• Baosteel Group and Wuhan Steel Group completed their targeted capacity cuts for this year, the Xinhua News Agency reported over the weekend
  • China’s centrally administered state-owned enterprises (SOEs) will be able to hit their annual steel capacity reduction goal ahead of schedule, Li Bing, an official with the State-owned Assets Supervision and Administration Commission (SASAC), said on Saturday
  • The China Banking Regulatory Commission (CBRC), the country’s banking watchdog , over the weekend ordered strict control of financial risks related to real estate as bank loans to the sector surged, saying regulations over property loans must be rigorously implemented, and irregular inflows of loans or wealth management funds into the sector must be banned
  • The CFETS RMB Index on October 21 losed at 94.30, losing 0.34% from a week earlier: China Foreign Exchange Trade System (CFETS)
  • Leaders of the Communist Party gather this week (Monday to Thursday) in Beijing for the yearly full meeting of the party’s Central Committee : Xinhua
  • The Onshore yuan against the US dollar fell below the 6.77 mark to 6.7733 as of 9:32 Beijing time, and the offshore yuan declined 0.2% earlier to 6.7842, close to a record low of 6.7850
  • China’s coal inventory in Qinhuangdao rose to 4.21 million tons, and coal price in the port rose to 640-650 yuan per ton: the China Coal Transportation and Marketing Association
  • The Shanghai index closed 1.29% higher by the midday break, while the Shenzhen index rose 0.94% and the ChiNext index climbed 0.85%