06/24
2026 Wed.
Apple is expected to begin mass production of its first foldable iPhone in late July after finalizing key specifications, including the display, casing and mechanical components, according to a supply-chain source cited in media reports. The source said the device has entered the final stage of production preparation. Recent market speculation suggested the launch could be delayed due to issues related to the hinge design, but the source said Apple remains on track to unveil the product in September as originally planned.
Kidswant said on June 24 that it had updated its application for a proposed H-share listing on the Hong Kong Stock Exchange, following its initial filing submitted in December 2025. The company updated and re-submitted its application on June 23. It said the filing materials remain in draft form and may be revised or supplemented as needed. Kidswant added that the proposed offering and listing remain subject to approvals, filings or clearance from the China Securities Regulatory Commission, the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange, among other authorities.
The 23rd China Digital Entertainment Expo and Conference (ChinaJoy) will be held in Shanghai from July 31 to Aug. 3 under the theme “Travel with AI,” organizers said at a press briefing on June 24. Nearly 900 companies have signed up to participate, including 275 foreign firms from 39 countries and regions, according to the organizers.
Mobile phone shipments in China's domestic market rose 16.5% year-on-year to 27.64 million units in May, according to data released by the China Academy of Information and Communications Technology (CAICT) on June 24. Of the total, 5G handset shipments reached 26.22 million units, up 23.8% from a year earlier and accounting for 94.9% of all mobile phone shipments during the month.
A-share and Hong Kong initial public offerings (IPOs) accounted for 33% of global IPO volume in the first half of 2026, while representing 22% of total funds raised worldwide, according to data released by EY on June 24. EY estimates that 81 companies will complete IPOs on China's mainland stock exchanges during the first six months of the year, raising a combined 105.7 billion yuan. The figures were presented at a briefing on IPO markets in mainland China and Hong Kong, according to Securities Times.
China's National Radio and Television Administration (NRTA) has proposed requiring short-form dramas created or produced using artificial intelligence technologies to carry disclosure labels in prominent positions in each episode, according to draft rules released for public consultation. Under the proposal, production companies and distributors would be required to comply with existing regulations governing AI-generated content and ensure that viewers are clearly informed when AI technologies have been used in the creation of a drama.
China'sNational Radio and Television Administration (NRTA) has proposed measures to support the production, distribution and overseas expansion of export-oriented short-form dramas, according to draft rules released for public consultation. The draft rules would facilitate the participation of overseas creative talent in short-form drama productions and support the simultaneous release of high-quality titles in domestic and international markets. The regulator also proposed encouraging international exchanges and industry cooperation to promote cross-cultural dialogue and strengthen the global reach of Chinese short-form content.
Foxconn and Sharp said on June 24 that they had signed a memorandum of understanding to establish a framework for joint research, development and commercialization. The partnership will focus on new business opportunities in areas including AI infrastructure, robotics and intelligent automation, next-generation communications, smart cities, and energy and ESG-related solutions.
China's National Radio and Television Administration (NRTA) has released draft rules for public consultation that would introduce a tiered regulatory framework for micro short dramas based on investment size and subject matter. Under the proposed rules, productions would be classified into three categories, with different filing, disclosure and distribution licensing requirements. High-budget productions or those involving topics such as politics, national security, military affairs, religion, ethnic affairs, diplomacy, law enforcement and the judiciary would be subject to stricter oversight. The regulator said detailed classification standards would be formulated separately and adjusted in line with industry developments.
Shanghai has introduced a package of measures aimed at supporting high-level projects by foreign-invested biopharmaceutical companies, according to a joint policy document recently released by several municipal authorities. Among the measures, imported drugs approved in China may be allowed to enter the market even if they were manufactured before receiving Chinese regulatory approval, provided they meet product release requirements. Authorities will also streamline customs clearance and inspection procedures for imported medicines, particularly those urgently needed for clinical use. The policy also calls for faster batch testing of biological products and import inspections, with sampling to be completed within three working days after imported medicines arrive in Shanghai.
