PBoC Data
*May China’s M2 reached cny 325.78tn, increased 7.9% y/y. January-May Aggregate financing to the real economy recorded cny 18.63tn, cny 3.83tn more than the same period last year. RMB loans rose by cny 10.68tn in the first five months.
Xi’s Emphasis
*Qiushi Journal published a key article by Chairman Xi Jinping titled “Using Medium and Long Term Plans to Guide Economic and Social Development: An Important Approach of Our Party in Governing State Affairs”.
Premier
*Premier Li Qiang presided over State Council executive meeting, which deployed efforts to replicate and promote pilot measures from the China (Shanghai) Pilot Free Trade Zone, deliberated measures to optimize the centralized procurement of pharmaceuticals and medical consumables, and heard reports on establishing a new model for real estate development and advancing the construction of quality housing.
Industrial Economy
*MIIT and seven other departments jointly released and publicly solicited opinions on the “Automotive Data Cross-Border Security Guidelines (2025 Edition)”.
*MIIT recently issued the “Administrative Measures for Science and Technology Business Incubators” to standardize and promote the development of innovation hubs.
Co Focus
*GAC (601238 CH) pledged to ensure full payment of dealer rebates within two months effective immediately, as part of its commitment to promote high-quality development in the automotive industry.
June 13 Block Trade Info
*Discount
-BJ-SH High Speed Railway (601816 CH) saw 1 block trade worth 726.68mn at 5.72yuan per share, 0.35pct discount from last closing.
-Tongji Sci&Tech (600846 CH) saw 1 block trade worth 102.89mn at 9.76yuan per share, 6.06pct discount from last closing.
*Flat
-Bestechnic (688608 CH) saw 3 block trades worth 110.00mn at 378.00yuan per share, flat from last closing.
-Shanghai United Imaging Healthcare (688271 CH) saw 4 block trades worth 69.97mn at 129.50yuan per share, flat from last closing.
-Shanghai Rural Commercial Bank (601825 CH) saw 2 block trades worth 91.21mn at 9.80yuan per share, flat from last closing.
-Industrial Bank (601166 CH) saw 6 block trades worth 173.87mn at 23.50yuan per share, flat from last closing.
-Tongwei (600438 CH) saw 2 block trades worth 1.22bn at 15.93yuan per share, flat from last closing.