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BYD said energy will gain importance as the AI industry expands, making PV, energy storage and power plants strategic businesses. With battery capacity coming online, the company expressed strong confidence in storage growth and said AI-focused energ

2026-09-08

BYD said energy will gain importance as the AI industry expands, making PV, energy storage and power plants strategic businesses. With battery capacity coming online, the company expressed strong confidence in storage growth and said AI-focused energy solutions will be a core focus in its next development phase.

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2026-09-08

GF Securities says securities-sector activity is improving while profitability is increasingly concentrated among top firms. Forty-two listed brokerages reported combined operating revenue of 364.0 bln yuan in H1 2026, up 44.5% YoY, and net profit at

GF Securities says securities-sector activity is improving while profitability is increasingly concentrated among top firms. Forty-two listed brokerages reported combined operating revenue of 364.0 bln yuan in H1 2026, up 44.5% YoY, and net profit attributable to shareholders of 154.7 bln yuan, up 49.3% YoY. Q2 net profit alone was 94.0 bln yuan, up 82% YoY and 55% QoQ; quarterly credit impairment jumped 662% YoY to 4.3 bln yuan. By business line in H1, investment gains (incl. fair value) +48% YoY, brokerage +54%, net interest +52%, investment banking +24%, and asset-management net income +24%. Market turnover rose while commission rates continued to fall; product scale and mix improved and buy-side advisory accelerated transformation. Brokerage revenues for the 42 firms totaled 98.4 bln yuan, +54% YoY. New public fund issuance rose 27% YoY; 15 fund houses reported combined net profit of 11.9 bln yuan, +35% YoY. Private fund filings in the first seven months reached 709.4 bln yuan, +67% YoY. Asset-management revenue for the 42 firms was 27.3 bln yuan, +24% YoY, with clear dispersion in growth rates. Investment view: sector is undervalued and underweight positions retain defensive qualities with upside; corporate earnings recovery underpins a gradual market rebound, internationalization offers a second growth vector, and easing industry policy could provide catalysts. GF notes Q3 may see market volatility and wider broker profit dispersion; greater exposure to tech-innovation increases earnings upside potential.
2026-09-08

Iran's Bushehr–Dubai flight route will begin operations on Sept. 20, Iran media reported.

Iran's Bushehr–Dubai flight route will begin operations on Sept. 20, Iran media reported.
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