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Industry news and transmission signals

Supply, demand, capacity, technology and policy events with quantified transmission across 139 industries.

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A-sharesImportance 65

China Construction Bank Enshi Branch Pilots Lunch Break, Sparking Debate on Branch Operations

Starting August 3, 2026, all branches of China Construction Bank's Enshi division will trial a workday lunch break from 12:30 to 14:00, suspending all manual teller services while keeping self-service and online channels 24/7. This marks the first such pilot at a state-owned bank branch level, triggering social media discussion. The trial comes amid industry shifts in bank operating hours, and follows an audit report revealing 1.41 trillion yuan in inflated deposits and loans due to 'involution' competition, plus regulatory fines for deposit targets. The trial's duration remains undetermined.

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02
OtherImportance 65

US Companies Bet on Low-Speed EVs; Fiat and Chip Motors Offer $15,000 Models

US automakers are increasingly betting on low-speed electric vehicles (LSVs), a niche between golf carts and light cars. Fiat plans to sell its electric Topolino in the US at about $15,000, while California startup Chip Motors offers a similar-priced “Chip” model. President Trump has voiced support for micro cars, and regulation is lenient, with a 25 mph speed cap and no airbag requirement. Industry players see the segment growing, targeting short trips in gated communities.

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03
A-sharesImportance 85

2026 Power Battery Recycling Sector Faces Compliance Shakeout as New Rules Take Effect

A new regulation on power battery recycling, effective April 1, 2026, mandates mandatory scrapping and full-lifecycle digital traceability, reshaping China's recycling market. Over 1,200 illegal sites have been closed. In 2025, retired batteries totaled 820,000 tonnes, with over 400,000 tonnes recycled. The 2024 market exceeded RMB 48 billion. GEM recycled 53,000 tonnes in 2025 (up 46%) and plans to expand to 80,000 tonnes in 2026. European and Chinese companies are deepening partnerships, including Suez's acquisition of a 35% stake in Xunying New Energy and Gotion's EUR 950 million Spanish project.

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04
OtherImportance 85

China's AI Industry Scale Exceeds RMB 1.2 Trillion in 2025, Up 40% Year-on-Year

According to the China Academy of Information and Communications Technology (CAICT), China's artificial intelligence industry surpassed RMB 1.2 trillion in scale in 2025, a 40% year-on-year increase. As of June 2026, the number of AI enterprises in China exceeded 6,600, accounting for 15% of the global total. The industry now spans a complete system covering foundational infrastructure, model frameworks, and sector applications.

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05
OtherImportance 85

2026 Commercial Bank Interbank Deposit Certificate Quota Drops to RMB 30.3 Trillion, Reversing Growth Trend

Quotas for 318 commercial banks' interbank deposit certificates totalled RMB 30.3 trillion in 2026, down RMB 1.6 trillion or 5% from 2025, reversing a sustained growth trend. The filing was delayed until July, reflecting weak real-economy financing demand and an asset shortage as deposit growth outpaced loan growth. RMB loan growth hit a record low of 5.2% in June 2026. Adjustments were uneven: Industrial Bank cut its quota by RMB 600 billion, while Agricultural Bank of China and China Construction Bank raised theirs.

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06
OtherImportance 65

Glass-Based Advanced Packaging Draws Display Makers; TCL CSOT Targets 2026 Sample Showcase

Glass-based advanced packaging is becoming a new battleground for semiconductor display makers as AI chips outpace traditional organic substrates. TCL CSOT CEO Zhao Jun said at Shanghai ChinaJoy that the company has formed a team to verify key glass-based packaging processes, aiming to show samples and build a pilot line development platform in the second half of 2026. BOE invested RMB 993 million in 2024 in a glass-based packaging carrier test line, and Tianma has built the MPG multi-project glass substrate technology platform. Large-scale commercialization remains uncertain.

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07
OtherImportance 80

ChinaJoy 2026 Closes in Shanghai; H1 Game Revenue Hits RMB 188.45 Billion

ChinaJoy 2026 closed in Shanghai on August 3, covering over 140,000 square meters and hosting 900-plus exhibitors from 39 countries and regions. The event highlighted AI in gaming, with 86% of game companies adopting AI. China's game market revenue reached RMB 188.45 billion in the first half of 2026, up 12.17% year on year, while overseas revenue from self-developed games hit USD 12.372 billion, up 30.22%.

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08
OtherImportance 55

China Banking Association Report: 64 Financial Leasing Firms, RMB 5.23 Trillion Assets, 0.91% NPL in 2025

The China Banking Association's China Financial Leasing Industry Development Report (2026) showed that China had 64 financial leasing companies as of end-2025. Their total assets reached RMB 5.23 trillion, up 7.89% year on year. The industry's non-performing financing lease asset ratio was 0.91%. The figures highlight the sector's continued expansion and stable overall asset quality at the close of 2025.

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09
OtherImportance 75

Semiconductor H1 2026 Investments RMB 162.7 Billion, AI Overtakes by Nearly RMB 20 Billion

In the first half of 2026, semiconductor private-market funding reached RMB 162.7 billion across 912 deals, but AI surpassed it with RMB 181.2 billion across 885 deals, marking the first time since 2020 that semiconductor was not the largest sector. Chip design led with 358 deals, while Shanghai Xinsheng received RMB 11.448 billion for 300mm wafer capacity, representing 7% of the total. Corporate investors dominated, with SMIC Capital and others active, and Shanghai led regional funding.

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10
OtherImportance 80

China AI 2026: Large Model Market Exceeds RMB 70 Billion, Agent Market RMB 44.9 Billion, 72% Adoption

China's AI industry in 2026 shows robust growth: the large model market exceeded RMB 70 billion, enterprise agent market reached RMB 44.9 billion, and 72% of enterprises completed Agent pilots. Meanwhile, industrial AI adoption rose from 9.6% in 2024 to 47.5% in 2025, small models cut costs by 95% in specific scenarios, and 47% of organizations reported AI-related security incidents. These figures highlight rapid expansion alongside governance challenges.

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11
A-sharesImportance 82

Chinese Auto Sales Rise in July as Monthly Exports Top 1 Million for First Time

Several Chinese automakers reported year-on-year sales growth in July, with exports becoming the core driver. BYD sold 419,200 vehicles, up 21.75% year on year, and exported 180,500 new-energy vehicles, up 123.6%, with exports accounting for 43.1% of total sales. Geely, Chery, and Great Wall also posted strong export gains. Industry-wide June exports rose 75.1% to 1.037 million units, the first monthly figure above one million, while half-year exports climbed 65.3% to 5.096 million units.

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12
OtherImportance 75

China's H1 2026 GDP Rises 4.7% to RMB 69.57 Trillion; Summer Tourism Promotions Launched

China's first-half 2026 GDP reached RMB 69.57 trillion, up 4.7% year on year, with the tertiary sector adding RMB 41.37 trillion, up 5.2%. To boost summer consumption, regions nationwide launched cultural tourism activities, including Guizhou's cool-climate retreats, Sanya's island stamp-collection tours, Chongqing's night-time performances, and Heilongjiang's 100-day summer escape initiative. Shaoxing, Shenzhen, Zhengzhou, and Ordos also introduced themed events, immersive experiences, and traditional cultural offerings to attract visitors and stimulate spending.

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13
OtherImportance 85

China Self-Developed Games' Overseas Revenue Surges Over 30% in H1 2026

In the first half of 2026, China's self-developed games generated $12.37 billion in overseas revenue (about RMB 83.56 billion), a year-over-year increase of over 30% and the fastest growth in six years. Domestic market revenue grew 16% during the same period. The gains were supported by long-running titles and new launches, despite global customer acquisition costs rising 30% and intensifying competition. Chinese publishers claimed 41.6% of global top-100 mobile game revenue, with 38 firms ranked among the top 100.

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14
OtherImportance 60

China Insurance Premiums Rise 3.3% in First Half; Disaster Claims Reach RMB 11.05 Billion

China's insurance industry reported original premium income of RMB 3.86 trillion in the first half of 2026, up 3.3% year on year, with claims and benefits paid reaching RMB 1.40 trillion, up 3.8%. Property insurers saw premiums rise 2.1% to RMB 984.6 billion, while life insurers grew 3.6% to RMB 2.8716 trillion. For natural disasters affecting 20 provinces since May, the industry received 533,000 claims with estimated losses of RMB 11.05 billion, paying RMB 5.53 billion so far.

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15
A-sharesImportance 70

First Batch of Active ETFs Nears Launch as Fund Companies Prepare

China's first batch of actively managed exchange-traded funds is nearing launch, with fund companies conducting final compliance checks and system tests. The 18 participating fund managers split evenly between discretionary stock selection and quantitative strategies. Line-ups include value-style Wang Junzheng at Huaxia, Morgan's Li Bo, and quantitative specialists at Fullgoal and China Universal. Several firms assign dual managers—an active equity manager plus an ETF specialist—to handle creation and redemption logistics. Active ETFs require more complex systems than passive products, with daily holdings disclosure and benchmark constraints. China's ETF market stands near RMB 5 trillion.

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16
A-sharesImportance 75

Global Smartphone Market Shifts to Value Growth as Q2 Revenue Hits Record, Shipments Fall to Decade Low

In Q2 2026, global smartphone industry revenue rose 7% year-on-year to a record $109 billion, while shipments fell 11% to their lowest second-quarter level since 2013. Average selling prices jumped 17% to $400, driven by premium-market shifts and rising storage costs. Apple led with a 49% revenue share, followed by Samsung at 16%. Xiaomi, OPPO, and vivo saw revenue declines amid price hikes.

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17
OtherImportance 78

Guangzhou Nansha Launches Global Trade Cluster and Two Centers; 2025 Trade at RMB 295.9 Billion

Guangzhou Nansha launched a global cross-border trade industrial cluster on July 30, inaugurating the Guangdong Ciyuan Trading and Service Center and the Greater Bay Area Auto Export Preparation Center. Nansha's 2025 foreign trade reached RMB 295.9 billion, up 13.2% year on year, ranking first in the city. The 83,000-square-meter cluster, operated by state-owned Nansha Kaijian Group, integrates customs, tax, settlement, financing, warehousing, licensing, trade, and logistics services. The port's annual throughput exceeded 22 million TEUs. Meanwhile, regional logistics vacancy hit a record 15.2% and rents fell 12.4% amid tariff uncertainty and supply growth.

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18
OtherImportance 72

ChinaJoy 2026 Opens in Shanghai, Qualcomm Showcases 300+ Devices, Game Users Reach 684 Million

ChinaJoy 2026 opened in Shanghai on July 31, featuring Qualcomm's Snapdragon pavilion with over 300 devices and 200 interactive projects. Despite the absence of major PC hardware makers, the event drew strong participation. According to the 2026 China Game Industry Report, domestic game users reached 684 million, up 0.82% year-on-year, and H1 industry revenue hit RMB188.45 billion, up 12.17%. PC game revenue grew 27.92%, outpacing mobile gaming's 7.9%.

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19
OtherImportance 75

China Property Sales Fall Seasonally in July 2026 as Poly Leads with RMB 150 Billion

China's property market saw seasonal decline in July 2026, with top developers' cumulative equity sales reaching RMB 1,241.14 billion in January-July, narrowing their year-on-year decline. Poly Development led full-caliber sales with RMB 150 billion, followed by China Overseas Land at RMB 149.46 billion. Market divergence persisted: four developers posted growth exceeding 100%, while only 15.2% of private firms grew over 30% and nearly 80% declined. New home transactions in 50 cities fell 9% year-on-year, while second-hand volume rose 11%.

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20
OtherImportance 70

China's First-Half 2026 Electronic Information Manufacturing Value Added Up 14.8%

In the first half of 2026, China's above-scale electronic information manufacturing value added rose 14.8% year on year, outpacing overall industry and high-tech manufacturing. Revenue reached RMB 9.41 trillion, up 18.5%, while total profits came to RMB 577.7 billion. Export delivery value increased 7.8%, and fixed-asset investment grew 6.5%. Industrial robot output rose 28% to 538,000 sets, and new energy vehicle output rose 6% to 7.399 million units.

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21
OtherImportance 72

Electric Vehicle Charging Equipment 3C Certification Mandatory From Aug 1; Uncertified Products Banned From

China has made China Compulsory Certification (CCC) mandatory for electric-vehicle charging equipment from Aug 1, banning uncertified products from leaving factories, being sold, imported or used in operations. The regime covers AC and DC chargers, including home and public units. Most leading manufacturers have obtained certification, while some smaller firms are seeking contract manufacturing or maintenance work. By end-June 2026, charging infrastructure reached 23.057 million units, up 43.2% year on year; a 2025 SAMR sampling showed a 49.1% failure rate.

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22
OtherImportance 75

ChinaJoy 2026 Focuses on Playing with AI as Adoption Hits 86% and Competition Intensifies

At the 23rd ChinaJoy in Shanghai on July 31, 2026, the official theme “Playing with AI” highlighted AI’s growing role in gaming. Domestic game companies’ AI adoption reached 86%, and Steam listed over 10,000 AI-assisted games, more than 8% of its catalogue. AI-related sessions at the March 2026 Game Developers Conference rose over 110% from 2025. AI translation achieved 95% accuracy, and intelligent customer service resolved 80% of queries. The event showcased AI-driven development, including rapid prototyping and indie games, while TapTap noted a near tenfold increase in new games, intensifying competition.

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24
OtherImportance 75

China Implements National Standard for Electric Vehicle Power Battery Durability

China has implemented a national standard on electric vehicle power battery durability, defining battery available energy state as the ratio of current usable energy to new-battery usable energy. On-board readings must not deviate from measured values by more than 5%, and virtual mileage conversions must stay within 3% of measured equivalents. For light-duty passenger cars, the battery available energy state must remain at least 82% after 5 years or 100,000 km, 75% after 8 years or 160,000 km, and 70% after 10 years or 200,000 km.

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25
OtherImportance 68

Lujiazui Financial Salon Focuses on AI in Private Securities Funds as AUM Reaches RMB 7.08 Trillion

At a Lujiazui Financial Salon focused on AI in private securities investment funds, a report showed industry AUM reached RMB 7.08 trillion, up one-third in 2025, driven by quantitative private funds. In a survey of 57 institutions, more than half had written AI into development plans, and 70% said AI brought clear efficiency gains while human review remained standard. Roundtable panelists discussed AI applications, alternative data challenges, and large-model hallucination risk controls. The event was guided by the Shanghai Municipal Financial Commission and Pudong New Area government and hosted by the Lujiazui Financial Salon Secretariat.

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26
OtherImportance 72

National sports regulator issues 15th Five-Year Plan, setting five targets including RMB 7 trillion industry

China's National Sports Administration has issued the 15th Five-Year Plan for Building a Sporting Powerhouse, the first national special plan on the theme, setting five key targets for 2030, including total sports industry scale exceeding RMB 7 trillion. The plan supports multi-sport events since summer 2026. In the 2025 City Football League, 85 matches drew 2.43 million spectators, with 95.9% of attendees making extra purchases, as a RMB 1 ticket generated RMB 7.3 in related spending. In May 2026, the Northeast Super League became China's first cross-provincial city football league.

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27
OtherImportance 58

Lenovo Becomes FIFA's First Technology Partner for 2026 World Cup; AI Revenue Reaches One-Third of Group Total

Lenovo, FIFA's first technology partner, will supply AI for broadcasting, officiating and operations at the 2026 World Cup, with AI-related revenue making up one-third of group total. At the tournament, stabilisation cut camera shake by 50% to 70% with 2-3 second latency, feeds drew over 20 billion exposures, and 87% of fans said the experience improved. The system covers 48 teams and 16 languages.

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28
OtherImportance 85

China July PMI Drops to 49.2% in Manufacturing, 49% in Services

China's National Bureau of Statistics reported July PMI data showing manufacturing at 49.2%, non-manufacturing at 49.0%, and composite at 49.3%, all declining from June by 1.1, 1.2, and 1.3 percentage points respectively. Equipment and high-tech manufacturing PMI stood at 51.4% and 53.3%, well above the overall level. Separately, the low-altitude economy, now under strengthened regulation with a revised civil aviation law effective July 1, 2026, has grown from about RMB 280 billion in 2020 to RMB 1.5 trillion in 2025, with one company's 'land aircraft carrier' product receiving over 7,000 orders.

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29
OtherImportance 72

Top 100 China Developers' Sales Decline Narrows for Fifth Month; First-Tier Cities Improve in Jan-Jul 2026

In the first seven months of 2026, cumulative sales of China's top 100 real estate developers reached approximately 1.80 trillion yuan, with the year-on-year decline narrowing for the fifth consecutive month. Poly Developments, China Overseas Land & Investment, and China Resources Land led with sales of 150 billion yuan, 149.46 billion yuan, and 130.6 billion yuan, respectively. Five developers posted sales above 100 billion yuan, unchanged from 2025. On equity sales, China Overseas grew 13.3% year-on-year, while four developers recorded growth exceeding 100%, led by Zhongjian Jiuhe at 222.6%. First-tier cities showed significant improvement, with Shanghai's new home sales area rising and a land plot in Yangpu District setting a record unit price of 102,023 yuan per square meter.

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A-sharesImportance 82

State Council Approves Four Nuclear Power Projects Adding Eight Units, Led by Indigenous Generation III

China's State Council approved four nuclear power projects on July 31, adding eight units. The approvals cover Jinqimen Phase II in Zhejiang, Taipingling Phase III in Guangdong, Zhuanghe Phase I in Liaoning and Laiyang Phase I in Shandong. Six units will use the indigenous Hualong One design, with Jinqimen II and Taipingling III designated Hualong One 2.0 demonstration projects; Laiyang will use the Guohe One design. The projects are developed by CNNC, CGN and SPIC. Approvals extend the 2022–2025 run of at least 10 units per year; by end-2025 operating capacity stood at 62.52 million kW.

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