Chinese banks in strong rally on expectation of recovery in earnings, valuation
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Here are some delayed updates about Chinese economy and financial market.
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China’s retail industry in expansion for 5th consecutive month in May – industry body
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China’s passenger car sales rose 58% on year in Apr, NEV sales rose 87%
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China approved proposal on accelerating development of clusters of advancers industries
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China’s steel prices expected to remain weak in May, no significant improvement in steel demand yet – state planner NDRC
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PBOC drained net 691 bn yuan liquidity from market this week
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China Overseas saw contracted sales surge 67% on year in Apr, Sunac China’s sales slumped 40.6%
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Hong Kong retail sales to recover further driven by increase tourists from mainland China – JPMorgan
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Shanghai’s new home transactions slide 22% in April from previous month – property agency
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Global financial decoupling almost impossible – HKMA chief Eddie Yue
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China to launch this year’s second round of pork purchase for state reserve to support hog prices – state planner NDRC
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Hong Kong stocks closed higher, mainland property developers, tech companies rallied
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China’s urban transit lines nationwide carried 2.53 bn passenger trips in Apr, surging 95.8% on year
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China’s per capital tourist spending during May Day holiday slid 15.4% from 2019-level – travel agency report
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Chinese solar panel makers slid after US repeals solar panel tariff suspension
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Ping An Insurance hit new high since Jul 2021, market cap back above 1 trillion yuan mark
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China’s electricity consumption expected to grow about 6% this year – industry association
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China’s service activity grew at slower pace in Apr – private survey
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China Unicom to proceed with spin-off listing of China Unicom Smart Connect Technology
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SK Hynix to expand legacy chip production capacity in China – report
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China approved safety of a gene-edited soybean, its first approval of the technology in a crop
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Hong Kong retail sales posted record growth on record in Mar amid influx of tourists
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Chinese automakers trade higher on Apr delivery data, Tesla price hikes
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China’s consumption-related industries’ sales revenue rose 24.4% on year in May Day holiday – tax administration
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China’s mobile phone output fell 7% on year in Q1, computer fell 22.5%, IC output fell 14.8% – official data
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Hong Kong’s rate to rise slowly, US banking issue not to affect Hong Kong financial system – HKMA chief executive
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Australia’s exports to China surged to record highs in March
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Chinese gold companies rally as gold price climb amid market concerns about US banking crisis and debt ceiling
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Chinese railway, highway shares rally as holiday passenger trips, tourism and catering stocks tumble as tourist spending not strong enough
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China’s manufacturing activities slipped into contraction in Apr – private survey
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Hong Kong raises base interest to fresh 15-year high after rate hike by US Fed
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China, US to boost passenger airline flights to 12 weekly round-trip flights – USDOT
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Egypt considers approving currencies of China, India and Russia to reduce need for dollars – official
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China’s electricity supply expected to remain tight this year, some regions may face power shortage during peak period – state media
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China’s holiday passenger trips surged 163% on year, tourist trips up nearly 20% from 2019-level
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China’s domestic travel bookings during May Day holiday exceeded peak in Spring Festival holiday – Tongcheng Travel
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China’s domestic travel booking for May Day holiday doubled that in Spring Festival holiday – Fliggy
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Hotpot chain Haidilao saw customers in mainland China surge 65% on year in first three days of holiday
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Yum China rally in Hong Kong after Q1 earnings beat expectations
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Chinese property developers continue sliding in Hong Kong amid concerns over the sector’s financial health
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China’s steel industry slipped deeper into contraction in Apr amid weak demand – industry association
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China’s factory activity slipped back into contraction in Apr, non-manufacturing sector grew at slower pace
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China’s consumption rose significantly on first day of Labor Day holiday – commerce ministry
Chinese major retailers and catering companies saw their total sales on April 29, the first day of the five-day Labor Day holiday,
Overseas investors sold net 6.6 bn yuan of A-shares last week, second-highest this year
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Recovering, expanding demand is key to sustained economic growth – China’s top leadership
Recovering and expanding demand is the key to the sustained and positive economic growth, said the Politburo, the top decision-making body of
China’s three largest airlines reported narrower loss in Q1 as travel demand picked up
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China’s GDP grew 4.5% on year in Q1, production and consumption picked up in Mar
China’s GDP grew by 4.5% in the first quarter from a year earlier to 28.5 trillion yuan, according to data released by
China starts three-day military exercises after Taiwan leader’s meeting with US House Speaker
China has started three days of military exercises around Taiwan after the island democracy’s president met the US House Speaker in defiance of Beijing’s warning.
BYD Company extended discounts on car models Seal, Song Plus in China
Chinese electric vehicle maker BYD Company is extending the discounts offered for the Seal and Song Plus amid the heigh of a
Airbus announced purchase agreement for 160 aircrafts, a second assembly line in Tianjin during French President’s trip to China
Airbus announced a purchase agreement to supply 160 commercial aircraft to a Chinese partner and a second assembly line in Tianjin during