AsiaPac stocks are opening mixed after the US session gains. Perhaps the biggest news of the evening is, as China's bankiong regulator has been meeting with foreign banks to express concerns over lack of risk control around non-performing loans. As CBRC said, rather stunningly honest for a government entity, "the current situation is more severe than the time in 2008 during the financial crisis." With stocks up while commodities (Zinc) limit-down, PBOC injects another CNY50 bn and devalued the Yuan fix for the 2nd day in a row. Yesterday was a good day in Chinese stock land... with dozens of ChiNext stocks limit up... While Shanghai Zinc was limit-down, collapsing to 5 year lows... And Zinc is falling further... *ZINC DROPS 1.5% TO $1,633/MT IN LONDON, LOWEST SINCE 2010 We wonder what today will bring given that, as Bloomberg reports, China Banking Regulatory Commission has been meeting senior executives at foreign banks since mid-Aug. to express concerns over deteriorating asset quality in China, Hong Kong’s Apple Daily reports, citing unidentified people. CBRC MET FOREIGN BANKS OVER BAD LOANS IN CHINA: APPLY DAILY CBRC said the current situation is more severe than the time in 2008 during the financial crisis: report CBRC urged foreign banks that aren’t managing risk well enough to increase checks: report CBRC officials mentioned in meetings that those banks should control NPL ratio to not more than 2%: report Margin debt in China rose for the 3rd time in 4 days... *SHANGHAI MARGIN DEBT RISES THIRD TIME OVER PAST FOUR DAYS With short-selling levels on the rise. China stocks are opening flat... *FTSE CHINA A50 INDEX FUTURES LITTLE CHANGED IN SINGAPORE PBOC injected more liquidity... *PBOC TO INJECT 50B YUAN WITH 7-DAY REVERSE REPOS: TRADER And weakened the Yuan for the 2nd day in a row... *CHINA SETS YUAN REFERENCE RATE AT 6.3721 AGAINST U.S. DOLLAR * * * Of course, the big news will be Xi Jinping coming to America. The Chinese leader will land in Seattle, visit the White House and address the United Nations for the first time. His words will be parsed by economists, activists and politicians seeking answers from the world's second-biggest economy on where it stands on climate change, monetary policy and cyber espionage to name but a few hot-button issues. Here is a quick ranking of what Americans are most worried about when it comes to China: Charts: Bloomberg