YUAN TALKS

YUAN TALKS

CHINA ECONOMY & MARKET INTELLIGENCE

The Wire

Up-to-the-minute updates on China market throughout every trading day! >>>

TOP STORIES

China’s top securities regulator announced package of measures to boost Hong Kong market

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Chinese securities regulator asked IPO applicants’ tutoring brokerages, key minorities to sign undertaking on application quality – report 

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Overseas investors more optimistic about Chinese market after regulatory initiatives – research

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China’s copper futures in strong rally on supply risks, improving demand; Citi sees copper touch $10,500/t in next three months

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BofA Securities raises China’s 2024 growth forecast to 5%, expecting manufacturing, infrastructure investment to remain resilient in coming months

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China firmly opposes US investigation into maritime, logistics, shipbuilding industries

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China’s determination to keep yuan’s stability to remain unchanged, said PBOC

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China’s state planner NDRC to hold conference to promote faster project construction

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Market Open Wednesday: Hong Kong stocks, A-shares open lower; tourism companies continue to rally; Yuan’s fixing cut by 105 pips; PBOC injects net 90 billion yuan

Hong Kong stocks open higher on Wednesday, with the benchmark Hang Seng Index sliding 1.3%, the Hang Seng China Enterprises Index down 1.9% and the Hang Seng Tech Index down 2.3%.

China and Hong Kong ETF Connect to kick off on July 4, initial list of 83 mainland-listed ETFs announced

The inclusion of exchange-traded funds (ETFs) in Stock Connects linking markets in mainland China with Hong Kong will kick off on July 4, according to a joint statement by the regulators of Hong Kong and the mainland on Tuesday, ahead of the July 1 anniversary celebrating 25 years of Hong Kong’s handover to the mainland.

China’s base metals continue to rally led by tin on signs of economic recovery

China’s base metal futures continued to rally on Tuesday as China’s economy showed signs of recovering. The most-traded tin futures contract on the Shanghai Futures Exchange, for July delivery, surged by 8.5% to close at 221,860 yuan per tonne, after jumping nearly 5% in the previous trading day.

Changan Auto surges by daily limit to hit record high after launching smart EV tech platform with Huawei, CATL

China’s Chongqing Changan Automobile surges by the daily limit of 10% to hit a new record high of 20.35 yuan per share in Shenzhen, bringing its market cap to nearly 200 billion yuan. Since the end of April, the stock has jumped by more than 200%.

Market Open Tuesday: Hong Kong stocks, A-share open lower; Yuan fixing cut by 80 pips; PBOC injects net 100 billion yuan via open market operations

Hong Kong stocks open lower on Tuesday, with the benchmark Hang Seng Index down 0.38%, the Hang Seng China Enterprises Index down 0.46% and the Hang Seng Tech Index down 0.89%.

Shanghai’s transport, logistics basically returned to normal levels, said official

China’s financial and commercial hub of Shanghai has been accelerating resumption of transport and logistics after a two-month Covid lockdown was lifted on June 1 and the city’s highway, waterway, airway and railway transport volume has largely returned to normal levels before a COVID-19 outbreak hit two months ago, said an official from the Ministry of Transport on Monday.

Market Open Monday: Hong Kong stocks, A-shares open higher; Yuan fixing firms 150 pips; PBOC injects net 90 billion yuan; commodities mixed

Hong Kong stocks open higher on Monday, with the benchmark Hang Seng Index up 1.2% to approach 22,000 mark, the Hang Seng China Enterprises Index up 1.1% and the Hang Seng Tech index up 1.3%.

Beijing to allow primary, secondary schools to resume in-person classes, Shanghai declared victory over Covid

China’s capital city of Beijing said it would allow primary and secondary schools to resume in-person classes and Shanghai authority declared victory over COVID-19 after the city reported zero new local cases for the first time in two months.