China Business Daily

22 September 2026 · 07:28 CST · Daily intelligence brief

This edition draws on 32 reports across 12 Chinese outlets.

At a Glance

  • New World Development (a Hong Kong-listed property developer) plans to spin off Shanghai K11 assets into a public real estate investment trust (REIT), with the fund expected to raise about RMB 3.818 billion. 21jingji.com, 2026-09-21.
  • China’s National Data Administration (the country’s data regulator) will launch a data resource development and utilization breakthrough action covering 10 industries. Economic Observer, 2026-09-22.
  • China’s grain industry is expected to achieve annual industrial gross output value of over RMB 4.5 trillion during the 15th Five-Year Plan, according to Liu Huanxin, director of the National Food and Strategic Reserves Administration. People’s Daily, 2026-09-21.

Top Stories

Company

  • New World Development to spin off Shanghai K11 into a REIT to cut debt · covered by 3 outlets
  • New World Development (新世界发展) announced on September 21 that it plans to use Shanghai Hong Kong New World Tower as the underlying asset to publicly issue and separately list a public REIT on the Shanghai Stock Exchange via the GF New World Closed-End Commercial Real Estate Securities Investment Fund, according to the company. 21jingji.com, 2026-09-21.
  • The project was accepted by the Shanghai Stock Exchange on September 19, making it the first onshore commercial real estate C-REIT sponsored by a Hong Kong-funded enterprise, according to the exchange. 21jingji.com, 2026-09-21.
  • Cushman & Wakefield appraised the asset at RMB 4.568 billion with a 5% discount rate, and the sale consideration is about RMB 4.014 billion, according to Cushman & Wakefield. 21jingji.com, 2026-09-21.

  • New World Development’s net proceeds of about RMB 3.24 billion will be used for debt repayment and general corporate purposes, according to the company. Jiemian.

  • Zhipu AI responds to user data privacy controversy · covered by 3 outlets

  • Zhipu AI (智谱; a Chinese AI large-model developer) said its ZCode product, recently involved in a data privacy and security controversy, is about to be open-sourced, according to the company. Caijing, 2026-09-21.
  • Zhipu AI said it has invited the China Academy of Information and Communications Technology (a Chinese ICT research institution) to carry out a security audit of ZCode, focusing on checking data retention, according to the company. Caijing, 2026-09-21.
  • China Academy of Information and Communications Technology and NSFOCUS (a Chinese cybersecurity company) completed a third-party security audit of ZCode, confirming that the relevant Alibaba Cloud OSS storage bucket and all data objects have been deleted. Sina Finance, 2026-09-21.

  • Zhipu AI also announced that its MaaS platform (model-as-a-service platform) launched a “data content not retained” feature, promising that model call inputs and outputs will not be statically stored, according to the company. Sina Finance, 2026-09-21.

  • Everbright Securities president Liu Qiuming resigns, part of over 20 brokerage leadership changes this year · covered by 3 outlets

  • Everbright Securities (光大证券; a Chinese brokerage) announced that Liu Qiuming (刘秋明) resigned as executive director and president on September 18, according to the company. 21jingji.com, 2026-09-21.
  • Liu Qiuming was born in 1976 and became president of Everbright Securities in early 2020, serving more than six years, according to the company. 21jingji.com, 2026-09-21.
  • Everbright Securities reported 2025 revenue of RMB 10.852 billion, up 13.06%, and net profit attributable to shareholders of RMB 3.724 billion, up 21.77%, according to the company. 21jingji.com, 2026-09-21.

  • More than 20 securities firms have undergone core management changes so far this year, with 6 electing new chairmen and 11 changing presidents or general managers, according to Time Weekly. 21jingji.com, 2026-09-21.

  • Jiayin Technology posts first loss since listing as overseas growth lifts Q2 cash flow · covered by 1 outlet

  • Jiayin Technology (嘉银科技; a Chinese fintech company) reported first-half 2026 revenue of RMB 1.494 billion, down 59.21% year over year, according to the company. Economic Observer, 2026-09-22.
  • Jiayin Technology posted a first-half loss of RMB 245 million, its first interim loss since listing in 2019, according to the company. Economic Observer, 2026-09-22.

  • In Q2, Jiayin Technology facilitated RMB 9.5 billion in loan transactions, down 74.4% year over year; its Indonesia business scale grew 58% year over year and Mexico grew 36% quarter over quarter, according to the company. Economic Observer, 2026-09-22.

  • Lucas GC net profit drops about 75% as earnings deterioration drives continued re-rating · covered by 1 outlet

  • Lucas GC (罗科仕; a Chinese company, ticker LGCL) reported a year-on-year net profit decline of about 75%, with worsening profitability triggering continued downward revision of its share price, according to market news. Economic Observer, 2026-09-22.

  • Leiya Electronics shares extend slide, falling more than 10% in a single session · covered by 1 outlet

  • Leiya Electronics (雷亚电子; a Chinese listed company, ticker RAYA) has recently seen consecutive stock price declines, with a maximum single-day drop of 10.7%, turnover falling to $96,000, and liquidity markedly narrowing. Economic Observer, 2026-09-22.

Policy

  • China targets ten industries in new push to break data-utilization bottlenecks · covered by 1 outlet
  • China’s National Data Administration will launch new measures focused on ten industries to carry out a data resource development and utilization breakthrough action, according to the administration. Economic Observer, 2026-09-22.
  • The ten industries include industrial manufacturing, healthcare, financial services, transportation and logistics, modern agriculture, energy and power, culture and tourism, education, commerce and trade circulation, and public utilities, according to the administration. Economic Observer, 2026-09-22.
  • It calls for building a data governance and usage model that meets AI development needs and innovating integrated service capabilities for data, models, and agents, according to the administration. Economic Observer, 2026-09-22.

  • The first round of breakthrough tasks was launched in Anhui, focusing on the automotive and healthcare industries, according to the administration. Economic Observer, 2026-09-22.

  • Market regulator’s mooncake sampling finds 97.67% pass rate · covered by 3 outlets

  • The State Administration for Market Regulation (市场监管总局; China’s market regulator) organized a special supervised sampling inspection of mooncakes ahead of the Mid-Autumn Festival, and the pass rate was 97.67%, with mooncake product safety generally stable, according to the administration. Securities Times, 2026-09-21.
  • The special sampling inspection covered supermarkets, wholesale markets, catering businesses, and popular online platforms across 31 provinces, autonomous regions, and municipalities nationwide, according to the administration. Securities Times, 2026-09-21.
  • The inspection randomly sampled 300 batches of traditional mooncakes, catering-made mooncakes, and emerging ice cream mooncakes, according to the administration. Securities Times, 2026-09-21.
  • The main problems found were individual products using preservatives and coloring agents beyond permitted scope or limits, quality indicators such as acid value failing standards, and nutrition claims not meeting standard requirements, according to the administration. Eastmoney.

Macro

  • China’s grain industry targets over 4.5 trillion yuan in annual output value in 15th Five-Year Plan · covered by 2 outlets
  • During the 14th Five-Year Plan period, China’s grain output reached the 700 million ton mark, according to Liu Huanxin. 21jingji.com, 2026-09-21.
  • During the 14th Five-Year Plan period, the annual industrial gross output value of China’s grain enterprises exceeded RMB 4 trillion, according to Liu Huanxin. 21jingji.com, 2026-09-21.

  • During the 15th Five-Year Plan period, China will deepen implementation of the quality grain project to continuously improve the quality and efficiency of grain industry development, and the grain industry is expected to achieve an annual industrial gross output value of over RMB 4.5 trillion, according to Liu Huanxin. People’s Daily, 2026-09-21.

  • Daling village builds out long-stay ‘residential tourism’ industry · covered by 1 outlet

  • As of the article’s writing, the first secretary stationed in Daling Village (大岭村; a village in eastern Fujian), Huang Hong, has just over 400 days left before his posting ends. People’s Daily, 2026-09-22.
  • A year and a half earlier, when Huang Hong first arrived, Daling Village had only about 100 permanent residents, almost all left-behind elderly. People’s Daily, 2026-09-22.
  • Over 200 long-stay visitors came to the village in the eastern Fujian mountains, from Beijing, Zhejiang, Hong Kong, Taiwan and Canberra, Australia. People’s Daily, 2026-09-22.

Markets

  • Computing-power sector draws multiple catalysts as mutual funds expand product lineups · covered by 1 outlet
  • Eight ChiNext computing-power thematic ETFs have already been established, with funds raised exceeding RMB 5 billion. National Business Daily, 2026-09-22.
  • Following the first batch of 10 products, seven more ChiNext computing-power thematic funds, including ETFs and off-exchange index funds, were filed in September. National Business Daily, 2026-09-22.
  • Nearly 40 companies have issued third-quarter earnings forecasts, with the high prosperity of the AI industry chain continuing to materialize. National Business Daily, 2026-09-22.

  • Tianrongxin (Topsec; a Chinese cybersecurity company) stated it has not yet entered the computing-power leasing business. National Business Daily, 2026-09-22.

  • Hang Seng closes up 1.18% back above 25,000 as tech and innovative-drug names rally · covered by 5 outlets

  • The three major Hong Kong stock indices closed higher on September 21, with the Hang Seng Index up 1.18% at 25,042.71, the Hang Seng Tech Index up 0.4%, and the State-owned Enterprises Index up 1.39%. Eastmoney.
  • Tech internet stocks were mostly higher on September 21, with Xiaomi (a Chinese smartphone and EV maker) up over 4%, Alibaba (a Chinese e-commerce and cloud group) up over 3%, and Lenovo (a Chinese computer maker) down over 4%. Sina Finance, 2026-09-21.

  • Innovative drug concept stocks strengthened on September 21, with Akeso (a Chinese biopharmaceutical company) up nearly 9%, Kelun-Biotech (a Chinese biotech company) up nearly 8%, and 3SBio (a Chinese biopharmaceutical company) up more than 6%. National Business Daily, 2026-09-21.

  • Chinese listed firms release Sept 21 evening batch of filings, from stakes to contracts · covered by 2 outlets

  • Xingshuaier (a Chinese listed company) is planning to acquire assets by issuing shares and paying cash, with a tentative total valuation of RMB 840 million, and its stock will be suspended from the open on September 22, 2026, according to the company. Jiemian, 2026-09-22.
  • Xinhua Winshare (a Chinese publishing and distribution company) plans to acquire 100% equity of Sichuan Nationalities Publishing House for RMB 346 million using its own funds, according to the company. Jiemian, 2026-09-22.
  • Pudong Construction’s subsidiaries won multiple major projects with a total bid amount of RMB 1.322 billion, according to the company. Jiemian, 2026-09-22.

  • ST Yuandao received a delisting decision from the Shenzhen Stock Exchange due to false records in its IPO disclosure documents, and its shares will resume trading on September 30, 2026, entering a 15-trading-day* delisting period expected to end on October 27, according to the exchange. Yicai.

  • Speculative ‘dictionary’ trade sends batch of character-named stocks limit-up · covered by 2 outlets

  • On September 21, stocks whose names contain a specific Chinese character hit the daily limit up in large batches, including over a dozen companies spanning pharmaceuticals, agriculture, nonferrous metals, communications and new materials. Eastmoney.
  • One such stock recorded a fifth consecutive limit-up and another a third consecutive limit-up. Eastmoney.

Tech

  • People’s Daily spotlights international smart-city technology cooperation push · covered by 1 outlet
  • The “2026 World Mayors Dialogue · Wuhan” event, guided by China’s State Council Information Office, was held in Wuhan, Hubei from September 18 to 21, according to the article. People’s Daily, 2026-09-22.
  • Xiaomi’s Wuhan smart appliance factory can produce one air conditioner every 6.5 seconds, according to Christchurch Deputy Mayor Victoria Henstock. People’s Daily, 2026-09-22.
  • Huagong Technology (HGTech; a Chinese laser and sensor equipment maker) has set up three overseas R&D centers, three production bases and ten subsidiaries, with products exported to more than 80 countries and regions, according to the company. People’s Daily, 2026-09-22.
  • In April this year, the Yangtze finless porpoise officially became Wuhan’s city mascot. People’s Daily, 2026-09-22.

Sources

32 source articles across 12 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

New World Development to spin off Shanghai K11 into a REIT to cut debt — 3 outlets

China targets ten industries in new push to break data-utilization bottlenecks — 1 outlet

China’s grain industry targets over 4.5 trillion yuan in annual output value in 15th Five-Year Plan — 2 outlets

Zhipu AI responds to user data privacy controversy — 3 outlets

Computing-power sector draws multiple catalysts as mutual funds expand product lineups — 1 outlet

Hang Seng closes up 1.18% back above 25,000 as tech and innovative-drug names rally — 5 outlets

Everbright Securities president Liu Qiuming resigns, part of over 20 brokerage leadership changes this year — 3 outlets

Jiayin Technology posts first loss since listing as overseas growth lifts Q2 cash flow — 1 outlet

People’s Daily spotlights international smart-city technology cooperation push — 1 outlet

Market regulator’s mooncake sampling finds 97.67% pass rate — 3 outlets

Lucas GC net profit drops about 75% as earnings deterioration drives continued re-rating — 2 outlets

Chinese listed firms release Sept 21 evening batch of filings, from stakes to contracts — 2 outlets

Speculative ‘dictionary’ trade sends batch of character-named stocks limit-up — 3 outlets

Daling village builds out long-stay ‘residential tourism’ industry — 1 outlet

Leiya Electronics shares extend slide, falling more than 10% in a single session — 1 outlet

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 22 September 2026 07:28 CST.

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