XFA Weekly Review 2017 Issue 22_Xinhua Finance Agency

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Issue		22
2017


	2017/05/28 - 2017/06/03

U.S. will withdraw from Paris Agreement: Trump

U.S. President Donald Trump said on Thursday that he has decided to pull the United States out of the Paris Agreement.

China to roll out local land reserve bonds

China will roll out local land reserve bonds this year to further standardize local governments' financing behaviors.

	Manufacturing activity continues expansion, non-manufacturing PMI quickens

	China's manufacturing Purchasing Managers' Index (PMI) expanded for the 10th straight month in May.


	New credit less than RMB 1trln. in May

		Institutions generally believe that new credit in May is expected to come below one trillion yuan, down from April.

China's PMI expands for 10th straight month

The manufacturing purchasing managers’ index came in at 51.2 percent while the non-manufacturing PMI hiked 0.5 percentage points to 54.5 percent.

CIC buying Blackstone European logistics arm

China Investment Corp (CIC) is near a deal to buy Blackstone's European logistics business Logicor for more than 12 billion euros.

Alibaba becomes second largest shareholder of Lianhua Supermarket

Shanghai Yiguo E-commerce Co., Ltd. plans to sell its 18 percent stake in Lianhua Supermarket to Alibaba.

MPA not to blame for financial market volatility

The monetary and bond markets fluctuated recently. Some believe that it is a result of the MPA.

Industrial firms see higher financing cost, profit growth declines again

Due to the decline in the increase in business revenue and profits, the profits made by industrial enterprises continued declining in April.

Central bank injects funds in market in May

China's central bank said Thursday it had injected 525.8 billion yuan into the market via MLF, SLF and PSL tools in May to maintain liquidity.

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