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Real-time News
On August 28th, UBTECH Robotics Corp. (09880.HK) announced that its revenue for the first half of 2026 was RMB 1.269 billion, a year-on-year increase of 104.2%; the company incurred a loss of RMB 339 million during the period, compared to a loss of RMB 440 million in the same period of 2025; the adjusted net loss for the period was RMB 339 million, compared to a loss of RMB 368 million in the same period of 2025. Revenue from full-size embodied intelligent humanoid robot products and solutions reached RMB 590 million, a year-on-year increase of 1445.0%.August 28 – The 24th session of the Standing Committee of the 14th National Peoples Congress concluded at the Great Hall of the People in Beijing on the afternoon of August 28. The session adopted the Medical Security Law, the Farmland Protection and Quality Improvement Law, the newly revised Agricultural Law, the newly revised National Defense Mobilization Law, and a decision to amend the Lawyers Law; it also decided to remove Lu Zhiyuan from the post of Minister of Civil Affairs and appoint Li Changguan as Minister of Civil Affairs. President Xi Jinping signed Presidential Decrees No. 80, 81, 82, 83, 84, and 85 respectively. Chairman Zhao Leji presided over the closing session. The session also decided to remove Zhang Youxia from the post of Vice Chairman of the Central Military Commission of the Peoples Republic of China and Liu Zhenli from the post of Member of the Central Military Commission of the Peoples Republic of China.According to Axios: U.S. officials say the memorandum of understanding signed on June 17, which includes parts concerning the Strait of Hormuz, is outdated, and they also consider the negotiations between Oman and Iran on new arrangements for managing the strait as irrelevant background noise.On August 28, the 73rd meeting of the Standing Committee of the 14th National Peoples Congress (NPC) was held at the Great Hall of the People in Beijing. Chairman Zhao Leji presided over the meeting. The meeting heard reports from Xin Chunying, Chairman of the NPC Constitution and Law Committee, on the deliberations of the draft amendments to the Medical Security Law, the draft amendments to the Farmland Protection and Quality Improvement Law, the draft amendments to the Agricultural Law, the draft amendments to the National Defense Mobilization Law, and the draft amendments to the Lawyers Law. The meeting also reviewed the relevant draft resolutions. The meeting heard a report from Liu Qi, Secretary-General of the NPC Standing Committee, on the deliberations of other matters to be submitted for voting. The meeting decided to submit the aforementioned draft resolutions to the closing session of the 24th meeting of the 14th NPC Standing Committee for a vote.According to Axios: U.S. officials say the goal is to restore oil exports from the Strait of Hormuz to 60% to 70% of pre-war levels by mid-September.
