Yicai 第一财经
@yicaichina
English-language version of Shanghai-based business and financial media outlet Yicai. 中国财经全媒体第一财经英文品牌一财全球的官方账号
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China Opens Digital Yuan Cross-Border Trade Service Platform
Half of Chinese Firms’ Actual Returns on Using AI Are Below Expectations, Survey Shows
China’s Shanshan Rises on USD761 Million Plan to Build New Synthetic Graphite Anode Plant
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.
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The Industry-University-Research Cooperation Base of the SUFE Dishui Lake Financial Leasing Research Center was unveiled today in Shanghai. This base will bring together resources from university think tanks, industry associations, industrial platforms and professional media to bridge theoretical research, industry practice and implementation, with the aim of deepening industry-academia-research collaboration in the field of financial leasing.
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The committee that manages Shanghai's Lin-gang Special Area launched a technology leasing services station today, together with an integrated technology leasing services system, with the aim of improving the local financial leasing ecosystem. The first businesses to establish a presence at the station include Bank of Communications Financial Leasing, Bank of China Financial Leasing and Yangtze United Financial Leasing.
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XPeng held an opening ceremony yesterday for the world's first X-Energy Megawatt Flash Charging Station, the EV startup said on Weibo. Jointly built with Halo, the station has been operating in Hong Kong since Sept. 15 and is the city's first public megawatt charging station, open to all EV brands. The XPeng X9 topped Hong Kong's pure electric luxury MPV sales in July and August. The company plans to deploy about 10,000 ultra-fast charging piles in key overseas markets over the next three years, Vice Chairman and President Brian Gu said at the event.@XPENG_Global
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BYD's Thailand plant produced its 100,000th new energy vehicle on Sept. 21, with the milestone vehicle being the ATTO 3, the Chinese auto giant said today. About 95% of the factory’s employees are Thai nationals, while locally sourced components account for around 50%. @BYDGlobal @BYDCompany
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Stripe's cross-border payments in #China# jumped around 48% between 2024 and 2025, while the number of Chinese startups using #Stripe# climbed about 30%, Sina Finance reported today, citing the US provider of online payment services. Stripe's Chinese users include AI firms Moonshot AI, MiniMax, and Manus, as well as coffee chain Luckin Coffee, and other businesses. Europe and the US remain the main destinations for Chinese firms going global, it said. @stripe @Kimi_Moonshot @MiniMax_AI @ManusAI
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Chipmaker Nexperia Has Rebuilt Supply Chain in China Despite Control Dispute
At the opening ceremony of the 48th #WorldSkills# Competition in #Shanghai# yesterday, humanoid robots joined performers on stage, dancing alongside them in a show that wowed the audience. But why were robots performing at a global event dedicated to skilled human professionals? Yicai spoke with researchers on site and the VP of Chinese robotics company #AgiBot#'s general business unit to explore what happens when technology and human skills come together, and how robots could ultimately expand what people are capable of achieving.
@AGIBOTofficial #WorldSkillsShanghai2026# @WorldSkills2026 @WorldSkills @WorldskillsJ
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The 48th WorldSkills Competition has officially opened! A group of China's latest-generation humanoid robots performed a dance with dancers at the opening ceremony, marking the world's first full-scale humanoid robot autonomous cluster dance performance. @WorldSkills2026 @WorldSkills #WorldSkills# #WorldSkillsShanghai2026#
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Alibaba Launches New Qwen AI Phone Solution With Honor as First Adopter @AlibabaGroup
For years, Chinese developers have financed construction with cash from buyers who had yet to move in. New rules made big changes: presale funds are ring-fenced, mortgages delayed to completion, and financing reworked around projects, not developers. @MarkKruger59
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The Lin-gang Special Area Financial Leasing Industry Innovation and Development Conference kicked off today in Shanghai's Dishui Lake Financial Bay. Bringing together industry leaders and financial experts, the event will unveil new pilot policies, highlight innovative leasing cases, and showcase tech-leasing services aimed at driving industrial upgrades and empowering global expansion.
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China’s BOE to Invest USD12 Billion in R&D, USD119 Billion in Procurement in Five Years, Chair Says
China has 270 million people with a higher education background, Education Vice Minister Wang Guangyan said at a press conference today. The country’s enrollment rate for preschool education neared 93%, and its retention rate for compulsory education exceeded 96%, he added.
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US' Freepoint Completes First Nickel Futures Position Transfer by Foreign Trader in Shanghai
Industrial-Grade Robodogs Make Up 40% of Global Shipments in First Half, Report Shows
The 5th Global Digital Trade Expo kicked off in Hangzhou today, with more than 2,000 global exhibitors, half of which are AI-focused. Featuring a debut AI Future exhibition area and an embodied AI competition with over 100 competing teams, the five-day event highlights cutting-edge advancements across the entire AI value chain. #GDTE#
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The 16-day Mid-Autumn and National Day holiday railway travel rush has officially kicked off today. The Yangtze River Delta region expects to handle 54 million passenger trips between today and Oct. 8, with the peak daily passenger volume likely to hit a record of 4.4 million on Oct. 1.
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