China Business Daily

30 September 2026 · 07:34 CST · Daily intelligence brief

This edition draws on 52 reports across 14 Chinese outlets.

At a Glance

  • China’s new first-home mortgage interest subsidy can cut interest payments by nearly 50,000 yuan on a 1-million-yuan commercial personal housing loan. National Business Daily, 2026-09-29.
  • The People’s Bank of China raised the support ratio for its technological innovation and industrial upgrading relending facility to 100% from 60%. finance.sina.com.cn, 2026-09-29.
  • China’s local-currency external debt accounted for 56% of the total at end-June 2026, up 1 percentage point from end-March. m.21jingji.com, 2026-09-29.

Top Stories

Company

  • GAC Group to acquire 50% of FAW Toyota via share issue at RMB5.75 per share · covered by 6 outlets
  • On September 28, GAC Group (广汽集团; a Chinese automaker) announced a plan to acquire, by issuing shares, the 50% equity stake in FAW Toyota Motor Co., Ltd. (一汽丰田; a Chinese automaker joint venture) held by China FAW Corporation Limited (a Chinese state-owned automaker), according to GAC Group. m.21jingji.com, 2026-09-29.
  • On September 29, GAC Group resumed trading and its stock opened locked at the daily limit-up with sealed buy orders exceeding 650 million yuan. National Business Daily, 2026-09-29.

  • The issuance price is 5.75 yuan per share, according to GAC Group. Securities Times, 2026-09-29.

  • Yuexin Semiconductor IPO allotment yields 358,848 winning numbers · covered by 2 outlets

  • Yuexin Semiconductor (粤芯半导体; a Chinese semiconductor manufacturer) announced that the online lottery results for its initial public offering and ChiNext listing have been published, with 358,848 winning lottery numbers and each winning number usable to subscribe for 500 A-shares, according to Yuexin Semiconductor. finance.eastmoney.com, 2026-09-29.
  • The issue price for Yuexin Semiconductor’s IPO was 12.01 yuan per share, according to Yuexin Semiconductor. National Business Daily, 2026-09-28.

  • Yuexin Semiconductor’s revenue was 1.044 billion yuan, 1.681 billion yuan, and 2.582 billion yuan from 2023 to 2025, with a compound annual growth rate of 57.30%, according to its prospectus. m.21jingji.com, 2026-09-28.

  • Changan Auto sets up AD synergy department to integrate Avatr and Deepal back-office operations · covered by 4 outlets

  • Changan Automobile (长安汽车; a Chinese automaker) confirmed it established an AD Synergy Development Department to promote strategic synergy between Avatr (阿维塔; a Chinese EV brand) and Deepal (深蓝; a Chinese EV brand), focusing on middle and back-end resource sharing, according to Changan Automobile; in the first half of 2026, Deepal’s global deliveries reached 164,200 vehicles, up 14.6% year on year, while Avatr delivered 27,600 vehicles, down 51.3%. finance.eastmoney.com, 2026-09-29.

Policy

  • China’s residential mortgage interest subsidy takes effect October 1 · covered by 4 outlets
  • The Ministry of Finance, the central bank and the National Financial Regulatory Administration jointly issued a notice on September 29 to implement a housing loan interest subsidy policy starting October 1, 2026, with a trial period of 1 year, according to the authorities. finance.sina.com.cn, 2026-09-29.
  • Eligibility requires a newly issued commercial personal housing loan to purchase a first home, excluding replacement of existing loans, and the purchased home must have a floor area of no more than 120 square meters and a price of no more than 1.5 million yuan, according to the authorities. Caixin, 2026-09-29.

  • The maximum loan amount eligible for the subsidy is 1 million yuan, the fiscal department provides an annualized interest subsidy of 1 percentage point, and the maximum subsidy period is 5 years, according to the authorities. m.21jingji.com, 2026-09-29.

  • PBOC overhauls several monetary policy tools to strengthen counter-cyclical credit support · covered by 6 outlets

  • The People’s Bank of China (中国人民银行; China’s central bank) cut the one-year pledged supplementary lending (PSL) rate by 0.25 percentage points, from 1.75% to 1.5%, according to the People’s Bank of China. People’s Daily, 2026-09-30.
  • The PSL support scope was expanded to include construction of the “six networks” — water networks, new-type power grids, computing networks, next-generation communication networks, urban underground pipe networks and logistics networks, according to the People’s Bank of China. Securities Times, 2026-09-29.

  • The relending quota for agriculture and small and micro businesses was increased by 500 billion yuan, of which the private enterprise relending quota was raised by 300 billion yuan, according to the People’s Bank of China. m.21jingji.com, 2026-09-29.

  • China adjusts vehicle and vessel tax policy, reshaping NEV incentives · covered by 1 outlet

  • China’s Ministry of Finance, State Taxation Administration and Ministry of Industry and Information Technology jointly announced that from next year the halved vehicle and vessel tax for energy-saving cars will be scrapped, along with the exemption for pure-electric commercial vehicles, plug-in (including range-extended) hybrids and fuel-cell commercial vehicles, according to the three departments. People’s Daily, 2026-09-30.

  • China expands personal pension fund categories with clearer eligibility rules · covered by 4 outlets

  • In 2022, when the personal pension system pilot was launched, the China Securities Regulatory Commission (CSRC) first included eligible pension target funds in the personal pension fund product list; in December 2024, the pilot scope expanded from 36 pilot cities to nationwide coverage. finance.sina.com.cn, 2026-09-28.

  • E Fund (a Chinese fund manager) announced it would add Y-class shares to E Fund Pantai One-Year Holding Period Mixed Fund effective September 29, 2026, according to E Fund, and as of end-June, the scale of Y-class fund products was about 28.5 billion yuan, according to Wind (a Chinese financial data provider). National Business Daily, 2026-09-28.

  • China to sharpen application focus of science and technology innovation in 15th Five-Year Plan · covered by 1 outlet

  • China’s Ministry of Science and Technology will focus its work on strengthening foundations, tackling key problems, shaping industries, benefiting people’s livelihoods, strengthening systems, and promoting cooperation, according to Minister Yin Hejun, and China has signed 120 intergovernmental science and technology cooperation agreements with more than 160 countries and regions, according to Vice Minister Zhang Guangjun. People’s Daily, 2026-09-30.

  • China’s science ministry vows zero tolerance for paper buying and academic misconduct · covered by 3 outlets

  • The Ministry of Science and Technology will keep cracking down on violations such as buying and selling papers, maintaining a zero tolerance stance and severely punishing academic misconduct, according to the Ministry of Science and Technology. National Business Daily, 2026-09-29.

  • The ministry took the lead in a special campaign to rectify retracted papers involving academic misconduct and pushed relevant departments to set up routine verification and handling mechanisms for retractions, tightening research institutions’ primary responsibility, according to Vice Minister Qiu Yong. m.21jingji.com, 2026-09-29.

  • China ramps up community science popularization programs · covered by 1 outlet

  • In 2025, the proportion of Chinese citizens with scientific literacy reached 16.74%, according to the National Bureau of Statistics. People’s Daily, 2026-09-30.

Macro

  • SAFE says China’s external debt position remained stable in Q2 2026 · covered by 2 outlets
  • At the end of June 2026, China’s full-caliber external debt balance was $2.4982 trillion, up $86.1 billion from the end of March 2026, an increase of 4%, according to the State Administration of Foreign Exchange (国家外汇管理局; China’s forex regulator). People’s Daily, 2026-09-29.

Markets

  • China property stocks rally again; Shenzhen Property A hits second limit-up · covered by 3 outlets
  • China’s real estate sector was active at the start of trading, with Shenzhen Properties Group A (深物业A; a Chinese property developer) notching a second consecutive daily limit-up. Jiemian, 2026-09-29.

  • As of September 24, more than 870 real estate-related policies had been issued nationwide, including over 280 in the third quarter, focusing on activating demand, optimizing supply and urban renewal, according to China Index Academy (a Chinese real estate research institution). Securities Times, 2026-09-29.

  • A-shares open lower as all three major indices slip · covered by 5 outlets

  • On September 28, China’s A-share market closed with the Shanghai Composite down 1.67%, the Shenzhen Component down 3.44%, and ChiNext down 4.53%, with combined turnover of 1.7 trillion yuan and over 4,500 stocks declining. m.21jingji.com, 2026-09-28.

  • On September 29, the Shanghai Composite opened 0.2% lower, the Shenzhen Component opened 0.15% lower, and the ChiNext Index opened 0.1% lower. Economic Observer, 2026-09-29.

  • Hang Seng slips 0.63%, Hang Seng Tech down 1.37% at midday · covered by 3 outlets

  • At the Hong Kong midday close, the Hang Seng Index fell 0.63% and the Hang Seng Tech Index fell 1.37%. Securities Times, 2026-09-29.
  • On September 29, the Hang Seng Index closed at 24,523.57 points, down 118.94 points or 0.48%, and the Hang Seng Tech Index closed at 4,249.62 points, down 46.38 points or 1.08%, according to Eastmoney Choice data (from Eastmoney, a Chinese financial data provider). finance.eastmoney.com, 2026-09-29.

Also Reported

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

Sources

52 source articles across 14 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

GAC Motor to acquire 50% of FAW Toyota via share issue at RMB5.75 per share — 6 outlets

China’s residential mortgage interest subsidy takes effect October 1 — 4 outlets

PBOC overhauls several monetary policy tools to strengthen counter-cyclical credit support — 6 outlets

China adjusts vehicle and vessel tax policy, reshaping NEV incentives — 1 outlet

China expands personal pension fund categories with clearer eligibility rules — 4 outlets

Yuexin Semiconductor IPO allotment yields 358,848 winning numbers — 3 outlets

China to sharpen application focus of science and technology innovation in 15th Five-Year Plan — 2 outlets

SAFE says China’s external debt position remained stable in Q2 2026 — 2 outlets

China property stocks rally again; Shenzhen Property A hits second limit-up — 3 outlets

China’s science ministry vows zero tolerance for paper buying and academic misconduct — 3 outlets

A-shares open lower as all three major indices slip — 5 outlets

China ramps up community science popularization programs — 1 outlet

Hang Seng slips 0.63%, Hang Seng Tech down 1.37% at midday — 4 outlets

Changan Auto sets up AD synergy department to integrate Avatr and Deepal back-office operations — 4 outlets

Chinese brokerages split on holding stocks or cash before long holiday — 4 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 30 September 2026 07:34 CST.

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