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On August 26, Baidu (09888.HK) announced on the Hong Kong Stock Exchange that all resolutions presented at the special shareholders' meeting held on that day were officially approved, as stated in the notice of the special shareholders' meeting released on July 27, 2026. Following past precedents, if Baidu can complete the conversion by September 3 before the inspection date, it may take advantage of the current adjustment window for Hong Kong Stock Connect, with the earliest formal inclusion expected in the week of September 7.

On August 26, the Shanghai Municipal Government Office issued the "14th Five-Year Plan for the Development of Strategic Emerging Industries in Shanghai." The plan emphasizes strengthening the cultivation of new intelligent terminals, focusing on applications such as the next generation of mobile internet, smart homes, and smart factories, to create internationally competitive consumer-grade new intelligent terminal brands and launch a series of popular terminal products. Key development areas include: 1. Key Hardware. Accelerating breakthroughs in critical technologies such as edge AI chips, next-generation displays, and flexible material sensors, and promoting the iteration of technologies like MicroLED, optical waveguide lenses, and high-performance rendering engines. 2. Edge Models. Developing lightweight multimodal edge-specific models, optimizing iterative model compression algorithms to ensure that edge models can achieve performance levels comparable to cloud-based large models across various application scenarios. 3. Intelligent Consumer Terminals. Creating new AI consumer terminals such as AI computers, AI smartphones, AI glasses, bionic robots, and smart wearable devices, supporting a new manufacturing model of "product design + standard component assembly."

On August 26, the Shanghai Municipal Government Office issued the "14th Five-Year Plan for the Development of Strategic Emerging Industries in Shanghai." The plan emphasizes strengthening the cultivation of new intelligent terminals, focusing on applications such as the next generation of mobile internet, smart homes, and smart factories, to create internationally competitive consumer-grade new intelligent terminal brands and launch a series of popular terminal products. Key areas of development include: 1. Key Hardware. Accelerating breakthroughs in critical technologies such as edge AI chips, next-generation displays, and flexible material sensors, and promoting the iteration of technologies like MicroLED, optical waveguide lenses, and high-performance rendering engines. 2. Edge Models. Developing lightweight multimodal edge vertical models, optimizing iterative model compression algorithms, and achieving performance levels of edge models that can generally match those of cloud-based large models across various application scenarios. 3. Intelligent Consumer Terminals. Creating new AI consumer terminals such as AI computers, AI smartphones, AI glasses, bionic robots, and smart wearable devices, supporting a new manufacturing model of "product design + standard component assembly."