• The China Foreign Exchange Trading Center said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan’s global status
  • China Life Insurance will invest more than $600 million into Didi Chuxing as a strategic investor
  • The CFETS RMB exchange rate index stood at 96.01 on 10 June, down 0.99 basis points wow
  • Outstanding amount of margin financing in two exchanges as of June 8 decreased 3.66 billion yuan to 834.621 billion yuan
  • PBOC will inject 40 billion yuan into the financial system via its seven-day reverse repurchase operation today. Meanwhile, maturing reverse repos will drain 40 billion yuan from the system
  • PBOC fixed RMB mid price at 6.5805, 212 basis points lower than the last fixing
  • China’s retail sales climbed 10% in May YoY, compared with a 10.1% growth in April; in the first five months, retail sales rose 10.2% YoY, down from 10.3% in the first four months: NBS
  • Fixed asset investment in the first five months climbed 9.6% yoy,  down from 10.5% in the first four months; investment by private firms rose 3.9 percent year-on-year in January-May, compared to 5.2 percent growth in the Jan-April
  • Industrial output in May grew 6% yoy, unchanged from the previous month’s figure; Industrial output in first five months rose 5.9% yoy, accelerating from a 5.8% gowth in the first four months
  • Real estate investment rose 7% yoy in the first five months, slowing from an increase of 7.2% in the first four months; Property sales by floor area grew 33.2 percent, down from 36.5 percent in January-April
  • Sheng Laiyun, spokesman for the National Bureau of Statistics at a press conference, said that China needs to further open up its state sector in order to arrest a steep slowdown in private sector investment; the employment situation was better than expected in May and that 5.77 million new jobs were created in January to May
  • China’s power generation in May was unchanged yoy at 463.6 billion KWH; power generation in the first five months rose 0.9% yoy
  • China’s crude steel production in May rose 1.8% yoy to 70.5 million tons; crude steel production in the first five months fell 1.4% yoy to 329.95 million tons
  • China’s fiscal spending soared 17.6%in May yoy, while fiscal revenue rose 7.3%; in first five months, fiscal expenditure was up 13.6% yoy, while fiscal income increased 8.3%
  • The Shanghai index was 0.78% lower by the midday break, the Shengzhen index lost 0.97% down and the ChiNext index gave up 1.51%