Briefly

China starts to probe US glycol ethers

The Ministry of Commerce on Monday launched an anti-subsidy probe into imports from the United States of certain monoalkyl ethers of ethylene glycol and propylene glycol, or glycol ethers. The probe is scheduled to be completed by Sept 14, 2021, but may extend to March 14, 2022, under special circumstances, the MOC said.

PBOC pumps net $34b into markets last week

China's central bank pumped a net 230 billion yuan ($33.63 billion) of liquidity into the country's banking system via open market operations last week to maintain liquidity at a reasonable and ample level. The People's Bank of China injected 620 billion yuan into the markets via reverse repo operations from Sept 7 to 11, and drained 390 billion yuan from the markets as the same amount of reserve repo agreements matured.

Innovation zones for SMEs in Guangxi

South China's Guangxi Zhuang autonomous region will set up three demonstration zones to promote innovation and entrepreneurship of small and medium-sized enterprises in Nanning, Liuzhou and Guilin. Joint investment in the projects by corporates will be 100 billion yuan ($14.6 billion).

CSRC clears 4 more IPO applications

The China Securities Regulatory Commission, the securities regulator, has cleared the initial public offering applications of Zhongyin Babi Food Co Ltd, Zhejiang Sanfer Electric Co Ltd, Guangdong Dongpeng Holdings Co Ltd and Zhejiang Walrus New Material Co Ltd on the A-share market. The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchanges, the regulator said in a statement.

Xinhua