China Business Daily

26 September 2026 · 07:32 CST · Daily intelligence brief

This edition draws on 47 reports across 10 Chinese outlets.

At a Glance

  • Hong Kong’s derivatives clearing houses will accept Chinese government, policy financial and Ministry of Finance bonds as non-cash collateral from November 2026. National Business Daily, 2026-09-25.
  • The People’s Bank of China’s Monetary Policy Committee held its 114th regular meeting, with social financing costs at a historically low level. finance.sina.com.cn, 2026-09-25.
  • China’s EV charging infrastructure reached 24.223 million units at end-August, up 39.6% year on year. People’s Daily, 2026-09-26.

Top Stories

Markets

  • HKEX derivatives clearing house to accept Chinese government, policy bank and MOF bonds as collateral from November · covered by 1 outlets
  • Hong Kong Exchanges and Clearing Limited (香港交易所; a Hong Kong exchange operator) announced its wholly owned subsidiaries and on-exchange derivatives clearing houses will accept Chinese government bonds and policy financial bonds held through Bond Connect Northbound, and offshore bonds issued by the Ministry of Finance of the PRC, as qualifying non-cash collateral to meet margin requirements, subject to regulatory approval, according to Hong Kong Exchanges and Clearing Limited. National Business Daily, 2026-09-25.
  • The clearing houses are HKFE Clearing Corporation Limited and The SEHK Options Clearing House Limited, according to Hong Kong Exchanges and Clearing Limited. finance.eastmoney.com, 2026-09-25.
  • HKEX Chief Operating Officer Lau Pik-yin said implementing this optimization will increase the use cases of Chinese government bonds in the Hong Kong market, according to HKEX Chief Operating Officer Lau Pik-yin. National Business Daily, 2026-09-25.
  • By accepting the bonds as collateral, HKEX helps provide market participants with more flexible collateral management options, improve capital efficiency, and promote the continued development of Hong Kong’s fixed-income and RMB ecosystem, according to HKEX Chief Operating Officer Lau Pik-yin. National Business Daily, 2026-09-25.
  • Shanghai to launch benchmark index covering 40 innovative drug makers · covered by 1 outlets
  • The Shanghai Stock Exchange and China Securities Index Co. will officially launch the SSE Innovative Drug STAR Leading Index (code 950441) on September 29, according to the Shanghai Stock Exchange and China Securities Index Co. finance.eastmoney.com, 2026-09-26.
  • The two institutions announced on September 24 a sample list of 40 pharmaceutical listed companies for the index, according to the Shanghai Stock Exchange and China Securities Index Co. finance.eastmoney.com, 2026-09-26.
  • The index samples are adjusted quarterly, with changes implemented on the next trading day after the second Friday of March, June, September, and December each year, according to the index compilation plan. finance.eastmoney.com, 2026-09-26.
  • Shanghai Stock Exchange and CSI to launch innovative drug, software indexes on September 29 · covered by 2 outlets
  • The Shanghai Stock Exchange and China Securities Index Co. will launch the SSE Innovative Drug STAR Leading Index and the SSE STAR Market Software Services Index on September 29, according to the Shanghai Stock Exchange. Securities Times, 2026-09-25.
  • The SSE Innovative Drug STAR Leading Index selects 40 innovative-drug companies with high R&D levels and good growth from STAR Market and SSE Main Board listed companies, while raising the weight of STAR Market constituents, according to the Shanghai Stock Exchange. m.21jingji.com, 2026-09-25.
  • The SSE STAR Market Software Services Index selects 40 listed companies in software development and software services from the STAR Market, according to the Shanghai Stock Exchange. m.21jingji.com, 2026-09-25.
  • Hang Seng slips 1.01% and Hang Seng Tech drops 1.13% in Hong Kong close · covered by 5 outlets
  • On September 25, the Hang Seng Index closed at 24,510.09 points, down 251.04 points or 1.01%. finance.eastmoney.com, 2026-09-25.
  • The Hang Seng Tech Index closed at 4,311.78 points, down 49.35 points or 1.13% on the same September 25 session. finance.eastmoney.com, 2026-09-25.
  • Because the Shanghai-Hong Kong Stock Connect was closed, Hang Seng Index turnover was HK$59.1 billion in the September 25 morning session. Securities Times, 2026-09-25.
  • Hong Kong biotech shares climb, GenScript up more than 9% · covered by 1 outlets
  • On September 25, Hong Kong-listed biopharmaceutical concept stocks advanced, with GenScript Biotech (金斯瑞生物科技; a Hong Kong-listed biotech company) rising more than 9%. National Business Daily, 2026-09-25.
  • WuXi Biologics (a Chinese biotech company) and WuXi AppTec (a Chinese life-sciences services company) each rose more than 2% on September 25. Securities Times, 2026-09-25.
  • Hong Kong innovative drug and biotech-related ETFs rose more than 4% on September 25. National Business Daily, 2026-09-25.
  • GenScript Biotech hits record high after 296% rally since June 24 · covered by 2 outlets
  • Wind data showed that on September 25, Hong Kong-listed biopharmaceutical companies including GenScript Biotech collectively rose. m.21jingji.com, 2026-09-25.
  • GenScript Biotech surged nearly 10% in the afternoon, reached an intraday record high of HK$43.68 per share, and as of publication was up 8% with a market capitalization exceeding HK$90 billion. m.21jingji.com, 2026-09-25.
  • GenScript Biotech had a cumulative gain of 296% since June 24 this year, with its stock price rising from HK$12.12 to near HK$43, according to Wind data. Securities Times, 2026-09-25.
  • Offshore yuan weakens 68 pips against the dollar · covered by 2 outlets
  • In late New York trading on Friday (September 25), the offshore yuan (CNH) traded at 6.7227 per US dollar, down 68 points from Thursday’s New York close. National Business Daily, 2026-09-26.
  • The offshore yuan moved within an intraday range of 6.7134 to 6.7258 against the US dollar. National Business Daily, 2026-09-26.
  • The US dollar index fell below the 101 level, down 0.24% on September 25. National Business Daily, 2026-09-26.

Policy

  • PBOC sets out latest monetary policy priorities · covered by 2 outlets
  • The People’s Bank of China (PBOC) Monetary Policy Committee (货币政策委员会) held its 2026 third-quarter regular meeting, according to the committee. finance.sina.com.cn, 2026-09-25.
  • The meeting said macro policy has been more proactive and monetary policy has remained moderately loose since the start of the year, according to the committee. finance.sina.com.cn, 2026-09-25.
  • The meeting assessed that China’s economy is generally stable with new growth drivers and improving structure, but still faces challenges such as strong supply and weak demand, structural divergence, and external shocks, according to the committee. finance.sina.com.cn, 2026-09-25.
  • It called for keeping the RMB exchange rate basically stable at a reasonable and balanced level, according to the committee. finance.eastmoney.com, 2026-09-25.
  • PBOC injects 800 billion yuan via MLF operation ahead of holiday · covered by 6 outlets
  • On September 24 the People’s Bank of China conducted an 800 billion yuan one-year medium-term lending facility (MLF) operation, rolling over an extra 200 billion yuan, according to the central bank. m.21jingji.com, 2026-09-24.
  • With 600 billion yuan of MLF maturing this month, the operation left a net MLF injection of 200 billion yuan for the month, the third consecutive month of net medium-term liquidity injection, according to the central bank. m.21jingji.com, 2026-09-24.
  • The central bank simultaneously announced overnight reverse repo operations from September 28 to October 8 with a daily cap of no more than 1 trillion yuan. m.21jingji.com, 2026-09-24.
  • Wang Qing, chief macro analyst at Dongfang Jincheng (a Chinese credit-rating agency), said injecting medium-term liquidity via MLF helps support the smooth issuance of government bonds and reflects monetary-fiscal policy coordination, according to Wang Qing. m.21jingji.com, 2026-09-24.
  • China forwards 10-department measures to promote RV consumption · covered by 2 outlets
  • The State Council General Office recently forwarded the “Several Measures on Promoting RV Consumption” issued by 10 departments including the Ministry of Culture and Tourism, the National Development and Reform Commission, and the Ministry of Industry and Information Technology, according to the State Council General Office. People’s Daily, 2026-09-26.
  • The measures propose 9 policy measures covering the entire RV consumption chain, including improving RV supply quality, optimizing RV registration, scrapping, and driver training and testing management, ensuring RV passage and parking, strengthening RV campsite construction, enhancing RV tourism product supply and management services, improving RV rental services, increasing financial support, implementing RV consumption promotion actions, and implementing safety management responsibilities, according to the 10 departments. People’s Daily, 2026-09-26.
  • The measures focus on unblocking RV (motorhome, caravan trailer, camping vehicle) consumption bottlenecks and releasing RV consumption potential, according to the 10 departments. finance.eastmoney.com, 2026-09-26.
  • China sets out culture, culture-industry and tourism development push under 15th Five-Year Plan · covered by 1 outlets
  • On September 24, the State Council Information Office held a press conference in its “Starting Off the 15th Five-Year Plan” series to brief on progress in high-quality culture and tourism development, according to the State Council Information Office. People’s Daily, 2026-09-25.
  • During the 15th Five-Year Plan period, China will take deeper integration of culture and tourism as the main line and coordinate high-quality development of cultural programs, cultural industries and tourism, according to Wang Jianhua, spokesperson and vice minister of the Ministry of Culture and Tourism. People’s Daily, 2026-09-25.
  • Starting this year, a three-year action plan to revitalize theater will be implemented, supporting creative performances of rare opera genres, and a special support mechanism for small and medium-sized productions will be set up, according to Chen Binbin, director of the general office of the Ministry of Culture and Tourism. People’s Daily, 2026-09-25.

Energy

  • China’s EV charging infrastructure tops 24.2 million units as of end-August · covered by 2 outlets
  • Public charging facilities (guns) totaled 5.160 million units, up 19.5% year on year, according to the National Energy Administration. People’s Daily, 2026-09-26.
  • Private charging facilities (guns) totaled 19.063 million units, up 46.3% year on year, according to the National Energy Administration. People’s Daily, 2026-09-26.
  • Public charging facilities had total rated power of 262 million kilowatts, with average per-gun power of about 50.69 kilowatts, according to the National Energy Administration. People’s Daily, 2026-09-26.
  • China’s August electricity consumption reaches 1.03 trillion kWh · covered by 2 outlets
  • In August 2025, China’s total electricity consumption reached 1.03 trillion kWh, staying above the trillion-kWh level for a second consecutive month and rising 1.7% year on year, according to the National Energy Administration. People’s Daily, 2026-09-25.
  • In August, secondary-industry electricity use was 612.4 billion kWh (+2.4% YoY) and tertiary-industry use was 215.5 billion kWh (+5.1% YoY), according to the National Energy Administration. People’s Daily, 2026-09-25.
  • In August, electricity consumption by high-technology and equipment manufacturing rose 7.2% year on year, according to Wu Liqiang, assistant director of statistics at the China Electricity Council. People’s Daily, 2026-09-25.

Tech

  • China keeps crown as world’s largest industrial robot market, IFR says · covered by 2 outlets
  • In 2025, China’s industrial robot installations reached 354,000 units, about 59% of the global total, a record high, making China the world’s largest industrial robot market for the second consecutive year, according to the International Federation of Robotics. People’s Daily, 2026-09-25.
  • The report projects China’s industrial robot market to maintain an average annual growth rate of 5% to 10% from now through 2029, according to the International Federation of Robotics. National Business Daily, 2026-09-24.
  • In 2025, the number of industrial robots in operation in factories worldwide reached 5 million units, up 9% year on year, a record high, according to the International Federation of Robotics. People’s Daily, 2026-09-25.

Company

  • Wynn Resorts pushes UAE project as Macau gaming revenue slump drags shares to new low · covered by 1 outlets
  • Wynn Resorts’ UAE integrated gaming resort project resumed construction in March 2026, according to Wynn Resorts. Economic Observer, 2026-09-26.
  • The UAE project is expected to be completed in March 2027 and is the UAE’s first integrated gaming resort, according to Wynn Resorts. Economic Observer, 2026-09-26.
  • Macau gaming revenue has declined year-on-year for three consecutive months, and on September 23 Wynn’s stock hit a 60-day intraday low. Economic Observer, 2026-09-26.
  • Qifu Technology CEO departs as director plans to sell 656,700 shares · covered by 1 outlets
  • On September 21, Qifu Technology (奇富科技; a Chinese fintech company) announced that founder Wu Haisheng resigned as CEO and director to focus on international business expansion, and original chief risk officer and vice president Zheng Yan succeeded him as CEO effective the same day, according to the company. Economic Observer, 2026-09-26.
  • The company stated the change was a strategic division of labor: domestic inclusive finance would strengthen risk control and AI, while the founder would personally handle overseas business, according to the company announcement. Economic Observer, 2026-09-26.
  • On September 24, a Form 144 disclosed that a company director planned to sell about 656,700 shares worth about US$5.31 million, according to Form 144. Economic Observer, 2026-09-26.
  • Siyuan Infinity to acquire 29.9% of Lide Education for HK$103 million · covered by 1 outlets
  • Siyuan Infinity (思享无限; a Chinese company) plans to acquire a 29.9% stake in Hong Kong-listed Lide Education (立德教育; a Hong Kong-listed education company) for consideration of about HK$103 million, which does not trigger a mandatory general offer. Economic Observer, 2026-09-26.
  • On September 2 the company signed a sale and purchase agreement with Lide Education’s controlling shareholder Shuren Education. Economic Observer, 2026-09-26.
  • The acquisition consideration is approximately US$13.1 million, and the transaction is still characterized as a “strategic investment”. Economic Observer, 2026-09-26.
  • Xiaomi, ZTO Express and CATL disclose share repurchases · covered by 3 outlets
  • Xiaomi Group (小米集团; a Chinese smartphone/electronics maker) repurchased 1.9 million B-class shares on September 25, spending HK$50.1 million according to HKEX filings. National Business Daily, 2026-09-25.
  • ZTO Express-W (中通快递-W; a Chinese express delivery company) repurchased 174,700 of its own shares on September 24, 2026, at a total consideration of US$3.4177 million, with the shares intended to be cancelled, according to ZTO Express-W. finance.eastmoney.com, 2026-09-24.
  • CATL (宁德时代; a Chinese battery maker) spent approximately RMB 200 million to repurchase 680,400 A-shares as of September 24, 2026, at prices ranging from RMB 293.69 to RMB 294.53, according to CATL. finance.sina.com.cn, 2026-09-24.
  • Niu Technologies’ marketing sound effect draws user backlash without moving shares · covered by 1 outlets
  • Starting September 22, multiple users found that the vehicle’s boot-up sound effect had been forcibly replaced in the background with the voice of brand spokesperson Song Yuqi, and it could not be turned off. Economic Observer, 2026-09-26.
  • Niu Technologies (小牛电动; a Chinese electric scooter maker) customer service admitted the sound effect was a “holiday sound effect” set for the spokesperson’s birthday and admitted the backend time setting was wrong by one day early, according to Niu Technologies customer service. Economic Observer, 2026-09-26.
  • The public-opinion incident did not cause an obvious fluctuation in the company’s stock price on the day. Economic Observer, 2026-09-26.
  • Intchains Group posts RMB 149 million first-half loss, plans up to $15 million buyback · covered by 1 outlets
  • Intchains Group (聪链集团; a Chinese technology company) reported total revenue for the first half of 2026 of approximately 11.13 million yuan, a year-on-year plunge of about 93.66%, according to Intchains Group. Economic Observer, 2026-09-26.
  • The company reported a net loss of approximately 149 million yuan in the first half of 2026, compared with a profit in the same period last year, according to Intchains Group. Economic Observer, 2026-09-26.
  • A fair value loss of approximately 89.487 million yuan on cryptocurrency holdings was the main factor hitting profit, and on August 20, 2026, the board approved an American Depositary Share repurchase plan of up to US$15 million with a two-year term, according to the Intchains Group board. Economic Observer, 2026-09-26.

Sources

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

HKEX derivatives clearing house to accept Chinese government, policy bank and MOF bonds as collateral from November — 2 outlets

PBOC sets out latest monetary policy priorities — 3 outlets

China’s EV charging infrastructure tops 24.2 million units as of end-August — 4 outlets

PBOC injects 800 billion yuan via MLF operation ahead of holiday — 6 outlets

China keeps crown as world’s largest industrial robot market, IFR says — 2 outlets

China’s 10 ministries issue measures to boost RV and auto consumption — 2 outlets

Wynn Resorts pushes UAE project as Macau gaming revenue slump drags shares to new low — 1 outlet

Shanghai to launch benchmark index covering 40 innovative drug makers — 2 outlets

Qifu Technology CEO departs as director plans to sell 656,700 shares — 1 outlet

Siheng Wuxian to acquire 29.9% of Lide Education for HK$103 million — 1 outlet

China to publish new A-share index — 2 outlets

Xiaomi repurchases 1.9 million Class B shares — 3 outlets

Hang Seng slips 1.01% and Hang Seng Tech drops 1.13% in Hong Kong close — 5 outlets

Hong Kong biotech shares climb, GenScript up more than 9% — 2 outlets

China sets out culture, culture-industry and tourism development push under 15th Five-Year Plan — 3 outlets

China’s manufacturers shift to electrified, greener production lines — 2 outlets

Niu Technologies’ marketing sound effect draws user backlash without moving shares — 1 outlet

A-share triple-bagger hits record high on afternoon surge — 2 outlets

Intchains Group posts RMB 149 million first-half loss, plans up to $15 million buyback — 1 outlet

Offshore yuan weakens 68 pips against the dollar — 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 26 September 2026 07:32 CST.

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