HOT TOPICS
China begins key party meeting to map out 15th Five-Year Plan
The fourth plenary session of the 20th Communist Party Central Committee is being held in Beijing from Oct. 20 to 23 to study proposals for formulating the 15th Five-Year Plan for national economic and social development.
Top U.S., Chinese economic officials agree to new round of trade talks
He Lifeng, a Chinese vice premier, held a video call on Oct. 18 with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. The two sides held discussions on important issues in their bilateral economic and trade relationship and agreed to hold a new round of talks.
President Trump imposes 25% tariff on imported trucks
U.S. President Donald Trump signed an executive order imposing a 25% tariff on imported medium- and heavy-duty trucks.
China accuses U.S. of cyberattack on national timekeeping center
China’s state security authority disclosed a major cyberattack by the U.S. National Security Agency (NSA) on the country’s National Time Service Center. The investigation found that from August 2023 to June 2024, the U.S. used 42 special cyberattack weapons to infiltrate high-precision ground-based timekeeping systems. The authority said it had blocked the attacks and eliminated the threat.
China’s securities regulator revises rules for listed firms
China’s securities regulator, the China Securities Regulatory Commission (CSRC), revised its code of corporate governance for listed companies, effective Jan. 1, 2026. The new rules require that the compensation of directors and senior executives be linked to company and individual performance.
China plans new rules for new-energy vehicle fires and recalls
The State Administration for Market Regulation is establishing a system for automakers to report fires involving new-energy vehicles. The top market regulator is also working with the Ministry of Industry and Information Technology to draft regulations on recalls for new-energy vehicles.
BYD recalls over 115,000 new-energy vehicles
BYD Co. Ltd. initiated a recall of 115,783 of its Tang and Yuan Pro vehicles due to faults in motor components and battery seals. The issues could lead to the failure of the vehicles’ pure electric drive mode and pose safety hazards such as water ingress into the power battery.
Chinese mutual funds cap new offerings amid hot market
Dozens of Chinese mutual funds have capped the size of their initial fundraising targets, a cautious move amid the fervor in a stock market where the Shanghai Composite Index is trading around 3,800 points.
China’s new IPO rules reward long-term investors in first test
Investors willing to hold shares for longer were big winners in the first IPO under new subscription rules for Shanghai’s STAR Market, which link lock-up periods to higher share allocation rates.
NEWS SUMMARY
Domestic
China’s finance ministry and two other departments have adjusted value-added tax policies for sectors including wind power generation.
China’s fiscal revenue grew 2.6% year-on-year in September, marking the third consecutive month of growth.
China’s cyberspace and market regulators jointly released new rules for authenticating cross-border personal data transfers.
China Bond Rating Co. Ltd. announced it will begin releasing its own unsolicited credit ratings, in a move that could challenge the grade inflation that plagues the industry.
Companies
Afari Technology, a smart mobility firm backed by Geely, has filed for an IPO in Hong Kong.
The A-share price of Agricultural Bank of China hit a new high.
