China Business Daily

31 July 2026 · 07:20 CST · Daily intelligence brief

This edition draws on 49 reports across 17 Chinese outlets.

At a Glance

  • Politburo sets Fifth Plenary Session for October, calls for more proactive fiscal and moderately loose monetary policy to boost domestic demand. finance.china.com.cn, 2026-07-30.
  • National electricity load hits record 1.553 billion kW this summer, with renewable generation exceeding 40% of total for first time. People’s Daily, 2026-07-30.
  • Real estate bond financing totals 315.88 billion yuan in H1, up 21.7% year-on-year, fastest growth in recent years. estate.caijing.com.cn, 2026-07-30.

Top Stories

Policy

  • Politburo meets, sets date for Fifth Plenum, discusses economic work · covered by 4 outlets
  • The Politburo decided to hold the Fifth Plenary Session of the 20th CPC Central Committee in October in Beijing, according to the Communist Party Central Committee (中共中央政治局). finance.china.com.cn, 2026-07-30.
  • The meeting emphasized implementing more proactive fiscal policy and moderately loose monetary policy to strengthen counter-cyclical adjustments, according to the meeting. finance.eastmoney.com, 2026-07-30.
  • It called for effectively expanding domestic demand and expanding quality supply to meet consumer needs, according to the meeting. finance.china.com.cn, 2026-07-30.
  • The meeting stressed stabilizing the real estate market and implementing a package of debt reduction plans, according to the meeting. finance.china.com.cn, 2026-07-30.
  • China expands elderly care subsidy to cover 2 million severely disabled seniors · covered by 1 outlet
  • About 2 million elderly people with moderate to severe disability have benefited from the elderly care service consumption subsidy program, according to the Ministry of Civil Affairs. People’s Daily, 2026-07-31.
  • The program drove elderly care service consumption totaling 29.093 billion yuan, with total subsidies redeemed of 6.512 billion yuan, according to the Ministry of Civil Affairs. finance.china.com.cn, 2026-07-30.
  • Opinion: Talent development must keep pace with industrial growth · covered by 1 outlet
  • Eight departments including the Ministry of Human Resources and Social Security jointly issued guidelines on promoting skill-strong enterprises, proposing to build an industry-education-evaluation skill ecosystem chain, according to the eight departments. People’s Daily, 2026-07-31.

Energy

  • China’s power load hits record high three times this summer · covered by 2 outlets
  • The national electricity load hit a record high three times, reaching a maximum of 1.553 billion kW, an increase of about 45 million kW compared to last year’s peak, according to the National Energy Administration (国家能源局). People’s Daily, 2026-07-30.
  • As of end of June, total wind and solar installed capacity reached 19.51 billion kW, accounting for about 48.3% of total installed capacity, according to the National Energy Administration. Yicai, 2026-07-30.
  • The newly commissioned Shaanbei–Anhui UHV DC project brought the total number of operational UHV channels nationwide to 46, with west-to-east power transmission capacity exceeding 340 million kW, according to the National Energy Administration. People’s Daily, 2026-07-30.
  • Coal reserves at national regulated power plants can sustain more than 30 days of consumption, a historically good level, according to the National Energy Administration. People’s Daily, 2026-07-30.
  • Experts analyze China’s energy mix shift amid record power demand · covered by 1 outlet
  • In the first half of the year, renewable energy generation exceeded 40% of total generation for the first time, and coal power generation fell below 50% for the first time, according to researcher Wei Qijia from the National Development and Reform Commission. CCTV, 2026-07-31.

Company

  • Optical module leader Zhongji Innolight falls on Hong Kong debut, A-shares drop 15% · covered by 4 outlets
  • Zhongji Innolight (中际旭创; a Chinese optical module maker) opened its Hong Kong debut at 971.00 HKD, down 0.92% from the IPO price of 980.00 HKD, according to exchange data. finance.eastmoney.com, 2026-07-30.
  • Shanghai state-owned investment firm launches Hong Kong fund · covered by 2 outlets
  • Shanghai Guotou (上海国投; a Shanghai state-owned investment firm) launched a Hong Kong fund with a total size of 600 million Hong Kong dollars, according to the company. 36Kr, 2026-07-31.
  • The fund focuses on artificial intelligence, advanced manufacturing, and life health sectors, investing primarily in Hong Kong local innovation projects, with Shanghai Guotou as cornerstone investor and CITIC Capital as manager, according to the report. 36Kr, 2026-07-31.
  • Robotics firm Yushu Technology sets IPO subscription for Aug 10 · covered by 4 outlets
  • Yushu Technology (宇树科技; a Chinese robotics company) announced that the online and offline subscription date for its IPO is August 10, 2026, with a plan to issue 40,446,434 shares representing 10% of post-issuance share capital, according to the company. m.21jingji.com, 2026-07-30.
  • The actual controller Wang Xingxing controls 68.78% of the voting rights through a special voting rights mechanism, according to the prospectus. Caixin, 2026-07-30.
  • In 2025, the company achieved revenue of 1.699 billion yuan and non-GAAP net profit of 590 million yuan, according to the company. finance.eastmoney.com, 2026-07-30.
  • The IPO is expected to raise a total of 42.02 billion yuan, implying a valuation of approximately 420 billion yuan, according to the prospectus. m.21jingji.com, 2026-07-30.
  • Sinosun Technology plans change of control · covered by 3 outlets
  • Sinosun Technology (兆日科技; a Chinese software and IT services company) is planning a change of control, with its controlling shareholder Xinjiang Chaojun Equity Investment transferring shares to Shanghai Jingheheng Technology Co., Ltd., which would hold about 14.18% of total shares after the transaction, according to the company announcement. m.21jingji.com, 2026-07-30.
  • The company’s stock will be suspended from trading starting July 30, 2026, for no more than 2 trading days, according to the company. National Business Daily, 2026-07-29.
  • China’s ‘first wig stock’ to face ST status, trading suspended July 31 · covered by 1 outlet
  • Ruibeica (瑞贝卡; a Chinese wig manufacturer) received an advance notice of administrative penalty from the Henan Bureau of the China Securities Regulatory Commission for suspected illegal information disclosure, with a proposed fine of 6.5 million yuan and a warning, according to the Henan CSRC Bureau. finance.eastmoney.com, 2026-07-31.
  • The company’s stock will be suspended from trading on July 31 and renamed as “ST Ruibeica” with a 10% daily price limit starting August 3, according to the report. m.21jingji.com, 2026-07-30.
  • Several Chinese companies unveil share buyback plans · covered by 4 outlets
  • Yongyi Electronics (甬矽电子; a Chinese semiconductor packaging company) actual controller proposed a share buyback of between 100 million and 150 million yuan for employee stock ownership plans, according to the company. finance.eastmoney.com, 2026-07-30.
  • Guangdian Electric (广电电气; a Chinese electrical equipment company) plans to repurchase shares with funds of 100 million to 200 million yuan at a maximum price of 4.2 yuan per share, for employee stock ownership plans, according to the company. stock.caijing.com.cn, 2026-07-30.
  • Bohai Leasing (渤海租赁; a Chinese leasing company) plans to repurchase up to 2 billion yuan of its shares at a price not exceeding 6.48 yuan per share, to maintain company value, according to the company. Securities Times, 2026-07-30.

Tech

  • China’s EV charging piles reach 23.1 million, up 43.2% year-on-year · covered by 4 outlets
  • China’s total electric vehicle charging infrastructure reached 23.057 million units by June 2026, up 43.2% year-on-year, according to the National Energy Administration. finance.eastmoney.com, 2026-07-29.
  • Stellantis agreed to sell all equity of its Free2move car-sharing business to Mutares, according to the companies. finance.eastmoney.com, 2026-07-29.

Property

  • China real estate bond financing rises 21.7% in first half · covered by 3 outlets
  • In the first half of 2026, total bond financing in the real estate industry was 315.88 billion yuan, up 21.7% year-on-year, the fastest growth in recent years, according to the China Index Academy (中指研究院). estate.caijing.com.cn, 2026-07-30.
  • Credit bond financing reached 176.61 billion yuan, up 11.8% year-on-year, accounting for over half of total bond financing, according to the China Index Academy. Securities Times, 2026-07-30.
  • Overseas bond issuance by real estate enterprises reached 17.17 billion yuan, a sharp increase of 199.4% year-on-year, according to the China Index Academy. Securities Times, 2026-07-30.
  • Four commercial real estate REITs were listed in June 2026, the first batch of commercial REITs in China, according to the report. estate.caijing.com.cn, 2026-07-30.

Markets

  • Onshore yuan rises 102 pips against USD · covered by 2 outlets
  • The onshore yuan (CNY) closed at 6.75 per dollar at 03:00 Beijing time on July 31, up 102 pips from the previous night session, with a trading volume of 39.157 billion US dollars, according to exchange data. Economic Observer, 2026-07-31.
  • Another report noted the yuan closed at 6.7630 per dollar, up 80 pips from Tuesday’s night session close, according to exchange data. finance.eastmoney.com, 2026-07-30.
  • Global markets rattled by Middle East tensions; Philadelphia Semiconductor Index drops 4.49% · covered by 2 outlets
  • The Philadelphia Semiconductor Index dropped 4.49% as of the July 29 close, experiencing a three-day decline, according to market data. finance.sina.com.cn, 2026-07-29.
  • Iran’s Islamic Revolutionary Guard Corps launched multiple ballistic missiles targeting U.S. forces in the Middle East, all intercepted, according to the U.S. Central Command. finance.sina.com.cn, 2026-07-29.
  • TSMC stock price fell 2.87% in July 29 trading, and ASML fell 4.31%, according to market data. Jiemian, 2026-07-29.

Macro

  • Zhuhai Doumen district posts 6.8% GDP growth in H1 · covered by 2 outlets
  • In the first half of 2026, Zhuhai’s GDP reached 238.900 billion yuan, a year-on-year increase of 5.2% at constant prices, according to Zhuhai Statistics. National Business Daily, 2026-07-29.
  • The value added of the secondary industry (manufacturing and construction) was 101.709 billion yuan, up 7.2% year-on-year, according to Zhuhai Statistics. National Business Daily, 2026-07-29.

Sources

49 source articles across 17 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

Politburo meets, sets date for Fifth Plenum, discusses economic work — 4 outlets

China’s power load hits record high three times this summer — 3 outlets

Optical module leader Zhongji Innolight falls on Hong Kong debut, A-shares drop 15% — 4 outlets

China’s EV charging piles reach 23.1 million, up 43.2% year-on-year — 4 outlets

China real estate bond financing rises 21.7% in first half — 3 outlets

Shanghai state-owned investment firm launches Hong Kong fund — 2 outlets

Onshore yuan rises 102 pips against USD — 2 outlets

Robotics firm Yushu Technology sets IPO subscription for Aug 10 — 5 outlets

China expands elderly care subsidy to cover 2 million severely disabled seniors — 2 outlets

Experts analyze China’s energy mix shift amid record power demand — 1 outlet

Sinosun Technology plans change of control — 3 outlets

China’s ‘first wig stock’ to face ST status, trading suspended July 31 — 2 outlets

Zhuhai Doumen district posts 6.8% GDP growth in H1 — 3 outlets

CSI convertible bond index dips 0.55% at noon — 6 outlets

Opinion: Talent development must keep pace with industrial growth — 1 outlet

Yongxi Electronics chairman proposes up to 150M yuan share buyback — 4 outlets

Methodology: stories are clustered across Chinese outlets and ranked by breadth of corroboration and recency. Reporting is descriptive only and is not investment advice. Compiled 31 July 2026 07:20 CST.

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