Longsys (09976) has set the offer price for its Hong Kong listing at HK$236 per share, below the top end of the HK$240.60 guidance range, according to ETNet. The price represents about a 44% discount to the company's A-share closing price of RMB359.63 on Thursday, Sept. 3. Longsys plans to issue about 26 million shares and has granted an over-allotment option that could increase the deal size by up to 15%. Trading in Hong Kong is expected to begin on Sept. 8. The company's A-share price rose 0.85% in early trading to RMB362.69, and its shares have more than tripled over the past year, giving it a market value of about $24 billion.

Deepexi Technology (01384) rose as much as 13.9% to HK$38.9 and was last up 12.2% at HK$38.4, after breaking above its 50-day moving average of HK$35.349, according to ETNet. The stock traded 1.9327 million shares worth HK$70.98 million. The active buy-to-sell ratio was 77:23, with net active buying of HK$35.9 million. Morgan Stanley was the largest net passive buyer at HK$503,700, while China Investment Information was the largest net passive seller at HK$6.8753 million.

OpenAI officially released its next-generation cutting-edge model, GPT-6 Astra, and President Greg Brockman made no secret of his praise for Astra. At the pre-release media briefing, he stated frankly that he believes "we have reached AGI."

GLP said it has begun developing a new hyperscale data center park in Foshan, a city in southern China, with planned investment of about 4 billion yuan ($600 million). According to Sina Finance, the company said the park is being built for an unnamed leading internet and cloud services company. According to the company statement, the fully completed park is expected to support up to 200 megawatts of power capacity, with the first phase set at 40 megawatts.

On September 3, Hong Kong innovative drug stocks extended their rally, with the Guozheng Hong Kong Stock Connect Innovative Drug Index (987018) closing at 1,877.71, up 2.55%. The Southern Hong Kong Stock Connect Innovative Drug ETF (159297), which tracks the index, recorded about 246 million yuan in turnover and an 8.78% turnover rate, according to Jiemian News. The article also said China's innovative drug outbound licensing, or BD, transactions exceeded $57 billion in the first quarter of 2026, already above the full-year 2024 level, including a $15.2 billion deal between Hengrui and Bristol Myers Squibb. It added that southbound funds had posted cumulative net inflows of more than HK$500 billion into Hong Kong innovative drug stocks this year, while the total size of innovative drug-themed funds across the market had surpassed 150 billion yuan, up more than 18 billion yuan from the start of the month.

Tianhong Fund Management Co. said it will terminate all fund sales cooperation with UBS Fund Sales (Shenzhen) Co. from September 12, 2026, including subscriptions, purchases, redemptions, conversions and regular fixed-amount investment services, according to Jiemian News. Investors holding Tianhong Fund products through UBS Fund Sales should complete a transfer of custody or redeem their shares by 3:00 p.m. on September 11, 2026. If they do not do so by then, Tianhong Fund said it will transfer the remaining shares to its direct sales platform.

China's smartphone market saw a broad round of price increases on September 1, with Huawei, Honor and Xiaomi raising prices on multiple models by several hundred yuan to as much as 1,000 yuan, according to Jiemian News. Counterpoint data showed Huawei's share of China's smartphone market rose to 23% in the second quarter of 2026, up from 18% a year earlier, while Apple's share increased to 18% from 15%; Xiaomi's shipments in China fell more than 20%, the steepest decline among the six major vendors. The report said higher memory costs are squeezing low-end phones first, prompting Xiaomi, OPPO and vivo to cut some cheaper models and shift new products toward higher price bands. Globally, Omdia said second-quarter smartphone shipments fell 6% year on year, with Samsung and Apple growing while Xiaomi, OPPO and vivo declined. Counterpoint also said the top 10 best-selling smartphones worldwide in the quarter were all from Apple and Samsung, which each accounted for five models.

China's National Development and Reform Commission said the country's low-altitude economy market is expected to exceed 1 trillion yuan in 2026 and reach 3.5 trillion yuan by 2035. By the end of 2025, China had 3.287 million registered drones, up 51% year on year, and annual flight time topped 45.3 million hours, up nearly 70%, according to Jiemian News. Against that backdrop, Jiemian News said RF front-end chips are becoming a key component for drones and eVTOL aircraft, supporting signal amplification, transmission and reception for HD video links, remote control and real-time data backhaul. The report said multiple companies are entering the field, including OnMicro, which has reportedly introduced switch-type RF front-end chips to leading low-altitude economy customers and begun mass production, and Yiqu Semiconductor, in which Changying Precision holds a stake, which focuses mainly on ground terminals, radar, countermeasure systems and phased-array applications. Jiemian News also said Geespace Technology displayed its GC080X series RF transceiver chips at MWC Shanghai 2026, with support for ultra-wide frequency coverage from 30 MHz to 7.125 GHz. Among the suppliers, Konka Communications said its high-efficiency, high-power drone RF front-end chips completed development in 2024, entered mass delivery in 2025 and continued to ramp in the first half of 2026. The company said the products have been shipped in volume to multiple customers, including leading clients.

Techtronic Industries (00669) and Standard Chartered (02888) were flagged for unusual trading at 9:35 AM, according to ETNet. Techtronic rose 2.91% to HK$134.4, with an active buy-sell ratio of 59:41. Standard Chartered climbed 2.23% to HK$238.6, hit a record high, and extended its gains for a third straight session, bringing the cumulative increase to 4.37%. Its active buy-sell ratio was 84:16.

Grayscale believes that tokenized stocks will first achieve scale expansion in the form of global trading products. The growing capital base, coupled with potential regulatory pilots in the United States, may drive its transformation from "investment-accessible" to "financially useful".

Unfortunately, I have to tell you that the grand vision of those stock-paired memecoins will not be realized.

The highly anticipated GPT-6 Astra and GPT-6 Astra Pro have been officially released. The GI era has been unilaterally declared "open" by OpenAI…

The US August non-farm payrolls report is about to be released, with the market expecting only a 56,000 increase. While the employment situation is weak, it hasn't deteriorated significantly, and the Federal Reserve's policy focus remains on inflation. A weak non-farm payroll report does not necessarily mean an interest rate cut.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse 8 AM," issue 3171, providing you with the latest and fastest news on the digital currency and blockchain industry.

23% of the NVDA tokenized shares on Robinhood Chain have been locked in a community vault of a Meme coin, AI (Artificial Inu).

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Crypto Market, Market Trends, Frontier Bets: Why the Best Crypto Investments Are Born in Bear Markets (Golden Finance, Four-Year Cycle, Overriding All Narratives)