Chinese banks stage a rally, with a gauge tracking the sector surging over 4%
China Merchants Bank hit record high in Shanghai & HK. Its net profit rose 4.8% in 2020.
Postal Savings Bank of China, the 5th largest state lender, hit limit-up in Shanghai. yuantalks.com/the-wire-24-7-li
twitter.com/YuanTalks/status/1

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injects 500 bn yuan liquidity via one-year Medium-Term Lending Facility (MLF) at 2.95%, rate unchanged from the previous operation.

There is 300 bn yuan MLF loans expiring today and another 240.5 bn yuan MLF loans will expire on Jan 25. twitter.com/YuanTalks/status/1

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's most actively traded futures contract gains up to 4% to hit the highest since Oct 2019, on supply worries from top producers, following a mining ban on an island in the Philippines and protests at quarry sites in New Caledonia. yuantalks.com/the-wire-24-7-li
twitter.com/YuanTalks/status/1

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Mainland reported 144 new cases on Jan. 14, up from 138 a day earlier, said national health authority.

The authority said 135 of the new cases were local infections, 90 of which were in Hebei province surrounding Beijing and 43 in Heilongjiang. twitter.com/YuanTalks/status/1

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Commerce Department also said company was added to the Military End-User List for “its capability to develop, produce, or maintain military items, such as military aircraft engines.”

YUAN TALKS:  Commerce Department said Tur it added CNOOC to a US economic blacklist, saying it helped China intimidate neighbors in South China Sea.
twitter.com/YuanTalks/status/1

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Commerce Department said Tur it added CNOOC to a US economic blacklist, saying it helped China intimidate neighbors in South China Sea. twitter.com/YuanTalks/status/1

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's Ministry of Commerce said on Thu that it's working with transportation related govt agencies to increase sea shipping capacity and stabilize shipping rates.

YUAN TALKS:  cost increased sharply in 2020 due to sustained overseas demand and a shortage of container. The trend is extending into the new year.
yuantalks.com/shipping-rates-c twitter.com/YuanTalks/status/1..

's imports from , in US dollar terms, recorded an annual decline of 5.3% in 2020 and its exports to Australia rose 10.9%, according to Chinese customs data. twitter.com/YuanTalks/status/1

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's tech-focused Star50 index in Shanghai extends gains to 5% to hit a two-month high, driven by semiconductor companies.
Several companies in the semiconductor sector listed on the Star Market are surging more than 10%. yuantalks.com/the-wire-24-7-li

twitter.com/YuanTalks/status/1

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's trade surplus with , its third-largest trading partner, was $316.9 bn in 2020, expanding 7.2% from a year earlier, customs data showed.
China exported $451.8 bn worth of goods to US and imported $134.9 bn US-made products.
In Dec, the surplus was $29.9 bn.

YUAN TALKS: JUST IN:

's , in yuan terms, increased 4% in 2020, vs previous 5%, and fell 0.7% , vs previous 1.6% rise, according to customs data.

China's trade in 2020 was 3.7 trillion yuan, ri..

's most actively traded thermal futures contract slid up to 2% to drop below 700 yuan at one point.
China’s coal imports were 39.08 mln tonnes in Dec, more than tripling from 11.76 mln tonnes in Nov and up from 2.77 mln tonnes in a year ago. yuantalks.com/the-wire-24-7-li
twitter.com/YuanTalks/status/1

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’s imports hit a record high in 2020, jumping 9.5% to 1.17 bn tonnes, Chinese customs data showed.
That beat annual imports of 1.069 bn tonnes in 2019 and the previous record of 1.075 bn tonnes set in 2017. twitter.com/YuanTalks/status/1

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’s imports rose 7.3% in 2020 to a record 542.37 tonnes, or 10.85 mln barrels per day, shows Chinese customs data.
Oil imports in Dec were 38.47 mln tonnes, equivalent to 9.06 mln bpd, down 15% from 10.71 mln bpd a year earlier and off 11.04 mln bpd in Nov. twitter.com/YuanTalks/status/1

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’s on Thu launched a container booking service for air and sea freight, in response to global shortage of containers.
The service will span over 200 ports in 50 countries, and offer 30-40% lower cross-border port-to-port shipping fees vs market rate, it said.

YUAN TALKS:  cost increased sharply in 2020 due to sustained overseas demand and a shortage of container. The trend is extending into the new year.
yuantalks.com/shipping-rates-c..

signed an executive order under which, by Nov 11 2021 US investors will be required to have completely divested holdings of securities of alleged Chinese military companies.
The initial Nov order only restricted US investors from buying those securities by that date. twitter.com/YuanTalks/status/1

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's , in US dollar terms, increased 18.1% y/y in December, vs expected 15.2% and previous 21.1%, and increased 6.5% y/y, vs expected 5.7% and previous 4.5%, according to Chinese customs data.

YUAN TALKS: 's exports, in yuan terms, increased 10.9% y/y in Dec, vs previous 14.9% rise, and imports fell 0.2% y/y, vs previous 0.8% drop, shows customs data.
twitter.com/YuanTalks/status/1 twitter.com/YuanTalks/status/1 #..

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