People's Government of Shuangliu District, ChengduCHENGDU, China, Oct. 21, 2026 (GLOBE NEWSWIRE) -- From October 21 to 25, the 2026 ITF World Tennis Tour Junior Finals, hosted by the People's Government of Shuangliu District, Chengdu, Sichuan Province, is held in Shuangliu District. Hosting this premier international junior tennis tournament in China's inland west reflects how Shuangliu is leveraging its advantages as an aviation hub to build its urban competitiveness. As a key hub in China's Chengdu-Chongq ...

Flash | 27 Sep 2026 17:47:19 ET │ 12 pages China Communications Infrastructure US Optical Transceiver Bill: Direct Exposure Limited and Policy Overhang Persists CITI'S TAKE On 25 Sep 2026, four U.S. senators introduced the Securing National Security Systems from Chinese Optical Transceivers Act, explicitly naming Innolight and Eoptolink as restricted vendors for U.S. National Security Systems (NSS) procurement. As the bill is still at early legislative stage and would not impose a blanket ban across commerc ...

China optical communication sector update EQUITY: TECHNOLOGY Transceiver Act, new fiber capacity, switch chip localization Quick Note FiberHome (600498 CH, Not rated)'s private placement plan (up to CNY2.91bn) was announced on 11 July 2026, targeting to add 600 tons / year of preform capacity. Relative to the market demand gap driven by global AI infra construction, we think the capacity expansion plans from both the top-tier manufacturers are not aggressive, and the increased capacity is unlikely to trigge ...

Flash | China Communications Infrastructure Quick Thoughts on Potential FCC Restrictions on 3.2T Optical Modules CITI'S TAKE During our recent investor discussions, we observed heightened investor focus on the FCC's potential future restrictions on high-end optical module imports into the US. Investors asked about potential FCC restrictions on the origin of core component value in next-generation 3.2T modules; the most negatively impacted companies would be those with exposure to critical components such as ...

Ac t i o n | 06 Oct 2026 02:35:58 ET │ 51 pages JX Advanced Metals (5016.T) JXAM in the longer run - upstream underpin of AI supply chain, expecting tight InP substrate supply/demand for many years CITI'S TAKE JXAM offers numerous upstream materials that underpin the AI supply chain. Moreover, its products are highly competitive and command high market shares. Among the company's focus businesses, semiconductor targets contribute the most to earnings, and we expect stable and high growth here. We think InP ...

Investor Call Takeaways | No Customer Requests on BOM Chatter, Low Laser BOM Share and U.S. Footprint Offer Flexibility CITI'S TAKE We dialed into DSBJ's investor call today. Key takeaways: (1) A potential 65% U.S.-content threshold for optical transceivers remains unconfirmed, and management says U.S. customers have not requested any changes. (2) Even if introduced, the threshold may be easier for DSBJ to meet: management estimates that its in-house laser chips account for just 1%– 2% of its optical-transc ...

EQUITY: TECHNOLOGY What if US content reaches 65% of transceiver BOM cost? Quick Note We have observed considerable volatility in China's optical communication stocks recently, following a Reuters report in early August on potential FCC (Federal Communications Committee) ban on Chinese optical transceivers (Reuters' report ). We discussed in our previous report ( link ) that a lose-lose scenario would involve imposing ban on all new (next-gen) transceivers from Chinese suppliers. In recent days, many invest ...

PRIMER 8 October 2026 US Networking & Communications Equipment US Networking: Connecting the dots... A primer on networking equipment in the age of AI Daniel Zhu +1 917 344 8309 daniel.zhu@bernsteinsg.com Mark C. Newman +1 212 845 7822 mark.newman@bernsteinsg.com Viola Chen +1 917 344 8614 viola.chen@bernsteinsg.com Phoebe Sun +1 917 344 8481 phoebe.sun@bernsteinsg.com We initiated on US Networking and Communications Equipment on 9/29 after the close. This note serves as a primer for investors new to the sp ...

11 October 2026 | 9:20PM HKT Portfolio Strategy Research CHINA STRATEGY AI Changes The Game: China is coming AI has changed the game for China equities Since the DeepSeek moment in early 2025, almost US$5tn of market cap has been created by Chinese AI-related public equities via price gains and IPOs. Now, AI stocks contribute to 42% of the total market cap and 57% of turnover across A and H shares. An AI duopoly in the making China has been a pivotal exporter to the global AI supply chain, representing ~50% ...

on 16-Oct-2026 15 October 2026 U.S. Multi Industry & Electrical Equipment AI Data Center Interconnects: Copper Inside, Optical Outside, CPO in Between (webinar recap) Varun Govindaraj +1 917 344 8543 varun.govindaraj@bernsteinsg.com Daniel Zhu +1 917 344 8309 daniel.zhu@bernsteinsg.com Specialist Sales Steve Song +1 917 344 8401 steve.song@bernsteinsg.com Last month we initiated coverage of US interconnect manufacturers and networking equipment, with the evolving copper-versus-optics debate across AI data c ...