Wangbian Electric's application to issue shares to designated investors has been approved by the Shanghai Stock Exchange.

China International Capital Co. says as AI compute shifts to higher density, continuous full-load operation and stronger transient load shocks, high-voltage architectures are the clear development path for data center power systems. Hardware advances should make 2026 the first year of large-scale high-voltage architecture deployment. The firm expects SiC and GaN devices to be primary beneficiaries of power-system upgrades: SiC likely to lead machine-room-side (gray-zone) applications, GaN to penetrate at scale inside racks (white-zone), creating a 'SiC left, GaN right' market split and jointly driving iteration of data center power solutions.

As Q2-end approaches, market chatter has risen that public mutual fund quarter‑end rebalancing could trigger a market rotation. Industry checks show most public fund firms have tightened risk controls on sector/theme funds this year, with stricter limits on style drift — making deliberate style drift a low risk‑reward choice for managers. A Shanghai‑based public‑fund quant said recent flows suggest style rebalancing has occurred; tech growth saw some buybacks today. He said some all‑market stock‑picking funds appear to have preemptively rebalanced to avoid showing extreme holdings in quarterly reports, though over‑balancing can leave tech growth underweight and prompt subsequent covering trades.