Huaxia Sci‑Tech Innovation 50 ETF (588000), E Fund ChiNext ETF (159915) and Huatai‑PineBridge CSI 300 ETF (510300) each recorded turnover above 10bn yuan for a third consecutive trading day, at 15.1bn, 12.9bn and 10.0bn yuan respectively. Huaxia Sci‑Tech Innovation 50 ETF posted a record single-day net subscription of 7.629bn units yesterday, equivalent to net cash inflows of 13.701bn yuan.

Chinese smartphone maker Xiaomi raised its 2026 smartphone shipment target to 110m units from about 90m, roughly a 16% increase, supply-chain sources said. The incremental volume will mainly come from low-end models; Xiaomi internally expects the current memory-chip cycle may reverse. Xiaomi had cut shipment targets twice earlier this year after upstream memory-chip shortages and sustained cost increases.

July 21 — China Re Asset Management said it remains confident in China’s economic transformation and capital-market outlook and favors long-term equity allocations. The firm will strengthen institutional investment capabilities and increase allocations to technology innovation, advanced manufacturing and the digital economy, boosting support for new productive capacity and high-quality real-economy growth. It said it will improve deployment effectiveness of long-term, patient capital to help stabilize capital markets and support the economic upgrade.