Southlink is a mechanism for mainland institutional investors to invest in the Hong Kong bond market through a link between the mainland and Hong Kong basic services institutions. Since its launch one year ago, Southbound Connect has witnessed a growing trading volume and increasingly active investors, which not only increases the investment channels for mainland institutional investors, but also helps to steadily promote the two-way opening of China's financial market.

As of the end of August, China Everbright Bank, a national joint-stock commercial bank, had steadily increased its loans to support the agricultural sector, poverty alleviation and rural revitalization in the country.

The Export-Import Bank of China (China EximBank) offered 1.25 trillion yuan (about 178.78 billion U.S. dollars) in loans to the foreign trade industry in the first eight months of 2022, up 26.03 percent year on year.

Key takeaways Bank funding sources have been shifting: from cross-border to local funding, which enhances stability, and, within cross-border funding, from inter-office to unrelated sources, increasing volatility. Shifts in the funding mix of local banking systems stem from the declining share of foreign banking offices, which rely more heavily than domestic offices on cross-border and inter-office funding. The retreat of foreign banking offices has increased the concentration of nationalities in local banking systems, which is associated with heightened funding volatility.

Increased risk-management activity drives derivatives volume Broad pickup in securities market turnover value

China State Construction Engineering Corporation Limited ("CSCEC", 601668.SH) released the Annual Report 2021 (English Version) on its official website. This is third English regular report released by CSCEC in a row to meet the needs of international investors and partners. CSCEC's 2021 annual performance indicators hit record highs again. The Company achieved a total operating revenue of RMB1.89 trillion and net profit attributable to the parent company of RMB51.41 billion for the year of 2021, a YOY increase of 17.1% and 14.4% respectively. CSCEC ranked 13th in Fortune Global 500 in 2021.

The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 6.2 basis points to 1.463 percent Thursday.

In June, the executive meeting of the State Council announced an increase of 800 billion yuan ($116.8 billion) in policy banks' lending quotas and 300 billion yuan of financial bonds to replenish major project funds. Moreover, it repeatedly called on more capital investment and financial support for key areas and weak links.

The per capita disposable income of residents in the province increased from 12,772 yuan (about 1,865 U.S. dollars) in 2012 to 26,811 yuan in 2021, and 7.19 million impoverished residents in Henan were lifted out of poverty.

Singapore Exchange (SGX Group) today released its market statistics for July 2022. Growth in iron ore trading activity lifted commodity derivatives volume to a four-month high, while secondary fundraising increased despite challenging market conditions.

East China's Jiangsu Province reported an 11.5 percent increase in foreign trade in the first seven months to 3.14 trillion yuan (about 465.8 billion U.S. dollars), official data showed.

The balance of China's yuan-denominated loans increased by 679 billion yuan ($100.7 billion) in July