• Shenzhen today sold a plot of land with a total construction area of 1.54 million square meters for 31 billion yuan, becoming the most expensive new “land king” in China: Sina News
  • The national railway coal shipments in July fell 13.2% year on year to 140 million tons; in January- July, shipments were down 11.5% year on year to 1.05 billion tons: National Development and Reform Commission
  • Companies in China may save up to 150 billion yuan a year if they are allowed to contribute less to employees’ social security and housing plans, a research institute at the National Development and Reform Commission said
  • Triangle Tyre Co., LTD. (subscription code: 780163) and Shenzhen Asiantime International Construction Co., Ltd. (002811) will accept investors’ subscription tomorrow. Triangle Tyre will sell 200 million shares at 22.07 yuan per share, implying a PE ratio of 22.98 times, while Asiantime International Construction will issue 45 million shares at 13.99 yuan per share, with a PE ratio of 22.98 times: FINTS
  • New listing: Jiangsu Kuangshun Photosensitivity New-Material Stock Co., LTD. and Ningbo Henghe Mould Co., Ltd. will debut on the Shenzhen stock exchange tomorrow
  • Signs that companies and banks are hoarding cash, have reinforced policymakers’ view there is no major benefit in easing policy further: Reuters
  • A total of 1,066 new homes were sold in Shanghai as of 15:50 Beijing time, surpassing the 1,000 level for a third consecutive day, according to data from Shanghai real estate trading center
  • China’s railway freight volume in July fell 5.8% year on year to 263 million tons; in January- July, national railway freight volume fell 7.3% year on year to 1.839 billion tons, compared with a 7.5% year-on-year drop in January-June: the National Development and Reform Commission
  • China’s official manufacturing Purchasing Managers’ Index (PMI) is expected to hold at 49.9 in August, unchanged from July, according to the median forecast of 35 analysts polled by Reuters
  • In response to rumors that Shanghai plans to tighten up its housing purchase policies, the city’s housing regulator said in its official Weibo account that it has not studied such policies