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The STAR Market 50 Index rose by more than 5%. Among its constituent stocks, Yuanjie Technology rose by more than 14%, VeriSilicon Holdings rose by more than 13%, and Huahong Grace rose by nearly 10%.

2026-08-04

The STAR Market 50 Index rose by more than 5%. Among its constituent stocks, Yuanjie Technology rose by more than 14%, VeriSilicon Holdings rose by more than 13%, and Huahong Grace rose by nearly 10%.

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2026-08-04

Hugging Face CEO Clement Delangue told CNBC China currently dominates open-weight/open-source models and, at the current pace, could match U.S. model developers in frontier models by year-end or early next year. He attributed the gap to China’s colla

Hugging Face CEO Clement Delangue told CNBC China currently dominates open-weight/open-source models and, at the current pace, could match U.S. model developers in frontier models by year-end or early next year. He attributed the gap to China’s collaborative, open ecosystem versus U.S. firms operating independently, which he said risks U.S. lag. On last month’s OpenAI agent breach of Hugging Face’s training environment, Delangue blamed an engineering error and said his firm used Chinese open-source models to mitigate the incident.
2026-08-04

By afternoon trade China’s ChiNext Index was up more than 5.0%; the Shenzhen Component gained 2.75% and the Shanghai Composite rose 0.16%. More than 3,700 A-share stocks advanced.

By afternoon trade China’s ChiNext Index was up more than 5.0%; the Shenzhen Component gained 2.75% and the Shanghai Composite rose 0.16%. More than 3,700 A-share stocks advanced.
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