China Business Daily

9 July 2026 · 07:18 CST · Daily intelligence brief

This edition draws on 36 reports across 13 Chinese outlets.

At a Glance

  • Changxin Technology (a Chinese DRAM maker) sets its STAR Market IPO subscription for July 16, planning to issue up to 6.688 billion shares. Gelonghui, 9 Jul 2026.
  • The IMF upgrades China’s 2026 growth forecast to 4.6%, citing front‑loaded infrastructure and high‑tech manufacturing as drivers. Finance.china.com.cn, 8 Jul 2026.
  • More than 20 computing‑power companies pre‑announce H1 profit growth, with SDG Information forecasting the highest gain at 881%–1,167%. National Business Daily, 9 Jul 2026.

Top Stories

Company

  • Changxin Technology Sets IPO Subscription Date for July 16 · covered by 1 outlet
  • Changxin Technology (长鑫科技; a Chinese DRAM manufacturer) disclosed its STAR Market IPO prospectus, with online and offline subscription set for July 16, 2026, according to the company. Gelonghui, 9 Jul 2026.
  • The stock code is 688825 and the online subscription code is 787825, according to the company. Gelonghui, 9 Jul 2026.
  • The company plans to publicly issue 6.688 billion shares (before exercise of over‑allotment option), with an over‑allotment option of up to 15% granted to China International Capital Corporation, according to the company. Gelonghui, 9 Jul 2026.

  • SDIC Capital (600061.SH) indirectly holds a small equity stake in Changxin Technology through a subsidiary’s investment in a special fund, according to SDIC Capital. Gelonghui, 9 Jul 2026.

  • Multiple Companies Report H1 2026 Net Profit Forecasts · covered by 4 outlets

  • Hengtong Co. (恒通股份; a Chinese logistics and port operator) expects H1 net profit of 1.66–2.03 billion yuan, up 66.94%–104.03% year‑on‑year, driven by new port berths at subsidiary Shandong Yulong Port, according to the company. National Business Daily, 8 Jul 2026.
  • BOE A (京东方A; a Chinese display panel maker) expects H1 net profit of 5.00–5.50 billion yuan, up 54%–69% year‑on‑year, with Q2 net profit estimated at 3.293–3.793 billion yuan (up 92%–122% quarter‑on‑quarter), driven by resilient display demand and flexible AMOLED growth, according to the company. Finance.eastmoney.com, 8 Jul 2026.
  • Bohai Leasing (渤海租赁; a Chinese aircraft leasing company) expects H1 net profit of 3.0–3.6 billion yuan, a significant year‑on‑year increase, including non‑recurring debt restructuring gains of about 1.6 billion yuan, according to the company. Finance.china.com.cn, 8 Jul 2026.

  • Shengxin Lithium Energy (盛新锂能; a Chinese lithium products manufacturer) expects H1 net profit of 1–1.2 billion yuan, turning from a loss of 841 million yuan a year earlier, due to lithium‑salt volume and price increases and full capacity release at its Indonesian plant, according to the company. Jiemian, 8 Jul 2026.

  • ST Cuihua Faces Delisting Risk After Annual Report Delay, Store Closures · covered by 1 outlet

  • ST Cuihua (a Chinese jewelry retailer) was placed under delisting risk warning from July 7, with its ticker changed to *ST Cuihua, according to the company. Securities Times, 8 Jul 2026.
  • The company and its subsidiaries had cumulative overdue borrowings of 951 million yuan as of June 30, and 45 major bank accounts were frozen due to contract disputes and overdue borrowings, according to company filings. Securities Times, 8 Jul 2026.
  • The number of direct‑sale stores dropped from 24 in 2021 to 13 by end‑June 2025, and its largest direct‑sale store ‘Zonghao’ has ceased operations, according to the company. Securities Times, 8 Jul 2026.

Macro

  • IMF Forecasts Global Growth at 3.0%, Upgrades China Outlook · covered by 3 outlets
  • The International Monetary Fund forecasts global economic growth of 3.0% in 2026 (down 0.1 pp from April) and 3.4% in 2027, according to the IMF. Finance.china.com.cn, 8 Jul 2026.
  • The IMF upgraded China’s 2026 growth forecast by 0.2 percentage point to 4.6%, driven by front‑loaded public infrastructure investment, high‑tech manufacturing growth, and exports, according to the IMF. Finance.china.com.cn, 8 Jul 2026.
  • The IMF downgraded its 2026 advanced‑economies growth forecast to 1.7% (down 0.1 pp) and emerging market and developing economies to 3.8% (down 0.1 pp), according to the IMF. Finance.sina.com.cn, 8 Jul 2026.

  • The IMF warned that rising global oil prices, persistent uncertainty, and structural factors will continue to drag on China’s economic activity, according to the IMF. Economic Observer, 8 Jul 2026.

  • CNY Central Parity Rate Set at 6.8077, Weakening 23 Pips · covered by 3 outlets

  • The People’s Bank of China set the USD/CNY central parity at 6.8077 on July 8, 2026, a depreciation of 23 basis points from the previous session, according to the China Foreign Exchange Trade System. Finance.ce.cn, 8 Jul 2026.
  • CME FedWatch showed a 73.3% probability of the Fed keeping rates unchanged in July and a 52.7% probability of a cumulative 25 bp rate hike by September, as of July 8. Finance.sina.com.cn, 8 Jul 2026.

Markets

  • Multiple Computing Power Firms Forecast H1 Profit Growth · covered by 3 outlets
  • Over 20 computing‑power industry chain listed companies pre‑announced H1 2026 profit growth as of July 8, 2026, with AI large‑model commercialization driving computing‑power procurement and rental demand, according to National Business Daily reporting. National Business Daily, 9 Jul 2026.
  • SDG Information (特发信息; a Chinese fiber‑optic and telecom equipment company) forecast H1 net profit growth of 881%–1,167%, reaching 55–71 million yuan — the highest so far, according to the company. Finance.eastmoney.com, 8 Jul 2026.

  • Deye Co., Ltd. (德业股份; a Chinese inverter and energy‑storage company) forecast H1 net profit growth of 75.28%–79.22% on energy‑storage demand release in Europe and the Middle East, according to the company. Finance.eastmoney.com, 8 Jul 2026.

  • US Stock Indexes Open Lower; Alibaba Surges 9% · covered by 3 outlets

  • Alibaba rose over 9% in early US trading on July 8. National Business Daily, 8 Jul 2026.
  • WTI crude oil futures rose 6.13% to close at $74.76 per barrel on July 8, amid new US military strikes against Iran and a Russian diesel export ban. Finance.eastmoney.com, 9 Jul 2026.
  • Federal Reserve minutes showed some officials supported a June rate hike, with deep divisions on the economic outlook, per the July 7 release. Finance.eastmoney.com, 9 Jul 2026.
  • The three major A‑share indices opened higher on July 8. Gelonghui, 8 Jul 2026.

Tech

  • Shenzhen Robotics Industry Scales Up · covered by 1 outlet
  • Shenzhen has over 74,000 robotics‑related enterprises, and the city’s robotics industry total output value reached 242.6 billion yuan in 2025, according to the People’s Daily. People’s Daily, 9 Jul 2026.
  • Robots from one company can accompany and care for the elderly in Shenzhen’s nursing homes, according to the report. People’s Daily, 9 Jul 2026.

Also Reported

Further developments selected for today’s brief; tap a source to read the original.

Sources

36 source articles across 13 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

Changxin Technology Sets IPO Subscription Date for July 16 — 2 outlets

IMF Forecasts Global Growth at 3.0%, Upgrades China Outlook — 5 outlets

Multiple Computing Power Firms Forecast H1 Profit Growth — 5 outlets

CNY Central Parity Rate Set at 6.8077, Weakening 23 Pips — 3 outlets

Robot Exoskeleton Industry Gains Traction in China — 1 outlet

Hengtong Co. Expects H1 Net Profit Up 67%-104% — 6 outlets

US Stock Indexes Open Lower; Alibaba Surges 9% — 6 outlets

ST Cuihua Faces Delisting Risk After Annual Report Delay, Store Closures — 3 outlets

11 A-Share Firms Report Profit Doubling; Optical Communication Stock Soars 6x — 3 outlets

Top Fund Manager Turnover Accelerates Amid Performance Pressure — 2 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 9 July 2026 07:18 CST.

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