• China will take various measures to boost foreign trade, such as eliminating unreasonable charges on exports and imports, alleviating financing difficulties for enterprises and facilitating trade and investment: Ministry of Commerce
  • New rules requiring China’s e-commerce platforms to improve food safety management will take effect from October 1: China Food and Drug Administration
  • The UK government confirms that it has signed the key contract with a French-Chinese consortium for the new £18bn Hinkley Point C nuclear power plant: FINTS
  • According current development speed, the quality of China’s self-owned brand automobiles is expected to reach the international level: J.D. Power
  • Index provider FTSE Russell declines to include China A-shares in its emerging markets index because of concerns over China’s capital controls and the country’s penchant for intervention in financial markets. The A-shares would be kept on FTSE Russell’ watch list for possible inclusion as a secondary emerging market, and it was not a matter of “if but when” China would be elevated to emerging market status, according to the index provider’s Chief Executive Mark Makepeace: SCMP
  • China’s “big five” banks are close to seeing their overseas assets reach 10 trillion yuan for the first time, but a new study finds that their “performance gap” with foreign global peers is still wide: SCMP
  • The National Development and Reform Commission (NDRC), China’s state planner, has punished hundreds of coal and steel companies by forcing them to close or cut output for violating environmental and safety regulations: FINTS
  • Shenzhen plans to provide 300,000 new homes as affordable housing for retaining talent: the 21st Century Business Herald

 

China September Caixin Service PMI figure is due for release today and consensus estimate is 50.1, slightly up from August’s 50