Zhongji buys back shares to stabilize prices before Hong Kong IPO, amid risk of onshore stock decline impacting offshore listing success.
ChangXin Memory Technologies (CXMT) debuts on Shanghai exchange with a 466% share price surge, achieving a market capitalisation of 3.28 trillion yuan, surpassing all mainland China onshore listings. The semiconductor firm's unprecedented trading volume exceeded 140 billion yuan, prompting regulatory meetings to address market stability concerns.
China completes 11.9km Yangtze River Railway Tunnel, a key link in a high-speed line connecting Chongqing with Xiamen, overcoming geological and urban challenges.
A Chinese secondary school graduate, Yuanyuan, works alongside her single mother at a Guangdong construction site to earn university tuition fees, after sitting for the gaokao exam in June.
Tencent Holdings dismissed a WeChat division project manager, surnamed Ye, after details of his 3.17 million yuan bonus package leaked online. The company cited his passing sensitive corporate information to external parties, causing severe negative impact.
Chinese battery giant CATL reported record second-quarter revenue of 147.79 billion yuan and net profit of 22.5 billion yuan, up 56.92% and 36.5% year-on-year respectively. However, these figures slightly missed market estimates, attributed to weakening EV demand in China. The company also announced a plan to buy back up to 40 billion yuan in shares.
The Russian stock market experienced a decline at the start of the main trading session, with both the MOEX and RTS indices falling. Concurrently, the yuan weakened against the ruble, dropping below 11.5 rubles for the first time since July 16, 2026.
Maxone Semiconductor Suzhou's president, Zhou Ming, transferred 6 billion yuan worth of company shares to his ex-wife as part of a divorce settlement, causing concern among retail investors about corporate governance and potential share price volatility for the A-share market company.
A Suzhou court ordered Chinese tea chain Molly Tea to pay Louis Vuitton 10.3 million yuan for trademark infringement of a four-petal floral pattern. The ruling sparked online anger and a debate over luxury companies privatizing traditional Chinese cultural motifs.
Shanghai is introducing measures to boost its technology sector, including dedicated funds for "choke point" technologies, new channels for offshore yuan investment via QFLP, and allowing pre-profit AI and nuclear fusion firms to list on its tech board.
The Russian stock market, represented by the MOEX and RTS indices, began the main trading session with a decline, while the yuan also fell against the ruble on the Moscow Exchange.
Heartbroken women in China are spending thousands of yuan on "relationship coaches" to win back ex-lovers. One woman, Wan, paid 3,500 yuan for a month of coaching, including a "no contact" rule and social media guidance, but her ex ultimately blocked her.
The Bank of Russia acquired 4.8 billion rubles ($61.4 million) worth of yuan on the domestic market for settlement on July 22, 2026. This follows a similar purchase of 4.8 billion rubles in yuan with settlement on July 21.
China's private securities investment funds surpassed 8 trillion yuan ($1.2 trillion) by June end, driving the private fund industry's record 23.66 trillion yuan in assets under management. New fund registrations remain active, with VC/PE showing increased activity, particularly in electronic information, advanced manufacturing, and healthcare.
China has launched the High Intensity Heavy-ion Accelerator Facility (HIAF) in Huizhou, Guangdong, a record-breaking particle accelerator capable of producing the world's most intense beams of charged atoms. This 2.6 billion yuan facility will aid research in cancer treatment and spacecraft materials.
The MOEX Index rose 2.76% to 2,136.11 points and the RTS Index advanced 2.86% to 857.49 points, driven by geopolitical news and surging commodity prices. Experts forecast continued recovery for the MOEX Index and stable ranges for the ruble against major currencies.
Bank of China's Shenzhen and Fujian branches processed two cross-border transactions, each over US$1.7 billion, via the mBridge multilateral CBDC platform. This marks a significant step for the emerging payment network and China's ambition to internationalize the yuan, bypassing Western-centric financial systems.
國民黨立法院黨團提案暫停行政院442億元無人機產業發展計畫，質疑其合法性與程序「浮濫」。民進黨立委王定宇批評此舉違反憲法，恐損害國家安全及本土產業發展。
Russia's MOEX Index gained 3.9% and the RTS Index rose 3.59% on Tuesday, with analysts forecasting continued recovery but expressing concerns over a potential tightening of the Bank of Russia's monetary policy. The ruble showed mixed movements against major currencies.
Stephen Chow Sing-chi's new film, Kung Fu Soccer, has ignited controversy in South Korea, with allegations that it deliberately parodies the country's women's national football team, drawing strong reactions from internet users and a university professor.
China's Ministry of Finance announced a new consumption tax on lithium-ion batteries and solar cells, effective September 1 and April 1 respectively, starting at 2% and rising to 4% a year later, impacting manufacturers and the electric vehicle sector.
Chinese regulator SAMR's anti-monopoly probes into Trip.com for alleged market dominance abuse could conclude as early as Monday, potentially leading to a fine of 2 billion to 6 billion yuan (US$295-885 million) under China's anti-monopoly law.
Chinese tech giants like ByteDance, Alibaba, and Tencent are increasingly using AI tokens as an internal corporate currency to measure and bill AI service usage among employees. This trend is fueled by a brutal price war in China's AI industry, driving down costs and accelerating AI integration into daily workflows.
Chinese table tennis stars Wang Chuqin and Sun Yingsha experienced their second mixed doubles defeat this month at the National Championships in Changsha, losing to Yuan Licen and Wang Yidi. This loss, following a runner-up finish at the WTT US Grand Smash, has sparked concern among fans ahead of the Asian Games.
