Ping! The banking arm of financial giant Ping An Insurance, Ping An Bank, reported higher-than-expected first-half results while projecting that RMB26 billion ($3.7 billion) of bonds will be converted into equity this year, beefing up capital, reports Caixin Global. Read more.
Huawei OS:Huawei has officially announced HarmonyOS, the operating system it was rumored to be developing to replace its reliance on Android. The company says the operating system can be used in everything from smartphones to smart speakers and IoT devices like sensors. Read more.
Shenzhen Land Grab:Shenzhen’s land authority will take back land parcels that have been left idle and undeveloped for more than two years, according to an action plan released recently. Official statistics show there are 564 land parcels covering 11.94 kilometers that were sold but have been left undeveloped for more than two years. Read more.