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Top stories of the day -- China Stock Market -- Dec. 1

BEIJING
2015-12-01 10:19

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1. China's manufacturing purchasing managers' index (PMI) came in at 49.6 in November, down from 49.8 in October, according to data released by the National Bureau of Statistics on Tuesday, indicating the country's factory activity was contracting further.

2. The International Monetary Fund (IMF)'s executive board on Monday approved the inclusion of China's currency renminbi (RMB) in its Special Drawing Rights (SDR) basket as an international reserve currency. Effective from Oct. 1, 2016, the RMB will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound, the IMF said in a statement after completing the regular five-yearly review of the SDR basket.

3. Hong Kong investors purchased in net value 3.467 billion yuan of Shanghai-traded stocks under Shanghai-Hong Kong stock connect till market close on Monday, representing 27 percent of the daily quota of 13 billion yuan, according to statistics from the Hong Kong stock market. The net purchase on Monday hit a record high in nearly two months. Meanwhile, a total of 3.45 million yuan of the 10.5 billion yuan daily quota for mainland investors to trade HK stocks were used till the market close on Monday, representing 3.3 percent of the total.

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