Reading Time: 2 minutes
International
– Guo Jiakun, Spokesperson of the Ministry of Foreign Affairs, stated that the economic and trade teams of China and the United States held consultations in a spirit of equality, respect and mutual benefit, and achieved generally balanced and positive outcomes in stabilizing China‑US economic and trade relations and properly addressing each other’s concerns.
Sectors
– The Measures for the Administration of the List of Seriously Dishonest Entities in the Regulatory Field of the People’s Bank of China (Draft for Comment) has been released, which strictly stipulates the inclusion criteria for the list of seriously dishonest entities and strengthens constraints and penalties against dishonest acts.
Data
– Data released by the National Bureau of Statistics shows that in April, the value‑added of industrial enterprises above designated size nationwide rose by 4.1% year‑on‑year, the services production index increased by 4.3% year‑on‑year, and total retail sales of consumer goods grew by 0.2% year‑on‑year.In the January‑April period, national fixed‑asset investment fell by 1.6% year‑on‑year, among which manufacturing investment rose by 1.2% while real‑estate development investment dropped by 13.7%.The surveyed urban unemployment rate nationwide stood at 5.2% in April, down 0.2 percentage points from the previous month.
– In April, second‑hand housing prices in first‑tier cities rose by 0.4% month‑on‑month, marking the second consecutive monthly increase, while month‑on‑month declines narrowed in second‑ and third‑tier cities. New housing prices in first‑tier cities edged up another 0.1% month‑on‑month, whereas year‑on‑year falls in second‑ and third‑tier cities either narrowed or remained flat. Notably, Shanghai’s new housing prices climbed 0.4% month‑on‑month and 3.7% year‑on‑year in April.
May 19 Block Trade Info
*Discount
– Sosen Electronics (301002 CH) saw 32 block trades worth 119.21mn at 50.88yuan per share, 7.99pct discount from last closing.
– Tfc Optical Communication (300394 CH) saw 2 block trades worth 100.26mn at 363.00yuan per share, 5.70pct discount from last closing.
– Juneway Electronic Tech (301458 CH) saw 12 block trades worth 78.35mn at 39.21yuan per share, 6.15pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.
Finoview.
