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Deputy Mayor Chen Jie told a July 7 municipal briefing that Shanghai’s 394 above-designated-scale AI firms recorded industry output of over 637.0 bln yuan in 2025, up 39.5% YoY. The city said it has built an integrated AI development ecosystem spanni

2026-07-07

Deputy Mayor Chen Jie told a July 7 municipal briefing that Shanghai’s 394 above-designated-scale AI firms recorded industry output of over 637.0 bln yuan in 2025, up 39.5% YoY. The city said it has built an integrated AI development ecosystem spanning independent innovation, application-led deployment, open cooperation, ecosystem coordination and security governance.

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2026-07-07

Hong Kong Gold Central Clearing and Settlement System began trial operations today. Under a January cooperation agreement, the Hong Kong Treasury Bureau and the Shanghai Gold Exchange launched the first phase of “physical connectivity.” The Hong Kong

Hong Kong Gold Central Clearing and Settlement System began trial operations today. Under a January cooperation agreement, the Hong Kong Treasury Bureau and the Shanghai Gold Exchange launched the first phase of “physical connectivity.” The Hong Kong gold settlement company has applied to become an international member of the Shanghai Gold Exchange and opened a physical-gold account; participants can deposit held physical gold into the Shanghai exchange international board’s Hong Kong-designated vault. Bi-directional transfers will allow firms to access the Shanghai on-exchange market and Hong Kong OTC market, enabling physical gold flows between the two systems.
2026-07-06

AI servers are drawing more power, forcing a generational upgrade in data-center power. 800V high-voltage DC—touted by NVIDIA as a key next‑generation AI datacenter solution—has drawn recent controversy over alleged production delays and whether clou

AI servers are drawing more power, forcing a generational upgrade in data-center power. 800V high-voltage DC—touted by NVIDIA as a key next‑generation AI datacenter solution—has drawn recent controversy over alleged production delays and whether cloud providers are reluctant buyers or observers have misread the cadence. Delta, ABB and other NVIDIA energy-ecosystem partners report 800V is progressing normally, but say the pace of adoption will be determined by a broader, still‑immature energy infrastructure supply chain rather than NVIDIA alone.
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