ANZ raises #China's 2023 GDP growth forecast to 4.1%.

- Sino_Market

J.P. MORGAN RAISES #CHINA'S 2023 GDP GROWTH FORECAST TO 5.0% FROM 4.8% PREVIOUSLY.

ANZ RAISES #CHINA'S 2023 GDP GROWTH FORECAST TO 5.1% FROM 4.9% AND EXPECTS FURTHER IMPROVEMENT IN 4Q23 BOOSTED BY FURTHER STIMULUS INCLUDING INTEREST RATE CUTS AND PROPERTY MARKET SUPPORT MEASURES. - CN WIRE ...

⚡AN UNVERIFIED NOTICE SHOWS THAT THE SHANGHAI DEVELOPMENT AND REFORM COMMISSION WILL HOLD A MEETING ON IRON ORE PRICE REGULATION POLICY AT 9:00 A.M. ON WEDNESDAY. #IRONORE NOW TURNS RED AND COKING COAL SLIPS A BIT FROM 17-MONTH HIGHS. #CHINA #COMMODITIES ...

⚡#IRONORE AND #STEEL REBARS OPENED FLAT ON TUESDAY MORNING AND HOT-ROLLED COILS ARE DOWN 0.16%.
BASE METALS ARE DOWN EXCEPT #ALUMINUM AND #COPPER. #NICKEL -1%, #ZINC -0.56%, #TIN -0.3%. #ALUMINUM +0.5%.
INE CRUDE OIL DROPPED 1.73%, TO THE WEAKEST IN 2 WEEKS. #CHINA #COMMODITY ...

#IMPORTANT
CHINA HAS SHIFTED THE NAME OF THE NATIONAL FINANCIAL WORK CONFERENCE TO THE CENTRAL FINANCIAL WORK CONFERENCE. XI CHAIRED THE MEETING, ANALYZED THE SITUATIONS FACING HIGH-QUALITY DEVELOPMENT OF THE FINANCIAL SECTOR, AND ARRANGED RELEVANT WORK FOR THE CURRENT AND FUTURE PERIODS.
🔸FOCUS ON FORGING MODERN FINANCIAL INSTITUTIONS AND MARKET SCHEMES.
🔸EXPAND INSTITUTIONAL OPENING-UP IN THE FINANCIAL SECTOR ON THE PREMISE OF ENSURING NATIONAL FINANCIAL AND ECONOMIC SECURITY.
🔸ENSURE THAT SYSTEMIC FINANCIAL RISKS WILL NOT OCCUR.
🔸DEVELOP DIVERSIFIED EQUITY FINANCING AND VIGOROUSLY IMPROVE THE QUALITY OF LISTED COMPANIES.
🔸SUPPORT LARGE STATE-OWNED FINANCIAL INSTITUTIONS IN BECOMING BETTER AND STRONGER.
🔸EFFECTIVELY FORESTALL AND DEFUSE FINANCIAL RISKS IN KEY AREAS
🔸INVIGORATE THE CAPITAL MARKET.
🔸PAY MORE ATTENTION TO MAKING CROSS-CYCLICAL AND COUNTER-CYCLICAL ADJUSTMENTS AND ENRICHING THE MONETARY POLICY TOOLBOX.
🔸FOSTER AND STRENGTHEN TECHNOLOGY FINANCE, GREEN FINANCE, INCLUSIVE FINANCE, PENSION FINANCE, AND DIGITAL FINANCE
🔸TO ENHANCE THE COMPETITIVENESS OF SHANGHAI AS AN INTERNATIONAL FINANCIAL CENTER, AND CONSOLIDATE HONG KONG'S POSITION AS AN INTERNATIONAL FINANCIAL CENTER. #CHINA #FINANCE

CHINA’S TOP LEADERS ARE EXPECTED TO GATHER IN BEIJING FOR A KEY TWO-DAY FINANCIAL CONFERENCE STARTING ON MONDAY, WITH DEBT RISKS AND STRENGTHENING THE SUPERVISION OF THE COMMUNIST PARTY SET TO BE TOP OF THE AGENDA.

“[THE CONFERENCE] WILL PRIMARILY FOCUS ON RESOLVING DEBT. AT THE MOMENT, THE MOST IMPORTANT THING IS TO RESOLVE THE DEBT PROBLEMS,” ONE OF THE SOURCES SAID.

“OF WHICH THE CORE IS THE FACT THAT LOCAL GOVERNMENTS ARE OUT OF MONEY. AND THE CORE REASON FOR THAT IS THE DOWNTURN IN THE REAL ESTATE MARKET.”
#CHINA #FINANCIAL #PROPERTY
SCMP.COM/ECONOMY/CHINA-ECONO… - CN WIRE ...

⚡#SMIC'S ZHAO HAIJUN:
I PERSONALLY EXPECT THAT THERE MAY BE EXCESS CAPACITY AROUND THE WORLD, AND IT WILL TAKE A LONG TIME TO DIGEST EXCESS CAPACITY. I BELIEVE THAT THE FUTURE DEMAND FOR SEMICONDUCTORS IN #CHINA WILL STILL REQUIRE A LARGE LOCAL MANUFACTURING CAPACITY.

MAINLAND #CHINA'S #CHIP MAKER SMIC WARNS THAT A SMARTPHONE MARKET RECOVERY IS ANOTHER YEAR OUT, AND GEOPOLITICAL TENSIONS ARE FOMENTING A SERIOUS GLUT IN GLOBAL CHIPMAKING CAPACITY.
SMIC'S OUTLOOK CLASHES WITH UPBEAT COMMENTS FROM SAMSUNG AND TSMC. #HUAWEI - CN WIRE ...

#IMPORTANT
YANGTZE MEMORY TECHNOLOGIES (YMTC) FILED A LAWSUIT AGAINST MICRON TECHNOLOGY, INC. AND ITS WHOLLY-OWNED SUBSIDIARY, MICRON CONSUMER PRODUCTS GROUP, LTD., ON NOVEMBER 9, ALLEGING INFRINGEMENT OF EIGHT OF ITS U.S. PATENTS. #CHINA #SEMICONDUCTOR🇨🇳🇺🇸

#CHINA'S CYBERSPACE REGULATOR SAID ON SUNDAY THAT PRODUCTS MADE BY U.S. MEMORY CHIP MANUFACTURER #MICRON TECHNOLOGY (MU.O) HAD FAILED ITS NETWORK SECURITY REVIEW AND THAT IT WOULD BAR OPERATORS OF KEY INFRASTRUCTURE FROM PROCURING FROM THE FIRM.
REUTERS.COM/TECHNOLOGY/CHINA… - CN WIRE ...

CHINESE #TIN FUTURES ERASED THE FALL AND JUMPED OVER 3%, CLOSING UP 2.67% IN SHANGHAI.
MEANWHILE, THE TOP 20 CHINESE FUTURES COMPANIES ARE HOLDING 1,402 NET SHORT POSITIONS TODAY, 504 MORE THAN LAST FRIDAY. #CHINA

⚡SODIUM CARBONATE FUTURES PRICES SURGED ANOTHER 6% IN #CHINA AS THE CAPACITY CUT IN QINGHAI PROVINCE.
#NICKEL FALLS 2.88% TO A FRESH LOW SINCE SEPT. 2022. #ALUMINUM -1%, #TIN -0.7%, #COPPER -0.3%, #ZINC -0.14%.
#IRONORE RISES 2.1%, REFRESHING HISTORICAL HIGH.
INE CRUDE OIL -0.2%. #OOTT - CN WIRE ...

#BREAKING
XI CHAIRED A CPC CENTRAL POLITBURO MEETING TODAY AND STUDIED 2024 ECONOMIC ISSUES.-XINHUA #CHINA ...

SOME CHINESE INSURERS ARE SAID TO GIVE #VANKE SOME ROOM TO PAY PRIVATE DEBTS. #CHINA #PROPERTY #REALESTATE #SOE

#BREAKING
SHENZHEN'S SASAC IS CALLING MUNICIPAL BODIES TO BUY VANKE'S BONDS.
#CHINA #SHENZHEN #VANKE - CN WIRE ...

NBS SAYS #CHINA HAS PREPARED INCREMENTAL MEASURES TO BOOST THE ECONOMY THIS YEAR, AIMING TO PRODUCE SYNERGY EFFECTS WITH CURRENT POLICIES. ...

THE MAJOR #MANGANESE #SILICON FUTURE CONTRACT FELL BY 10% TO A DOWN LIMIT.
AFTER THE DRAGON BOAT FESTIVAL HOLIDAY, THE SPOT MANGANESE ORE MARKET HAS BEEN RELATIVELY QUIET, WITH MANY ON THE DEMAND SIDE ADOPTING A WAIT-AND-SEE APPROACH. #CHINA

⚡COMMODITY FUTURES OPENED MIXED IN #CHINA ON THURSDAY MORNING. #TIN RISES 2.2%, #ZINC +1%, #COPPER +0.3%. #NICKEL -0.51%, #ALUMINUM -0.34%.
SHANGHAI #SILVER +0.7%, #GOLD +0.23%.
INE CRUDE OIL RISES 0.6% TO 604.5 YUAN. #OOTT
#IRONORE DROPS 0.25%. - CN WIRE ...

🇨🇳🇪🇺JUST IN #CHINA'S MOFCOM STARTS INVESTIGATING #EU'S TRADE BARRIERS AMID PROBES ON CHINESE RAILWAY LOCOMOTIVE, PHOTOVOLTAIC, AND WIND POWER EQUIPMENT.
THE INVESTIGATION WILL LAST FROM JULY 10 TO JANUARY 10, 2025, AND MAY BE EXTENDED TO APRIL 10 UNDER SPECIAL CONDITIONS. ...

🇨🇳#CHINA'S STATE FLOOD CONTROL AND DROUGHT RELIEF HEADQUARTERS INITIATED A LEVEL IV EMERGENCY FLOOD RESPONSE AT 12:00 PM ON JULY 24 FOR #BEIJING AND HEBEI PROVINCE. ...