Britain's Financial Conduct Authority is working with major banks and market participants to establish standards for tokenized gold, aiming to digitize financial markets and reinforce London's position as the global bullion trading center amid competition from Hong Kong and Shanghai.
Moore Threads Technology Co., a Chinese AI and GPU chip developer, announced plans to list on the Hong Kong Stock Exchange following a 420% surge in its shares since debuting on Shanghai's STAR Market in December 2025. The company reported 147% revenue growth in the first half of 2026.
Typhoon Dolphin struck China's eastern Zhejiang province on August 9, 2026, after hitting Japan's Okinawa, triggering China's highest-level red alert. Shanghai canceled over 1,300 flights (80% of operations), nearly 100,000 people were evacuated, and the storm cut power to over 50,000 buildings in Japan.
Hangzhou-based Unitree Robotics has priced its Shanghai IPO at 150.8 yuan ($22.34) per share, valuing the humanoid robot maker at approximately 61 billion yuan ($9.04 billion). The offering aims to raise $904 million through the sale of 40.4 million shares, with backing from AI company DeepSeek.
ChangXin Memory Technologies (CXMT) saw its shares soar more than 470% on its first day of trading on Shanghai's STAR Market, making it mainland China's most valuable listed company. The IPO raised $8.55 billion, making it Asia's largest IPO of 2026 and reflecting investor confidence in China's semiconductor self-sufficiency push amid U.S. technology restrictions.
China has reportedly begun manufacturing domestically developed immersion deep ultraviolet (DUV) lithography machines, a key chipmaking tool long dominated by Dutch supplier ASML, as it seeks to reduce reliance on foreign semiconductor technology.
A 6-year-old girl died after receiving experimental gene-editing therapy for a non-life-threatening neurodevelopmental condition in Shanghai, with her death kept secret until uncovered by an investigation by Science and Retraction Watch. The family reportedly paid over $800,000 for the treatment.
MetaX Integrated Circuits, a Shanghai-based GPU chip designer valued at $48 billion, has confidentially filed for a secondary listing in Hong Kong, targeting an IPO by end of 2026. The company completed its Shanghai IPO in December 2025 and has seen its share price surge 685% since then.
At the 2026 World Artificial Intelligence Conference in Shanghai, Shanghai Electric showcased its embodied intelligence robot matrix, including the SUYUAN bipedal humanoid robot with 41 degrees of freedom, alongside 51 industrial AI models and agents and an AI-native smart factory architecture.
T-Head's SAIL software stack for its Zhenwu AI chips was open-sourced at the World AI Conference in Shanghai on July 18, 2026, offering developers an alternative to Nvidia's CUDA ecosystem with migration achievable in under seven days.
Chinese President Xi Jinping used a major technology conference in Shanghai to advocate for international cooperation on AI development and governance, arguing that artificial intelligence should not be dominated by a single country. The speech came as US President Trump accused China of exploiting American election data.
Chinese President Xi Jinping urged international collaboration on artificial intelligence development and governance at the World AI Conference in Shanghai, arguing AI should be a 'symphony of global cooperation' rather than dominated by any single nation. The conference featured a China-led AI alliance backed by 29 countries and included announcements of AI research and training initiatives for developing nations.
