Citigroup initiated coverage of Zhongji Xuchuang (03308.HK) H shares with a buy rating and a HK$1,524 price target, based on 16.2x its 2027 forecast P/E. The bank forecasts 2025–28 revenue and net profit CAGRs of 129% and 149%, driven by strong AI optical-communications demand, bandwidth upgrades, rapid capacity expansion, improved product mix, rising silicon-photonics adoption and operating leverage. Citigroup highlights the company’s broad product set, scalable manufacturing, advanced R&D, res

Nikkei estimates net inflows into Japanese domestic open-ended additional equity investment trusts (excluding listed investment trusts/ETFs) at JPY 2.1078 trillion in August, the third consecutive month above JPY 2 trillion and the 39th straight month of net inflows; July was JPY 2.6451 trillion.

At an AI seminar Shanghai SASAC said it has guided supervised firms through an "AI+" campaign to speed AI-driven digital transformation and is promoting four shifts: widening applications from pilot projects to full coverage — it says supervised firms now have full coverage; shifting focus from mere compute supply to compute networking, technical R&D and scenario effectiveness, with greater emphasis on aligning AI with real business, real data and real processes; moving application forms from Q&A assistance to intelligent execution, embedding intelligent agents and digital labor into investment research/advisory, building design and supply‑chain scheduling; and changing implementation from fragmented rollout to ecosystem collaboration, accelerating coordinated use of compute, corpora, models, scenarios and talent.