• China is still testing a scheme to include off-balance sheet financing in assessing the health of commercial banks before rolling it out more widely, China Business Network quoted the PBOC’s top economist Ma Jun as saying
  • Chinese package delivery company ZTO Express raised $1.4 billion in the biggest U.S. initial public offering of this year: Reuters
  • China’s 10-year treasury futures closed 0.29% up to 101.52, while 5-year treasury futures ended 0.23% up at 101.88
  • China’s rapeseed futures closed 3.52% up and corn futures rose 3.1%, while coal futures closed down 4.89%, coking coal and manganese silicon futures fell more than 3%
  • The onshore yuan against the dollar closed at 6.7778, 92 basis points weaker than Wednesday’s official close of 6.7718
  • China Building Material Test & Certification Group Co., Ltd. (subscription code: 732060) and Beijing Oriental Jicheng Co., Ltd. (002819) will accept investors’ subscription tomorrow. China Building Material Test & Certification Group Co will sell 55 million shares at 10.04 yuan per share, implying a PE ratio of 22.97 times, while Beijing Oriental Jicheng Co. will issue 28.34 million shares at 4.96 yuan per share, with a PE ratio of 22.96 times: FINTS