• Ni Pengfei, an official within the Chinese Academy of Social Sciences, said in an article published on the official China Securities Journal that China’s housing market may see a short-term correction as a whole between September this year and the first half of next year
  • A total of 800 billion worth of corporate bonds has been issued by Chinese real estate enterprises as of August 29, substantially larger than that of last year’ total of 675.17 billion yuan, the 21th Century Business Herald reported, citing data from data provider RoyalFlush Information
  • China will escape the middle income trap over time as it deals with the “hangover” of stimulus measures introduced to combat the global financial crisis, former Australian Prime Minister Paul Keating said
  • China’s coal futures climbed 3.4%, coke futures rose 1.1%, and other futures including zinc, lead, and PVC all rose after market opening
  • China’s vice finance minister Zhu Guangyao said on the country’s CCTV that no foundation for long-term depreciation of yuan; China’s economic fundamentals remain sound; China will be able to achieve its growth target of at least 6.5% between 2016 and 2020; China will push forward with supply-side reform
  • Vanke’s A-shares rose by its 10% daily limit as of 10:48 Beijing time, followed by other property shares, including Langfang Development Co., Ltd. and China Calxon Group Co., Ltd .
  • Xiamen announced it will re-launch housing purchase restriction policies, starting from September 5, according to the city’s land resources and housing management bureau
  • The Shanghai index closed 0.29% higher by the midday break, while the Shenzhen index climbed 0.31% and the ChiNext index fell 0.18%