PBOC Deputy Governor Xuan Changneng attended the Bank for International Settlements (BIS) meeting of central bank governors in Basel on Sept. 6-7, 2026. Governors exchanged views on the global economic and financial outlook, central-bank responses to supply shocks, challenges from rapid AI-driven technological change and a volatile external environment for monetary policy, and on policy communication. During the meeting Xuan held bilateral talks with several governors to discuss issues of mutual

Overnight Middle East tensions pushed oil higher and U.S. indices fell, while the China Golden Dragon Index plunged. Hong Kong stocks have fallen 333 points over two days; the Hang Seng opened up about 10 points at 25,328 but slid as much as 155 points to 25,161 intraday and briefly breached the 100-day moving average before stabilizing after domestic data. At midday the Hang Seng was roughly flat, Hang Seng Tech down 0.58%, with turnover HKD 107.31 billion. Sector action: optical communications, PCB and coal outperformed; semiconductor equipment, computer hardware, defense and heavy machinery staged sharp rebounds; power equipment, ports & shipping and medical devices ticked higher. Consumer weakness: apparel, online healthcare and restaurants plunged; autos extended losses; gaming software, sporting goods, publishing and retail weakened. Notable stock moves: Youdi Robotics (03231.HK) jumped nearly 160% on debut, Xizhi Technology-P (01879.HK) +20%+, Weichai Power (02338.HK) +6.5%, Lenovo Group (00992.HK) +5.5%; Haidilao (06862.HK) -9.5%, Li Ning (02331.HK) and JD Health (06618.HK) each down >5%.

OpenAI CFO said the company is considering reforming its charging model, testing performance-based pricing and gradually moving away from usage-based billing to compete with lower-priced open-source models.