The PBOC will conduct a 500 billion yuan ($74.4 billion) one-year MLF operation on August 25 to maintain ample banking-system liquidity, extending its accommodative funding stance. Shanghai also released its 15th Five-Year Plan for accelerating new industrialization, targeting breakthroughs in high-performance computing, processor, memory, interconnect and sensor chips, as well as advanced packaging, across the Zhangjiang, Lingang and Jiading areas. Exchanges have communicated with securities firms about improving IPO filing quality through stronger sponsor gatekeeping, rather than tightening approvals or raising standards for loss-making companies. Enflame Technology plans a STAR Market IPO of 43.0352 million shares, or 10% of post-issue capital, with preliminary price inquiry on August 28 and subscriptions on September 2. Xiaomi unveiled its Xuanjie O3, the first flagship mobile processor supporting LPDDR6, with CXMT identified by supply-chain sources as its core memory partner. Listed companies including Eoptolink Technology, Biwin Storage, Luxshare Precision, Cambridge Technology and Wanhua Chemical reported strong first-half results, driven largely by AI infrastructure, optical modules, storage and related demand. Additional announcements covered optical communications and liquid-cooling acquisitions, a lithium project integration, a WuXi AppTec cybersecurity incident, Dongshan Precision’s 1.6T shipments, higher housing provident-fund loan limits and a China-U.S. meeting. Together, the disclosures point to continued earnings momentum in AI hardware and coordinated monetary and industrial-policy support for technology growth.