MARKET
Catering companies continue to rally as Chinese cities relax Covid-19 lockdowns
Shares of catering companies continue to rally as Chinese cities including Shanghai relax Covid-19 lockdowns.
China explores adding new energy projects to pilot infrastructure REITs
China is exploring adding new energy projects to its pilot scheme on real estate investment trusts (REITs) for infrastructure projects, said the National Development and Reform Commission and National Energy Administration.
China said to suspend subsidies to airlines as aviation demand picks up
China will suspend subsidies to airlines from June 4 due to a market recovery, bringing a planned two-month support to an end after only two weeks, according to sources from airlines.
Moody’s slashed China’s 2022 GDP growth forecast to 4.5% from 5.2%
Moody’s Investors Service slashed China’s GDP outlook for 2022, citing disruptions in the economic activity due to covid-related lockdowns.
Market open on Monday: A-shares, Hong Kong shares open higher; yuan’s fixing strengthens; PBOC to conduct 5 billion yuan CBS operation
Chinese A-shares ope higher on Monday, with the benchmark Shanghai Composite Index up 0.37%, the Shenzhen Component Index up 0.49% and the tech-heavy Chinext Price Index up 0.68%.