China plans to provide $31 million of humanitarian aid to Afghanistan. Lianjia intends to close a fifth of its offices in Shenzhen. Sany Group’s wind power unit gets the green light for its Shanghai IPO. Plus, more about China’s new national pension insurance company.

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There is no large monetary base gap in China, a senior official at the central bank says. After-school tutoring companies must register as nonprofits entities by year-end. The country kicks off a nationwide pilot program to trade green power. Plus, China gives Covid-19 shots to more than 1 billion of its entire population.

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China may expand stock connect programs to Hong Kong and London. Hong Kong will allow Chinese mainland and Macao residents to enter the city without going through mandatory quarantine. Prosecutors drop a case against a former Alibaba manager accused of sexually assaulting a female colleague. Plus, Evergrande pays back its paint supplier in property.

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China’s support for the private economy has not changed and will not change in the future, Vice Premier Liu He says. At least 10 of China’s large or midsize listed banks report a rise in their NPL ratios. JD.com’s founder steps back from day-to-day operations. Plus, the German ambassador to China dies. If you haven’t already, click here to sign up for this briefing.

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