Hi everyone. I’m Stephanie LI.
大家好，我是主持人李莹亮。
Coming up on today’s program.
重点提要
Hang Seng Index slightly rebounded after plunging to the lowest in nearly a year on Monday;
Online lender Huabei is to share credit records with the central bank.
Here’s what you need to know about China in the past 24 hours
中国经济要闻
A “Black Monday” hit the Hong Kong stock market, as it plummeted to a one-year low right before the mid-autumn festival.
The Hang Seng Index shed 3.3 percent on Monday, weighed down by property, insurers and tech companies, as the benchmark index retreated to the lowest level in nearly a year.
Hong Kong real estate companies took the brunt of selling as traders speculated China will extend its property clampdown to the financial hub, with the Hang Seng Property Index tumbling 6.7 percent for its biggest drop since May 2020. Henderson Land plunged 13 percent and Sun Hung Kai Properties sank 10 percent, the most since 2012. Intensifying concerns about China Evergrande Group’s debt crisis dragged down everything from bank stocks to Ping An Insurance and high-yield dollar bonds. One little-known Chinese property developer plunged 87 percent before shares were halted.
The tech sector was also sluggish as multiple internet giants dropped, including Tencent, Kuaishou, JD.com and Bilibili. The Hang Seng Tech Index lost 2.8 percent.
Experts said that the fluctuation of the Hong Kong stock market are the result of overseas investors’ excessive worries over the domestic economy and policies, especially in the property markets. In the U.S., the coming Federal Reserve meeting that could provide clues on the central bank’s timeline for cutting stimulus package also infected global markets.
However, the drops in major overseas stock indexes are unlikely to have a huge impact on China’s A-share market, thanks to its relative independence and adequate liquidity, analysts said. The A-share market will continue to be the major channel for household investment in the mid-to-long term, with healthcare, new energy, technology and consumption providing the most opportunities.
中秋佳节前夕，港股却遭遇了“黑色星期一”，开盘直接“跳水”，恒指收盘大跌3.3%，接近一年来的新低。
内房股跌势最为凌厉，其中新力控股暴跌87%。数只香港老牌地产公司大跌，恒基跌13.2%，新鸿基跌10%，新世界跌12.3%。
此外，内地保险股也受到影响。友邦保险下跌4.94%，近期一直股价不振的中国平安再跌5.8%。恒生科技指数也不能幸免，全日大跌2.8%。科技公司腾讯、快手、京东和bilibili股价均下跌。
专家表示，海外市场对于政策的推进仍处于初期的恐慌阶段，此外，美联储即将召开议息会议，美国财政部国债上限问题需要落地，都造成了港股震荡。
至于环球市场对于A股市场走向的影响，业内人士认为，虽然A股短期或面临调整压力，但市场中长期向上趋势不改，医疗、新能源、科技和消费等板块前景向好。
Greater Bay Area, Greater Future
新使命，大未来
The long-awaited expansion of Bond Connect that allows mainland investors to trade offshore bonds in Hong Kong will bring as much as 300 billion yuan to the Asian financial hub a year, a state-owned lender predicted. The launch of the southbound leg of Bond Connect is set on Friday.
中国银行预测，南向债券通允许中国大陆投资者在香港交易离岸债券，每年将为香港带来高达3000万人民币的收入。南向通即将在本周五正式上线。
Update on COVID-19
疫情简报
The Chinese mainland reported 16 new local cases yesterday. Fujian reported 13 cases, amounting to 418 since the recent outbreak from September 10. Also, Harbin, the capital of Heilongjiang Province, reported 3 local infections. The city has shut down schools and indoor entertainment venues.
全国昨日新增16例本土确诊病例（福建13例，黑龙江哈尔滨市3例）。自9月10日以来，福建省累计报告本土新冠肺炎确诊病例418例。哈尔滨已要求影院、洗浴等空间相对密闭场所暂停营业，并宣布从9月22日起，全市幼儿园、中小学校各年级停止线下教学一周。
Next on industry and company news
产经消息及公司新闻
Nearly 20 local governments in China announced plan to issue digital vouchers during the 3-day holidays to boost consumer spending, with a total amount of about 1 billion yuan. Hubei province issued vouchers that worth 600 million yuan in the past week, and Zhengzhou city gave out 55 million yuan worth of vouchers, in an effort to help local catering industry.
今年中秋小长假期间，近20个省、市、区（县）宣布发放消费券，总金额约10亿元。发放额度最大的当属湖北省，在9月17日发放了首批2亿元消费券后，9月20日湖北再次发放4亿元消费券，总量远超第一批。同时遭受暴雨和疫情冲击的郑州，在中秋节前后，投入5500万元发放“外卖复苏消费券”，助力本土餐企复工复产。
The credit standing of Huabei users is to be included in the central bank’s credit records, a move that will affect their future borrowing should they have overdue loans with Chinese fintech giant Ant Group’s virtual credit card.
今天，花呗公告接入征信工作的最新进展。公告显示，在央行征信管理部门的指导下，花呗正逐步推进接入央行征信系统的工作。
China is tightening a crackdown on tax evasion targeting the entertainment industry following several high-profile cases. The State Taxation Administration (STA) said it will beef up supervision and conduct regular inspections of top entertainers including online influencers and their businesses.
近日，国家税务总局办公厅发出通知，要求进一步加强文娱领域从业人员税收管理。通知提出，进一步加强文娱领域从业人员日常税收管理，对明星艺人、网络主播成立的个人工作室和企业，要辅导其依法依规建账建制，并采用查账征收方式申报纳税，依法依规加大对文娱领域偷逃税典型案件查处震慑和曝光力度。
China is still the only middle-income economy in the list of the world's top 30 most innovative economies, according to a report released by the World Intellectual Property Organization (WIPO) on Monday. China has moved up to 12th this year from 14th, and is now knocking at the door of top 10.
9月20日，世界知识产权组织（WIPO）在日内瓦发布了2021年全球创新指数（GII）。中国延续了去年取得的进步，排名升至全球第12位，仍是前30位中唯一的中等收入经济体。自2013年以来，中国的GII排名稳步上升，已经确立了作为全球创新领先者的地位，接近前十名。
Switching gears to the financial sector
金融市场要闻
The ""winner-takes-all"" attribute of large financial technology companies may trigger a market monopoly and reduce innovation efficiency, said Yi Gang, Governor of the People's Bank of China (PBOC). He noted that all financial activities should be supervised and financial businesses must be operated with licenses.
9月18日，中国人民银行行长易纲在会议致辞表示，大型金融科技公司“赢者通吃”的属性可能引发市场垄断、降低创新效率。他表示，中国监管当局也在努力平衡好鼓励发展和防范风险的关系。金融活动全部纳入金融监管，金融业务必须持牌经营。
Cross-border settlements in the Chinese currency totaled 28.39 trillion yuan in 2020, up 44.3 percent from the previous year and reaching a record high, according to the PBOC.
9月18日，中国人民银行发布了《2021年人民币国际化报告》报告显示，2020年，人民币跨境收付金额较快增长，银行代客人民币跨境收付金额合计为28.39万亿元，同比增长44.3%，收付金额创历史新高。
Wrapping up with a quick look at the stock market
最后来看股市收盘情况
Chinese stocks closed mixed on Wednesday with the benchmark Shanghai Composite Index up 0.4 percent, at 3628 points. The Shenzhen Component Index closed 0.57 percent lower at 14277 points.
周三A股股市涨跌不一，截至收盘，沪指涨0.4%，报收3628点；深成指跌0.57%，报收14277点。
Biz Word of the Day
财经词汇划重点
The Global Innovation Index (GII) ranks the innovation ecosystem performance of economies around the globe each year while highlighting innovation strengths and weaknesses and particular gaps in innovation metrics. It comprises around 80 indicators, including measures on the political environment, education, infrastructure and knowledge creation of each economy.
全球创新指数每年对全球各经济体的创新生态系统表现进行排名，同时指出创新方面的强弱以及创新指标上的具体差距。该指数由大约80个指标组成，包括对每个经济体的政治环境、教育、基础设施和知识创造的衡量。
（欢迎大家提供意见和反馈，请联系主播李莹亮：liyl@21jingji.com）
Executive Editor: Sonia YU
Editor: LI Yanxia
Host: Stephanie LI
Writer: Stephanie LI, ZHANG Ran, TIAN Chang
Producer: XIANG Xiufang
Sound Editor: ZHANG Ran, Andy YUAN
Graphic Designer: ZHENG Wenjing, LIAO Wanni
Co-produced by 21st Century Business Herald Dept. of Overseas News & SFC Audio/Video Dept.
Presented by SFC
编委: 于晓娜
策划、编辑：李艳霞
播音：李莹亮
撰稿：李莹亮、张然、田畅
监制：向秀芳
音频制作：张然、袁思杰
设计：郑文静、廖苑妮