EDITORIAL

• Editorial: Government, Public Must Grasp Essence of Personal Income Tax Reform

FINANCE

• Structured Deposits Wax as Wealth Management Products Wane
• Ex-Regulators Fill Top Posts at Ant Financial
• Central Bank Gets More Power in Government Shake-Up
• China to Allow Foreign Control of Securities Firms
• Huarong Denies Media Report of CEFC China Equity Investment

ECONOMY

• Factory Activity Growth Picks Up on Solid Demand
• China Doesn't Want Trade War but Will Defend Itself, Minister Says

BUSINESS & TECH

• Li Ka-shing Retires, Ending an Era
• LeEco Listed Unit Chairman Resigns
• HNA Misses Fuel Bill Payments Amid Liquidity Concerns
• Ofo Keeps Pedals Moving With New Funding
• No Room to Rest in China's 'Toilet Revolution'