China Business Daily

24 June 2026 · 18:42 CST · Daily intelligence brief

This edition draws on 24 reports across 10 Chinese outlets.

At a Glance

  • The People’s Bank of China Law revision draft was submitted for first parliamentary reading, the first major overhaul since the 2003 revision. Caixin, 2026-06-24.
  • The consumer trade-in program drove 5 trillion yuan in cumulative sales, with automobiles accounting for 63% of the total. CCTV, 2026-06-24.
  • A multi-ministry “Action Plan for Stabilizing and Promoting Foreign Investment” was issued on June 16, with a press conference scheduled for June 22. National Business Daily, 2026-06-22.

Top Stories

Policy

  • PBOC Law Revision Draft Submitted for First Reading to Improve Central Bank Governance · covered by 5 outlets

    • The revised draft of the People’s Bank of China Law was submitted for first review on June 23, 2026, to the 23rd meeting of the 14th NPC Standing Committee. (source: 十四届全国人大常委会第二十三次会议) Caixin, 2026-06-24.
    • The current People’s Bank of China Law was enacted in 1995 and revised in 2003. (source: none) Economic Observer, 2026-06-23.
    • The revised draft consists of 8 chapters and 54 articles. (source: none) Caixin, 2026-06-24.

  • Multiple Ministries Detail Policies to Stabilize and Optimize Foreign Investment · covered by 6 outlets

    • The document titled ‘Action Plan for Stabilizing and Promoting Foreign Investment’ was issued on June 16, 2026, according to the Ministry of Commerce, National Development and Reform Commission, and Ministry of Finance. National Business Daily, 2026-06-22.
    • A press conference to introduce the policy measures will be held on June 22, 2026 at 3:00 PM, with Vice Minister of Commerce and Deputy International Trade Negotiation Representative Ling Ji attending, according to the State Council Information Office. Securities Times, 2026-06-22.

  • Investment Shift from Scale to Structure Upgrade with Ample Policy Reserves · covered by 2 outlets

    • In the first five months of 2026, investment in lithium-ion battery manufacturing increased by 24.9% year-on-year, aircraft manufacturing investment increased by 19.7%, and investment in the information transmission industry increased by 30.4%, according to the National Bureau of Statistics. 21st Century Business Herald, 2026-06-24.
    • High-tech industry investment increased by 4.5% year-on-year, driving total investment growth by 0.4 percentage points, while infrastructure investment increased by 0.6%. (source: 国家统计局) 21st Century Business Herald, 2026-06-24.

Trade

  • Consumer Trade-In Program Drives 5 Trillion Yuan in Sales, Autos Account for 63% · covered by 2 outlets

    • The consumer goods trade-in program has driven total sales of 5 trillion yuan and benefited 630 million person-times, according to the Ministry of Commerce. CCTV, 2026-06-24.
    • Automobile trade-in sales account for 63% of the total, with over 21 million people supported to exchange for new cars and over 12 million new energy vehicles supported. (source: 商务部) CCTV, 2026-06-24.
    • The average subsidy per car was 14,000 yuan, and over 40% of passenger vehicle retail sales benefited from trade-in subsidies, according to Ministry of Commerce Market Operation and Consumption Promotion Department Director Yang Mu. National Business Daily, 2026-06-23.
    • Carbon dioxide emissions were reduced by at least 23 million tons. (source: 商务部市场运行和消费促进司司长杨沐) National Business Daily, 2026-06-23.

  • China-Europe Freight Train Scale Continues to Rise, 10.8 Times Growth · covered by 1 outlet

    • As of June 2026, the unified brand of China-Europe Railway Express has been in use for 10 years, and the annual number of trains increased by 10.8 times over that period, with the transport network basically covering the whole of Eurasia, according to China State Railway Group. People’s Daily, 2026-06-24.

Tech

  • Capacitor Carbon Domestic Substitution Rate Reaches 60% · covered by 1 outlet

    • The domestic production rate of capacitor carbon increased to about 60% by 2025, according to the State Administration for Market Regulation. People’s Daily, 2026-06-24.
    • A core index system covering 24 key characteristics was established, and China led the formulation of 3 international standards and 3 national standards in the energy storage field. (source: 市场监管总局) People’s Daily, 2026-06-24.

  • Chain Expo Features Hard Tech: Embodied AI, Brain-Computer Interface, Token Factory · covered by 1 outlet

    • The 4th Chain Expo opened in Beijing on June 22, setting up an artificial intelligence zone for the first time, with a total of 676 Chinese and foreign enterprises and institutions participating. Xinhua, 2026-06-24.

Property

  • Real Estate Market Maintains Overall Stable Trend · covered by 1 outlet
    • From January to May, total transaction volume of new and second-hand homes nationwide decreased by 2.1% year-on-year, according to the National Bureau of Statistics and Ministry of Housing and Urban-Rural Development. People’s Daily, 2026-06-24.
    • In May, new commercial housing sales prices in first-tier cities rose 0.2% month-on-month, and the national average sales price of new commercial housing was 10,500 yuan per square meter, up 5.0% year-on-year. (source: 国家统计局) People’s Daily, 2026-06-24.
    • In May, Shanghai’s second-hand housing cumulative online signed volume reached 28,023 units, up about 31% year-on-year. (source: none) People’s Daily, 2026-06-24.

Markets

  • Hang Seng Tech Index Rises 1.34% at Noon, SMIC Surges Over 8% · covered by 5 outlets
    • Hang Seng Tech Index rose 1.34% at noon close, with SMIC (a leading Chinese semiconductor foundry) rising more than 8% and Hua Hong Hongli surging 16%, according to People’s Financial News. Securities Times, 2026-06-24.
    • The Shanghai Composite Index rose 1.78%, Shenzhen Component Index rose 2.13%, and ChiNext Index rose 2.52% on a recent trading day, with Shanghai and Shenzhen stock markets’ total turnover reaching 3.74 trillion yuan, the second highest in history. (source: none) 21st Century Business Herald, 2026-06-22.
    • The Livermore Chinese concept stock leading index (a gauge of US-listed Chinese stocks) expanded by 1% to 9,396.33 points, with Naorensheng Technology stock rising 20.65%. (source: none) Jiemian, n.d..

Sources

24 source articles across 10 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

PBOC Law Revision Draft Submitted for First Reading to Improve Central Bank Governance — 5 outlets

Consumer Trade-In Program Drives 5 Trillion Yuan in Sales, Autos Account for 63% — 2 outlets

Multiple Ministries Detail Policies to Stabilize and Optimize Foreign Investment — 6 outlets

Capacitor Carbon Domestic Substitution Rate Reaches 60% — 1 outlet

Investment Shift from Scale to Structure Upgrade with Ample Policy Reserves — 2 outlets

Chain Expo Features Hard Tech: Embodied AI, Brain-Computer Interface, Token Factory — 1 outlet

China-Europe Freight Train Scale Continues to Rise, 10.8 Times Growth — 1 outlet

Real Estate Market Maintains Overall Stable Trend — 1 outlet

Hang Seng Tech Index Rises 1.34% at Noon, SMIC Surges Over 8% — 5 outlets

Methodology: stories are clustered across Chinese outlets and ranked by breadth of corroboration and recency. Reporting is descriptive only and is not investment advice. Compiled 24 June 2026 18:42 CST.

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