Xinlian Integration said its 4,500V ultra-high-voltage IGBT for smart-grid applications has passed State Grid on‑grid pilot validation and is entering broad rollout and mass production.

At its 2025 annual shareholders’ meeting, Vanke said it had repaid 33.21 bln yuan of publicly issued bonds as of March 2026. Excluding shareholder loans, the group completed 28.0 bln yuan of new issuance and refinancing in 2025 and cut the blended cost of outstanding financing to 3.02%, down 85 bps year‑on‑year. Six public bond extension proposals, including 22 Vanke MTN0004 and 22 Vanke MTN005, were approved by bondholder meetings. On balance-sheet optimization, Vanke said it activated and optimized 33.85 bln yuan of existing inventory and added equivalent new capacity in 2025, acquiring 23 projects; 18 newly launched projects reached an investment conversion rate of 84%, with six projects acquired and opened the same year achieving 100% conversion.

Japan April seasonally adjusted retail sales MoM 1.3% vs expected 0.4%; March revised to 1.0% from 1.3%.