1. China's factory activity picked up a bit in December as emerging engines shored up growth, official data showed Friday. China's manufacturing purchasing managers' index (PMI) came in at 49.7 in December, up from 49.6 in November, according to data released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
2. China's non-manufacturing activity expanded strongly in December, indicating a bigger role for the service sector in supporting the slowing economy, a monthly survey showed Friday. The purchasing managers' index (PMI) for the non-manufacturing sector came in at 54.4 in December, up from 53.6 in November and also the highest in 2015, according to a report released jointly by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.
3. Local governments in China will no longer share revenue from stamp duty on securities transactions from Jan. 1, 2016, according to a statement released by the State Council on Thursday. Currently, 97 percent of the revenue goes to the central government with 3 percent going to local governments. The move is to improve fiscal revenue distribution between the central and local governments, the statement said, without giving more details.
4. A total of 9.268 billion lock-up shares on China's Shanghai and Shenzhen stock exchanges will become tradable starting from this week (January 4-January 8) with a market value of some 95 billion yuan, according to statistics from the Southwest Securities. Among them, 6.206 billion shares are to be unlocked for trading on the Shanghai bourse while 3.062 billion shares on Shenzhen bourse from January 4.
Latest comments