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According to Reuters, informed sources say that Changxin Storage is considering building a second 12-inch DRAM wafer fab in Beijing's Yizhuang and is negotiating financing with the Beijing Economic and Technological Development Zone and several state-owned technology companies. The company is seeking at least 60 million yuan (approximately 8.9 million USD) in support, but negotiations are still in the early stages, and the scale and structure of the financing may be adjusted.The proposed factory will be located at the site of Changxin Storage's existing DRAM wafer fab in Beijing. The planned production capacity and total investment for the project have not yet been determined, while building a fab capable of producing advanced DRAM typically requires over 10 billion USD. Currently, Changxin Storage operates two 12-inch DRAM wafer fabs in Hefei and one in Beijing, each with a monthly production capacity of about 100,000 wafers. Changxin Storage is also building new factories in Shanghai and Hefei, and once the related projects are fully operational, the company's monthly production capacity could double to over 600,000 wafers.This expansion comes as demand for storage chips is driven by AI infrastructure, data centers, and consumer electronics entering an upward cycle. The company completed an 8.6 billion USD IPO last month, marking the largest fundraising for a semiconductor company listed in mainland China, and its stock price has risen by 13% since going public. Changxin Storage is currently the fourth largest DRAM manufacturer in the world, but Samsung Electronics, SK Hynix, and Micron together still account for nearly 90% of the global market share in the first quarter. Beijing and Shanghai are also providing funding and other support to Changxin Storage to gain economic and strategic benefits from its expansion.

Today, the main indices of A-shares collectively rose, with the Shanghai Composite Index up 0.50% to 4094.40 points, the Shenzhen Component Index up 2.48% to 16205.56 points, the ChiNext Index up 2.99% to 4342.71 points, and the STAR 50 Index up 3.85% to 2207.86 points. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 3.29 trillion yuan, a decrease of 245.5 billion yuan compared to the previous trading day. Over 3000 stocks in the market rose, with 170 stocks hitting the daily limit.In terms of sectors, robotics, optical optoelectronics, semiconductors, and military electronics led the gains; while animal health, pharmaceutical commerce, coal, and banking sectors saw the largest declines.From the overall performance in the first half of the year, the main indices of A-shares all rose. Among them, the Shanghai Composite Index accumulated a rise of over 3%, the Shenzhen Component Index accumulated a rise of nearly 20%, the ChiNext Index accumulated a rise of over 35%, and the STAR 50 Index accumulated a rise of over 64%.

Upward Fusion (formerly Tiger Brokers) announced that on May 22, 2026, some of the company's subsidiaries received a notice from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC), indicating that the CSRC Beijing Regulatory Bureau has launched an investigation into their suspected illegal activities related to securities, funds, and futures business. It was found that these subsidiaries engaged in unlicensed cross-border securities business and illegal activities related to funds and futures in mainland China.According to the investigation results, the CSRC Beijing Regulatory Bureau imposed a total administrative penalty of approximately 308.1 million yuan and confiscated illegal gains totaling approximately 103.1 million yuan. The company's director, CEO, and actual controller, Mr. Wu Tianhua, also received a warning and was fined 1.25 million yuan. As of the end of 2025, retail customer assets in mainland China accounted for approximately 10% of the company's total customer assets in the consolidated financial statements.

According to CCTV News, Russian President Putin arrived in Beijing on a special plane. At the invitation of President Xi Jinping, Russian President Putin is making a state visit to China from May 19 to 20.

According to Jinshi reports, at the invitation of President Xi Jinping, U.S. President Trump arrived in Beijing on the evening of May 13 on a special plane to begin a state visit to China.

The People's Court of Haidian District, Beijing, disclosed a case involving virtual currency "box opening." The defendant illegally obtained citizens' personal information through encrypted communication tools and other channels, unlawfully acquiring over 900 million pieces of information data, building a "social engineering database" website storing over 170 million pieces of citizens' personal information, and profiting by selling it in exchange for virtual currency. Additionally, they used encrypted communication tools to establish a "box opening hang person" group to publish illegal information that infringes on privacy.The court sentenced the principal offender, Lin, to 7 years in prison for the crime of infringing on citizens' personal information and the crime of illegally using information networks, and imposed a fine of 70,000 yuan.

According to Jinshi citing ABC News, U.S. President Trump is expected to speak at the White House about the Iran issue at 11 AM Eastern Time (0:00 Beijing Time).

According to official social media news, Huobi HTX will hold a special live event "Huobi Karaoke King - Spring Festival Golden Melody Battle Night" on February 13 at 20:00, inviting He Youqian, the champion of the Beijing division of "The Voice of China," the Huobi team, and several crypto KOLs to perform. During the live broadcast, Huobi HTX spokesperson Molly will also draw Spring Festival gift boxes for users.

The President of the United States, Donald Trump, will make a statement on Thursday at 7 PM (Friday at 8 AM Beijing time).

According to Caixin, 46-year-old Chinese national Su Jingliang from Beijing was sentenced to 46 months in prison for participating in a "pig butchering" scam that laundered over $36.9 million (approximately 256 million yuan). He was also ordered to pay up to $26.87 million (approximately 187 million yuan) in compensation.The United States previously dismantled a transnational fraud and money laundering gang that built trust with victims through social media or dating apps, subsequently guiding them into a fake cryptocurrency trading platform for so-called "investments." The funds of 174 American victims flowed into the accounts of 74 shell companies registered in the U.S., and once the funds were received, they were converted into Tether (USDT). It is reported that in this "pig butchering" scam chain, Su Jingliang played a key role as the "accountant," communicating with employees of Deltec Bank via the encrypted messaging tool Telegram, receiving funds from the U.S. front shell companies, and directing the bank to quickly convert the incoming dollar assets into stablecoin USDT, which were then specifically sent to virtual currency wallets starting with "TRteo." The funds from these wallets ultimately flowed to scam dens in Southeast Asia.

The Vice President of the Beijing Academy of Social Sciences and Executive Director of the China Finance Society, Fan Wenzhong, wrote an article in the Hong Kong Wen Wei Po titled "Steadily Promoting the Coordinated Innovation of Digital Renminbi and Hong Kong Stablecoins," in which he pointed out: Currently, the cross-border use of digital renminbi mainly relies on the internal regulations and pilot policies of the People's Bank of China, lacking clear legal authorization. It is suggested to add provisions in the revision of the "People's Bank of China Law" to clarify the cross-border payment functions of digital renminbi and the legality of its interconnection with compliant overseas digital currency systems, while striving to clarify the "special regulatory requirements and preferential policies for stablecoin issuing institutions that exchange with the mainland central bank's digital currency" in the implementation rules of Hong Kong's "Stablecoin Ordinance," forming a synergistic institutional force.

According to the Hong Kong Wen Wei Po, Fan Wenzhong, Vice President of the Chinese Academy of Social Sciences in Beijing and Executive Director of the China Finance Society, wrote an article titled "Steadily Promoting the Coordinated Innovation of Digital Renminbi and Hong Kong Stablecoins," in which he pointed out: Central Bank Digital Currencies (CBDCs), represented by the digital renminbi (e-CNY), and new payment tools represented by compliant stablecoins from Hong Kong are reshaping the new paradigm of cross-border payments through different paths.Through the coordination of digital renminbi and Hong Kong stablecoins, the cross-border coverage of digital renminbi can be rapidly expanded, enhancing the stickiness of the renminbi in real trade and promoting the internationalization of the renminbi; strengthening Hong Kong's status as an international financial center and creating the world's first "CBDC + compliant stablecoin" integration hub. The cross-border payment solution for the dual currency does not pursue complete unification of the underlying ledgers of digital renminbi and stablecoins, but instead achieves secure exchange and circulation of both at the value level by establishing regulated and standardized interaction interfaces.

According to the Beijing Legal Network WeChat public account, the Beijing High People's Court has released 5 typical cases of punishing telecom network fraud in accordance with the law, including a cross-border telecom network fraud case that utilized virtual currency for investment. The defendant committed fraud in Chaoyang District, Beijing, by using overseas chat software to invite others to purchase virtual currency and invest in designated platforms, and transferred the fraud proceeds through virtual currency.It was found that the gang defrauded a total amount of over 900,000 US dollars (equivalent to over 5 million RMB). The court accurately determined the amount of fraud based on objective evidence such as the salary performance table of the involved company, sentencing Liu to twelve years in prison for fraud and imposing a fine.

Beijing Business Today published an article titled "Speculative Trading on the Rise, People's Bank of China Strikes Again at Virtual Currencies and Defines Stablecoins for the First Time," which points out: The People's Bank of China recently held a coordination meeting to combat speculative trading in virtual currencies, where financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual currency that currently cannot effectively meet requirements for customer identity verification, anti-money laundering, and other aspects. There is a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers, and it reiterated the need to continue combating illegal financial activities related to virtual currencies.However, industry insiders believe that this meeting will not affect the relevant layout of stablecoins in Hong Kong, but speculation on stablecoins in the mainland will be severely cracked down on. As a result, the subsequent layout of stablecoins by relevant entities within the mainland in Hong Kong will have its imaginative space significantly reduced, more limited to practical application scenarios such as cross-border payments and supply chain finance.

Beijing Business Daily Financial Investigation Team published an article titled "The Surge of Cryptocurrency Speculators into Social Platforms," which points out that the chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is, in fact, a diversion for cryptocurrency speculation, brewing a carefully woven hunting trap for ordinary people. From the perspective of diversion methods, it can be roughly divided into several situations, such as creating topics to build IP and setting up advertising links on platforms. Industry insiders believe that a "counter-hunting" battle against the chaos of cryptocurrency speculation has also begun, but to completely end this game, a joint effort from regulators, platforms, and users is needed.Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that efforts to crack down on the operation and speculation of virtual currencies within the country would continue. Since 2017, the People's Bank of China, together with relevant departments, has issued multiple policy documents to prevent and address the risks of domestic virtual currency trading and speculation, and these policy documents remain effective. In the next step, the People's Bank of China will continue to work with law enforcement agencies to combat the operation and speculation of virtual currencies within the country, maintain economic and financial order, and closely monitor and dynamically assess the development of overseas stablecoin values.

ChainCatcher news, according to Securities Times, Beijing has released the "Opinions on Supporting Mergers and Acquisitions to Promote the High-Quality Development of Listed Companies." The "Opinions" encourage and guide more resource elements to gather towards new productive forces.The "Opinions" encourage listed companies to carry out mergers and acquisitions around strategic emerging industries, future industries, etc., accelerate the development of artificial intelligence, medical health, integrated circuits, intelligent connected vehicles, cultural industries, technology services, embodied intelligent robots, new energy, synthetic biology, quantum information, blockchain and advanced computing, low-altitude technology, commercial aerospace, 6G, and other key industrial fields in Beijing, promote the upgrading of service industries, advanced manufacturing, and agriculture, and build a modern industrial system for the capital.

ChainCatcher news, the Beijing Municipal People's Procuratorate released the "Typical Cases of High-Quality and Efficient Performance of Financial Prosecution," disclosing a case of illegal foreign exchange operation using virtual currency as a trading medium.The case shows that Lin and four others used multiple bank cards to receive RMB funds transferred by clients. Through multiple Tether (USDT) trading platform accounts that they actually controlled, they converted RMB into USDT and completed cross-border fund transfers, effectively engaging in disguised foreign exchange trading. The total amount of illegal operations by this gang reached over 1.182 billion RMB. On March 21, 2025, the Haidian District People's Court of Beijing made a first-instance judgment, sentencing the five defendants to fixed-term imprisonment ranging from 2 to 4 years for the crime of illegal operation, along with corresponding fines. Currently, all defendants have pleaded guilty and accepted the charges, and no appeals have been filed; the judgment has officially taken effect.

ChainCatcher news, according to a report by China Central Television, Beijing police recently discovered a strange transaction during their work. The transaction involved an image of a counterfeit currency template, and the police determined that the buyer was likely involved in producing counterfeit money. Based on this clue, the police followed the trail and arrested 15 criminal suspects, dismantled 8 counterfeiting dens, and seized more than 2.5 million yuan in counterfeit currency.It was reported that the suspects in this case were all born after 2000, and some were even minors. They first learned counterfeiting techniques through overseas software, then used printers to produce counterfeit money, and finally sold it using virtual currency for settlement. The suspects not only produced the counterfeit money themselves but also taught counterfeiting techniques to others for profit.

ChainCatcher message, following the official operation of the Digital Renminbi International Operation Center, the People's Bank of China announced the establishment of a Digital Renminbi Operation Management Center in Beijing, responsible for building and operating the central bank's digital renminbi system and other core infrastructures, coordinating various market institutions to jointly build an open, inclusive, secure, and efficient digital renminbi ecosystem, comprehensively promoting the development of digital renminbi business, and serving the innovation of the currency and payment system as well as the strategy of a strong financial nation.