China Business Daily

28 September 2026 · 07:25 CST · Daily intelligence brief

This edition draws on 46 reports across 7 Chinese outlets.

At a Glance

  • The People’s Bank of China’s Q3 meeting signals continued moderately loose monetary policy and stepped-up countercyclical adjustment. finance.eastmoney.com.
  • China’s bond ETF market topped 1 trillion yuan for the first time as of Sept 23, with 28 fund companies offering such products. finance.sina.com.cn, 2026-09-27.
  • A top Chinese brokerage sees the period around Q3 earnings as the last offensive window of the year for A-shares. National Business Daily, 2026-09-27.

Top Stories

Policy

  • Beijing signals stepped-up counter-cyclical monetary policy to support growth · covered by 2 outlets
  • The People’s Bank of China Monetary Policy Committee held its 2026 Q3 regular meeting, where the reporter learned the relevant information, according to the committee. People’s Daily, 2026-09-28.
  • Monetary policy has remained moderately loose, strengthening countercyclical and cross-cyclical adjustment, according to the committee. People’s Daily, 2026-09-28.

  • Social financing costs are at a historically low level, and foreign exchange market supply and demand are basically balanced, with the RMB exchange rate floating two-way while remaining basically stable at a reasonable equilibrium level, according to the committee. People’s Daily, 2026-09-28.

  • Anhui advanced manufacturing clusters add 80 aircraft products, over 100 quantum-chain firms · covered by 1 outlets

  • Lu’an City in Anhui, using a ‘Shanghai R&D + Lu’an manufacturing’ model, embedded itself in the Yangtze River Delta large aircraft advanced manufacturing cluster and cumulatively developed 80 related products. People’s Daily, 2026-09-28.
  • Anhui has gathered more than 100 quantum technology industrial chain enterprises province-wide, with companies such as QuantumCTek (a Chinese quantum technology company) listed and unicorns such as Origin Quantum (a Chinese quantum computing company) accelerating their growth. People’s Daily, 2026-09-28.

  • From January to July this year, Anhui’s high-tech manufacturing value added grew 48.3% year-on-year, and strategic emerging industry output grew 17.3%, raising its share of above-scale industry to 46.1%. People’s Daily, 2026-09-28.

  • Private water-conservancy capital rises 80.1% as Qinglong Pipe supplies 200 km · covered by 1 outlets

  • Private capital introduced into national water conservancy construction reached 13.43 billion yuan in January-August, up 80.1% year on year. People’s Daily, 2026-09-28.
  • Qinglong Pipe Industry (a Chinese pipe maker), as a private enterprise, participated in the construction of the Huanbei Bay Guangdong Water Resources Allocation Project, and its production base has supplied over 200 kilometers of pipe materials to multiple engineering projects. People’s Daily, 2026-09-28.
  • The Ministry of Water Resources is coordinating ‘hard investment’ and ‘soft construction’ and guiding localities to attract social capital through concession operations, equity cooperation and other models, according to the ministry. People’s Daily, 2026-09-28.

Company

  • Tesla China trims Model Y cash discount to 7,000 yuan, extends order window to Oct 31 · covered by 1 outlets
  • On September 25, Tesla China announced that orders placed by October 31, 2026 would receive a limited-time final payment reduction of 5,000 yuan on all Model 3 variants and 7,000 yuan on some Model Y variants, according to Tesla China. finance.eastmoney.com.
  • Compared with the previous policy released on September 7, the Model 3 cash discount remained unchanged while the Model Y discount was adjusted from 10,000 yuan for all variants to 7,000 yuan for some variants, and the order deadline was extended from September 30 to October 31. finance.eastmoney.com.
  • According to CPCA (China Passenger Car Association) data, from January to August this year Tesla’s Shanghai Gigafactory had cumulative wholesale sales of about 647,700 vehicles, up about 25.6% year-on-year, with exports of about 331,400 vehicles accounting for 51.2% of the Shanghai factory’s wholesale sales in the same period. finance.eastmoney.com.

  • Data from the China Automobile Dealers Association shows that in August Tesla China’s domestic NEV passenger vehicle retail sales were 50,000 units, down 12.4% year-on-year, while cumulative retail sales from January to August were about 316,300 units. finance.eastmoney.com.

  • AITO new M8 to open pre-sales Sept 30; Seres shareholder raises stake to 27.03% · covered by 1 outlets

  • AITO (问界汽车; a Chinese electric-vehicle brand) announced that the new M8 will open pre-sales on September 30, with the entire lineup featuring an architecture designed for L3 autonomous driving and equipped with Huawei (华为; a Chinese technology group) Qiankun ADS 5 and a new-generation omnidirectional stereo fusion perception system. finance.eastmoney.com, 2026-09-28.
  • Seres (赛力斯; a Chinese automaker) controlling shareholder Chongqing Xiaokang Holdings and its concert parties increased their stake by 4.1501 million shares via centralized bidding between July 15 and September 24, 2026, raising the shareholding ratio from 26.79% to 27.03%, crossing the 1% threshold. finance.sina.com.cn, 2026-09-26.

  • Huawei executive director and Terminal BG chairman Yu Chengdong (余承东) said Huawei will focus on Zunjie, Xiangjie, Zhijie, and Shangjie, giving each brand more resources and teams more energy to refine products and experiences. finance.sina.com.cn, 2026-09-26.

  • CanSemi’s online IPO subscription rate hits 0.0424% · covered by 2 outlets

  • CanSemi (粤芯半导体; a Chinese semiconductor maker) online issuance winning rate was 0.0424%. National Business Daily, 2026-09-27.

  • Robotechnik sets H-share issue price at HK$436 per share · covered by 2 outlets

  • Robotechnik (罗博特科; a Chinese semiconductor and optoelectronic equipment maker) determined its H-share issue price at HK$436 per share. National Business Daily, 2026-09-27.
  • Robotechnik plans to offer 11.876 million H shares globally and expects to list on the Hong Kong Stock Exchange on September 29, 2026. Securities Times.
  • According to its 2026 half-year report, Robotechnik’s H1 revenue was 608 million yuan, up 144.82% year on year, and net profit attributable to shareholders was 6.5568 million yuan, turning profitable. Securities Times.

  • As of the first half of 2026, Robotechnik’s unrecognized-revenue order backlog was about 3.386 billion yuan, far exceeding its 2025 annual total revenue of 950 million yuan. Securities Times.

  • Guosheng Securities barred from opening new accounts for 3 months as executives fined · covered by 3 outlets

  • On the evening of September 24, Guosheng Securities (国盛证券; a Chinese securities firm) and related parties received administrative penalty pre-notification and other pre-notification documents issued by the Jiangxi Securities Regulatory Bureau. Securities Times.
  • The Jiangxi Securities Regulatory Bureau proposed to give Guosheng Securities a warning and a fine of 290,000 yuan, and to give warnings and fines to relevant personnel. Securities Times.
  • The Jiangxi Securities Regulatory Bureau proposed to order Guosheng Securities to correct, suspend new securities account opening for 3 months, prohibit adding new brokerage clients during the suspension, order punishment of responsible personnel, and record the matter in the securities and futures market integrity archive. Securities Times.

  • Guosheng Securities stated that the company’s operations are currently normal and that it will reflect deeply, learn lessons, seriously rectify, and promote its businesses prudently in compliance with laws and regulations. Securities Times.

  • Caina Co. plans to buy at least 20% of Zhejiang Peptide Biotech after 756 million yuan stake sale · covered by 3 outlets

  • Caina Co. (采纳股份; a Shenzhen-listed Chinese company) announced it is planning to acquire no less than 20% equity of Zhejiang Peptide Biotech (a Chinese peptide biotech company) via cash payment. finance.sina.com.cn, 2026-09-27.
  • Peptide Pharma, a subsidiary of Zhejiang Peptide Biotech, acquired 22.011 million shares (18.01% of total shares) of Caina Co. for approximately 756 million yuan. finance.sina.com.cn, 2026-09-27.
  • As of December 31, 2025, Zhejiang Peptide Biotech’s audited total assets were 1.641 billion yuan, net assets 1.261 billion yuan, and its 2025 audited revenue was 534 million yuan with net profit of 219 million yuan. finance.eastmoney.com.

  • As of the September 24 close, Caina Co.’s share price was 63.54 yuan per share with a total market value of 7.767 billion yuan. finance.eastmoney.com.

  • Jitai Co says liquid-cooling silicone oil recorded zero 2026 H1 sales, still in internal validation · covered by 1 outlets

  • Jitai Co., Ltd. (集泰股份; a Chinese chemical materials maker) issued an announcement on abnormal fluctuations after a two-day consecutive limit-up run. National Business Daily, 2026-09-27.
  • In the first half of 2026, the company’s new energy segment recorded total sales revenue of 28.4545 million yuan, accounting for 5.88% of the company’s operating revenue, a relatively low proportion. National Business Daily, 2026-09-27.

  • The company’s liquid-cooling silicone oil recorded no sales in the first half of 2026 and the product is currently in the internal application validation stage. National Business Daily, 2026-09-27.

  • Longda Foodstuff controlling shareholder’s stake placed under forced execution · covered by 1 outlets

  • East China Securities (a Chinese securities firm) reduced 8,276,600 shares held by Lanrun Development, the controlling shareholder of Longda Foodstuff (山东龙大美食股份有限公司; a Chinese food company), via centralized bidding between July 15 and August 3, 2026. finance.sina.com.cn, 2026-09-28.
  • Pursuant to a court execution ruling and assistance notice, East China Securities will dispose of no more than 13,611,346 shares in Lanrun Development’s margin trading account, equal to no more than 1% of Longda Foodstuff’s total share capital. finance.sina.com.cn, 2026-09-28.

  • If the judicial auction shares are fully transferred and East China Securities disposes of the maximum 13,611,346 shares, Lanrun Development’s holding will fall from 13.13% to 11.56%, though it remains the largest shareholder. finance.sina.com.cn, 2026-09-28.

  • Yuexiang Holdings (CHR) changes control as voting power concentrates above 96% · covered by 1 outlets

  • Relevant shareholders of Yuexiang Holdings (CHR) completed a share acquisition and together hold approximately 96.44% of the company’s total voting rights, changing control of the company. Economic Observer, 2026-09-28.
  • According to a Schedule 13D filed on September 23, Lioness Limited and Lim Kien Leong signed a share purchase agreement on September 16 to acquire all 500,000 Class B ordinary shares, representing 100% of that class, for total consideration of US$500, with transfer completed on September 22. Economic Observer, 2026-09-28.
  • Because each Class B share carries 100 votes, this block of shares corresponds to approximately 96.44% of total voting rights. Economic Observer, 2026-09-28.

Markets

  • China’s bond ETF assets top 1 trillion yuan for the first time · covered by 2 outlets
  • As of September 23, the total scale of 53 bond ETFs in the entire market reached 1,002.231 billion yuan, exceeding the trillion-yuan mark for the first time, according to Wind (a Chinese financial data provider). m.21jingji.com, 2026-09-27.
  • Among the 53 bond ETFs, 37 have scale exceeding 10 billion yuan. m.21jingji.com, 2026-09-27.
  • The short-term financing ETF Haitong is the largest bond ETF with a scale of 84.036 billion yuan. m.21jingji.com, 2026-09-27.

  • As of September 23, the total scale was up 173.207 billion yuan or 20.9% from 829.024 billion yuan at the beginning of the year, according to Wind. finance.eastmoney.com.

  • Institutions advise holding A-shares through the holiday, keep tech as mid-term main line · covered by 1 outlets

  • Brokerage strategy outlook reports state that before long holidays the market is often in a low-volume consolidation, and after the holiday, as funds return, the trading volume center is expected to rise. National Business Daily, 2026-09-28.
  • Most institutions lean toward ‘holding stocks over the holiday’, with tech as the mid-term main line. National Business Daily, 2026-09-28.
  • As of the close on September 24, the Shanghai Composite Index was down 2% from the start of the year, with telecom and electronics up nearly 40% while retail trade and autos fell about 20%, according to Kangman Capital (a Chinese private fund manager) founder and chairman Ding Ying. finance.sina.com.cn, 2026-09-27.

  • Ding Ying currently runs a securities position of more than 90%, operating at a high level. finance.sina.com.cn, 2026-09-27.

  • CITIC Securities calls current window the year’s last offensive opportunity in A-shares · covered by 2 outlets

  • CITIC Securities (中信证券; a Chinese securities firm) research report maintains its judgment that the A-share market will stay range-bound this year, with the period around the third-quarter earnings reports being the last offensive window of the year. Securities Times, 2026-09-27.
  • CITIC Securities advises investors to seize the year’s final offensive window, saying the market has the soil for active capital to attack new technologies and new themes. National Business Daily, 2026-09-27.
  • Omdia data show global semiconductor revenue in Q2 2026 surpassed USD 425 billion, up 31.4% quarter-on-quarter, with first-half cumulative revenue reaching USD 752 billion. Securities Times, 2026-09-27.

  • China Life (a Chinese insurer) plans to invest RMB 4.5 billion to step up its presence in AI and semiconductors, while Alibaba set out hundred-billion-level capital expenditure and global computing capacity expansion plans at the Yunqi Conference. Securities Times, 2026-09-27.

  • Four A-share stocks on limit-up streaks issue joint risk warnings · covered by 2 outlets

  • Dongfang Zhongke (a Chinese technology products distributor) clarified that the vector network analyzers it sells are all agency/distributed products rather than self-developed manufactures, with 2025 related sales revenue of 124 million yuan accounting for 3.84% of annual revenue. finance.sina.com.cn, 2026-09-27.
  • An arbitration award in Dongfang Zhongke’s dispute over performance-commitment compensation related to its acquisition of 78.33% of Beijing Wanlihong has taken effect and is expected to cut 2026 net profit by about 620 million yuan. finance.sina.com.cn, 2026-09-27.
  • Kangqiang Electronics (a Chinese semiconductor packaging materials maker) reported first-half revenue of 1.526 billion yuan, up 57.14% year on year. finance.sina.com.cn, 2026-09-27.
  • OGAWA (a Chinese health equipment maker) said its health-service robot business is still exploratory, does not yet involve humanoid robots, and has generated no sales revenue. finance.sina.com.cn, 2026-09-27.

Macro

  • Bessent urges Fed to stay open-minded on the US inflation outlook · covered by 1 outlets
  • U.S. Treasury Secretary Bessent said Fed policymakers should keep an ‘open mind’ on interest rates and that AI-driven productivity gains and deregulation will help control U.S. inflation. finance.sina.com.cn, 2026-09-28.
  • According to government data released on September 11, U.S. core consumer prices excluding food and energy rose 0.3% in August and 2.4% year-on-year. finance.sina.com.cn, 2026-09-28.
  • Days later, the Fed under Warsh raised its benchmark interest rate for the first time since 2023. finance.sina.com.cn, 2026-09-28.
  • Bessent argued that core inflation has been very stable and has actually declined over the past few months. finance.sina.com.cn, 2026-09-28.

Trade

  • US-China Business Council says economic ties are ‘indispensable’ amid tensions · covered by 1 outlets
  • Tan Sen (谭森), president of the US-China Business Council, said the US and China are the world’s two largest and most dynamic economies and that their economic and trade relations are crucial and indispensable. finance.eastmoney.com.
  • Tan Sen said that without a strong and sustainable economic and trade relationship, neither side can fully realize its economic potential. finance.eastmoney.com.

Tech

  • Anhui tech firms commercialize quantum measurement, automotive chips, rail cables · covered by 1 outlets
  • Guoyi Quantum (a Chinese quantum technology company) has transformed cutting-edge quantum technology into a ‘measurement foundation’ for manufacturing sites, supporting scientific research, drug development, material analysis, and industrial quality control. People’s Daily, 2026-09-28.
  • Aichuang Microelectronics Technology (a Chinese chip designer) conducts R&D in real industrial scenarios and produces automotive-grade and industrial-grade analog chips covering automotive electronics, embodied intelligence, and new energy ships. People’s Daily, 2026-09-28.
  • Maiteno Technology (a Chinese cable maker) owns more than 30 core independent intellectual property rights and 8 invention patents, and its market share of special cables for rail transit reaches 14.2%. People’s Daily, 2026-09-28.

Also Reported

Further developments selected for today’s brief; tap a source to read the original.

Sources

46 source articles across 7 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

Beijing signals stepped-up counter-cyclical monetary policy to support growth — 2 outlets

Tesla trims Model Y cash discount in second incentive move in a month; Shanghai exports top domestic sales — 2 outlets

China’s bond ETF assets top 1 trillion yuan for the first time — 3 outlets

Seres and Huawei co-develop new AITO M8; Tesla opens first dedicated Semi factory — 2 outlets

CanSemi’s online IPO subscription rate hits 0.0424% — 2 outlets

Robotechnik sets H-share issue price at HK$436 per share — 2 outlets

Guosheng Securities barred from opening new accounts for 3 months as executives fined — 3 outlets

Bessent urges Fed to stay open-minded on the US inflation outlook — 2 outlets

China pushes to build advanced manufacturing clusters to upgrade industrial base — 1 outlet

Private firms take on full-chain roles in China’s major state-backed projects — 5 outlets

Guangdong’s playbook becomes test case for navigating China-US trade tensions — 2 outlets

Shenzhen-listed firm 301122 plans major acquisition after share price surge — 3 outlets

Jitai Co says liquid-cooling silicone oil recorded zero 2026 H1 sales, still in internal validation — 2 outlets

Longda Foodstuff controlling shareholder’s stake placed under forced execution — 2 outlets

China moves to link innovation chain with industry chain in new research push — 1 outlet

Institutions advise holding A-shares through the holiday, keep tech as mid-term main line — 3 outlets

CITIC Securities calls current window the year’s last offensive opportunity in A-shares — 3 outlets

Yuexiang Holdings (CHR) changes control as voting power concentrates above 96% — 1 outlet

Four A-share stocks on limit-up streaks issue joint risk warnings — 3 outlets

Chinese mutual funds push overseas expansion into deeper waters — 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 28 September 2026 07:25 CST.

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