At Geely Auto's 2026 mid-year results briefing on the 17th, vice chairman Gui Shengyue said the large-scale management reshuffle is a strategic organizational evolution. He characterised Li Shufu stepping down as board chairman and An Conghui's succession as a de-familyisation move that shifts Geely from a founder-driven growth phase to institution- and team-driven governance, reducing reliance on individual authority, strengthening organisational systems and talent pipelines, and increasing tra

China's National Development and Reform Commission and National Energy Administration issued the petroleum and natural gas development 15th Five‑Year Plan. The plan targets breakthroughs in ultra‑deep hydrocarbon generation and accumulation mechanisms and high‑precision geomechanical modelling, and core exploration and development technologies for ultra‑deep carbonate and clastic reservoirs. It mandates development of major equipment including 15,000m‑class smart drilling rigs, intelligent managed‑pressure drilling systems and logging tools upgraded for ultra‑high‑temperature, ultra‑high‑pressure wells to enable onshore exploration and production at 10,000m depths. For deepwater fields the plan calls for breakthroughs in deepwater drilling, intelligent completions and testing and safe, efficient field development, and targets development of 3,000m‑class deepwater marine node acquisition systems, 3,000m deepwater blowout preventers with multi‑variable composite control systems, and 1,500m full‑electric subsea control system equipment.

HKEX filings show JP Morgan’s stake in Luxshare Precision H shares rose to 8.36% from 7.99% on Aug 12, 2026; the trades carried an average price of HK$63.67.