China A-shares opened higher: Shanghai Composite up 0.42%, Shenzhen Composite Index up 0.59%, ChiNext Index up 1.05%.

China A-share banking sector extended gains; Bank of China and Industrial and Commercial Bank of China hit fresh highs, up 0.14% and 0.46% respectively.

BOE Technology said in investor-relations notes that a major smartphone customer will launch a foldable this year, a move expected to lift global foldable-phone shipments. BOE has begun mass production and shipments of a mirror-effect “seamless” panel to some domestic customers and reports deep partnerships with domestic and international brands, with several product and technology firsts across form factors. Citing consultancy data, the company noted rising memory prices are prompting brands to allocate scarce storage to higher-end models, making foldables a key beneficiary and supporting rapid segment growth—conditions BOE says leave it well positioned to benefit.