MNI China Daily Summary: Monday, July 29

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MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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EU to Launch Naval Mission in Red Sea on Monday

FREIGHT

The European Union will launch its naval mission in the Red Sea on Monday targeted at defending commercial ships from ongoing Houthi revel attacks, two senior EU sources told Argus.

  • The operation, under the name Aspides, will involve three frigates chair of the EU parliament's delegation for relations with the Arab Peninsula, told Argus.
  • The mission is initially planned for one year and will operate in the areas of the Bab el-Mandeb, the Strait of Hormuz, as well as international waters in the Red Sea, the Gulf of Aden, the Arabian Sea, the Gulf of Oman and the Arabian Gulf, according to the EU Official Journal.
  • Germany and Belgium announced they will send a frigate each to join the mission, as will Italy.
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