AGP Executive Report
Last update: 10 hours agoOffshore Energy: CNOOC said China’s largest offshore shallow lithologic oilfield, the Kenli 10-2 cluster in the Bohai Sea, has entered full production in its first phase, topping 2,800 tonnes of daily output. Capital Markets: China’s CSRC said foreign investors are steadily adding to A-shares this year, now holding over 4 trillion yuan in tradable stocks, as reforms improve investment and financing. Tech & Regulation: China released guidelines for AI metrology capacity building, aiming to strengthen foundational capabilities and speed “AI Plus” integration with the real economy. Finance & Policy: China launched its first green bond sale in Hong Kong, issuing 6 billion yuan (US$886m) to fund green spending, while FM Wang Yi urged UN-led global governance reform and stronger AI rules. Industry & Innovation: Lingang Economic Development set up an investment unit to build a hard-tech ecosystem in Shanghai’s free-trade zone, targeting over CNY15bn in assets by 2030. EU Trade Pressure: The EU fined Temu €200m over illegal and unsafe products, escalating scrutiny of Chinese e-commerce compliance. Biopharma: China issued its first marine biopharma policy, targeting multiple innovative drugs and value-added above US$19bn by 2030. Geopolitics: China and Pakistan again referenced Jammu and Kashmir in joint statements, drawing sharp pushback from India.
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