Event Summary: On July 31, China’s National Bureau of Statistics released the purchasing managers’ index (PMI) data for July, showing the manufacturing PMI at 49.4%, a slight decline of 0.1 percentage points…
Day: July 31, 2024
Chinese Brokers Surge: Is a Bull Market on the Horizon?
In a market climate marked by policy-driven counter-cyclical adjustments and uncertainty over trade policies, pursuing a cautious strategy remains the overarching theme for China’s A-share market. Investors are advised to maintain a…
China’s Rental Yield Surpasses Deposit Rates, Sparking Shift in Housing Investment Appeal？
Key Points: China’s rental yield exceeds deposit rates, hitting 2.03%. Older properties, apartments yield 3-4%; outshine savings. Banks slash rates; highest fixed deposit at 1.8%. Shift from savings to real estate, consumption…
Chinese Brokerages and Regional Banks Slash Interest Rates Amid Market Trends
Key Points: Multiple Chinese brokerages have reduced interest rates on investor margin accounts. Regional banks in several provinces have also lowered deposit rates. These actions are responses to market trends and regulatory…
China’s Manufacturing PMI Dips, Exports Show Resilience Amid Policy Calls for More Support
China’s manufacturing Purchasing Managers’ Index (PMI) slipped to 49.4 in July, down from 49.5 the previous month, remaining below the pivotal 50-point threshold that distinguishes expansion from contraction. This marks the fifth…