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Analysis: Why China Needs Its Own Forex Futures Market

With offshore exchanges currently dominating yuan futures, an onshore market could secure pricing power while offering local firms a much-needed hedging tool

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Analysis: China’s Appetite for Overseas Investment Grows as Beijing Readies Guardrails

The private sector became a net creditor for the first time on record last year, a shift that helps explain why the government is introducing new rules for outbound investment

Cover Story: World Cup Tests Trump’s Economic Pitch

The 2026 tournament is expected to lift spending across North America, but economists warn the benefits may be temporary, uneven and constrained by U.S. border policies

China Citic Bank Vice President He Jinsong is expected to receive a new senior assignment. Photo: VCG

Citic Lines Up Leadership Changes at Bank, Bad-Debt Management Arm

Expected changes at China Citic Bank and Citic AMC come as the state-owned conglomerate continues to overhaul leadership after years of sector restructuring

Distressed Assets Dominate Shenzhen’s Big Property Deals

Foreclosures and asset disposals accounted for most large commercial real estate transactions in the first half, as creditors turned to public auctions to recover funds

INSIGHT
Jul 03, 2026 05:19 PM
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AIsphere announced the completion of its Series C funding round on July 14, raising a total of 2.98 billion yuan in the round. Photo: VCG

Alibaba Leads $439 Million Funding Round for AI Video Startup AIsphere

The investment adds to a wave of Chinese tech funding for world-model developers as Alibaba, Tencent and Baidu race to catch up with ByteDance in multimodal AI

Jul 15, 2026 02:41 AM
China Life Insurance estimated net profit attributable to shareholders at 128.9 billion yuan to 137.1 billion yuan for the six months ended June 30, up 215% to 235% from a year earlier. Photo: VCG

China Life Forecasts First-Half Profit to More Than Triple on Tech Stock Gains

Strong returns from technology-related equities highlight Chinese insurers’ sensitivity to market swings under fair-value accounting rules

Jul 15, 2026 12:25 AM
Analysts expect the memory shortage to persist into 2027, clouding the industry’s near-term outlook. Photo: VCG

Smartphone Shipments Slump as AI Demand Squeezes Memory Supply

China’s handset market and domestic brands were among the hardest hit as chipmakers prioritized AI data centers over consumer electronics

Jul 15, 2026 12:02 AM
Stepfun Chairman Yin Qi displays the STEPX Neo smartphone at a launch event on Monday. Photo: Stepfun

StepFun Aims to Bring AI to the Masses With Smartphone

The newly unveiled device integrates the startup’s proprietary operating system and AI agent

Jul 14, 2026 06:54 PM
A full-size general-purpose humanoid robot displayed by LimX Dynamics in Shenzhen, Guangdong province, on April 22. Photo: VCG

Chinese Robotics Startup Raises $200 Million

Shenzhen-based LimX Dynamics plans to use the new capital to achieve breakthroughs in its cerebellum-cerebrum integration technology and accelerate the rollout of its humanoid robots abroad

Jul 14, 2026 05:21 PM
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China Exports, Imports Surge on AI Boom

Exports rose 27% while imports climbed 36% in June, with AI-linked electronics helping drive the fastest growth in nearly five years.

Jul 14, 2026 05:11 PM
Li Daokui, dean of Tsinghua University’s Institute for Chinese Economic Practice and Thinking, said China’s economy has remained broadly sluggish for three years. Photo: VCG

China Should Expand Debt Plan to Ease Pressure on Local Governments, Economist Says

Tsinghua University professor Li Daokui says local authorities’ aggressive debt repayment is suffocating businesses, calling for massive central government stimulus to break a three-year economic chill

Jul 14, 2026 02:53 PM
Ma Xingrui

Former Politburo Member Ma Xingrui Expelled From Party, Faces Criminal Prosecution

The former Xinjiang chief is the third top-tier official from the 20th Central Committee to fall, accused by the state of amassing massive bribes, trading power for sex, and fostering family corruption

Jul 14, 2026 02:50 PM
Han Zhanwu

Former China Tobacco Deputy Indicted for ‘Especially Huge’ Bribery

Han Zhanwu faces trial after a 15-year spree of alleged corruption, becoming the seventh leader from the state tobacco monopoly to fall in a sweeping anti-graft campaign

Jul 14, 2026 02:11 PM

Business Brief (July 14): China Approves Five-Year Plan to Expand Consumption

Hainan to become first Chinese province to ban combustion engine vehicle sales,

Jul 14, 2026 12:00 PM
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CX Daily: World Cup Tests Trump’s Economic Pitch

The 2026 tournament is expected to lift spending across North America, but economists warn the benefits may be temporary

Jul 14, 2026 09:00 AM
Hu Haijun.

Shanxi Mine Safety Chief Probed After Coal Blast Kills 82

Hu Haijun is the highest-ranking official caught up in a widening accountability probe following a May explosion that killed 82 people

Jul 14, 2026 02:46 AM
Tongtech, once considered a standard-bearer in China’s campaign to replace foreign technology with domestic alternatives, was a leading domestic provider of middleware software. Photo: VCG

Tongtech Chairman Faces Criminal Probe in Accounting Fraud Case

Qu Tao’s case is tied to accounting fraud that forced Tongtech off the Shenzhen market, as China escalates action against securities violations beyond delisting and fines

Jul 14, 2026 02:32 AM
The Seres booth at the 2026 Shanghai International Low Carbon Smart Mobility Exhibition in Shanghai on July 3, 2026. Photo: VCG

Huawei Auto Partner Seres Warns of First-Half Loss as EV Cost Pressures Mount

Rising chip, metal and battery-material costs, combined with faster model updates, are squeezing profitability across China’s crowded electric-vehicle market

Jul 14, 2026 01:57 AM
People shop at a supermarket in Huai'an, Jiangsu province. Photo: VCG

China Targets 60 Trillion Yuan in Retail Sales by 2030

Beijing’s new consumption plan prioritizes services, durable goods and stronger household income as weak demand weighs on growth

Jul 14, 2026 12:23 AM
An SF Express delivery vehicle on a street in Hong Kong. Photo: VCG

SF Holding Secures Hong Kong Captive Insurance License

SF Holding and The Hongkong and Shanghai Hotels are the latest companies to set up captive insurers in the city, reflecting growing demand for customized risk coverage

Jul 13, 2026 11:43 PM



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