• An individual income tax reform plan was submitted to the State Council, in which includes suggestion of income tax exemption on home loan interest payments: FINTS
  • Profits of China’s major industrial companies gained 6.9% YoY in the first seven months of 2016, up from the 6.2% in H1: National Bureau of Statistics
  • Federal Reserve Chair Janet Yellen said Friday the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and inflation. Hoverer, she did not offer any timetable for the increase: FINTS
  • Vice Chairman of the China Insurance Regulatory Commission wrote an article on risks in insurance funds investment: Caixin
  • President Xi Jinping urges independent research and development of aero-engine and gas turbine
  • Aero Engine Corporation of China (AECC) established on Sunday with a registered capital of 50 billion yuan: FINTS
  • The market capitalization of over-the-counter equities exchange New Third Board exceeded 3.4 trillion-yuan last week with a total 8,877 companies listing on it: FINTS
  • At least nine Hong Kong-listed mainland city commercial banks are now seeking dual-listing approvals for their shares on the Shanghai or Shenzhen bourses, as the best of raising much-needed capital: SCMP
  • China plans to reduce the proportion of logistics costs to the total value of goods carried by the sector by 0.5 percentage points from the current 4.9% in the three years by cutting highway tolls, removing illegal fees charge by airports, ports and railways: Ministry of Transport
  • The inspection group sent out by the central government pointed out in a report that the northeast Liaoning Province had fabricated economic data during a certain period: FINTS
  • Alibaba Group and its main financial affiliate will spend 2.39 billion Hong Kong dollars acquiring Hong Kong-listed AG Tech Holdings to boost its lottery business in China: FINTS
  • Agricultural Bank of China, the country’s fourth largest lender, reported a slight increase in net profits to 105.05 billion yuan, up 0.5% YoY: FINTS
  • The Vatican is hopeful it can improve ties with China after decades of tension, the roman Catholic Church’s highest-ranking diplomat said on Saturday, adding that warmer relations would benefit the whole world: Reuters