XFA Weekly Review 2017 Issue 23_Xinhua Finance Agency

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Issue		23
2017


	2017/06/04 - 2017/06/10

Chinese authorities reject more IPO applications

CSRC has rejected more initial public offering (IPO) applications in a bid to improve the quality of listed firms and protect investors' interests.

China's forex reserves see biggest increase in single month in May

China's foreign exchange stood at 3,053,567 million U.S. dollars at the end of May, an increase of 24,034 million U.S. dollars from April.

	China’s foreign trade rallies, beating expectation

	China’s total foreign trade volume reached 2.35 trillion yuan in May, up by 18.3 percent year on year.


	China unlikely to see mid-year liquidity crunch: newspaper

		China is highly unlikely to see a mid-year liquidity crisis this year, and no repeat of the "unusual market fluctuations" seen in June 2013.

Alibaba CEO predits huge sales growth for the current year

Alibaba Group Holding Ltd said on Thursday it expected its explosive sales increases to 49 percent growth to more than 34 billion U.S. dollars.

Big shareholder stock sales plummet after new rules

Stock sales by Chinese major shareholders shrank sharply over the past several trading days.

Xiongan development will not be ＂kidnapped＂ by property developers

China is seeking a new path for urban development through Xiongan New Area, a policy advisor said Tuesday.

China to cut corporate cost by RMB1 trln

The State Council executive meeting introduced four measures on cutting fees of enterprises in construction, energy, banking and insurance industries.

China's property market boom runs out of steam?

A stand-off between home buyers and sellers seems to be cooling the property market and stressing property developers.

MSCI more likely to include A Shares

Many foreign-funded banks indicated that A Shares are more likely to be included this year than last year.

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