• The China Insurance Regulatory Commission recently issued its “13th five year” plan  for the country’s insurance industry, saying China’s insurance premium income by 2020 will be reaching 4.5 trillion yuan
  • Microsoft  said that it entered into a “management buyout agreement” on August 10 with XiChuang Technology (Beijing) Co. under which XiChuang would acquire Microsoft Online Network Communications Technology (Shanghai) Co.
  • Chinese fund managers cut their recommended equity allocations for the next three months to 71.9% from 76.3% a month before, according to Reuters’ latest monthly poll
  • Former SAFE official Guan Tao said the yuan, to be included in the IMF’s SDR basket on October 1, still belongs to risk currencies: MNI
  • Housing mortgage loans accounted for 50% of the total new credit in the first half of 2016: the 21th Century Business Herald
  • Canada has officially applyed for a membership in the Asian Infrastructure Investment Bank: CCTV
  • The Shanghai – Hong Kong Stock Connect today saw a net fund inflow of 4.31 billion yuan for southbound trade, the largest inflow in more than two months
  • The Chinese central bank’s short forward and futures positions on the yuan totaled $28.9 billion at the end of July: the central bank
  • As of August 31, China’s QDII quota stood at $89.99 billion, unchanged from last month; the QFII quota rose to $81.48 billion from $81.38 billion at the end of July: SAFE
  • China will need “arduous efforts” to meet annual economic targets, with the economy under continued pressure in the second half of the year, said Xu Shaoshi, the head of the National Development and Reform Commission