CBN丨China’s manufacturing, services activity expands for 1st time in 4 months

Hi everyone. I’m Stephanie LI.大家好，我是主持人李莹亮。Coming up on today’s program.重点提要 -China’s June factory and service activities bounce back to expansion territory for the first time in four months;-Price hike of domestic fuel prices will be suspended if global oil prices go over $130.Here’s what you need to know about China in the past 24 hours 中国经济要闻China’s economic recovery continued in June, data released on Thursday showed, with activity in both the manufacturing and services sectors expanding for the first time since February.The official manufacturing purchasing managers’ index (PMI) rose to 50.2 in June, up from 49.6 in May, marking the first time in four months that the gauge has risen above the 50 mark that separates expansion from contraction.Meanwhile, China’s non-manufacturing PMI was at 54.7, after 47.8 in May. And the country's official composite PMI, which includes both manufacturing and services activity, came in at 54.1 in June, compared with 48.4 in May, according to the NBS.Zhao Qinghe, a senior statistician with the NBS, said China's economic recovery is gathering pace with better containment of the pandemic and stronger policy support. “June returning to expansionary territory showed businesses had obviously positive changes from May,” Zhao said, adding that the 5.7 percentage point increase in the composite index suggests corporate operations have shown an overall recovery.Signs of recovery had emerged earlier this month as key indicators for manufacturing and consumption improved marginally in May. Despite the improvement in PMI readings, the NBS official warned of uncertainties both at home and abroad, saying more efforts should be carried out to better implement the government's stimulus policy measures, actively expand effective demand and consolidate the recovery momentum.国家统计局6月30日公布的数据显示，6月份，中国制造业采购经理指数（PMI）回升至50.2%，在连续3个月收缩后重回临界点以上，制造业恢复性扩张。“随着国内疫情防控形势持续向好，稳经济一揽子政策措施加快落地生效，我国经济总体恢复有所加快。”国家统计局服务业调查中心高级统计师赵庆河表示。产需恢复加快。随着复工复产持续推进，企业前期受抑制的产需加快释放，6月份生产指数和新订单指数分别为52.8%和50.4%，高于上月3.1和2.2个百分点，均升至扩张区间。高技术制造业和装备制造业恢复加快。6月份，高技术制造业和装备制造业PMI分别为52.8%和52.2%，高于上月2.3和3.3个百分点。消费品行业PMI为50.9%，高于上月0.7个百分点，消费品行业继续恢复性增长。企业预期有所改善。6月份，生产经营活动预期指数为55.2%，高于上月1.3个百分点，升至近3个月高点，企业信心继续回升。赵庆河表示，6月份采购经理指数重返扩张区间，反映出企业生产经营状况与5月份相比发生明显积极变化。但当前国内外经济环境依然存在诸多不确定因素，需进一步细化落实稳经济一揽子政策措施，积极扩大有效需求，巩固经济恢复发展势头。China aims to cut the energy consumption per unit of the added value of the country's large industrial enterprises by 13.5 percent from the 2020 level, according to a plan released by Chinese regulators including the NDRC on Wednesday. By 2025, China will achieve a comprehensive improvement in the energy efficiency of major industrial sectors, a substantial rise in energy efficiency in key areas such as data centres, and an increase in the proportion of green low-carbon energy use. 《工业能效提升行动计划》发布：6月29日，工信部、发改委等六部门联合发布《工业能效提升行动计划》。计划提出，到2025年，重点工业行业能效全面提升，数据中心等重点领域能效明显提升，绿色低碳能源利用比例显著提高，节能提效工艺技术装备广泛应用，标准、服务和监管体系逐步完善，钢铁、石化化工、有色金属、建材等行业重点产品能效达到国际先进水平，规模以上工业单位增加值能耗比2020年下降13.5%。Greater Bay Area, Greater future新使命，大未来Guangdong's foreign trade volume with Hong Kong SAR grew at an average year-on-year 6.1 percent over the previous 25 years, according to statistics released by Guangdong Customs on Wednesday. Guangdong's import and export volume has significantly increased from 279.85 billion yuan in 1997 to 1.17 trillion yuan in 2021, four times more than the figure recorded when Hong Kong returned to the motherland. 粤港贸易规模25年增长4倍: 6月29日，据海关总署广东分署统计数据显示，广东省与香港地区贸易规模从1997年的2798.5亿元人民币，大幅攀升至2021年的1.17万亿元，年均增长6.1%，香港地区回归25年后两地贸易规模是香港地区回归当年1997年的4倍。The practice of "one country, two systems" in Hong Kong is critical to the future of its financial sector, said Nicolas Aguzin, chief executive officer of the Hong Kong Exchanges and Clearing Limited (HKEX) in a recent interview with Xinhua. Over the past 25 years, Hong Kong has become Asia's most vibrant market and remained a leading international finance centre. Average daily turnover on the bourse's cash market reached HK$166.7 billion at the end of 2021, compared with HK$15 billion in 1997, data from the bourse showed. And the city has been one of the top IPO venues globally for much of the last decade.“一国两制”助力香港金融业成长壮大：30日消息，香港交易所集团行政总裁欧冠升接受新华社采访时表示，“‘一国两制’是一个伟大的制度，是多年来一直助力香港金融业成长壮大的一个关键因素。”香港交易所提供的数据显示，其现货股票市场1997年日均成交金额为150亿港元，2021年日均成交金额增至1667亿港元。香港交易所2021年IPO集资总额422.97亿美元，居全球第四位；而1997年IPO集资总额只有约104.7亿美元。Next on industry and company news产业及公司新闻China will subsidise its oil refiners and suspend the raising of domestic fuel prices if global oil prices surpass $130 a barrel, according to  the notice released jointly by the Ministry of Finance and the NDRC on Wednesday. The policy will initially last for two months, while further notices will be issued if oil prices consistently exceed $130, the authorities said. 原油超130美元将暂不上调国内油价：6月29日，财政部、发改委发布《关于做好国际油价触及调控上限后实施阶段性价格补贴有关工作的通知》明确，当国际油价高于130美元每桶时，国内成品油价格阶段性不再上调，同时还将对炼油企业实行阶段性价格补贴。政策持续时间暂按两个月掌握。China's foreign trade saw positive changes in the second quarter as the government's pro-growth policies gradually pay off, according to a survey conducted by the China Council for the Promotion of International Trade on Wednesday. In the second quarter, 25.43 percent of surveyed firms saw quarter-on-quarter growth in trade volume, 19.98 percent and 22.65 percent respectively reported expansions in profits and new orders.二季度外贸运行出现积极变化：6月29日，中国贸促会发布《2022年第二季度中国外贸形势调研报告》。调研报告显示，随着高效统筹疫情防控和经济社会发展，稳增长的政策措施效果逐步显现，我国二季度外贸运行出现积极变化。在参与调研企业中，25.43%的企业贸易额环比增长，19.98%的企业利润环比增加，22.65%的企业新增订单比一季度增长。China's installed capacity of renewable energy had reached 1.1 billion kilowatts by the end of May, up 15.1 percent year on year, data from the National Energy Administration on Wednesday. From January to May, 1.06 trillion kilowatt-hours of electricity were generated through renewable sources, accounting for about 31.5 percent of the country's power consumption.可再生能源发电总装机突破11亿千瓦：29日国家能源局数据显示，截至5月底，我国可再生能源发电总装机达到11亿千瓦，同比增长15.1%；1-5月份，全国可再生能源发电新增装机4349万千瓦，占全国发电新增装机的82.1%。发电方面，1-5月份，全国可再生能源发电量达到1.06万亿千瓦时，同比增长16.8%，约占全社会用电量的31.5%。Shanghai announced Wednesday to gradually reopen museums, art galleries and all types of indoor and outdoor A-level tourist attractions across the city from July 1, while cinemas and performance venues will be gradually opened to the public from July 8. Onsite turnover at restaurants has rose 293 percent on Wednesday compared with the previous week, according to data from Meituan. 上海8类文旅场所明日起开放：6月29日，上海市文化和旅游局表示7月1日起，在全市范围内逐步开放博物馆和美术馆，以及室内外所有A级旅游景区；7月8日起，逐步开放电影院和演出场所。29日上海恢复堂食首日，美团平台数据显示，当天上海到店餐饮线上交易额周环比增长已达293%。Chinese e-commerce giant JD.Com has renewed the strategic cooperation agreement with Chinese internet giant Tencent Holdings for three more years. JD.Com will issue up to 220 million dollars worth of Class A ordinary shares to Tencent, which will continue to provide JD.Com with level-one and level-two access points on its WeChat platform and internet traffic support, JD. Com said in a statement Wednesday.京东腾讯续签三年战略合作：6月29日晚，京东集团发布公告称，已与腾讯续签了为期三年的战略合作协议。京东集体将向腾讯发行若干数目的A类普通股，价值最高为2.2亿美元。腾讯将继续在其微信平台上向京东集团提供显著的一级及二级访问入口以提供流量支持。Chinese electric-car maker Li Auto plans to sell $2 billion of American Depositary Shares(ADSs) through an “at-the-market” stock offering, the company said Wednesday. Based on the average closing price of the five trading days before June 24, Li Auto will sell 53.84 million ADSs, equivalent to 5.2 percent of the company’s outstanding common shares. 理想汽车拟增发20亿美元ADS : 6月29日消息，理想汽车计划在纳斯达克出售总计20亿美元的美国存托凭证（ADS），以市面发售的方式发行。根据6月24日前五个交易日平均收市价计算，理想汽车ATM增发不会超过5383.58万份ADS，对应约1.077亿股A类普通股，约相当于理想汽车已发行普通股的5.2%。China Eastern Airlines, one of the country’s “Big Three” carriers, will invest 22 billion yuan to build a series of aviation projects, including a one-stop air logistics hub for the Asia-Pacific region, in the Lingang New Area, part of Shanghai’s pilot free trade zone, media reported Wednesday.东航220亿元布局七大项目：6月29日，中国东航与上海临港新片区管理委员会签署战略合作协议，将合作启动亚太一站式航空物流枢纽项目、国际化航空维修服务平台项目、航空金融服务项目等七大项目，总投资超过220亿元。Switching gears to financial news金融市场消息The People's Bank of China will build an effective mechanism to provide financial support for the real economy, according to a quarterly monetary policy implementation meeting of central bank on Wednesday. While encouraging financial institutions to step up their issuance of loans to the manufacturing industry, the PBOC will make solid efforts to stabilize industrial and supply chains, the central bank said. 央行构建金融支持实体经济机制：6月29日，中国人民银行货币政策委员会2022年第二季度例会在北京召开。会议提出，构建金融有效支持实体经济的体制机制，完善金融支持创新体系，引导金融机构增加制造业中长期贷款，着力稳定产业链供应链，努力做到金融对民营企业的支持与民营企业对经济社会发展的贡献相适应。China's central bank on Wednesday conducted 100 billion yuan of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the PBOC. The move aims to keep stable liquidity in the banking system at the end of the first half of this year.逆回购加量呵护半年末流动性：6月29日，中国人民银行发布公告，为维护半年末流动性平稳，当日以利率招标方式开展了1000亿元7天逆回购操作。全国银行间同业拆借中心数据显示，DR007（银行间存款类金融机构以利率债为质押的7天期回购利率）自6月24日开始走高，但仍处于当前7天逆回购利率（2.1%）之下。China Asset Management is about to undergo a big change to its shareholding structure, as its fourth largest owner, Tianjin Haipeng Technology Consulting, plans to sell the 10 percent equity it holds in the Chinese leading fund manager for $490 million, Citic Securities said late Tuesday.华夏基金10%股权生变：6月28日晚间，中信证券发布公告称，天津海鹏科技咨询有限公司拟协议转让其所持有华夏基金管理有限公司10%的股权，拟交易对价为4.9亿美元。 Wrapping up with a quick look at the stock market股市收盘情况Chinese stocks bounced higher on Thursday, with major indices set for their biggest monthly gain in nearly two years, supported by signs of economic recovery and the easing of COVID-19 restrictions. By the close, the benchmark Shanghai Composite surged 1.1 percent and the Shenzhen Component Index was up 1.57 percent. Hong Kong’s Hang Seng index slid 0.62  percent and the TECH index was down 1.36 percent.周四A股震荡上行。截至今日收盘，沪指涨1.10%，深成指涨1.57%，创业板指涨1.52%。食品饮料、风电设备、航空机场、光伏设备等板块涨幅居前；汽车、房地产服务、煤炭等板块飘绿。港股恒生指数收跌0.62%，恒生科技指数收跌1.36%。Biz Word of the Day财经词汇划重点An at-the-market (ATM) offering is a type of follow-on offering of stock utilized by publicly traded companies in order to raise capital over time. In an ATM offering, exchange-listed companies incrementally sell newly issued shares or shares they already own into the secondary trading market through a designated broker-dealer at prevailing market prices. ATM发行是一种货架注册的增发方式，是指发行人通过指定经纪交易商，以现行市场价格逐步向二级交易市场发行同一类别的流通股票。在ATM发行中，发行人可以控制每次销售的时间和规模，并可以根据需要随时修改。