• The China Insurance Regulatory Commission proposes to raise standards for qualifying organizations or individuals to become shareholders of insurance companies: FINTS
  • A state-controlled fund with a planned size of 150 billion yuan initiated by China Reform International Investment Company and several state-owned enterprises (SOEs) will be established to support the “international operation” of SOEs: FINTS
  • The China Securities Regulatory Commission said it will take a strong stance to crack down non-compliance practices existing in asset management programs implemented by fund companies: FINTS
  • As of yesterday, the Shanghai – Hong Kong Stock Connect saw a northbound net inflow of 20.8 billion yuan: FINTS
  • Shanghai sold more than 2,000 new homes yesterday: FINTS
  • 115 state-owned cultural enterprises are required to pay 10% of their state-owned capital gains to the central government: FINTS
  • China Evergrande Group said its 14.6-billion-yuan worth of stock purchases in Vanke were fully funded by its own property sales as it deflected concerns over its surging debt levels: SCMP
  • Technology firms become one of the driving forces of the office market in Beijing: SCMP
  • China’s smartphone maker Coolpad looks to rebound from the first-half loss following the completion of restructuring with its new controlling shareholder LeEco: FINTS
  • CSSC, the state-owned shipbuilder, reported that its profits fell by 90% in the first half of 2016: FINTS