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Top stories of the day -- China Stock Market -- Sept.14

2015-09-14 09:59

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1. China's central authorities on Sunday issued a guideline to deepen reforms of state-owned enterprises (SOEs), the latest move from the government to invigorate torpid SOEs. China will modernize SOEs, enhance state assets management, promote mixed ownership and prevent the erosion of state assets, according to the guideline released by the Communist Party of China Central Committee and the State Council. The guideline will be a key framework document to guide and boost SOE reforms.

2. China's fixed-asset investment grew 10.9 percent year on year to 33.9 trillion yuan (5.32 trillion U.S. dollars) in the first eight months, official data showed. Growth retreated from the 11.2 percent registered in the first seven months, the National Bureau of Statistics said on Sunday. China's value-added industrial output expanded 6.1 percent year on year in August, up slightly from 6 percent in July.

3. China's new yuan-denominated lending in August rose to 809.6 billion yuan (around 125 billion U.S. dollars), up 49 billion yuan from a year earlier, datareleased by the central bank showed last Friday. M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.3 percent year on year to 135.69 trillion yuan at the end of August.

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