UN High Commissioner for Human Rights Volker Türk said he was concerned that advanced artificial intelligence could pose an 'existential risk' to humanity.

Changzhou Xingyu Automotive Lighting Co. on Sept. 7 announced management penalties tied to mishandling of new hires in early August. The company said General Manager Zhou Xiaoping will have 12 months’ pay docked; Deputy GM Li Shujun has been removed from HR duties and docked six months’ pay; HR Director Yu Zhiming was dismissed; HR head Li Mei has been demoted and reassigned. Local Changzhou authorities’ administrative penalty is expected to be announced separately. In August the company terminated contracts with 107 recent university graduates, triggering broad public attention.

This week (Sept. 7-11) 45 public mutual funds opened for subscription. Index products dominated: 20 passive/index funds launched, targeting themes including compute infrastructure, aerospace, robotics, nonferrous metals, grain, healthcare and fintech; three set a 5 billion-unit subscription cap. Active equity launches numbered five. Fixed-income sector saw a cluster of secondary-tier hybrid bond funds from major managers (examples: Yifangda Zhiheng A, Gongyin Tianxiang A, Jianxin Fenghe A, Nanfang Qianyuan Wenjian Tianli A). Year-to-date through Sept. 7, the market has seen 1,210 new funds launched, with total issuance of RMB 772.47 billion.