New IPO listing wave

China's most closely watched artificial intelligence and robotics start-ups, collectively known as the "six little dragons" of Hangzhou, are gearing up for stock market listings, signaling a renewed IPO push for hard-tech firms.
Brain-computer interface company BrainCo has filed for an initial public offering in Hong Kong, according to Bloomberg, making it the latest among the group to pursue public funding as competition intensifies for capital, talent and global visibility.

Double their spending on AI in 2026

Companies' investment in artificial intelligence is growing significantly and that trend will continue as they plan to double their spending on the cutting-edge technology in 2026, accounting for about 1.7 percent of revenues, according to a report from Boston Consulting Group.
CEOs are rolling up their sleeves and taking the lead as their companies' main AI decision makers, with trailblazing chief executives spending more than eight hours per week on their own AI upskilling, the report said, investing twice as much as their counterparts in upskilling and capability-building across their organizations.

Capital account opening

China will deepen high-quality capital account opening and improve the diversified investment and use of the country's foreign exchange reserves in the coming five years, as part of broader efforts to sharpen its financial strength, a senior official said.