EDITORIAL

• Changes to Personal Income Tax System Must Serve Reform

FINANCE

• Local Officials Threaten Banks Reluctant to Keep Lending
• DBS Bank Plans Securities Venture in China
• Central Bank Offers More Financial Backing to Small Enterprises
• Troubled HNA Group Shuffles Assets to Raise Money

ECONOMY

• Use Dollar Bonds to Repay Debt, Developers Told
• Yuan Sell-Off Gathers Pace On Economy, Trade Fears
• Steelmaker Overstated Assets by $270 Million
• Message to China: Prepare for the Worst
• Average Value of New Mainland Listings Hits 10-Year High

BUSINESS & TECH

• 'Tinder of China' Gets Some Action in Bond Market
• Audi Moves Ahead With SAIC Partnership
• Ant Financial Taps Blockchain for International Remittances
• Retail Investors Give Xiaomi Poor Reception
• Meituan-Dianping Pares Operating Loss on Booming Revenue