Shanghai's Lin-gang Special Area unveiled its policy for expanding financial leasing this year along with a collection of representative case studies at the Financial Leasing Industry Innovation and Development Conference today. The casebook is intended to showcase best practice across the sector, offering market participants practical examples and guidance as they develop new business models.

Shanghai AI Lab and SJTU’s LUMIA Lab release NCP-ArchPreview, an open-weight 8.9B language modell. 📜 Apache 2.0. 🤖 📄 ⚡ Trained on 5.73T Dolma 3 tokens, it reaches OLMo-3-7B’s final Stage 1 loss with only 51.3% of the tokens, a 1.95× convergence gain. 🏆 Its Stage 1 macro-average rises from 46.59 to 49.04, with +5.99 on GSM8K and +4.28 on HumanEval. 🧠 NCP jointly predicts tokens and a concept sequence at one-quarter the length, then feeds those concepts back to guide generation. 🛠 Domain adaptation updates only the 17M-parameter concept module while keeping the token backbone frozen. 🚀 Concept-conditioned drafting improves mean accepted length by 4.17% with negligible overhead.

Shanghai lit up as the 3rd Shining Shanghai Festival opened on Thursday, featuring one main venue and 16 sub-venues hosting 158 themed activities, bringing a dazzling feast of light to the city.

Shanghai has climbed one place to rejoin the top five global financial hubs, according to the 40th edition of the Global Financial Centres Index released today. New York, London, Hong Kong, Singapore, and Shanghai ranked as the top five, followed by Tokyo, Seoul, Shenzhen, Dubai, and Zurich. #GFCI40# @ZYen_DF