• Bank of Communications’ financial research center predicts that the central bank is likely to lower reserve ratio in the next half year and forecasts that the GDP growth rates for the 2nd, 3rd and 4th quarter would be 6.7%, 6.7% and 6.6% respectively
  • Credit Suisse lowers Vanke’s target stock price to 10.1 yuan; Vanke closed at 18.12 yuan per share on Tuesday
  • Baoneng Group says that its debt issuance plans proceed in a well-organized manner
  • The Shanghai-based BRICS-backed New Development Bank plans to raise 3 billion yuan through a green bond issuance
  • China’s domestic air traffic will become the world’s largest within 10 years: Global Market Forecast
  • China’s energy consumption will peak at 3.75 billion metric tons of oil equivalent by around 2035: report
  • Huawei says that it has signed a MOU with Dubai South to deploy the its smart city and safe city solutions to the Dubai South’s Business Park Free Zone
  • Bank of Xi’an, the biggest urban commercial lender in northwest China says it is preparing for an IPO on one of the mainland bourse

 

China June foreign trade data is due to release today.