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The Shenzhen Component Index continued its decline in the afternoon, currently down more than 4%, the ChiNext Index fell more than 6%, and the Shanghai Composite Index fell more than 1.3%. Sectors such as CPO, memory chips, and PCB concepts led the d

2026-07-28

The Shenzhen Component Index continued its decline in the afternoon, currently down more than 4%, the ChiNext Index fell more than 6%, and the Shanghai Composite Index fell more than 1.3%. Sectors such as CPO, memory chips, and PCB concepts led the decline.

Other News
2026-07-28

1. Volkswagen denies calling on the EU to impose additional tariffs on Chinese hybrid vehicles. 2. MIIT inspects Aion and XPeng; is it related to battery malfunctions? Insider: No direct connection heard; perhaps it's an industry-wide inspection. 3

1. Volkswagen denies calling on the EU to impose additional tariffs on Chinese hybrid vehicles. 2. MIIT inspects Aion and XPeng; is it related to battery malfunctions? Insider: No direct connection heard; perhaps it's an industry-wide inspection. 3. MIIT: Over 20,000 intelligent connected vehicle testing and demonstration licenses issued nationwide. 4. MIIT: Accelerating the drafting and release of the "15th Five-Year Plan" for the development of the intelligent connected new energy vehicle industry. 5. Li Auto product line head: i6 production decreased in mid-to-late July; overall vehicle production has now returned to normal. 6. Porsche will cut 5,000 jobs by 2035 according to an agreement with its German factories. 7. Beijing's passenger car L2-level assisted driving penetration rate reached 77.5% in the first half of the year; L3 mass-produced models were the first to be launched. 8. Germany's plug-in electric vehicle market share reached 37.7% in the second quarter. 9. Stellantis Group announced it has agreed to sell Free2move's car-sharing business to Mustares. 10. According to an organization, the installed capacity of power batteries in the first half of the year was approximately 334.7 GWh, a year-on-year increase of 16%. 11. Mercedes-Benz Group's revenue in the second quarter was €32.1 billion, a year-on-year decrease of 3.31%, with a profit of €1.5 billion.
2026-07-27

MOFCOM said it urged the U.S. to heed industry concerns, correct hegemonic thinking and stop smearing Chinese firms and threatening sanctions. It warned Beijing will take all necessary measures to defend its legitimate and lawful rights if any U.S. a

MOFCOM said it urged the U.S. to heed industry concerns, correct hegemonic thinking and stop smearing Chinese firms and threatening sanctions. It warned Beijing will take all necessary measures to defend its legitimate and lawful rights if any U.S. action materially harms Chinese interests, and urged Washington to implement the two leaders’ consensus by stepping up bilateral AI dialogue and cooperating on AI governance.
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