• The Shanghai stock exchange is considering to set up a threshold for real estate enterprises to issue corporate bonds, and implement classified management: Bloomberg
  • China Chemical Group is in talks to bid for control of Israel insurer CLAL : Bloomberg
  • Profit earned by China’s auto manufacturers in August surged 43.9% yoy, 24.9% higher than in July; Car sales in August rose 13.1% yoy, 3.9% higher than in July: NBS
  • China’s railway freight volume rose to 279 million tons in August, up 1% from a year earlier, the first increase since December 2013. However, railway freight volume in the first eight months still declined 6.2% year on year: NBS
  • China’s international goods and services trade revenues stood at $205.6 billion in August, while spending was at $178.3 billion, resulting in a surplus of $27.3 billion: the State Administration of Foreign Exchange (SAFE)
  • China’s securities transaction settlement funds saw a net outflow of 42.5 billion yuan in the week ended September 23, a five-week stretch of net outflows, according to www.sipf.com.cn
  • China’s Academy of Social Sciences forecasted that the country’s economy will grow 6.6% in the fourth quarter, and 6.7% for the full 2016
  • The southbound trade of the Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 3.59 billion yuan
  • PBOC and the European Central Bank (ECB) decided to extend the validity of their bilateral currency swap agreement by three years to October 8, 2019, with swap lines still standing at 350 billion RMB / 45 billion euros
  • The Sixth Plenary Session of the 18th Central Committee of CPC will be held on October 24-27: Xinhua
  • Shenzhen Huiding Technology Co., Ltd. (subscription code: 732160) and Shanghai Guao Electronic Technology Co., Ltd. (300551) will accept investors’ subscription tomorrow. Huiding Technology Co. will sell 45 million shares at 19.42 yuan per share, implying a PE ratio of 22.99 times, while Guao Electronic Technology Co. will issue 18.36 million shares at 12.48 yuan per share, with a PE ratio of 22.88 times: FINTS
  • China’s outstanding foreign debt stood at 9.21 trillion yuan ($1.39 trillion) at the end of June, increasing by 396.2 billion yuan from the end of March: SAFE