Daily archives: July 25th, 2016

FINTS EVENING HIGHLIGHTS (25 July 2016)

The NDRC expected the sales of commercial housing to maintain a high growth rate in the second half, and housing prices to be basically stable Just 2 million, or 18 percent, of the 11 million…


FIRST SDR-DENOMINATED BONDS TO ISSUE IN LATE AUGUST: CENTRAL BANK OFFICIAL

Special Drawing Right (SDR)-denominated bonds are expected to be issued in China’s domestic interbank market around the end of August, business magazine Caixin reported. Zhu Juan, head of the International Affairs Unit of the People’s…


LISTED BROKERAGES EXPECTED TO SEE FINANCIAL RESULTS DECLINE OVER 55%

Many securities analysts foresee that mainland-listed securities companies would deliver poorer interim financial results compared to the same period of last year, attributing to significant declines in the transaction amount of stock and funds. Mainland-listed…


CHINA STOCK MARKET ROUNDUP (25 JULY 2016)

China’s stock market closed mixed on Monday, with main indexes moving in and out of positive territory in a narrow-band session. By the close, the Shanghai Composite Index rose 0.1%, to 3,015.83 points, while the…


COMPETITION INTENSIFYING IN CHINA’S HIGH END LINGERIE MARKET

The women’s underwear market in China is expected to hit a retail value of $25 billion next year, double that of the US, and reaching $30 billion in 2020, predicts market research firm Euromonitor. In…


TAOBAO MOVING TOWARDS CREATIVE AND INNOVATIVE PLATFORM

Alibaba is working to transform and distinguish its Taobao platform from other of its company and rival platforms, according to financial news website Caixin.com. Due to the proliferation of counterfeit goods on Taobao, as well…


FINTS LUNCH TRAY (25 July 2016)

China Foreign Exchange Trade System (CFETS) said that CFETS RMB Index on July 22 closed at 95.2, increasing 0.82% from a week earlier Outstanding amount of margin financing in two exchanges as of July 22…


LEGENDARY WINS POKEMON’S MOVIE RIGHTS, MAKING NEW FILM IN 2017

Riding upon the waves of Pokemon through the mobile games market, the Pokemon company, together with Legendary Pictures, will co-produce a live-action Pokemon movie starting 2017. The new film will be based on Detective Pikachu,…


CHINA’S H1 OUTBOUND INVESTMENT TO US SURGES THREE TIMES YOY: RHODIUM

China’s outbound investments to the US surged to a record $18.4 billion in the first six months of this year, according to research firm Rhodium Group. Such rapid growth was mainly driven by Chinese private…


CHINA PROPOSES 5 MEASURES TO PUSH FORWARD YUAN’S INTERNATIONALIZATION

China will orderly press ahead with the yuan’s internationalization, said Deputy Governor of the People’s Bank of China (PBoC) Chen Yulu at the release of a report on the yuan’s internationalization by Renmin University of…


FINTS MORNING BRIEF (25 JULY 2016)

China’s Finance Minister Lou Jiwei addresses the opening of the G20 High-Level Tax Symposium and says that G20 should play a leading role in improving the international tax governance and support the development of a…