China Business Daily

11 September 2026 · 07:22 CST · Daily intelligence brief

This edition draws on 62 reports across 14 Chinese outlets.

At a Glance

  • China issued the 15th Five-Year Plan for Building a Financial Powerhouse, targeting a modern financial system by 2035 and RMB internationalization through offshore-market development. People’s Daily, 2026-09-10.
  • The CSRC set eight capital-market reform tracks for the 15th Five-Year Plan and aims to make A-shares the first choice for quality domestic listings. Caixin, 2026-09-10.
  • The PBOC will conduct overnight reverse repo operations from September 14-17 with daily volume up to 600 billion yuan, adding a new tool to smooth liquidity. People’s Daily, 2026-09-10.

Top Stories

Policy

  • PBOC, NFRA, CSRC and SAFE lay out financial-sector priorities for the 15th Five-Year Plan · covered by 6 outlets
  • The “Financial Powerhouse Construction 15th Five-Year Plan” was officially issued, targeting that by 2035 China will basically complete a modern financial system with Chinese characteristics that is highly adaptable, competitive and inclusive, according to PBOC (央行) Deputy Governor Lu Lei. Sina Finance, 2026-09-10.
  • During the 15th Five-Year Plan period, China will advance RMB internationalization by developing the offshore RMB market and enriching offshore RMB liquidity supply, according to PBOC (央行) Deputy Governor Lu Lei. Eastmoney, 2026-09-10.
  • The financial regulator will push local small and medium-sized financial institutions to reduce in number and improve in quality and optimize their layout, according to NFRA (金融监管总局) Deputy Director Cong Lin. People’s Daily, 2026-09-10.

  • The CSRC aims to have a new pattern of high-quality capital market development basically formed by 2030, the 40th anniversary of the capital market’s establishment, according to CSRC (证监会) Vice Chairman Li Chao. Securities Times, 2026-09-10.

  • CSRC sets eight capital-market reform tracks for 15th Five-Year Plan, aims to make A-shares the top listing venue for quality domestic firms · covered by 4 outlets

  • CSRC Vice Chairman Li Chao said the regulator will optimize the issuance and listing system to support diversified quality enterprises in emerging industries, future industries, traditional industry upgrading, modern services and new consumption, according to Caixin. Caixin, 2026-09-10.
  • Li Chao said the CSRC will implement more inclusive systems for issuance, listing, and mergers and acquisitions/restructuring and strive to make the A-share market the first choice for domestic quality enterprises to list, according to Caixin. Caixin, 2026-09-10.
  • The average IPO review period in Shanghai and Shenzhen has been shortened to about 6 months, and some quality companies’ financing reviews take less than 1 month, according to Li Chao. Caixin, 2026-09-10.

  • The CSRC will accelerate revision of institutional rules including the refinancing registration measures and promote integrated high-quality development of the Beijing Stock Exchange and the National Equities Exchange and Quotations, according to Li Chao. Sina Finance, 2026-09-10.

  • China releases 15th Five-Year Plan for building a financial powerhouse, setting overall targets · covered by 3 outlets

  • The “15th Five-Year Plan for Building a Financial Powerhouse” was officially issued, and by 2030 the overall framework of a modern financial system with Chinese characteristics will be formed, according to PBOC Deputy Governor Lu Lei. People’s Daily, 2026-09-10.
  • By 2035, a modern financial system with Chinese characteristics that is highly adaptable, competitive and inclusive will be basically built, according to Lu Lei. People’s Daily, 2026-09-10.
  • The People’s Bank of China recently issued the “People’s Bank of China 15th Five-Year Reform and Development Plan” and 9 supporting action plans in related fields, according to Lu Lei. People’s Daily, 2026-09-10.

  • The SAFE will comprehensively deepen foreign exchange management reform and build a “more convenient, more open, more secure, more smart” foreign exchange management system, according to SAFE spokesperson Li Bin. People’s Daily, 2026-09-10.

  • PBOC adds overnight reverse repo operations to its liquidity toolkit · covered by 4 outlets

  • The PBOC announced it will conduct overnight reverse repo operations from September 14 to September 17, with a daily operation amount not exceeding 600 billion yuan, according to the PBOC. People’s Daily, 2026-09-10.
  • At the end of June, the central bank added overnight reverse repo operations to its open market operations to improve the interest rate regulation mechanism and enrich maturity varieties, according to the PBOC. Sina Finance, 2026-09-10.
  • PBOC Deputy Governor Lu Lei said during the 15th Five-Year Plan the PBOC will conduct more flexible and precise open market operations and guide short-term money market rates to run more stably around the policy rate, according to Lu Lei. Sina Finance, 2026-09-10.

  • The PBOC previously noted overnight transactions now account for more than 90% of money market repo trading, according to the PBOC. Sina Finance, 2026-09-10.

  • CSRC targets a basic new high-quality development pattern for capital markets by 2030 · covered by 3 outlets

  • CSRC Vice Chairman Li Chao said the CSRC aims for a new high-quality development pattern for the capital market to basically take shape by 2030, the 40th anniversary of the capital market’s establishment, with comprehensive strength and international competitiveness greatly enhanced, according to Securities Times. Securities Times, 2026-09-10.
  • The CSRC will continue to deeply promote the implementation of the new “Guo Jiu Tiao” (nine measures) and the “1+N” policy system, according to Li Chao. 21st Century Business Herald, 2026-09-10.
  • The CSRC will improve the capital market legal system, and the revised Securities Company Supervision Regulations are expected to be issued soon, according to Li Chao. Eastmoney, 2026-09-11.

  • The CSRC will intensify delisting supervision, give play to the deterrent effect of mandatory delisting, and resolutely prevent companies from being “delisted and done with”, according to Li Chao. Eastmoney, 2026-09-11.

  • PBOC to refine deposit reserve system under 15th Five-Year Plan · covered by 4 outlets

  • PBOC Deputy Governor Lu Lei said on September 10 that during the 15th Five-Year Plan the PBOC will further optimize the modern monetary policy framework with Chinese characteristics and improve the deposit reserve system, according to Lu Lei. 21st Century Business Herald, 2026-09-10.
  • The PBOC will continuously improve the market-based interest rate formation, regulation, and transmission mechanism and strengthen the guiding role of the policy rate, according to Lu Lei. People’s Daily, 2026-09-10.
  • The PBOC will gradually de-emphasize quantity-based intermediate targets and place more emphasis on the role of interest rate regulation, according to Lu Lei. People’s Daily, 2026-09-10.

  • The central bank will regularly issue government bonds and central bank bills to enrich the pool of high-grade RMB assets, according to Lu Lei. Securities Times, 2026-09-10.

  • NFRA launches crackdown on insurance price wars, illegal commission rebates and high-rate return schemes · covered by 3 outlets

  • NFRA Deputy Director Cong Lin said the regulator will vigorously rectify “price wars,” illegal rebates, and “high interest high rebates” and guide financial institutions to abandon scale obsession, according to Cong Lin. 21st Century Business Herald, 2026-09-10.
  • Over the next five years, China will optimize its financial institution system with differentiated policies, advance reform and risk resolution of local small and medium-sized financial institutions, and crack down on such practices, according to Cong Lin. People’s Daily, 2026-09-10.
  • The insurance industry’s “reporting equals execution” rule and comprehensive governance of non-auto insurance will be fully implemented to deepen cost reduction and efficiency gains, according to Cong Lin. People’s Daily, 2026-09-10.
  • The NFRA will strengthen financial consumer rights protection and product suitability and marketing behavior management, according to Cong Lin. Eastmoney, 2026-09-10.

Company

  • At least nine banks including ICBC, CCB, China Merchants and SPDB exit the personal precious metals business · covered by 5 outlets
  • SPDB (浦发银行; a Chinese joint-stock bank) announced it plans to adjust its agency personal precious metals business on the Shanghai Gold Exchange (SGE) and will stop the business at an opportune time after September 25, 2026, closing trading permissions via mobile banking, online banking, and branch counters, according to SPDB. 21st Century Business Herald, 2026-09-10.
  • Since the start of this year, at least 9 banks including Postal Savings Bank, ICBC (工商银行; a Chinese state-owned bank), China Construction Bank (建设银行; a Chinese state-owned bank), China Merchants Bank (招商银行; a Chinese joint-stock bank), and Guangfa Bank have announced suspension of this agency brokerage business, according to the report. 21st Century Business Herald, 2026-09-10.
  • ICBC (工商银行) stopped its agency personal precious metals auction trading for the SGE from the daily settlement on July 24, covering contracts such as Au99.99, Au100g, Au99.95, PGC30g, Au(T+D), mAu(T+D), Ag(T+D), Au(T+N1) and Au(T+N2), according to ICBC. Sina Finance, 2026-09-09.

  • China Merchants Bank (招商银行) announced in late June it would adjust its agency SGE personal precious metals business, the Zhaocaijin business, and stop it at an opportune time after July 27, according to China Merchants Bank. National Business Daily, 2026-09-09.

  • Zotye’s new A0-segment model enters batch trial production after share-price swings · covered by 3 outlets

  • Zotye Auto (众泰汽车; a Chinese automaker) announced its stock price closed with cumulative deviation exceeding 20% over two consecutive trading days on September 8 and 9, triggering a Shenzhen Stock Exchange abnormal trading alert, according to Zotye Auto. Sina Finance, 2026-09-10.
  • Zotye Auto’s new A0-class model has entered the batch trial production stage, mainly targeting overseas markets, and has not yet generated sales, according to Zotye Auto. Sina Finance, 2026-09-10.
  • Zotye Auto reported first-half 2026 revenue of 190 million yuan, down 32.08% year-on-year, and net profit attributable to shareholders of 80.3893 million yuan versus a loss of 148 million yuan a year earlier, according to its semi-annual report. Sina Finance, 2026-09-10.

  • Zotye Auto received a case filing notice from the CSRC on July 10, 2026, for suspected information disclosure violations, according to the CSRC. Sina Finance, 2026-09-10.

  • Xingyu Automotive Lighting receives Shanghai Stock Exchange regulatory letter; GF Fund is its sixth-largest shareholder · covered by 5 outlets

  • The Shanghai Stock Exchange (上交所) issued a regulatory work letter to Xingyu Co., Ltd. (星宇股份; a Chinese automotive lighting maker) over unspecified company matters, involving the listed company, its directors, senior management, controlling shareholder and actual controller, according to the SSE. China Economic Net, 2026-09-10.
  • Xingyu Co., Ltd. disclosed a correction announcement regarding textual errors in its 2025 annual report, saying Vice Chairman and Deputy General Manager Zhou Yuheng was born in December 1985, not aged 58 as stated, according to Xingyu. China Economic Net, 2026-09-10.
  • As of August 5, 2026, the GF Multi-Factor Flexible Allocation Mixed Securities Investment Fund managed under ICBC held 2,330,400 shares, or 0.82%, of Xingyu Co., Ltd., making it the sixth-largest shareholder, according to Xingyu. China Economic Net, 2026-09-10.

  • Xingyu Co. has been facing an escalating controversy over the mass withdrawal of job offers to fresh graduates, and it terminated 107 campus recruits in bulk, according to reports. Caijing, 2026-09-09.

  • Renzhi scraps control-change deal; shares plunge more than 30% · covered by 3 outlets

  • RenZhi Co. (仁智股份; a Chinese company) announced that its planned change of control was terminated by mutual agreement to rescind the original share transfer agreement because external market conditions changed and transaction conditions were not fulfilled, according to RenZhi. Hexun, 2026-09-10.
  • Chen Zehong and his concerted party Pingda New Materials together hold 19.51% of the company’s shares; under the plan, sellers intended to transfer 83.1491 million shares, about 19.51% of total share capital, to Shanghai Chengshi, according to RenZhi. Hexun, 2026-09-10.
  • Since RenZhi Co. began planning the change of control, its share price has fallen more than 30%, last closing at 4.87 yuan per share with a market value of about 2.1 billion yuan, according to the report. Hexun, 2026-09-10.

  • RenZhi Co. reported first-half revenue of 68.9778 million yuan, up 36.82% year on year, and a net loss attributable to shareholders of 12.126 million yuan, down 2.35%, according to RenZhi. Hexun, 2026-09-10.

  • Multiple Chinese firms announce shareholder stake-reduction plans · covered by 3 outlets

  • On September 10, Shanghai Hejing (上海合晶; a Chinese wafer company) announced that major shareholder Xinggang Rongchuang plans to reduce its stake by no more than 6.692 million shares, or 1% of total share capital, due to its own capital needs. National Business Daily, 2026-09-10.
  • On the evening of September 10, Hefei Urban Construction (合肥城建; a Chinese listed company) announced that controlling shareholder Xingtai Group plans to reduce no more than 8.0329 million shares via central bidding, not exceeding 1% of total share capital, with the reduction period from October 12, 2026 to January 11, 2027. Eastmoney, 2026-09-10.

  • Guoke Hengtai (国科恒泰; a Chinese listed company) announced on September 10 that shareholder Hongsheng Ruitai plans to reduce its stake by no more than 3% via centralized bidding and block trades; Hongsheng Ruitai holds 13.63% of Guoke Hengtai. Securities Times, 2026-09-10.

  • Xianhui Technology executives plan up to 80 million yuan share increase after stock halves; H1 revenue rises 48.49% · covered by 3 outlets

  • Xianhui Technology (先惠技术; a Chinese smart-manufacturing equipment maker) announced that controlling shareholder and general manager Wang Yinglin, chairman and CTO Pan Yanqing, and deputy general manager and CFO Chen Yijian plan to increase their holdings by a combined 40 million to 80 million yuan within six months, according to Xianhui Technology. National Business Daily, 2026-09-10.
  • Xianhui Technology’s stock price closed at 48.36 yuan per share on September 10, about half its recent high of 106.57 yuan per share on May 7, according to the report. National Business Daily, 2026-09-10.
  • In the first half of 2026, Xianhui Technology achieved revenue of 1.89 billion yuan, up 48.49% year on year, and net profit attributable to shareholders of 211 million yuan, up 38.78%, according to Xianhui Technology. National Business Daily, 2026-09-10.
  • Xianhui Technology proposed a 2026 interim profit distribution of 5.00 yuan cash dividend per 10 shares, totaling 63.6799 million yuan, accounting for 30.15% of first-half 2026 net profit attributable to shareholders, according to Xianhui Technology. National Business Daily, 2026-09-10.

Trade

  • CIFIT draws 129 countries as high-tech foreign investment rises 32.7% · covered by 1 outlet
  • The 26th China International Fair for Investment and Trade (CIFIT) was held in Xiamen, Fujian from September 8 to 11, drawing participants from 129 countries and regions and 30 international organizations, according to the report. China Daily, 2026-09-10.
  • In January-July this year, actual use of foreign investment in high-tech industries rose 32.7% year on year, accounting for 41.6% of nationwide actual foreign investment, according to the Ministry of Commerce. People’s Daily, 2026-09-10.
  • At CIFIT the Ministry of Commerce introduced 84 newly added national key foreign-investment projects, including 6 landmark foreign-funded projects, according to the Ministry of Commerce. China Daily, 2026-09-10.
  • Cargill (a US agribusiness group) began construction on its Nantong grain and oil plant relocation project in 2025 with initial investment of about US$500 million, and started a Beijing plant expansion in 2026 slated for production in the first half of 2027, according to Cargill. China Daily, 2026-09-10.

Markets

  • 20 listed Chinese banks plan over 260 billion yuan in interim dividends; ICBC leads with 53.9 billion yuan · covered by 4 outlets
  • As of September 4, 20 listed banks had announced 2026 interim profit distribution plans, with total cash dividends of 266.113 billion yuan, according to Wind data. Time Weekly, 2026-09-10.
  • ICBC (工商银行) topped the dividend rankings with a total payout of 53.853 billion yuan, while China Construction Bank also distributed over 50 billion yuan, according to the report. Time Weekly, 2026-09-10.
  • RuiFeng Bank (瑞丰银行; a Chinese rural commercial bank) distributed 196 million yuan in 2026 interim cash dividends on September 10, becoming the first A-share listed bank to pay out an interim dividend this year, according to the report. Eastmoney, 2026-09-11.

  • For the 2026 interim period, the six state-owned major banks will pay combined dividends of 220.989 billion yuan, an increase of over 16 billion yuan from the same period a year earlier, according to the report. Time Weekly, 2026-09-10.

  • NEV share of China’s monthly new-car sales hits a fresh record high · covered by 2 outlets

  • In August 2026, China’s production and sales of new energy vehicles reached 1.653 million and 1.643 million units respectively, with both rising nearly 20% year on year, according to the China Association of Automobile Manufacturers. People’s Daily, 2026-09-10.
  • The share of new energy vehicles in monthly new car sales hit a new record high of 60.6%, according to the CAAM. People’s Daily, 2026-09-10.
  • In August, China’s total automobile production and sales reached 2.684 million and 2.712 million units respectively, according to the CAAM. People’s Daily, 2026-09-10.
  • In August, automobile exports reached 1.01 million units, up 65.3% year on year, of which new energy vehicle exports were 526,000 units, up 1.3 times, according to the CAAM. People’s Daily, 2026-09-10.

Tech

  • Xiaomi smart appliance factory deploys 65 AI vision inspection systems, 120,000 data nodes · covered by 1 outlet
  • At Xiaomi’s (a Chinese consumer-electronics maker) smart home appliance factory, one air conditioner rolls off the production line on average every 6.5 seconds, according to factory director Xu Ying. People’s Daily, 2026-09-11.
  • The factory’s main production lines integrate 65 AI vision inspection systems and 120,000 data collection nodes, and all key components undergo AI visual inspection with first-pass yield exceeding 99%, according to Xu Ying. People’s Daily, 2026-09-11.

  • The overhead logistics system covers 80% of material transport at Xiaomi’s smart home appliance factory, and Xiaomi air conditioners have reached a cumulative connected total of 19.6 million units, according to Xu Ying. People’s Daily, 2026-09-11.

  • FiberHome releases 800G transoceanic transmission system with 6,000 km reach · covered by 1 outlet

  • Submarine optical cables carry 99% of the world’s intercontinental communications and data traffic, and common transoceanic schemes today are mainly based on 400G rates, according to the report. People’s Daily, 2026-09-11.
  • FiberHome (a Chinese telecom-equipment maker) released an 800G-rate transoceanic ultra-large-capacity transmission system with a reach of up to 6,000 kilometers, filling China’s gap in transoceanic transmission at rates above 200G, according to FiberHome. People’s Daily, 2026-09-11.
  • The system achieves 26.4 terabits per second per fiber pair and 5.5 bits per second per hertz spectral efficiency, a domestic record for comparable systems, according to the report. People’s Daily, 2026-09-11.
  • FiberHome released an optical fiber preform measuring 300 millimeters in diameter and 3.5 meters in length; a single such preform can draw about 20,000 kilometers of optical fiber, according to FiberHome. People’s Daily, 2026-09-11.

Macro

  • China releases 11 new occupations as industrial upgrading reshapes labour demand · covered by 2 outlets
  • The Ministry of Human Resources and Social Security and other departments officially released 11 new occupations, 23 new work types, and adjusted information on 6 occupations, according to the ministry and other departments. China Daily, 2026-09-10.
  • The new occupation list includes 5 digital occupations, accounting for 45.5% of the total new occupations released, and 3 green occupations, accounting for 27.3%, according to the Ministry of Human Resources and Social Security. China Daily, 2026-09-10.
  • The added value of core digital economy industries accounts for over 10.5% of GDP, and the scale of the core artificial intelligence industry exceeds 1.2 trillion yuan, according to the “Digital China Development Report (2025)”. China Daily, 2026-09-10.
  • By the end of the 14th Five-Year Plan, China’s service industry reached 80 trillion yuan, with a quantitative target for the 15th Five-Year Plan to reach 100 trillion yuan by 2030, according to the National Development and Reform Commission. China Daily, 2026-09-10.
  • Since 2019, China has cumulatively released 8 batches of 121 new occupations, and has released 113 digital occupations and 142 green occupations, according to the report. People’s Daily, 2026-09-09.

Sources

62 source articles across 14 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

PBOC, NFRA, CSRC and SAFE lay out financial-sector priorities for the 15th Five-Year Plan — 6 outlets

CSRC sets eight capital-market reform tracks for 15th Five-Year Plan, aims to make A-shares the top listing venue for quality domestic firms — 4 outlets

China releases 15th Five-Year Plan for building a financial powerhouse, setting overall targets — 3 outlets

At least nine banks including ICBC, CCB, China Merchants and SPDB exit the personal precious metals business — 5 outlets

PBOC adds overnight reverse repo operations to its liquidity toolkit — 5 outlets

CIFIT highlights three shifts in how foreign firms are investing in China — 2 outlets

Listed Chinese banks to pay over 260 billion yuan in interim dividends, some as soon as next week — 4 outlets

NEV share of China’s monthly new-car sales hits a fresh record high — 2 outlets

CSRC targets a basic new high-quality development pattern for capital markets by 2030 — 3 outlets

PBOC to overhaul the reserve requirement system under the 15th Five-Year Plan — 4 outlets

NFRA launches crackdown on insurance price wars, illegal commission rebates and high-rate return schemes — 3 outlets

AI ‘smart brain’ systems deployed to upgrade Chinese smart-manufacturing lines — 1 outlet

Zotye’s new A0-segment model enters batch trial production after share-price swings — 3 outlets

Xingyu Automotive Lighting receives Shanghai Stock Exchange regulatory letter; GF Fund is its sixth-largest shareholder — 5 outlets

China releases 11 new occupations as industrial upgrading reshapes labour demand — 2 outlets

Renzhi scraps control-change deal; shares plunge more than 30% — 3 outlets

Shanghai Wafer shareholder Xinggang Rongchuang plans to cut up to 1% stake — 3 outlets

China pushes subsea cable upgrades for faster, longer-reach and more reliable data transmission — 1 outlet

Chairman leads up to 80 million yuan share buyback after stock halves, as H1 revenue and profit both rise — 3 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 11 September 2026 07:22 CST.

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