• PBOC is said to be willing to let yuan fall to 6.8 vs USD this year, Reuters reported, citing sources
  • China’s Q1 current account surplus was revised to $39.3bln from $48.1bln; Q1 capital & financial account deficit -200m : SAFE
  • China’s outstanding foreign debt fell to $1.3645 trillion at the end of first quarter, from $1.42 trillion at the end of 2015, and short-term foreign debt stood at $849.1 billion at end-March, down from $920.6 billion at the end of last year: the foreign exchange regulator said
  • China’s foreign exchange regulator said China will maintain a sizeable surplus on its current account in the near future; China has ample foreign exchange reserves to withstand any volatility in cross-border capital flows
  • China Resources, the second largest shareholder of Vanke, said in a reply to the Shenzhen stock exchange that it and Jushenghua don’t constitute persons acting in concert. Earlier, the company said it opposed the plans to oust the property developer’s board
  • China will allow foreign institutions to carry out the management business for private securities funds: CSRS
  • The outstanding amount of China’s dollar-denominated QFII programme rose to $81.18 billion as of June 29, from $81.098 billion at the end of May
  • China’s population is likely to drop to less than 1 billion by 2100 from nearly 1.4 billion: expert
  • PBOC said in a statement that China has no intention to lift its trade competitiveness through depreciation of the RMB exchange rate, and that China’s economic fundamentals means that there is no foundation of the yuan’s depreciation in a longer time