China Daily Briefing

China's National Bureau of Statistics reported first-tier cities (Beijing, Shanghai, Guangzhou, Shenzhen) saw month-over-month residential price gains for four straight months in H1 2026, the first sustained uptick since the multi-year correction began. Housing Ministry separately confirmed the secondhand market is 'actively transacting' and inventory clearance has been 'significant.' The policy package — eased purchase restrictions, provident fund reform, affordable housing supply — is producing measurable results. Property/Real Estate sector +3.17% today directly reflected this data release.

CXMT, China's domestic DRAM memory champion, drew massive IPO subscription interest from retail investors and institutional funds including DeepSeek's founder's fund. SCMP reports the offering attracted a 'frenzy' — a term the outlet reserves for oversubscription events that reshape near-term market liquidity. CXMT's IPO is strategic: it creates a domestic IPO of record scale for China's semiconductor self-sufficiency narrative, directly competing with Samsung and SK Hynix in the DRAM segment where China has sought independence since US chip restrictions tightened.

BYD announced plans to deploy 3,000 'flash-charging' ultra-fast stations across Europe within months — an infrastructure commitment designed to address the range-anxiety objection that has been European EV buyers' primary stated barrier to switching from ICE vehicles. The announcement is strategically timed ahead of Q3 European EV sales data and comes as BYD faces EU tariff headwinds. A proprietary charging network would also create lock-in dynamics and a recurring revenue stream independent of vehicle sales.