DATA

US, Europe-domiciled active funds continued to rebalance away from Chinese, Hong Kong equities in Jun – Morgan Stanley 

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Shenzhen city’s office vacancy exceeded 24% for first time since end of 2020

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China’s new home sales slid 30% on year in Jun; weak recovery in property market to continue in second half – CICC

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Hong Kong PMI remained in expansion for 6th straight months in Jun, growth rate slowed

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Northbound trading turnover of Bond Connect jumped over 30 times since launch 

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China’s service activities grew at slower pace in Jun – private survey

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China Vanke’s contracted sales by floor area slid 18.6% on year in Jun

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China Bulk Commodity Index rose for 2nd straight month in Jun, commodity supply and demand both improved – industry association

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China’s rail, air passenger trips this summer to exceed 2019-levels, air ticket price likely to be 5% higher

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Total 23 Chinese homebuilders plan to raise 95.8 bn yuan via private placements after authorities lifted ban – research

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Listing price of second-hand homes in China’s major cities fell 0.54% on month in June – research

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Property developer Kaisa Group said its property delivery in H1 reached full-year volume in 2022

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Hong Kong retail sales grew at faster pace in May, more improvement expected in coming months

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China’s cross-border travel booming, visa applications for overseas travel expected to exceed 2019-level – travel agency 

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China’s factory activities grew at slower pace in June, economic recovery weaker than expected – private survey

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