Cong Lin, deputy director of China’s Financial Regulatory Administration, said the regulator will leverage its guiding role to push financial institutions to speed reform and transformation and to strengthen their internal growth momentum and vitality. He said priorities include targeted/differentiated measures to optimize the financial institution framework and substantive reforms and risk resolution for local small- and medium-sized financial institutions.

58 Anjuke Research Institute: in the first seven days of September new-home transaction volumes across 13 major first- and second-tier Chinese cities exceeded year-ago levels. All four first-tier cities posted YoY gains; second-tier results were mixed, with Nanjing, Wuhan and Ningbo recording positive growth. Secondhand-market activity improved: in 12 cities tracked by the institute, secondhand sales in the first seven days of September rose YoY across the board. China Index Academy: market warmed late August–early September — week 36 (Aug 30–Sep 5) 30-city new-home sales +1.5% WoW, +20.8% YoY; 20-city secondhand sales slightly down WoW, +16.9% YoY.

PBOC will conduct overnight reverse repos on Sept 14-17 via fixed-rate, fixed-quantity tenders, with daily operations capped at 600 billion yuan.