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The State Council issued the "15th Five-Year Plan for Building a Beautiful China." (Xinhua)

2026-07-03

The State Council issued the "15th Five-Year Plan for Building a Beautiful China." (Xinhua)

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2026-07-03

CITIC Securities says Meituan completed end-to-end training on June 30, 2026 and inference of a trillion-parameter model on a 50,000-card China domestic compute cluster, marking a capability shift from inference to training. DeepSeekV4 final, due mid

CITIC Securities says Meituan completed end-to-end training on June 30, 2026 and inference of a trillion-parameter model on a 50,000-card China domestic compute cluster, marking a capability shift from inference to training. DeepSeekV4 final, due mid‑July, will introduce peak‑valley pricing with peak API call prices doubling, and domestic compute supply constraints are intensifying. CITIC says order visibility for domestic compute has materially improved; chip design firms with confirmed customer orders and priority capacity allocation should be first beneficiary. The broker remains constructive on the China domestic compute supply chain, citing scale-up opportunities from scarce advanced process capacity to diverse design companies and super‑node operators, and expectations strong growth momentum for advanced process, advanced packaging, advanced memory and supporting suppliers.
2026-07-03

Hong Kong-listed auto stocks opened higher; BYD Company (01211.HK) rose over 5%, Leapmotor (09863.HK) gained nearly 3%, BAIC (01958.HK) and GAC Group (02238.HK) also advanced.

Hong Kong-listed auto stocks opened higher; BYD Company (01211.HK) rose over 5%, Leapmotor (09863.HK) gained nearly 3%, BAIC (01958.HK) and GAC Group (02238.HK) also advanced.
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