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Zhejiang provincial leadership issued guidance to build a top-tier innovation ecosystem and more competitive business environment, prioritizing high-quality tech-finance development. Measures include accelerating a tech-finance system aligned with in

2026-07-24

Zhejiang provincial leadership issued guidance to build a top-tier innovation ecosystem and more competitive business environment, prioritizing high-quality tech-finance development. Measures include accelerating a tech-finance system aligned with innovation, strengthening full life‑cycle financing for sci‑tech firms, and promoting an innovation scoring system to steer financial resources toward these companies. Launch a 'patient capital' initiative, marketize operation of social‑security sci‑tech funds, and boost the leverage role of industrial funds to channel capital earlier, in smaller tickets, for longer tenors and into hard‑tech. Deepen the Phoenix Action to support sci‑tech firm listings and M&A. Use re‑lending and other monetary policy tools, establish dedicated bank sci‑tech lending mechanisms, expand tech‑innovation bond issuance, and improve tech‑finance risk‑sharing. Targets: by 2027 tech loans should keep steady growth and tech insurance coverage exceed 700 billion yuan; by 2030 Zhejiang aims to rank among the country’s leaders in tech‑innovation bond issue.

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2026-07-24

Hong Kong internet stocks slid: Alibaba (09988.HK) and Kuaishou (01024.HK) dropped over 3pct, Tencent Holdings (00700.HK) and Meituan (03690.HK) fell more than 2pct; Baidu (09888.HK), JD.com (09618.HK) and NetEase (09999.HK) also declined.

Hong Kong internet stocks slid: Alibaba (09988.HK) and Kuaishou (01024.HK) dropped over 3pct, Tencent Holdings (00700.HK) and Meituan (03690.HK) fell more than 2pct; Baidu (09888.HK), JD.com (09618.HK) and NetEase (09999.HK) also declined.
2026-07-24

Jiangnan Chemical announced that the total value of newly signed or executed blasting service engineering contracts for daily operations in the first half of 2026 was RMB 5.868 billion.

Jiangnan Chemical announced that the total value of newly signed or executed blasting service engineering contracts for daily operations in the first half of 2026 was RMB 5.868 billion.
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