Politburo maps out capital market reform; quantum information standards committee established

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The Political Bureau of the Communist Party of China Central Committee held a meeting on July 30, calling for deepening comprehensive reforms in capital market investment and financing, enhancing market resilience and confidence, and laying out tasks such as planning incremental policies, strengthening counter-cyclical adjustments, and boosting domestic demand. A report released the same day by the World Gold Council showed that global central banks added a net 289 tonnes to gold reserves in the second quarter, up 62 percent year-on-year. In the first half of the year, China's renewable energy generation accounted for more than 40 percent of total electricity for the first time, while electricity consumption in the charging and battery-swap services sector and the internet data services sector rose 56.9 percent and 44 percent year-on-year respectively. Data from the National Bureau of Statistics showed that the added value of the 'three new' economy reached 25.7869 trillion yuan in 2025, accounting for 18.39 percent of GDP. In the first half, China exported 5.096 million vehicles, up 65.3 percent year-on-year, of which new energy vehicle exports reached 2.355 million units, a 1.2-fold increase. The European Commission announced the launch of a tender to build up to seven AI super factories and has signed letters of intent with AMD, Nvidia and Qualcomm. Qualcomm CEO Cristiano Amon revealed plans to raise chip prices by double-digit percentages starting September 1. The Ministry of Industry and Information Technology officially established the Quantum Information Standardization Technical Committee, aiming to promote high-quality development of the quantum industry. At the corporate level, BOE Technology's glass-based packaging substrate pilot line achieved fully automated line operation; Hiron Technology plans to acquire a 55 percent stake in Sugar Box Food for 130 million yuan; Ronbay Technology plans to invest 4.723 billion yuan in a sodium-ion battery cathode material project; and Three-Circle Group announced a share buyback plan of no less than 500 million yuan and no more than 1 billion yuan.

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