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一 | Wave of listings highlights new growth engines Chinese humanoid robot maker Unitree Robotics opened subscriptions for its initial public offering on the Shanghai Stock Exchange's sci-tech innovation board, or STAR Market, on Monday, as the market witnessed a broader economic shift with future industries expected to power the country's next wave of economic growth. President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee, said in an article published in June in the Qiushi Journal, a flagship magazine of the CPC Central Committee, that cultivating and developing future industries are of great significance for seizing the development initiative, developing new quality productive forces and improving people's quality of life. Efforts should be made to vigorously foster first-class scientific, technological and high-tech enterprises that excel in core technologies and possess strong innovation capacities, Xi said. For decades, China's economic expansion was powered largely by traditional industries, infrastructure investment and manufacturing scale. But the next wave of growth is increasingly expected to come from future industries, including embodied intelligence, future energy, quantum technology, brain-computer interfaces and 6G, which have been highlighted as key areas in China's 15th Five-Year Plan (2026-30). Since leading semiconductor firm ChangXin Memory Technologies debuted on the STAR Market in late July, a number of companies including artificial intelligence chip developer Enflame Technology, semiconductor manufacturer Can-Semi Technology, commercial rocket maker LandSpace and AI chip company Kunlunxin have been moving toward potential listings. Behind the wave of listings is not just a reshuffle of capital market preferences, but a transformation in the sources of future economic growth. Hu Yongjun, secretary-general of future industries and platform economy research center under the State Information Center, said: "Developing future industries is a key move in driving industrial transformation and upgrade. Technologies that appear to be in an exploratory stage today could become engines of economic growth over the next decade or more." He said that future industries will fuel China's economic growth through new trillion-yuan-level industries that will come about as emerging technologies transform into commercial applications, and traditional industries are upgraded by integrating technologies such as AI, digitalization and low-carbon solutions. "More importantly, future industries are not simply about developing several new products. They could accelerate upgrades across an entire industrial chain, from core components to end-user applications," he said. A humanoid robot illustrates this ecosystem effect. Behind a single robot are dozens of interconnected sectors, including AI models, chips, sensors, precision reducers, motors, batteries, new materials, industrial software and intelligent manufacturing equipment. China's electric vehicle industry offers a similar example. Over the past decade, the rise of new energy vehicles has reshaped the global auto industry while driving rapid growth in power batteries, energy storage materials, intelligent driving technologies and automotive chips. In addition, the Unitree IPO and other upcoming listings represent a broader reallocation of capital toward technologies that may require years of investment before generating large-scale commercial returns. Xi also stressed efforts to improve fiscal and taxation policies, vigorously develop technology finance, and optimize government procurement and talent cultivation, introduction and utilization to foster a robust environment that encourages innovation. Tian Xuan, dean of Peking University's Guanghua School of Management, said: "China is transiting from factor-driven growth toward innovation-driven development. Capital is moving beyond its traditional role of financing capacity expansion in mature industries and increasingly taking on the earlier-stage, longer-term uncertainty involved in building future industries." As of June 2026, the STAR Market had attracted 609 hard technology companies, with total funds raised through IPOs and refinancing exceeding 1.37 trillion yuan ($203 billion). More than 40 listed companies on the market have also entered cutting-edge fields such as quantum technology, 6G and biomanufacturing. The China Securities Regulatory Commission has also introduced a regular "green channel" mechanism for IPO financing and mergers and acquisitions involving technology companies in strategically important core technology areas. For instance, Unitree Robotics moved rapidly through the listing process, taking less than four months to go from the application acceptance stage to approval, marking the fastest review under the STAR Market's preliminary review mechanism since its implementation. "Amid the rapid development of AI, rising geopolitical tensions and a growing emphasis on strategic security, China needs to build a financial system better aligned with the development of new quality productive forces," Tian said. "This requires expanding the supply of patient capital, improving market structures, enhancing policy predictability and reducing resource misallocation, thereby providing sustained and solid financial support for innovation," he added. 。1月15日，网易考拉在回应用户投诉网易考拉出售的加拿大鹅绒服装涉嫌假冒的情况下，重申其声明，网易考拉一直在努力按照对消费者负责的原则与加拿大鹅绒当局联系，寻求权威的认证渠道。并为消费者提供客观、准确的答案。目前，加拿大鹅业主管部门已通过邮件通知，货物可发送至其在中国大陆指定的售后维修机构进行实物鉴定，该机构位于广东省东莞市。至于此前媒体报道的网易考拉不是加拿大鹅的授权经销商，网易考拉尚未做出回应。

二 | 网易考拉在一份声明中表示，鉴于该事件已成为公众关注的焦点，并本着对公众和网易考拉消费者负责的原则，网易考拉计划将目前存放在浙江省杭州市东方公证处的商品交付给中国人民银行。在国家公证机关工作人员和权威媒体的共同见证下，消费者被女士尽快扣押。到上述识别通道。

三 | 网易考拉真诚地欢迎万女士来杭州确认货物的正确性，并见证整个交货过程和现场鉴定。也可以直接到东莞确认货物是否正确，并查看标识流程。如果齐女士不方便，她也可以委托他人，邀请媒体和她一起见证整个过程。所有交通、住宿、餐饮和误工费用由网易考拉支付。此外，网易考拉还承诺，在符合法律规定的前提下，将在运输和鉴定过程中采取一切行动，并将鉴定结果尽快向公众公布。如果易建联购买的商品是假的，消费者会公开道歉，并赔偿易建联的精神损失费。