B[Ministry of Commerce: Mutual benefit and win-win results in China and ASEAN's production and supply chains will be promoted from three aspects] On September 1, Wang Liping, Director of the Asia Department of the Ministry of Commerce, said that in the next step, mutual benefit and win-win results in the production and supply chains of both parties will be promoted from three aspects. In terms of strengthening cooperation in emerging fields, we support the deepening of mutual investment in the digital economy, green development, blue economy and other fields, and rely on carriers such as "two countries, two parks" and cross-border industrial parks to promote efficient linkage in R&D innovation, production and manufacturing, scenario application and other links, and create an emerging industry ecosystem with complementary advantages and deep inter-embeddedness. In terms of strengthening regional connectivity, we should vigorously develop multimodal transport models such as "rail-sea" and "river-rail-sea" to continuously improve the efficiency of port operations, break up cross-border circulation chokepoints, effectively improve the efficiency of resource allocation, and promote the free flow of key products and services between China and ASEAN. Continue to promote mutual recognition cooperation in standards and conformity assessment, reduce compliance costs for enterprises, improve trade facilitation, and provide a stable and predictable market environment for enterprises to carry out cross-border cooperation. In terms of strengthening digital intelligence empowerment, digital intelligence upgrading is the only way to promote the modernization of the China-ASEAN regional production and supply chain. Enterprises on both sides are encouraged to actively use modern digital technologies such as artificial intelligence, big data, and the Internet of Things to promote information interconnection in all aspects of production, logistics, and trade, stimulate the vitality of data elements, and create a more resilient industrial and supply chain. A[The world's first space computing power cloud built by China to provide on-orbit test services to the outside world has officially provided on-orbit computing power services on a regular basis] August 31, according to Beijing University of Posts and Telecommunications, the world's first space computing power cloud to provide on-orbit test services to the outside world, led by the school, has officially provided on-orbit computing power services on a regular basis. Since being put into on-orbit service, the space computing power cloud has been operating stably and has supported on-orbit test missions in key scenarios such as on-orbit big data computing, 6G communications, and distributed storage. It has supported hybrid key mission deployments, has completed hundreds of space computing power calls, and served more than 100 users. Based on the domestic native software and hardware ecosystem, the large model inference energy efficiency ratio has reached 10 Tokens/J, and the space computing power service coverage has exceeded 10%. It is understood that at present, the space computing power cloud has formed continuous service capabilities in real-time data processing, low-latency intelligent decision-making, and satellite network capability iteration, expanding new service boundaries and application scenarios for various satellite systems. Its value lies not only in "sending computing power into space", but also in establishing a set of schedulable, reusable and operable on-orbit digital infrastructure. This will promote the evolution of satellites from single mission carriers to networked intelligent nodes, accelerate the transformation of the space information industry from "delivery of hardware" to "continuous delivery of services", and cultivate new industry growth points for satellite Internet, 6G, commercial aerospace and emergency communications. (Science and Technology Daily) A[The concept of computing power leasing rebounded in shock, and Kanghui shares hit the daily limit] On August 31, the concept of computing power leasing rebounded in shock, and Kanghui shares hit the daily limit. Previously, Jingye reached 2 consecutive boards, Yitian Intelligent approached the 20cm daily limit, Huichen Technology, Huichang Technology rose by more than 10%, Wangsu Technology, Nanxing Technology, Hengrun Technology, and Pingzhi Information were among the top gainers. On the news, Liu Liehong, director of the National Data Administration, said at the 2026 China International Big Data Industry Expo that it is necessary to study and explore business models such as word value-added subscription and pay-for-performance based on major national economic scenarios. A[Volcano Engine and Guiguang Group signed an agreement to deploy AI-related industries such as intelligence and computing power] August 31st. Recently, Volcano Engine and Guizhou Radio and Television Network Media Group officially signed a "Cooperation Framework Agreement." The two parties will seize the development opportunities of artificial intelligence, jointly seek innovation and expand the digital technology industry, and serve to empower the high-quality development of Guizhou's digital economy. The two parties will carry out in-depth cooperation around AIGC, AI Coding, agents, computing power, large model MaaS services and other businesses. Guiguang Group will rely on local business development to lay out related AI industry applications. Volcano Engine will leverage its technological accumulation and resource advantages in large models, the Internet, big data, cloud computing, live broadcast and other fields to provide models, AI development tools, AIGC tools and other supporting products and technical support services. A[Morning News Selection on August 31st]
1. The People's Bank of China and the State Administration of Financial Supervision jointly issued the "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Acceleration of the Construction of a New Real Estate Development Model". Regarding personal housing loan policies, there are these changes: 1. The maximum term of personal housing loans is extended to 40 years; 2. Existing floating-rate mortgages can negotiate interest rate adjustments or loan replacements; 3. Personal housing loan issuance timing requirements; 4. Repayment difficulties can be negotiated to adjust the repayment plan.
2. The China Securities Regulatory Commission has formulated the "Opinions on Capital Market Support for the Construction of a New Real Estate Development Model" to support the refinancing of listed real estate companies and the comprehensive use of issuance of shares, directional convertible bonds, cash and other tools to acquire real estate-related assets.
3. The Ministry of Finance, the State Administration of Taxation, and the China Securities Regulatory Commission issued an announcement on regulating individual income tax policies for the transfer of restricted shares of listed companies. It is proposed that the income obtained by individuals from the transfer of restricted shares of listed companies shall be subject to personal income tax at a tax rate of 20% as "income from property transfer".
4. The Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Administration of Financial Supervision jointly issued the "Notice on Improving the Commercial Housing Sales System". The "Notice" clarifies that all localities must vigorously and orderly promote the sales of existing commercial housing to achieve "what you see is what you get", fundamentally prevent delivery risks, and safeguard the legitimate rights and interests of home buyers.
5. Liu Liehong, director of the National Data Administration, said at the 2026 China International Big Data Industry Expo that it is necessary to study and explore business models such as word value-added subscription and pay-for-performance based on major national economic scenarios.
6. According to the National Data Administration, more than 20 computing power dispatching entities have officially settled in the national integrated computing power network monitoring and dispatching test verification platform to comprehensively improve computing power dispatching operation service capabilities. According to reports, the National Integrated Computing Power Network, as one of the "Six Networks", is a major project proposed in the "15th Five-Year Plan".
7. Kingboard Laminated Board, a copper-clad laminate manufacturer, has raised prices for the seventh time this year, with a uniform price increase of 10% for all thickness FR-4 copper-clad laminates; PP prepreg prices have been adjusted according to specifications, with thick cloth PP above 7628 (inclusive) increasing by 10%, and thin cloth PP below 7628 increasing by 20%.
8. It was learned from the Space Application Engineering and Technology Center of the Chinese Academy of Sciences that China recently made an important breakthrough in the Earth-Moon laser communication test mission, successfully establishing a two-way laser link over a distance of more than 400,000 kilometers from the Earth and the Moon, and achieving two-way high-speed laser communication between the Earth and the Moon for the first time.
9. Changxin Storage announced that Changxin LPDDR6 memory has been officially mass-produced, and Xiaomi 18 Fold new folding flagship mobile phone will be launched for the first time.
10. Changxin Technology announced that in the first half of the year, it achieved operating income of 150.31 billion yuan, a year-on-year increase of 873.64%; the net profit attributable to shareholders of listed companies was 77.605 billion yuan, turning losses into profits year-on-year. The company said that looking forward to the second half of 2026, the global supply shortage of DRAM products will continue.
11. BYD’s revenue in the first half of the year was 344.82 billion yuan, a year-on-year decrease of 7.13%; its net profit in the first half of the year was 12.33 billion yuan, a year-on-year decrease of 20.5%.
12. Wuliangye announced that in the first half of the year, it achieved operating income of 28.417 billion yuan, a year-on-year increase of 20.87%; net profit attributable to shareholders of listed companies was 8.753 billion yuan, a year-on-year increase of 89.3%.
13. PetroChina achieved operating income of 1,527.491 billion yuan in the first half of the year, a year-on-year increase of 5.3%; net profit attributable to shareholders of the parent company was 103.936 billion yuan, a year-on-year increase of 22.0%.
14. Ganfeng Lithium Industry announced that in the first half of the year, it achieved operating income of 23.097 billion yuan, a year-on-year increase of 175.75%; the net profit attributable to shareholders of the listed company was 4.257 billion yuan, turning a loss into a profit year-on-year.
15. Walter Gas announced that it plans to raise no more than 700 million yuan for the construction project of Jiangsu Walter’s semiconductor material production base. Youyan Silicon announced that it plans to acquire the equity interests of Shandong Youyan Ace and Shandong Youyan Semiconductor, which is expected to constitute a major asset reorganization.
16. Zhongjian Technology announced that it plans to invest 1.2 billion yuan to build an intelligent robot industrialization project. Shengyi Electronics announced that its wholly-owned subsidiary plans to invest 2.257 billion yuan to build the "Core Computer Intelligent Link" high-speed interconnection circuit board manufacturing project.
17. 2nd Lianban Xiangjiang Holdings announced that its wholly-owned subsidiary signed a computing power technology service contract of no more than 970 million yuan. Haixing Shares announced that it plans to raise no more than 2.1 billion yuan in additional capital for high-performance high-voltage electrode foil projects for AI computing power supplies.
18. LONGi Green Energy achieved operating income of 27.045 billion yuan in the first half of the year, a year-on-year decrease of 17.58%; the net profit attributable to shareholders of the listed company was a loss of 3.684 billion yuan.
19. Huazheng New Materials’ net profit attributable to shareholders of listed companies in the first half of the year was 173 million yuan, a year-on-year increase of 305.28%. Inspur Information announced that the net profit attributable to shareholders of listed companies in the first half of the year was 2.952 billion yuan, a year-on-year increase of 269.59%.
20. *ST Yuandao announced that the stock will be suspended from trading on August 31 due to forced delisting due to major violations of the law. Wanlishi announced that the company and the actual controller were placed on file by the China Securities Regulatory Commission for suspected violations of information disclosure.
21. The three major U.S. stock indexes closed collectively lower on Friday, with the Dow Jones Industrial Average falling 0.02%, the Nasdaq Composite Index falling 0.52%, and the S&P 500 Index falling 0.25%. That week, the Dow rose 0.53%, the Nasdaq rose 0.85%, and the S&P 500 rose 0.49%.
22. Federal Reserve Chairman Warsh said that inflation data did not show a significant improvement in inflation trends; if the inflation rate cannot reach 2% quickly, there is still work to be done.
23. Iran’s Islamic Revolutionary Guard Corps announced on social media in the early morning of the 31st that Iran launched missiles at a US military base. Earlier, explosions were heard near Iran's Larak Island.
24. Iranian President Pezhechiyan said that Iran is currently working hard to ensure that if the Strait of Hormuz is reopened under a specific framework, the United States must also fulfill its obligations.
25. “Big Short” Michael Burry posted that he was shorting Nvidia, but he also bought call options on Nvidia. He believes that Nvidia's monopoly position will last only a limited time and profit margins will decline in the future.
26. Anthropic plans to publish its IPO prospectus after September 7 and may be listed in the United States in late September or early October. According to reports, the company hopes to raise at least US$130 billion in the IPO to expand its computing power. A[Being an “initial teacher” for robots, the data annotation industry is accelerating its development] On August 31, the three-day 2026 China International Big Data Industry Expo concluded in Guiyang, Guizhou. At the Digital Expo, the display of data annotation-related scenarios and service products has become a highlight this year. At the Digital Expo site, relevant companies showed how robots perform data collection and annotation work, attracting many audiences. As an important support for the development of artificial intelligence, the data annotation industry is accelerating its development. In Huishui, Guizhou, lightweight video shooting equipment records working movements in factories and other scenes, serving as "initial teachers" for robots; in Gui'an New District, staff operate dozens of robots, record video data in scenes such as logistics and transportation through multiple sensors, and annotate them. At present, Guizhou regards data collection and data annotation as a new driving force and key industry for the development of the digital economy. It has gathered 135 data collection and annotation companies with more than 16,000 employees. (CCTV Finance) A[National Data Administration: Exploring actual word-unit business models that adapt to the industry] On August 30, Liu Liehong, director of the National Data Administration, stated at the 2026 China International Big Data Industry Expo that it is necessary to study and explore business models such as word-unit value-added subscription and pay-for-performance based on major national economic scenarios. Data labeling is equivalent to labeling original data. The labeled data can be used to train artificial intelligence. The National Data Administration will deploy a new batch of data annotation pilot trials in 32 cities, and go deep into industrial manufacturing, medical health, transportation and other fields to break the bottleneck of the development of the data annotation industry. In terms of digital talent training, multiple departments will strengthen collaboration, promote the establishment and improvement of a talent training mechanism that connects undergraduate, master, and doctoral programs in disciplines related to data elements, and improve the professional layout of disciplines related to data elements. (CCTV News) A[14 central state-owned enterprises will open more than 6 billion pieces of high-value data] On August 29, the 2026 China International Big Data Industry Expo is being held in Guiyang, Guizhou. 14 central state-owned enterprises have gathered more than 500 high-quality data resources, and the total amount of open data is expected to exceed 6 billion, covering more than ten industries such as electric power, oil and gas pipeline networks, logistics, automobiles, and agricultural machinery. In this process, the trusted data space provides a safe and controllable data circulation and development environment, and enables the implementation of a number of high-value scenarios through the integrated application of trusted data space and artificial intelligence. (CCTV News) A[National Data Bureau: The market demand for word units shows explosive growth] On August 29, the 2026 China International Big Data Industry Expo is being held in Guiyang, Guizhou. Today, the person in charge of the National Data Administration said at the Digital Expo that the current large-scale models are accelerating their implementation in thousands of industries, driving the rapid increase in the number of Chinese word elements, and the market demand has shown explosive growth. Word elements are the smallest units for artificial intelligence to understand the world. The theme of this digital expo is "Word elements - a new path to release the value of data elements." Liu Liehong, director of the National Data Administration, said at a special exchange event on word elements that the stronger the comprehensive ability of the model, the higher the efficiency of word element production, and the better the logic, accuracy and quality of the output content. Word elements provide an important yardstick for the measurement, pricing, trading and settlement of artificial intelligence services. At present, the word element industry chain has gathered multiple entities such as computing power leasing companies, model manufacturers, data service providers, and professional technical service organizations. In practice, different types of "word element factories" have evolved. A[Xia Bing, Deputy Director of the National Data Administration: More than 126,000 high-quality data sets have been built across the country] On August 29, at the "High-Quality Data Sets and Data Annotation Theme Exchange Event" at the 2026 China International Big Data Industry Expo, Xia Bing, member of the National Data Administration Party Group and Deputy Director, said that as of August 2026, more than 126,000 high-quality data sets have been built across the country, with a total volume of more than 1,815PB. (Reporter Guo Songqiao)
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