MOFCOM Vice Minister Yan Dong told a State Council Information Office briefing on Aug. 28 that China will pursue innovation-driven policies to boost the international competitiveness of productive services. Beijing will promote exports of manufacturi

According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 1.8 million Class B shares on August 27, at a cost of HK$48.4 million.

Key News 1. Ministry of Finance: Continue to deepen zero-based budgeting reform, strengthen local government debt management, and optimize the allocation of fiscal resources. 2. National Healthcare Security Administration holds symposium on promoting high-quality development of the pharmaceutical industry during the 15th Five-Year Plan period. 3. Ministry of Commerce responds to US consideration of imposing an additional 7.5% tariff on Chinese goods. 4. Shanghai releases application guidelines for the 2026 Key Technology R&D Plan "Intelligent Computing Optical Network" next-generation optical communication technology project. Individual Stock News 1. CICC: The company's share swap merger with Dongxing Securities and Cinda Securities has been approved by the Shanghai Stock Exchange's restructuring committee. 2. Demingli: First-half net profit of RMB 6.017 billion, a year-on-year increase of 5201.60%. 3. Tianqi Lithium: First-half net profit of RMB 4.242 billion, a year-on-year increase of 4925.46%. 4. China Life: First-half net profit of RMB 134.489 billion, a year-on-year increase of 228.6%. 5. Vanke A: Net loss of RMB 14.951 billion in the first half of the year, a year-on-year decrease of 25.15%. 6. Shannon Semiconductor: Net profit of RMB 3.642 billion in the first half of the year, a year-on-year increase of 2207.20%. 7. Xiechuang Data: Net profit increased by 326% year-on-year in the first half of the year, with server remanufacturing and data storage businesses achieving rapid growth. 8. SMIC: Net profit of RMB 4.467 billion in the first half of the year, a year-on-year increase of 94.2%. 9. Shenghong Technology: Net profit of RMB 2.857 billion in the first half of the year, a year-on-year increase of 33.3%. 10. Megmeet: Net profit of RMB 252 million in the first half of the year, a year-on-year increase of 45.21%. 11. Changchuan Technology: Net profit of RMB 964 million in the first half of the year, a year-on-year increase of 125.67%. 12. Jinan Guoji: Net profit increased by 987% year-on-year in the first half of the year, with copper clad laminate products operating at full capacity and selling out quickly. 13. Yunnan Germanium: Net profit increased by 235% year-on-year in the first half of the year, benefiting from strong demand in downstream fields such as optical communication and a significant increase in sales of compound semiconductor materials. 14. Fenghua Advanced Technology: Q2 net profit increased by 127% quarter-on-quarter, with the unit price of its main products rising year-on-year. 15. Sunway Communication: Plans to acquire a 55% stake in Yiyang Electronic Technology, a high-end MLCC company, for 1.1 billion yuan. 16. Huaqin Technology: Supernode products began mass production in Q3, with revenue expected to exceed 10 billion yuan in the second half of the year. The profit margin of supernode solutions is expected to be better than that of AI servers. 17. Qingshan Paper: The initial design of its 800G optical module has been completed and it has entered the sample trial production stage. 18. Kehua Data: Plans to adjust the product structure of its intelligent manufacturing base's fundraising project, adding liquid-cooled CDUs and supporting products.