• Profits earned by China’s state-owned enterprises in the first eight months fell 1.3% yoy, narrowing from a 6.5% in the January to July period; in January to August, total revenue of state-owned and state-controlled enterprises increased by 0.2% yoy, unchanged from the January-July period: Ministry of Finance
  • Pan Gongsheng, director of the State Administration of Foreign Exchange said China’s current balance of payments is generally stable; China’s cross-border capital flows are expected to remain basically stable
  • The China Securities Regulatory Commission (CSRC) issued a number of provisions on the interconnection mechanism between the Mainland and Hong Kong stock markets
  • Deng Ge, spokesman for the CSRC, said in a news briefing that the regulator will continue to introduce supportive documents and regulations to ensure the smooth launch of the Shenzhen-Hong Kong stock connect
  • Deng Ge, spokesman for the CSRC, confirmed China has abolished no less than 50% stock allocation requirements for the QFII, saying the move aims to increase investment convenience for the program, and introduce more long-term funds
  • PBOC said in a statement after the conclusion of its third quarter regular meeting that China’s economy and financial markets run smoothly as a whole; China will continue to implement a prudent monetary policy, and pay more attention to elasticity of the policy
  • China will flexibly use a variety of monetary policy tools, to maintain appropriate liquidity and achieve a reasonable growth of monetary credit and social financing; will improve and optimize the financing and credit structure, and increase the proportion of direct financing and reduce the cost of social financing; will further promote the interest rate liberalization and the RMB exchange rate formation mechanism reform, and keep the RMB exchange rate basically stable at a reasonable and balanced level: PBOC
  • China Merchants Securities priced its Hong Kong IPO slightly lower than the mid-range, raising a total of 10.7 billion Hong Kong dollars: IFR
  • East China’s Jiangsu province held a real estate work symposium on September 28, aiming to keep housing prices from rising too fast: the Shanghai Securities Journal
  • Coal inventories at China’s key power plants have increased by 10% to 56.06 million tons since the end of August, equivalent to 17 days of consumption: the National Development and Reform Commission (NDRC)
  • China General Nuclear Power Corporation (CGN) expects its plans for a new China-led nuclear power plant in Britain to win government approval within five years, the firm’s chairman said, according to Xinhua
  • The National Development and Reform Commission said China’s domestic oil prices will not be adjusted in this price adjustment period, and will further study and improve the refined oil price formation mechanism
  • China’s current account surplus stood at 419 billion yuan in the second quarter; China’s capital and financial account deficit in the quarter amounted to 93.4 billion yuan: the State Administration of Foreign Exchange (SAFE)
  • At end-June 2016, China’s net overseas financial assets amounted to $1,66 billion, an increase of $48.6 billion from end-March, or 3%: SAFE
  • China’s current account is expected to continue to maintain large surpluses in the second half of the year: SAFE
  • China’s glass futures closed down 5.07%, iron ore futures down 3.23, rebar futures down 2.3%
  • The Chinese central bank’s short positions of forward contracts and futures contracts in the local currency totaled $28.9 billion at the end of August, little changed from July: PBOC
  • China has approved corn export permits for two state-owned companies Cofco and Beidahuang; the corn exports would be first in a decade as the goverment seeks to slash stockpiles: Reuters