MNI BRIEF: China’s Aug Loan Prime Rate Unchanged

MNI China Daily Summary: Monday, Aug 19

CORRECTED-MNI RIKSBANK WATCH: August Cut On Cards

MNI: PBOC Net Drains CNY22.4 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1415 Mon; +1.99% Y/Y

CHINA PBOC CONDUCTS CNY52.1 BILLION VIA 7-DAY REVERSE REPOS MON

Headline Consumer Sentiment Softens, House Price Expectations Rise Further

EZ/UK Bond Supply Calendar: Finland Syndi; Green Bunds Due Tues

CBRT Data Watch

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Press Digest Aug 20:Entry, Revenue, U.S. Cooperation

MNI (BEIJING)
MNI picks key stories from today's China press
Policy NewsCentral Bank NewsPBOCHomepageAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaStoryRegion

(MNI) - Highlights from Chinese press reports on Tuesday:

  • China saw 17.2 million foreigners enter the country from January to July this year, up 129.9% y/y, according to the National Immigration Administration. In total, 5.9 million foreign tourists entered Hainan from Hong Kong and Macao using the recently introduced visa-free policy, 21st Century Business Herald reported. Liu Haitao, deputy director at the National Immigration Administration, said Chinese grown fruit and vegetables can now reach Europe 30 days earlier than sea transportation using train freight after fast channel inspections opened.
  • China’s sales revenue in eastern and western regions grew by 5% y/y in July, with Guangdong, Shanghai and Zhejiang up 5.8%, 5.9% and 7.8%, according to VAT invoice data released by the State Administration of Taxation. Industrial enterprises nationwide saw revenues grow 6% y/y, with high-tech industries and aviation equipment manufacturing increasing by 13.3% and 14.6%. Huang Lixin, director at the State Administration of Taxation, said the results showed China’s economy was stable and improving. (Source: Securities Daily)
  • The People’s Bank of China and the U.S. Treasury Department agreed to strengthen further China-U.S. financial stability cooperation during a recent Financial Working Group meeting. The meeting was co-chaired by Xuan Changneng, deputy governor of the PBOC, with both sides communicating constructively on issues including financial stability and supervision, securities and capital markets, cross-border payments, and international financial governance. (Source: Yicai)
226 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

(MNI) - Highlights from Chinese press reports on Tuesday:

  • China saw 17.2 million foreigners enter the country from January to July this year, up 129.9% y/y, according to the National Immigration Administration. In total, 5.9 million foreign tourists entered Hainan from Hong Kong and Macao using the recently introduced visa-free policy, 21st Century Business Herald reported. Liu Haitao, deputy director at the National Immigration Administration, said Chinese grown fruit and vegetables can now reach Europe 30 days earlier than sea transportation using train freight after fast channel inspections opened.
  • China’s sales revenue in eastern and western regions grew by 5% y/y in July, with Guangdong, Shanghai and Zhejiang up 5.8%, 5.9% and 7.8%, according to VAT invoice data released by the State Administration of Taxation. Industrial enterprises nationwide saw revenues grow 6% y/y, with high-tech industries and aviation equipment manufacturing increasing by 13.3% and 14.6%. Huang Lixin, director at the State Administration of Taxation, said the results showed China’s economy was stable and improving. (Source: Securities Daily)
  • The People’s Bank of China and the U.S. Treasury Department agreed to strengthen further China-U.S. financial stability cooperation during a recent Financial Working Group meeting. The meeting was co-chaired by Xuan Changneng, deputy governor of the PBOC, with both sides communicating constructively on issues including financial stability and supervision, securities and capital markets, cross-border payments, and international financial governance. (Source: Yicai)