XFA Weekly Review 2016 Issue 27_Xinhua Finance Agency

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Issue		27
2016


	2016/06/26 - 2016/07/02

China's manufacturing PMI down slightly in June

China's manufacturing sector in June posted a slight drop in June, official data showed on Friday.

China's SOEs speed up going abroad: report

China's state-owned enterprises (SOEs) are accelerating the pace in developing overseas businesses.

	SOEs mergers spring up, restructuring in 5 industries highly expected

	SOE's merger in five major industries including nuclear power, aviation, shipping, military engineering and railway highly expected.


	China's current account surplus to stay despite sharp drop

		China's current account surplus is going nowhere in the near future despite a sharp drop in the first quarter, official data showed Thursday.

Reform fundamental driving force for China's economy: premier

Chinese Premier Li Keqiang said on Tuesday that reform will drive China's economic growth.

Foreign private funds institutions start business in China after registered

China allow qualified foreign-owned enterprises and joint ventures to engage in private fund in mainland China.

Deeper pockets and digital trends to drive Chinese consumption

For foreign companies targeting the deep pockets of China's growing middle class, understanding demand and consumption habits will be critical.

Yuan remains stable despite decline, RRR& interest rates cuts expected

Renminbi ,falling after UK to leave, will remain stable,market expect Fed not hike interest rate this year, leaving room for PBoC to cut RRR.

Pressure on export increases as prospect of foreign trade gloomy in H2

China faces increasing pressure and uncertainties on foreign trade in the second half year.

＂Brexit＂ impact on China market limited: economists

Britain's leaving the EU will have only a limited effect on China's stock market and will perhaps boost the yuan's status as a global currency.

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