• China aims to build about 15 national manufacturing innovation centers by 2020, according to a document issued by the Ministry of Industry and Information Technology
  • China’s National Development and Reform Commission said in a statement that it encourages various private enterprises and foreign-funded enterprises to participate in public-private partnership (PPP) projects through the establishment of joint ventures and other ways; it also specifically identifies key projects that are open to PPP modes in seven areas, including energy, transportation, water conservancy, environmental protection, agriculture, and forestry
  • China aims to build a batch of “Internet +” innovation platforms in the next two to three years: National Development and Reform Commission
  • Industrial Bank Co. tightened up its loans to real estate developers, refusing to providing loans for “land king” projects: Caixin
  • China’10-year Treasury futures closed down 0.35%, the biggest drop in more than three months
  • China’s securities transaction settlement funds saw a net outflow of 26.6 billion yuan in the week ended August 26, ending a four-week stretch of net inflows, according to www.sipf.com.cn
  • China’s small and medium-sized business confidence index compiled by Standard Chartered fell to 54.9 in August from 55.5 in July, suggesting business activity in the sector slowed again
  • A total of 1,470 new homes were sold in Shanghai as of 15:50 Beijing time, surpassing the 1,000 level for a fourth consecutive day, according to data from the Shanghai real estate trading center, despite the city’s housing regulator denying on Monday rumors that it plans to tighten up housing purchase policies
  • Xinjiang Xintai Natural Gas Co., Ltd. (subscription code: 732393) and Yunnan Chuangxin New Material Co., Ltd (002812) will accept investors’ subscription tomorrow. Xintai Natural Gas Co. will sell 40 million shares at 26.66 yuan per share, implying a PE ratio of 22.99 times, while Chuangxin New Material Co. will issue 33.48 million shares at 23.41 yuan per share, with a PE ratio of 22.99 times: FINTS
  • 634,100 new investors opened securities accounts in the week ended August 26, increasing by 24.8% from a week before, according to data from China Securities Depository and Clearing Company Limited
  • Industrial and Commercial Bank of China said its net profit in the first half of the year rose 0.8% from a year earlier to 150.2 billion yuan; its non-performing loan ratio stood at 1.55%, down from 1.66% at end-March
  • Bank of China said its net profit in the first half of the year rose 2.52% from a year earlier to 93.04 billion yuan; its non-performing loan ratio stood at 1.47%, up from 1.43% at end-March
  • BaoSteel said its net profit in the first six months increased 9.26% year on year to 3.47 billion yuan, while revenue was down 3.44% to 77.99 billion yuan
  • China’s State Council said in a statement that it will keep the economy running within a reasonable range, and ensure main targets for economic and social development of the year will be completed
  • President Xi Jinping said China should vigorously promote reform according to its timetable and roadmap: Xinhua