Market Snapshot | Three major indices opened higher but closed lower, with southbound capital outflow nearing 10 billion yuan; the majority of non-ferrous metal stocks weakened, with Zijin Mining plunging 10.41%; Alibaba and Tencent showed mixed performan
The three major indices opened higher but closed lower, with nearly 10 billion yuan of southbound capital outflows; the majority of non-ferrous metal stocks weakened, with Zhaogin Mining Industry dropping 10.41%; Alibaba and Tencent performed differently after their earnings reports, as Alibaba closed up 3.84%, while Tencent closed down 0.52%.
Express News | PBOC: Broad money supply (M2) stood at RMB 353.04 trillion at the end of April, up 8.6% year-on-year.
Express News | PBOC: RMB loans increased by 8.59 trillion yuan in the first four months.
Express News | PBOC: Aggregate financing in the first four months reached RMB 15.45 trillion, down RMB 893 billion year-on-year.
**** held talks with U.S. President Trump.
On the morning of May 14, President **** held talks with U.S. President Trump, who is on a state visit to China, at the Great Hall of the People in Beijing.
Express News | The talks between the leaders of China and the United States have concluded, with **** meeting American entrepreneurs accompanying U.S. President Trump on his visit to China.