• Unless China’s economic growth is at serious risk of falling below 6.5%, policymakers do not see the need to reduce interest rates or bank reserves: Reuters
  • Private equity fund is expected to participate in the market making business of China’s over-the-counter market New Third Board within the year: FINTS
  • For the past two months, the National Development and Reform Commission has approved 12 infrastructure projects with a total investment of more than 280 billion yuan: FINTS
  • A draft of environmental protection tax law is submitted to the Standing Committee of the National People’s Congress, suggesting companies and other production operators pay taxes for air and water pollutants, solid waste and noise pollution: FINTS
  • 95% of China’s electric vehicle startups may be knocked out of the game as the government imposes stricter technology standards: Bloomberg
  • A private-owned power company in Hubei province began to sell electricity within the province, a promising start to break the state monopoly of the power industry: Xinhua
  • GCL-Poly, the world’s biggest maker of polysilicon for solar cells, agreed to purchase the solar-material business of bankrupt U.S. renewable-energy company SunEdison for $150 million: FINTS
  • Skyworth Digital announced the launch of the world’s first AR smart television: FINTS
  • The second largest shareholder of Tianjian FAW Xiali Auto plans to reduce not more than 5% holdings in the company as FAW Xiali reported 519 million yuan loss in H1: FINTS