The Information reports, citing two people familiar, that Chinese memory maker ChangXin has started small-batch production of HBM3E, an advanced high-bandwidth memory used in leading AI processors. Sources say ChangXin’s product is about one generation behind the mass-produced HBM lines from Samsung, SK Hynix and Micron; the company plans to scale production in 2027.

MOFCOM and six other ministries issued implementation opinions to expand goods consumption, instructing deeper auto circulation and consumption reform pilots and faster removal of unreasonable restrictions in the auto circulation and consumption sector. The plan calls for innovating vehicle-use management and expanding auto consumption across the full chain, and urges relevant regions to optimize purchase-restriction measures to better meet household car demand. It seeks to scale up the auto aftermarket and supports vehicle modification, maintenance, motorsport and RV/camping, and to establish a recognition and management system for classic vehicles. The document requires improved inter-agency information sharing and a lifecycle data-exchange system covering sales, registration, maintenance, insurance and scrapping. It also calls for stronger used-car circulation rules, mutual recognition of standardized used-car sales invoices and tiered, classified oversight of used-car operators.

港股人工智能股走強，MINIMAX-W(00100.HK)漲超17%，智譜(02513.HK)漲超5%。