According to Chinese TV, Chinese scientists at the Purple Mountain Observatory in Nanjing are claiming that they have recorded clear UFO footage while observing total solar eclipse on July 22. Observatory director Ji Hai-sheng says they need to study it:

Purple Mountain Observatory and Chinese Academy of Sciences said that during the July 22 total solar eclipse observation, China had discovered near the sun, by observing staff, an unidentified object, it's physical nature remains to be further studied. Currently manpower is being organized to deal with this data, complete the data analysis and reveal the scientific results and this will take at least one year's time to finalize.

According to Chinese television, students captured the phenomenon with their cameras—the video and frames shown in this article—claiming that the object appeared as a "glowing blue sphere," and then changed its shape repeatedly.

Chinese Scientists Record 40 Minutes of Clear UFO Footage

Chinese Scientists Record 40 Minutes of Clear UFO Footage

We will have to wait until the Purple Mountain Observatory releases the actual video, as well as their conclusions. Until then, I am going to go with the standard a) venus lights, b) morning gas, c) dim-sum advertising blimp, d) all of the above. [Daily Telegraph and Daily Mail]