Trial now
ASIA

Coming up in the Asia-Pac session on Tuesday:

MNI

Coming up in the Asia-Pac session on Tuesday:

US OUTLOOK/OPINION

GS: Payrolls Doesn't Change Faster Taper & First Hike In June Call

USDCAD TECHS

Bull Theme Remains Intact

US TSYS

Strong Stocks, Rebound for Oil Weighs on Tsys

EURJPY TECHS

Trend Signals Still Point South

MNI (London)
     BEIJING (MNI) - The following are highlights from Chinese press reports on
Wednesday:
     Foreign capital has largely flowed into China via the Bond Connect scheme,
with CGBs becoming more popular for international investors seeking hedging
risks, Shanghai Securities Journal reported today. Foreign investors brought
CNY35.6 billion of China bonds via Bond Connect in April, a rise of 60% m/m, the
newspaper said citing data by China Central Depository & Clearing. As of April,
foreign investors held CNY1.11 trillion of CGBs, 70% of their total holdings of
Chinese bonds, followed by policy bank bonds, the paper said citing CCDC data.
     The PBOC aims to boost market confidence via small liquidity adds via
reverse repos this week, although with no plans to loosen liquidity via larger
liquidity injections, said China Securities Journal today. Generally, the PBOC
does not inject liquidity at the beginning of a month, as month-end fiscal funds
already add, the newspaper added.
     Consultation is the way to solve trade frictions, and it is imperative that
the U.S. should work with China to reach a win-win agreement based on mutual
respect, Xinhua News Agency said in a commentary late Tuesday. Sino-U.S.
economic relations are a win-win relationship, not a zero-sum game, Xinhua
added.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com