China Business Daily

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

This edition draws on 50 reports across 12 Chinese outlets.

At a Glance

  • China’s new battery-industry plan sets 19 key tasks and 5 special columns across five aspects. People’s Daily, 2026-09-29.
  • China’s electronics-industry profits grew 1.1 times in January-August, contributing 62.0% of the profit growth of all above-scale industrial enterprises. National Business Daily, 2026-09-28.
  • China’s central bank gave first-time policy backing to “six networks” infrastructure, with 2026 investment estimated above 7 trillion yuan. Caijing, 2026-09-28.

Top Stories

Policy

  • China issues 15th Five-Year Plan for new battery industry, targeting 2030 all-solid-state scale-up · covered by 6 outlets
  • The Ministry of Industry and Information Technology and six other departments jointly issued the 15th Five-Year Plan for the Development of the New Battery Industry on September 28, 7 departments in total, according to the ministry and six other departments. People’s Daily, 2026-09-29.
  • The plan proposes that by 2030 China will achieve major progress in new-system battery R&D and initial large-scale application of all-solid-state batteries, and long-life lithium batteries will reach 15,000 cycles. Caijing, 2026-09-28.

  • The plan calls for building a new battery product supply system centered on lithium batteries, with sodium batteries and flow batteries developing in coordination. Yicai, 2026-09-28.

  • China’s State Council pledges new incremental policies, targeting housing stabilization and income growth · covered by 4 outlets

  • Premier Li Qiang chaired a State Council (国务院; China’s cabinet) executive meeting on September 28 that studied making macro policy more forceful and effective, promoting effective investment, heard a report on new-pollutant control, and approved the draft regulation on public-institution registration management. National Business Daily, 2026-09-28.
  • The meeting said a batch of practical incremental policies would be rolled out, including increasing re-lending quotas for technological innovation and industrial upgrading and for agriculture and small businesses, and studying policies to stabilize the real estate market and boost employment and incomes. National Business Daily, 2026-09-28.

  • In the first eight months, national general public budget expenditure reached about 60% of the total budget set at the start of the year; if budgeted fiscal expenditure is fully executed, national general public budget spending from September to December will exceed 11 trillion yuan. Securities Times, 2026-09-28.

  • PBOC and seven regulators pledge more credit for the services sector · covered by 3 outlets

  • The People’s Bank of China (中国人民银行; China’s central bank) and seven other departments jointly issued the Guiding Opinions on Financial Support for Expanding and Upgrading the Service Industry, according to the PBOC and seven other departments. Securities Times, 2026-09-28.
  • The guidance puts forward 19 pragmatic work measures, with national banks independently selecting 3-5 key directions and local legal-person banks focusing on 1-2 industries. Jiemian, 2026-09-28.

  • The guidance urges financial institutions to shift away from the traditional asset-heavy, collateral-heavy financing mindset and focus on solving financing difficulties for asset-light companies. Eastmoney, 2026-09-28.

  • PBOC Q3 policy meeting gives first-time backing to ‘six networks’ infrastructure · covered by 3 outlets

  • The People’s Bank of China Monetary Policy Committee’s third-quarter 2026 meeting proposed comprehensively using and timely adjusting monetary policy tools to keep liquidity ample so that growth in social financing and money supply matches economic growth and the expected price-level target, according to the committee. 21jingji, 2026-09-28.
  • For the first time, the meeting listed construction of the “six networks” as a key area of financial support; the “six networks” comprise the water network, new-type power grid, computing power network, new-generation communications network, urban underground pipeline network and logistics network. Caijing, 2026-09-28.
  • Wang Qing said the core task now is to effectively control the volatility of the short-end money market rate DR001 and guide it to run steadily around the policy interest rate. Eastmoney, 2026-09-28.

Macro

  • China industrial profits rise 15.7% in January-August · covered by 6 outlets
  • The National Bureau of Statistics released data on September 28 showing that in the first eight months, industrial enterprises above designated size achieved total profits of 5.27198 trillion yuan, up 15.7% year-on-year. CCTV, 2026-09-29.
  • In the first eight months, China’s above-scale industrial enterprises saw operating revenue rise 6.6% year-on-year, driving the 15.7% year-on-year profit increase, according to the National Bureau of Statistics. National Business Daily, 2026-09-28.
  • Profits of above-scale high-tech manufacturing grew 54.7% year-on-year, 39.0 percentage points higher than that of all above-scale industry, according to the National Bureau of Statistics. Jiemian, 2026-09-28.

  • In August, affected by a high base in the same period last year, the profit growth rate of industrial enterprises above designated size fell back to 4.2% year-on-year, according to the National Bureau of Statistics. People’s Daily, 2026-09-28.

  • Shandong consumer-goods trade-in applications exceed 14.3 million by mid-August · covered by 1 outlet

  • By mid-August, Shandong’s consumer goods trade-in applications exceeded 14.3 million items, driving 115.7 billion yuan in sales. People’s Daily, 2026-09-29.
  • Shandong’s ‘Good Product Shandong’ regional public brand has selected 523 brands. People’s Daily, 2026-09-29.
  • In 2025, Cao County had more than 2,800 Hanfu-related enterprises, with sales reaching 13 billion yuan. People’s Daily, 2026-09-29.

Company

  • GAC Group to acquire 50% stake in FAW Toyota, shares to resume trading · covered by 4 outlets
  • GAC Group (广汽集团; a Chinese automaker) plans to acquire a 50% equity stake in FAW Toyota (一汽丰田; a Chinese joint venture between FAW and Toyota) by issuing shares, and to raise supporting funds, according to GAC Group. National Business Daily, 2026-09-28.
  • GAC Group’s stock will resume trading on September 29, 2026. Securities Times, 2026-09-28.
  • The issue price for the share issuance is 5.75 yuan per share, according to GAC Group. 21jingji, 2026-09-28.

  • GAC Group’s half-year report showed consolidated operating revenue of over 46.5 billion yuan, up 9.13% year-on-year, and a net loss attributable to shareholders of about 4.467 billion yuan. Securities Times, 2026-09-28.

  • NIO and Geely form charging and battery-swap alliance with joint investment · covered by 3 outlets

  • NIO (蔚来; a Chinese electric-vehicle maker) and Geely Holding Group (吉利控股; a Chinese automaker) reached comprehensive strategic cooperation in the battery-swap and charging fields, according to the two companies. Sina, 2026-09-28.
  • Geely Holding Group will take a 30% stake in NIO Energy by contributing its 100% equity in Yiyi Hulian plus 640 million yuan in cash. Sina, 2026-09-28.
  • NIO Energy plans to have built a cumulative 10,000 battery-swap stations by 2030, with annual electricity demand exceeding 10 billion kWh. Sina, 2026-09-28.

  • NIO will invest in Geely Holding Group’s Haohan Energy and hold a 10% stake after the transaction. Sina, 2026-09-28.

  • Yuanlin Group to buy 93.5% of chipmaker Hualan Micro, shares resume trading · covered by 3 outlets

  • Yuanlin Group (园林股份; a Chinese listed company) plans to acquire 93.5% of Hualan Micro (华澜微; a Chinese storage-chip maker) through issuing shares and paying cash, while raising matching funds, according to Yuanlin Group. Jiemian, 2026-09-29.
  • Yuanlin Group’s stock will resume trading on September 29, 2026. National Business Daily, 2026-09-28.

  • Hualan Micro is a domestic data storage component provider with independently developed storage controller chips and array controller chips, offering chip-plus-module-plus-system-plus-solution products and services, according to Yuanlin Group. Eastmoney, 2026-09-28.

  • Zou Yingguang named chairman of CITIC Securities · covered by 3 outlets

  • CITIC Securities (中信证券; a Chinese securities firm) board elected Zou Yingguang (邹迎光; a Chinese securities executive) as chairman, legal representative, and member of the board’s nomination committee, with a term until the expiration of the eighth board, according to CITIC Securities. National Business Daily, 2026-09-28.
  • Zhang Youjun (张佑君; a Chinese securities executive) submitted a resignation report on September 28, resigning as executive director, chairman, legal representative, chairman of the board’s development strategy and ESG committee, and nomination committee member. 21jingji, 2026-09-28.

  • By the end of 2025, CITIC Securities’ full-year revenue and net profit attributable to shareholders had grown to 74.854 billion yuan and 30.051 billion yuan respectively, both ranking first in the industry, with year-end total assets reaching 2.08 trillion yuan. Yicai, 2026-09-28.

  • UCL expands into pet AI and IoT devices after September share rebound · covered by 1 outlet

  • UCL (优克联; a Chinese connectivity-services company) is expanding beyond its connectivity business into pet AI and IoT terminal areas, but the new products currently contribute no revenue. Economic Observer, 2026-09-29.
  • In August, UCL announced that its ‘Le Chong Ta’ brand launched a pet AI agent. Economic Observer, 2026-09-29.

  • In mid-September, the stock price rebounded by more than 10% at one point under the catalyst of the IoT sector. Economic Observer, 2026-09-29.

  • Dugen Core Optoelectronics IPO accepted by Shenzhen Stock Exchange · covered by 1 outlet

  • On September 29, 2026, the Shenzhen Stock Exchange (深交所; a Chinese bourse) disclosed the draft prospectus of Dugen Core Optoelectronics Technology (Suzhou) Co., Ltd. (度亘核芯; a Chinese optoelectronics maker) and formally accepted the company’s IPO application. Economic Observer, 2026-09-29.

  • Dugen Core Optoelectronics plans to list on the ChiNext board, with total shares publicly offered no less than 43,374,534 shares and no more than 130,123,599 shares, representing no less than 10% and no more than 25% of total share capital after the public offering. Economic Observer, 2026-09-29.

  • Greenland Technologies wins Nasdaq delisting compliance extension, shares recover · covered by 1 outlet

  • On September 10, Greenland Technologies (格陵兰科技; a Nasdaq-listed company) received an additional 180-day compliance extension, extending the deadline to March 8, 2027, according to Nasdaq. Economic Observer, 2026-09-29.
  • By September 22, GTEC had regained compliance with the minimum bid price requirement due to its earlier stock price rally, according to Nasdaq. Economic Observer, 2026-09-29.

Trade

  • China’s excavator exports overtake domestic sales in January-August · covered by 1 outlet
  • From January to August this year, China’s cumulative excavator export volume exceeded domestic sales, with exports up 31.8% year-on-year, far outpacing domestic sales growth, according to the China Construction Machinery Association. National Business Daily, 2026-09-29.
  • Industry insiders say overseas demand is recovering, with strong mining development demand in Asia, Africa and Latin America, combined with urbanization infrastructure investment, driving continued growth in medium and large excavator demand. National Business Daily, 2026-09-29.

Property

  • Shenzhen property data show mixed signals one month after ‘8·28’ policy · covered by 1 outlet
  • From September 1 to September 27, Shenzhen’s combined first- and second-hand residential transactions were 6,442 units, up 1.1% year-on-year, with first-hand transactions at 2,350 units and second-hand at 4,092 units. Sina, 2026-09-29.
  • Beike Research Institute data shows that from August 29 to September 19, new customer leads for Shenzhen second-hand housing rose 8.1% sequentially versus the 22 days before the ‘8·28’ property policy, and property viewings rose 19%. Sina, 2026-09-29.
  • As of September 27, Leyoujia store second-hand housing contract signings rose 32% year-on-year, and second-hand viewings rose 21% year-on-year. Sina, 2026-09-29.

Markets

  • A-shares fall as ChiNext drops 4.53% on September 28, over 4,500 stocks decline · covered by 3 outlets
  • On September 28, the Shanghai Composite Index fell 1.67%, the Shenzhen Component Index fell 3.44%, and the ChiNext Index fell 4.53%. Jiemian, 2026-09-28.
  • Market-wide, 898 stocks rose and 4,554 stocks fell, with 35 hitting the daily limit up and 57 hitting the daily limit down. Jiemian, 2026-09-28.
  • Turnover across the Shanghai and Shenzhen markets was about 1.702799 trillion yuan, up about 49.442 billion yuan from the previous trading day. Jiemian, 2026-09-28.

  • At the midday close on September 28, more than 4,800 stocks fell and half-day turnover exceeded 1.1 trillion yuan. Securities Times, 2026-09-28.

  • Over 70 new funds set for October launch as issuance accelerates · covered by 1 outlet

  • 72 funds are scheduled for launch in October, mainly equity funds and equity-inclusive “fixed income plus” products. National Business Daily, 2026-09-29.
  • The probability of a Federal Reserve rate hike in October is 70.9%. National Business Daily, 2026-09-29.

Also Reported

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

Sources

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

China issues 15th Five-Year Plan for new-type batteries, backing mergers of leading makers — 6 outlets

China industrial profits rise 15.7% in January-August — 6 outlets

GAC Group to acquire 50% stake in FAW Toyota, shares to resume trading — 5 outlets

China’s State Council pledges new incremental policies, targeting housing stabilization and income growth — 4 outlets

NIO and Geely form charging and battery-swap alliance with joint investment — 3 outlets

Yuanlin Group to buy 93.5% of chipmaker Hualan Micro, shares resume trading — 3 outlets

PBOC and seven regulators pledge more credit for the services sector — 3 outlets

PBOC Q3 policy meeting gives first-time backing to ‘six networks’ infrastructure — 3 outlets

China’s excavator exports overtake domestic sales in January-August — 1 outlet

Guangzhou’s ‘8-28’ property stimulus shows mixed results one month in — 2 outlets

Over 4,500 A-shares fall as ChiNext and STAR indices plunge more than 4% — 3 outlets

Zou Yingguang named chairman of CITIC Securities — 3 outlets

uCloudlink pushes into pet AI and IoT devices after September share rebound — 1 outlet

Dugen Core Optoelectronics IPO accepted by Shenzhen Stock Exchange — 1 outlet

Over 70 new funds set for October launch as issuance accelerates — 1 outlet

Shandong pushes to unlock consumer spending, People’s Daily reports — 2 outlets

Greenland Technologies wins Nasdaq delisting compliance extension, shares recover — 1 outlet

MiniMax releases M3.1 model; Xibei founder’s son buys into group unit — 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 29 September 2026 07:28 CST.

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