►New Advances in Magnesium Materials and Processes ►Development and Application of New-Type Low-Cost, High-Strength, Corrosion-Resistant Magnesium Alloys ►Stainless Magnesium Technology: R&D Progress from Alloy Materials to Semi-Solid Processes, R&D and Application of Stainless Magnesium Alloys ►Hefei • Great “Magnesium” Chaohu — Building a First-Class Magnesium Industry Ecosystem in China ►R&D Progress and Current Industrialisation Status of Magnesium-Based Materials and Products at Baowu Magnesium ►Haitian Magnesium Alloy Injection Molding Technology and Market Outlook ►Magnesium from an International Perspective: The Transformation from a Cost-Driven Bulk Commodity to a Strategic Engineering Material ►: Focusing on the New Cycle of Supply and Demand for Magnesium Metal and Downstream Applications — Outlook for the Magnesium Market in 2026

On March 20, Ningfu New Energy held the opening ceremony for its Wuxi office, marking the implementation of its strategic layout of taking root in the Yangtze River Delta and serving the regional market.

[PBOC to Establish Interbank Market Transaction Reporting Repository and International Digital RMB Operation Center] At the opening ceremony of the 2025 Lujiazui Forum, Pan Gongsheng, Governor of the People's Bank of China (PBOC), announced the establishment of an interbank market transaction reporting repository. This repository will aggregate and systematically analyze transaction data from various financial sub-markets, including interbank bonds, currencies, derivatives, gold, and bills, providing services to financial institutions, supporting macroeconomic regulation, and facilitating financial market supervision. Meanwhile, an international digital RMB operation center will be established to promote the international operation of digital RMB and the development of financial market businesses, serving digital financial innovation.

The theme of the 2025 Lujiazui Forum is "Financial Openness, Cooperation, and High-Quality Development amid Global Economic Changes." The forum will be held in Shanghai from June 18 to 19, 2025. The forum will invite high-level leaders from governments and financial regulatory agencies around the world, as well as leaders in the financial and economic sectors, renowned experts, and scholars. Li Kexin, Deputy Director of the General Office of the People's Bank of China (PBOC), previously disclosed that Pan Gongsheng, Governor of the PBOC, will attend the opening ceremony of the forum, deliver an opening speech, and give a keynote address. Additionally, Zhu Hexin, Deputy Governor of the PBOC and Director of the State Administration of Foreign Exchange, will also attend and deliver a keynote address. Moreover, Zhou Xiaoquan, Executive Deputy Director of the Shanghai Municipal Commission of Finance, previously stated that during the 2025 Lujiazui Forum, the central financial regulatory authorities will announce several major financial policies. It is reported that the forum will discuss topics such as "Enhancing the Coordination of Global Monetary Policies," "Promoting the Sustained and Steady Development of Capital Markets," "Deepening the Cooperative Development of Shanghai and Hong Kong as International Financial Centers," "Financial Support for the Development of New Quality Productive Forces," "AI-Empowered Financial Reform and Innovation: Opportunities and Challenges," "Improving the Equity and Accessibility of Inclusive Financial Services," and "Improving Green Financial Policies, Standards, and Product Systems." The aim is to provide enlightening ideas and suggestions for promoting global economic recovery and financial stability, as well as advancing China's financial reform and opening up (for specific arrangements, please refer to the latest agenda of the forum).

On June 10, Shanghai Municipality and Sarawak State, Malaysia, marked a significant milestone in their energy cooperation, advancing on two fronts simultaneously. On the same day, Shanghai Mayor Gong Zheng met with a delegation led by Deputy Prime Minister of Sarawak State, Malaysia, Sim Kui Hian, and the two sides exchanged views on deepening economic, trade, and investment cooperation, as well as new energy development. During the delegation's visit to Shanghai, Dato Ibrahim Bakki, Deputy Minister of Public Utilities and Communications of Sarawak State and Chairman of Sarawak Energy Berhad, led a Sarawak delegation to visit Shanghai Electric and held in-depth discussions with Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric Group, on further deepening cooperation. Meanwhile, Shanghai Electric signed cooperation agreements with the Sarawak State Government and China Three Gorges International Energy Investment Co., Ltd., marking a new phase in green energy collaboration between China and Malaysia under the framework of the Belt and Road Initiative. Dato Ibrahim Bakki first conveyed greetings from Sarawak Premier Tan Sri Datuk Patinggi Abang Johari Tun Openg to Wu Lei and expressed gratitude to Shanghai Electric for its contributions to promoting Sarawak's energy transition in recent years. He stated that with abundant renewable resources and a strategic geographical location, the Sarawak State Government of Malaysia is currently investing heavily in green energy sources such as solar, hydrogen, natural gas, and hydropower, aiming to transform Sarawak into a clean energy hub for Southeast Asia and even Asia through sustainable future industries. The Sarawak State Government of Malaysia regards Shanghai Electric as a trusted Chinese enterprise and looks forward to strengthening further cooperation with Shanghai Electric in areas such as hydrogen energy, hydropower, PV, ESS, and gas turbines to support Sarawak's green energy transition. Wu Lei welcomed the visit of Dato Ibrahim Bakki and his delegation and briefly introduced Shanghai Electric's business operations. He stated that Sarawak is an important base for Shanghai Electric to expand its market in Malaysia and Southeast Asia. Through years of connectivity-building efforts, Shanghai Electric has achieved remarkable cooperation results with the Sarawak State Government of Malaysia and Sarawak Energy Berhad. At this critical stage of the synergistic advancement of the Belt and Road Initiative and the ASEAN Energy Community, Shanghai Electric is willing to actively implement the "Joint Statement on Building a High-Level Strategic China-Malaysia Community with a Shared Future" and take this visit by the Sarawak delegation to Shanghai as an opportunity to strengthen cooperation with all parties in Sarawak across various fields through its advantages in equipment manufacturing and scientific and technological innovation R&D, jointly writing a new chapter in Southeast Asia's energy transition. Earlier on the 10th, Zhu Zhaokai, Deputy Secretary of the Party Committee and President of Shanghai Electric Group, was invited to attend the opening ceremony of the 18th International Solar PV and Smart Energy (Shanghai) Conference & Exhibition and witnessed the signing of a "Memorandum of Understanding on Cooperation for the Sarawak 1000 MW Bakun Reservoir Floating PV Project" among the Sarawak Ministry of Public Utilities and Communications, China Three Gorges International Energy Investment Co., Ltd., and Shanghai Electric Power Transmission and Distribution Group Co., Ltd. According to the agreement, the three parties will leverage Sarawak's unique conditions for floating PV development to promote the installation of over 1 gigawatt (GW) of floating PV capacity in the Bakun reservoir area, ensuring that Sarawak achieves its established target of a total installed capacity of 10,000 megawatts (MW) by 2030, and jointly assisting Sarawak in becoming a new energy power generation hub in Southeast Asia. The heads of relevant industrial sectors from the Sarawak Ministry of Utilities and Telecommunications, Sarawak Energy Berhad, and Shanghai Electric attended the above-mentioned event.

As the world focuses on climate change and pursues sustainable development, countries are actively promoting the transformation of their energy structures. NEV companies venturing into the eVTOL sector are emerging as a major trend in the current transportation landscape, highlighting the importance of the integration between the two. What kind of synergy will emerge when EVs meet the low-altitude economy in the future? This event, centered around the entire industry chain of NEV & eVTOL electric drive systems, will focus on areas such as "power systems, electric drives, motor and electronic control, low-altitude aircraft, and innovative raw materials". It will feature a high-quality opening ceremony, a high-level dinner, an awards ceremony, procurement and supply business matchmaking, a study tour of the new energy industry, and "1+2+3" themed forums. Here, the " 2025 SMM (4th) Electric Drive System Conference ", hosted by SMM and attended by Xujue Electric Co., Ltd., will be held in Loudi, Hunan Province, from June 20-21, 2025 . The theme of this conference is "New Quality-Driven, Low-Altitude Takeoff". We hereby extend an invitation to major enterprises in the low-altitude sector and the NEV industry chain to join us, along with industry leaders, in building the 2025 SMM (4th) Electric Drive System Conference into a significant platform for the rapid development of the new energy industry. Click on the registration form to register for the conference immediately. We look forward to meeting you at the event. Booth Number: B8 Xujue Electric Co., Ltd. (formerly the State-owned Xuchang Insulating Material General Factory), founded in 1958, is a key enterprise in the insulating material industry and a vice president unit of the Insulating Material Branch of the China Electrical Equipment Industry Association. It is a national high-tech enterprise, a national specialized, sophisticated, unique, and innovative small and medium-sized enterprise, and a "Gazelle" enterprise in Henan Province that integrates R&D, production, and sales of insulating materials, composite materials, and non-metallic materials. The company has established the Henan Provincial Insulating Material Engineering Technology Center, R&D Center, and Detection Center, and has been successively recognized as: "Henan Provincial Postdoctoral Innovation Practice Base", "Henan Provincial Quality Benchmark Enterprise", "Henan Provincial Single-Product Champion Enterprise", and "National Quality Benchmark Enterprise" . The company boasts excellent quality management, advanced standards, and a solid foundation in metrology. It has obtained ISO9001:2018 quality management system certification, GB/T45001-2020 occupational health and safety management system certification, ISO24001-2016 environmental management system certification, national military standard quality management system certification (GJB9001C-2017), intellectual property management system certification, and UL certification (Certification No.: E-318071). The company firmly establishes and implements the Scientific Outlook on Development, vigorously implements the strategy of "revitalizing the industry through science and technology", and follows the path of integrating production, education, and research. It has established extensive technical cooperation relationships with multiple universities and colleges, promoting the company's sustainable development. Currently, the company holds 52 authorized patents within their validity period, including 9 invention patents, and has participated in the compilation of 4 national standards. It has undertaken core technology research for projects such as "Application and Industrialisation of Superconducting Cryogenic Insulating Materials in the Power Industry" by the Plasma Physics Institute of the Hefei Institutes of Physical Science, Chinese Academy of Sciences, and has taken the lead in implementing key provincial R&D projects such as "Key Technology Research and Industrialisation of Heat-Resistant and High-Transparency Polyimide Films" in Henan Province. Since its establishment, the company has adhered to the spirit of "persisting in its goals without letting go", always focusing on the field of special insulating materials, implementing an innovation-driven strategy, and following the path of military-civilian integration. After years of dedicated efforts, the company has formed four major product systems represented by electrical insulating materials, electronic insulating materials, non-metallic materials, and the new energy sector. Its products are widely used in fields such as power, electronics, thermal power, nuclear power, power transmission and distribution, as well as aviation, aerospace, shipbuilding heavy industry, rocket launches, drones, and radar. Its market share ranks among the top in the domestic peer industry. Click here to participate in the 2025 SMM (4th) Electric Drive System Conference immediately SMM Conference Contact Person Fan Cui 13816522387 fancui@smm.cn