stocking.
Costco has partnered with JD. com as its sole official e-commerce partner in China, launching a flagship store with about 700 products. Non-members can purchase at a 20% premium over member prices. Delivery via JD Logistics covers over 2,800 districts and counties nationwide. Costco has only seven physical stores in mainland China, with 2025 sales of 10 billion RMB, up 14.9% year-on-year. Global CEO Ron Vachris visited China for the first time since his 2024 appointment.
NAURA has officially launched its third-generation 12-inch full quartz vertical silicon nitride LPCVD equipment, model SICRIUS SN302D II, for the global market. The system is designed for applications in memory, advanced logic, silicon photonic integration, and high-end sensors.
Apple CEO Tim Cook said on July 30 during an earnings call that rising storage chip prices are increasing costs, prompting the company to evaluate all available options. He noted that the DRAM market is dominated by three suppliers, and a broader supplier base could improve supply and positively influence product pricing.
Amazon disclosed it received $600 million in tariff refunds following a US Supreme Court ruling that invalidated tariffs imposed under the International Emergency Economic Powers Act of 1977. Chief Financial Officer Brian Olsavsky said the refund was received in the second quarter. Amazon plans to return a portion to consumers, but the scope is limited because the company was not the legal importer for most items on its platform. Third-party sellers, which account for over 60% of Amazon's sales, have already applied for refunds.
A former Xiaohongshu employee, Chen Hao, reported a contradiction in the company's VIE structure disclosure after a court ruled that overseas stock options granted by a related entity constituted labor compensation. The Guangzhou court ordered Xiaohongshu to pay about 850,000 RMB in damages, including compensation for wrongful termination and option losses. Chen Hao subsequently filed complaints with the Hong Kong Stock Exchange and the CSRC, alleging that Xiaohongshu claimed no control over the overseas option issuer in labor litigation but must prove 100% control for its Hong Kong IPO. The case is seen as a landmark ruling on VIE structure and option compensation.
Lingxin Qiaoshou, a dexterous hand developer founded three years ago, reached a RMB 20 billion valuation in its B+ funding round, with its next round already approaching RMB 40 billion. The company generated less than RMB 300 million in revenue in 2025. It covers three technical routes—direct drive, tendon-driven, and linkage—and offers products ranging from a subsidized RMB 3,999 entry-level model to a high-end research version supporting up to 42 degrees of freedom. Founder Zhou Yong described the company's growth in five stages. Lingxin Qiaoshou uses a 'dexterous hands making dexterous hands' production model and has built a full-stack self-developed system including the LinkerSkillNet skill library with over 500 standardized hand skills.
Microsoft CEO Satya Nadella confirmed at the FY2026 fourth-quarter earnings call that the company is increasing investment in Windows to improve quality and foundational experience. Quarterly revenue reached $90 billion, up 18% year-on-year, while full-year cloud revenue exceeded $214 billion. However, personal computing revenue, including Windows, fell 4% quarter-on-quarter, with Windows OEM revenue down 7%. Nadella emphasized optimizing Windows 11 stability and performance, building on prior commitments to enhance low-memory device performance, streamline updates, and refocus on core user experience.
A total of 35 A-share companies released 36 share buyback-related announcements. Among them, four companies' shareholders proposed buybacks, 11 disclosed initial plans, one passed a shareholder vote, 14 reported implementation progress, and six completed buybacks. Sanhuan Group plans to repurchase up to RMB 1 billion, while SF Holdings has completed nearly RMB 6 billion in buybacks year-to-date. As of July 31, 880 buyback plans have been completed since 2026, involving 704 companies, with 196 firms completing over RMB 1 billion each.