China Business Daily

14 September 2026 · 07:24 CST · Daily intelligence brief

This edition draws on 28 reports across 8 Chinese outlets.

At a Glance

  • BHP is evaluating options for its Western Australia iron ore business while the rumored China Baowu minority-stake deal in the Jimblebar project has not materialized Economic Observer, 2026-09-14.
  • China expanded nationwide from September 14, 2026 a pilot for multinationals’ domestic and foreign-currency cross-border centralized fund operations, with an eligibility threshold of RMB 700 million in combined international receipts and payments Yicai, 2026-09-14.
  • China’s national data property rights registration system entered trial operation on September 11, with 56 registration certificates disclosed on its first day People’s Daily, 2026-09-13.

Top Stories

Company

  • BHP reviews options for Western Australia iron ore business as Baowu Jinbuba stake talk stalls · covered by 1 outlet
  • BHP disclosed it is evaluating options related to its Western Australia iron ore (WAIO) business, according to BHP Economic Observer, 2026-09-14.
  • The rumored acquisition by China Baowu (宝武; a Chinese steelmaker) of a minority stake in the Jimblebar iron ore project has not yet materialized Economic Observer, 2026-09-14.

  • On September 4 the company announced it is evaluating WAIO business options and that the rumored Baowu acquisition of a minority stake in Jimblebar has not yet landed, according to BHP Economic Observer, 2026-09-14.

  • Kingnet plans 2 billion yuan investment for stake in Korean gaming giant · covered by 2 outlets

  • Kingnet (恺英网络; a Chinese game company) plans to spend RMB 2 billion to take a stake in a South Korean gaming giant, according to Kingnet National Business Daily, 2026-09-13.
  • Kingnet announced on September 12 a plan to indirectly acquire a stake in Korean listed company Wemade Co., Ltd. through capital increase and equity acquisition arrangements, with an estimated total investment of USD 298 million (about RMB 2.030 billion), according to Kingnet Eastmoney.

  • Kingnet reported first-half net profit attributable to shareholders of RMB 1.428 billion, up 50.34% year on year, according to Kingnet National Business Daily, 2026-09-13.

  • Chinese shipbuilding giant begins pre-IPO tutoring for A-share listing · covered by 3 outlets

  • COSCO Shipping Heavy Industry (中远海运重工; a Chinese shipbuilding giant) received IPO tutoring registration for an A-share listing, jointly tutored by CICC (a Chinese investment bank) and China Merchants Securities (a Chinese brokerage), according to the CSRC website m.21jingji.com, 2026-09-13.
  • China COSCO Shipping Group is the sole shareholder of COSCO Shipping Heavy Industry, directly holding 100% of its shares, according to business registration information m.21jingji.com, 2026-09-13.
  • In June this year, COSCO Shipping Heavy Industry completed its shareholding reform, and its registered capital was reduced from RMB 27.466 billion to RMB 3.6 billion m.21jingji.com, 2026-09-13.

  • In 2025, COSCO Shipping Heavy Industry took 79 new shipbuilding orders worth RMB 41.3 billion, delivered 62 vessels totaling 6.31 million dwt, and held an orderbook of 216 vessels totaling 24.77 million dwt at year-end Eastmoney.

  • Cheche Technology to make strategic investment in solar-storage firm, shares jump over 20% · covered by 1 outlet

  • Cheche Technology (车车科技; a US-listed Chinese company) shares swung sharply on September 11, rising more than 20% intraday after news of a planned strategic investment in a photovoltaic energy storage company Economic Observer, 2026-09-14.
  • On September 9, Cheche Technology announced a plan to invest in home photovoltaic energy storage company Long Way Fortune for a stake of up to 51%, according to Cheche Technology Economic Observer, 2026-09-14.

  • The overall valuation of the target Long Way Fortune is about USD 490 million, according to Cheche Technology Economic Observer, 2026-09-14.

  • PCB maker Ultrasonic Electronics denies Nvidia supply rumors; shares up about 53% this year · covered by 2 outlets

  • Ultrasonic Electronics (a Chinese PCB maker) shares rose by a cumulative closing price deviation of more than 20% over two consecutive trading days on September 10 and 11, 2026, triggering abnormal trading fluctuation, according to Ultrasonic Electronics Sina Finance, 2026-09-13.
  • Ultrasonic Electronics clarified that market rumors that its high-frequency boards passed Nvidia certification are untrue and that it currently supplies no products to Nvidia, according to Ultrasonic Electronics Sina Finance, 2026-09-13.
  • Jin’an Guoji (a Chinese listed company) stock price rose from about 17 yuan at the start of the year to 82.46 yuan by September 11, a year-to-date gain of about 394.69% National Business Daily, 2026-09-13.
  • Ultrasonic Electronics reported H1 2026 revenue of RMB 3.351 billion, up 10.04% year-on-year, while net profit attributable to shareholders was RMB 113 million, down 1.17%, according to Ultrasonic Electronics National Business Daily, 2026-09-13.

Policy

  • China rolls out cross-border cash-pooling for multinationals nationwide, targeting smaller MNCs · covered by 1 outlet
  • The People’s Bank of China and the State Administration of Foreign Exchange (国家外汇管理局; China’s forex regulator) issued a notice on August 14 stating that from September 14, 2026 the pilot program for multinational companies’ domestic and foreign currency cross-border centralized fund operations will be expanded nationwide, according to the two regulators Yicai, 2026-09-14.
  • The eligibility threshold is either combined international receipts and payments of all domestic member enterprises of no less than the equivalent of RMB 700 million in the prior year, or combined domestic revenue of no less than RMB 1 billion plus combined overseas revenue of no less than the equivalent of RMB 200 million, according to the two regulators Yicai, 2026-09-14.
  • For lead enterprises registered within free trade pilot zones, the threshold is halved, with the international receipts and payments threshold cut to RMB 350 million Yicai, 2026-09-14.

  • Singapore-based multinational Huamei Resources Group registered its Nansha subsidiary as the lead enterprise for the business in December 2025 and has since moved more than RMB 100 million cross-border through the pool, according to Huamei Resources Group Yicai, 2026-09-14.

  • Chinese ministries to brief on SME payment arrears as overdue receivables squeeze suppliers · covered by 2 outlets

  • The State Council Information Office will hold a State Council policy regular briefing at 3 p.m. today (the 14th), according to the State Council Information Office m.21jingji.com, 2026-09-14.
  • Vice Minister of Industry and Information Technology Ke Jixin and relevant officials from the People’s Bank of China, SASAC, SAMR, and CSRC are invited to the briefing, according to the State Council Information Office m.21jingji.com, 2026-09-14.

  • They will introduce work on strengthening governance of the difficulty of payments owed to small and medium-sized enterprises (SMEs) and answer reporters’ questions, according to the State Council Information Office Eastmoney.

  • China to overhaul real estate finance framework in systemic regulatory reset · covered by 1 outlet

  • On August 28, 2026, the People’s Bank of China and the National Financial Regulatory Administration jointly issued the Opinions on Reforming and Improving Real Estate Credit Management to Accelerate the Building of a New Model for Real Estate Development, according to the two regulators People’s Daily, 2026-09-14.
  • Article 28 states that housing rental group-purchase loans support enterprises, qualified public institutions and specialized large-scale rental housing firms in bulk-buying idle existing homes for long-term holding and operation as affordable or commercial rental housing, with a maximum term of 30 years, according to the two regulators People’s Daily, 2026-09-14.
  • Article 30 allows the term of housing rental operating loans for self-owned property projects to reach up to 20 years, according to the two regulators People’s Daily, 2026-09-14.

  • The China Securities Regulatory Commission, in its same-day opinion, supports issuing real estate investment trusts (REITs) backed by qualified rental housing and urban renewal projects or injecting such assets into listed REITs as expansion assets, according to the CSRC People’s Daily, 2026-09-14.

  • China rolls out data-element registration system giving datasets official ‘ID cards’ · covered by 2 outlets

  • On the 11th, the National Data Property Rights Registration Service System entered trial operation, and China officially launched data property rights registration work People’s Daily, 2026-09-13.
  • A unified national data property rights registration system will solve the problems of multiple types of data registration coexisting, inconsistent standards, and insufficient mutual recognition, achieving one registration valid nationwide, according to Luan Jie, director of the Policy and Planning Department of the National Data Administration People’s Daily, 2026-09-13.
  • The validity period of a data property rights registration certificate is generally 5 years, according to Peng Bo, head of the Operations Management Department of the Beijing International Big Data Exchange People’s Daily, 2026-09-13.
  • Data property rights registration vouchers will become practical certificates for enterprises to avoid operational risks, standardize and revitalize data assets and protect their own rights, according to Huang Lihua, professor at Fudan University School of Management Eastmoney.

Tech

  • Banks roll out ‘token loans’ to fund AI companies against computing-power and model assets · covered by 1 outlet
  • Guangzhou Tengyuan Digital Technology received a 3-year unsecured credit loan of RMB 3 million from Bank of China Guangzhou Haizhu Sub-branch, the first “token loan” landed in Guangdong Province, according to Bank of China Guangzhou Haizhu Sub-branch People’s Daily, 2026-09-14.
  • In March this year, the National Data Administration positioned the token as the “value anchor of the intelligent era,” according to the National Data Administration People’s Daily, 2026-09-14.
  • China Construction Bank Guangdong Branch, together with the Guangdong Token Trading and Service Center, launched a “token loan” and approved a RMB 30 million credit loan for an intelligent IoT enterprise in Guangzhou Nansha, according to China Construction Bank Guangdong Branch People’s Daily, 2026-09-14.

  • Bank of China Guangzhou Branch launched three “token loan” sub-products, with a maximum credit of RMB 30 million per customer and working capital loan terms of up to 3 years, according to Bank of China Guangzhou Branch People’s Daily, 2026-09-14.

  • Chinese AI firms push ‘token exports’ at services trade fair as cross-border model access opens · covered by 1 outlet

  • Generating an 800-character article with AI tools consumes about 1,500–2,000 tokens People’s Daily, 2026-09-14.
  • As of early August this year, Chinese large models ranked first globally for 15 consecutive weeks in call volume on major overseas-facing large model platforms, according to OpenRouter People’s Daily, 2026-09-14.
  • China Telecom Global has 256 network nodes overseas, 15 self-owned IDCs, and more than 300 partner IDCs, according to Kang Yuanji, solutions manager at China Telecom Global People’s Daily, 2026-09-14.
  • In June this year, the National Data Administration issued the Implementation Plan for Promoting the Construction of High-Quality Industry Datasets, proposing to establish a sound mechanism for secure and orderly cross-border data set flows and promote mutual recognition of cross-border flow rules, according to the National Data Administration People’s Daily, 2026-09-14.

Geopolitics

  • Mongolia president pledges deeper energy and infrastructure cooperation with China · covered by 1 outlet
  • Mongolian President Khurelsukh said during an inspection of the Erdeneburen Hydropower Station in western Mongolia on the 13th that the project is an important outcome of Mongolia-China practical cooperation and that Mongolia will use it as an opportunity to continuously deepen bilateral cooperation in energy and infrastructure, according to Mongolian President Khurelsukh Economic Observer, 2026-09-14.
  • Chinese Embassy Chargé d’Affaires Cao Li said China is willing to work with Mongolia to implement the important consensus of the two heads of state, consolidate strategic mutual trust, deepen mutually beneficial cooperation, and build the Erdeneburen Hydropower Station into a benchmark project aligning the Global Development Initiative with Mongolia’s Vision 2050 development plan, according to Cao Li, Chargé d’Affaires of the Chinese Embassy in Mongolia Economic Observer, 2026-09-14.
  • The Erdeneburen Hydropower Station is built by China Power Construction Group Co., Ltd. and is currently Mongolia’s largest national-level key livelihood hydropower station, with a total installed capacity of 90 MW Economic Observer, 2026-09-14.

Macro

  • Chinese financial institutions expand cross-border services for overseas clients · covered by 2 outlets
  • At the 2026 China International Fair for Trade in Services (CIFTIS), CICC Chairman Chen Liang stated that amid heightened volatility in global financial markets, China’s financial services should emphasize a balance between openness and innovation on one hand and risk prevention and control on the other, according to Chen Liang, Chairman of China International Capital Corporation (CICC) People’s Daily, 2026-09-13.
  • Industrial and Commercial Bank of China (ICBC) launched a linked mechanism for cross-border RMB payment and overseas foreign-exchange purchase, allowing enterprises to compare onshore and offshore market quotes and choose the better rate to save costs, according to ICBC People’s Daily, 2026-09-13.
  • China Construction Bank displayed its overseas comprehensive service platform and cross-border financial service center, according to China Construction Bank People’s Daily, 2026-09-13.
  • The 2026 China International Fair for Trade in Services (CIFTIS) was held in Beijing from September 9 to 13 Eastmoney.

Markets

  • Chinese listed companies step up buybacks and insider purchases to support share prices · covered by 1 outlet

  • A batch of A-share listed companies recently issued share increase and buyback arrangements in quick succession, sending positive signals to the market National Business Daily, 2026-09-14.

  • Southbound funds buy HKD 20.105 billion; Zhongji Innolight leads 15 stocks with 45.89% holdings increase · covered by 2 outlets

  • This week southbound capital bought a net HKD 20.105 billion of Hong Kong stocks, bucking the market decline, according to Securities Times DataBao m.21jingji.com, 2026-09-13.
  • Fifteen stocks saw their southbound holdings rise over 10% sequentially this week, with Zhongji Innolight (中际旭创; a Chinese optical-module maker) leading at a 45.89% increase m.21jingji.com, 2026-09-13.
  • Zhongji Innolight said silicon photonics will remain key in next-generation technologies including 2.4T, 3.2T, NPO, XPO and future advanced products, according to Zhongji Innolight m.21jingji.com, 2026-09-13.

  • Unisound, Zhuoyue Ruixin and Jinghe Integrated were among the top gainers in southbound holdings, with week-on-week increases of 43.48%, 23.46% and 21.96% respectively, according to Securities Times DataBao Securities Times, 2026-09-12.

  • China’s cheapest new share of the year opens subscription · covered by 3 outlets

  • Three new shares open for subscription next week: Kaidag Heavy Industry (凯达重工; a Chinese steel-rolling components maker) on Monday, September 14, Hongfucheng (a Chinese thermal interface materials maker) on Wednesday, September 16, and Liqin Resources (a Chinese company planning a Shenzhen main board listing) on Friday, September 18 m.21jingji.com, 2026-09-13.
  • Kaidag Heavy Industry’s issue price is RMB 4.26 per share, making it the lowest-priced new A-share listing so far this year, according to Wind m.21jingji.com, 2026-09-13.
  • Hongfucheng is publicly issuing 18.7306 million shares, with an online subscription cap of 3,500 shares requiring only 35,000 yuan of Shenzhen market value for a maximum subscription m.21jingji.com, 2026-09-13.
  • Liqin Resources reported first-half 2026 revenue of RMB 25.369 billion, up 37.15% year on year, and net profit attributable to shareholders of RMB 2.739 billion, up 91.87% Yicai.

Sources

28 source articles across 8 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

BHP reviews options for Western Australia iron ore business as Baowu Jinbuba stake talk stalls — 1 outlet

China rolls out cross-border cash-pooling for multinationals nationwide, targeting smaller MNCs — 2 outlets

Chinese ministries to brief on SME payment arrears as overdue receivables squeeze suppliers — 2 outlets

China to overhaul real estate finance framework in systemic regulatory reset — 1 outlet

Banks roll out ‘token loans’ to fund AI companies against computing-power and model assets — 1 outlet

Kingnet plans 2 billion yuan investment for stake in Korean gaming giant — 2 outlets

Chinese shipbuilding giant begins pre-IPO tutoring for A-share listing — 3 outlets

Chinese AI firms push ‘token exports’ at services trade fair as cross-border model access opens — 1 outlet

China rolls out data-element registration system giving datasets official ‘ID cards’ — 2 outlets

Mongolia president pledges deeper energy and infrastructure cooperation with China — 1 outlet

Chinese financial institutions expand cross-border services for overseas clients — 2 outlets

Chinese listed companies step up buybacks and insider purchases to support share prices — 1 outlet

CPO supplier’s revenue jumps over 45% quarter-on-quarter as southbound funds boost 15 stocks — 3 outlets

China’s cheapest new share of the year opens subscription — 3 outlets

Cheche Technology to make strategic investment in solar-storage firm, shares jump over 20% — 1 outlet

PCB maker denies supplying Nvidia after five-day three-limit rally; shares up over 50% this year — 2 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 14 September 2026 07:24 CST.

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