MNI China Daily Summary: Thursday, July 11

MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

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

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

Core Goods Above-Expected, But Headline Weakest Since Pandemic(2/2)

CPI Miss Driven By Comprehensively Slower Services Inflation (1/2)

MNI: US JUN CPI UNROUNDED M/M -0.056%, CORE 0.065%

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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MNI BRIEF: Shenzen Wealth Management Connect Tops 100 Mn Yuan

MNI (Singapore)

The Shenzhen branch of China's central bank said 20 banks in Shenzhen city have opened 5,079 accounts and processed CNY104 million in cross-border fund transfers under the Wealth Management Connect scheme in the first month after launch, according to a note sent to MNI by the branch.

The scheme, which permits residents of nine cities in Guangdong province to buy investment products sold by banks in Hong Kong and Macau and vice versa, has seen active trading on both sides, though investors show differentiate appetite.

Mainland investors prefer and purchased CNY 14.59 million deposits and funds, while investors in Hong Kong and Macau prefer and purchased CNY39.59 million of domestic wealth management products and funds.

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