MNI China Daily Summary: Monday, July 1

MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

Services Inflation Potentially A Touch Softer; Food Prices Jump

Nominal Wage Growth Moderates In April, But Real Wages Remain Positive

MNI Projects 2.2-2.3% Y/Y National CPI, Core CPI Around 2.9%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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China Postal Savings Leads Banks' Profit Growth in 2020: Newspaper

CHINA PRESS
MNI (Sydney)

Postal Savings Bank of China led the country's top six national banks with 5% growth in net profits last year, followed by Bank of China with 3% while the other four including ICBC registered around 1%, the 21st Century Business Herald reported citing the annual reports. Profits of the six majors totaled CNY1.34 trillion, it said. The China Construction Bank saw its NPL rise by 0.14 percentage point to 1.56%, and increased provisions dragged its profit growth to 1.6% from 5.3% in the previous year, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
Energy BulletsCommodities
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
Energy BulletsCommodities

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