China Exim Bank's B&R loans at 620 bln yuan -- The Export-Import Bank ofChina (ChinaExim Bank) said on June 15 that its outstanding loans for the Belt and RoadInitiative surpassed 620 billion yuan (over US$90 billion) at the end of thefirst quarter. The funds were pumped into more than 1,200 projects along theancient trade routes, said Xie Ping, deputy governor of the bank. Its lendingto international cooperation on industrial capacity was at more than 700 billionyuan.
China central bank boosts liquidity -- China's central bank injected 120billion yuan (17.65 billion U.S. dollars) into the financial system via openmarket operations on June 19 to ease liquidity pressure.The operations included 50 billion yuan of seven-day reverserepos, 40 billion yuan of 14-day reverse repos, and 30 billion yuan of 28-daycontracts, with interest rates of 2.45, 2.6, and 2.75 percent, respectively,the People's Bank of China (PBOC) said on its website.
China's ODI down 38.8 pctin May -- China's non-financial outbounddirect investment (ODI) dropped 38.8 percent year on year to 8.22 billion U.S.dollars in May, official data showed on June 16. In the first five months ofthis year, the country's non-financial ODI dropped 53 percent year on year to34.59 billion U.S. dollars, according to the Ministry of Commerce (MOC). Chinesecompanies invested in3,121 overseas enterprises in 145 countries and regionsfrom January to May, data showed.
China's bond issuance reduces to 2.9 tln yuan in May -- The value of bonds issued inChina totaled2.9 trillion yuan (about 426 billion U.S. dollars) last month, down by about100 billion yuan from April, the central bank said on June 20. Bonds issued onthe inter-bank market reached 2.7 trillion yuan, data from the People's Bank ofChina (PBOC) showed. The balance of outstanding bonds was 67.1 trillion yuan bythe end of May, up from 66.9 trillion yuan at the end of April and 63.7trillion yuan at the end of last year.
China's business confidence continues toimprove in Q2: central bank survey -- Business confidence amongChina'sentrepreneurs continued to improve in Q2, a central bank survey showed on June20.The entrepreneur confidenceindex rose for the fifth straight quarter, rising to 65.4 from 61.5 theprevious quarter, according to the People's Bank of China (PBOC).Another PBOC survey showed bankers'confidence in the economy also improved in the second quarter to 67.8 from64.9 in the first quarter.
China's home prices showsigns of cooling on tough controls --China's home prices have shownsigns of cooling as home prices faltered in major cities, after authoritiesimplemented a string of measures to contain price hikes. Of 70 large andmedium-sizedcities surveyed, 35 cities witnessed a month-on-month price declineor a slower price uptick in May, up from31 inApril, said the National Bureau of Statistics (NBS) on June 19. A total of 29cities witnessed aslower price rise year on year in May, said the NBS.
AIIB approves 3 new members at 2ndannualmeeting -- TheChina-initiated Asian Infrastructure Investment Bank (AIIB) on June 16 approvedthree more countries as its new members at its second annual meeting ofgovernors.Argentina, theRepublicofMadagascar and theKingdom ofTongawere accepted as AIIB’s newmembers.The decision was made duingthe business session of the AIIB’s board of governors, the bank’s majordecision-making body.
MSCI decides to include China A-shares in its EM Index -- Global equity indexes providerMSCI announced on June 20 that beginning in June 2018, it will includeChina A-sharesin the MSCI Emerging Markets (EM) Index and the MSCI ACWI (All Country WorldIndex) Index. MSCI plans to add 222 China A Large Cap stocks, representing on apro forma basis approximately 0.73 percent of the weight of the MSCI EmergingMarkets Index at a 5-percent partial Inclusion Factor, according to its 2017market classification review released on June 20.
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