• Wanda is reportedly in talks to buy Dick Clark Productions for up to $1 billion:  Dow Jones News
  • The IMF suggested that China gradually stop setting economic growth targets: Xinhua
  • China’s corporate debt obviously accounts for more than 100% of GDP; China’s non-performing loans are expected to increase in the next 3 to 5 years; China’s debt as a share of GDP in 2020 is expected to reach 280%-300%: PIMCO
  •  Early private indicators for September, including the Standard Chartered Plc’s Small and Medium Enterprises Confidence Index, the China Satellite Manufacturing Index, and the Market News International China Business Sentiment Indicator, has shown signs of strength of China’s economy: Bloomberg
  • The yuan’s share of global payments in August fell to 1.86% from 1.9% in July: Swift
  • China’s August industrial firm profits were up 19.5% yoy, the highest level since September 2013, and compared with the July results of a 11% increase; China’s industrial profits for the January-August period grew 8.4% yoy to 4.06 trillion yuan, compared with a 6.9% rise in the first seven months: NBS
  • The Asian Development Bank raised its Chinese growth forecasts for 2016 and 2017 to 6.6% and 6.4%, compared with the previous forecasts of 6.5% and 6.3%
  • China’s National Development and Reform Commission will hold a meeting on Tuesday afternoon, to have a discussion about ensuring winter coal supply in northeast China: Bloomberg
  • The One-day treasury repo rate (GC001) in the Shanghai stock exchange surged 104% to 5.35% by the midday break, while the three-day rate soared 336.5% to 14.1%, the highest level since March 11, 2015
  • The Shanghai index closed 0.15% lower by the midday break, while the Shenzhen index lost 0.12% and the ChiNext index gave up 0.32%