COMMODITIES COMPANY NEWS Huayou Cobalt plans to invest $400 mln expanding nickel production capacity in Indonesia >>>
COMPANY NEWS POLICY & REGULATION India’s senior official expressed openness to Chinese Investments; said BYD’s $1 bn Indian plant application still valid – report >>>
MACRO POLICY & REGULATION REAL ESTATE VIEWS & ANALYSIS Politburo statement on real estate slightly exceeds expectations, the sector to remain volatile until more decisive policies – BofA Securities >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS Citi expects PetroChina to post resilient Q2 results, opens 30-day positive catalyst watch on its H-shares >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS China’s banking sector’s earnings growth likely recovered slightly in Q2 due to lower pace – JPMorgan >>>
COMMODITIES DATA Global crude steel output fell 1.1% on year in H1, China’s crude steel output grew 1.3% – world steel association >>>
COMPANY NEWS Industrial Bank’s Guangzhou branch offers coupons for rates on existing home mortgage loans >>>
DATA MACRO Hong Kong’s exports contracted for 14th consecutive month in Jun amid slowdown in global demand >>>
MACRO POLICY & REGULATION VIEWS & ANALYSIS Immediate and practice policies needed after Politburo’s pledges to support economy to sustain market momentum – Morgan Stanley >>>
BONDS COMPANY NEWS REAL ESTATE STOCKS Country Garden continues to rebound after denied report on KPMG investigation >>>
MACRO POLICY & REGULATION US Senate overwhelmingly backed legislation requiring US firms to notify governments on China investment >>>
POLICY & REGULATION China’s securities regulator stressed market stability, vowed to deepen reform and opening up >>>
BONDS COMPANY NEWS State-backed developer Sino-Ocean seeking 12-month reprieve to redeem local bond >>>
POLICY & REGULATION Qin Gang removed from post of Foreign Minister, predecessor Wang Yi takes over >>>
DATA MACRO China’s electricity consumption expected to grow by 6% – 7% in 2023, newly installed power capacity to exceed 300 mln kW for first time – industry association >>>
DATA MACRO China’s peak power load this summer to be 80 – 100 mln kW from 2022-level, power supply to remain tight – industry association. >>>
COMMODITIES Some Chinese steel mills told by authority to keep steel output in line, or below the 2022 level >>>
STOCKS Chinese A-share rallied after top leadership vowed to support economy, Shanghai Composite surged most in eight months >>>
STOCKS Hong Kong stocks staged strong rally after China’s top leadership vowed to step up policy adjustment to support economy >>>
MACRO POLICY & REGULATION REAL ESTATE VIEWS & ANALYSIS Top leadership meeting for first time expressed changes in real estate supply, demand situation; theres is room for real estate policy optimization – CICC >>>
VIEWS & ANALYSIS Citi expects Chinese property developers’ H1 core earnings to drop 32% on year, back to levels in H1 of 2014 >>>
POLICY & REGULATION REAL ESTATE STOCKS Chinese property developers in sharp rally after top leadership vowed to “optimize real estate policy at appropriate time” >>>
POLICY & REGULATION REAL ESTATE VIEWS & ANALYSIS Politburo’s signal on real estate notable, magnitude and duration unclear – Citigroup >>>