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CCICInforma
Settimana 16 No. 29, 22 Aprile 2013
STAMPA ITALIANA
ESTERI
Il Corriere della Sera, 21-04-2013, Terremoto in Cina, sale il bilancio delle vittime, Tra 164 e 180 i morti. Alcune fonti parlano di oltre 11 mila feriti. Incerta la magnitudo, 7 gradi secondo le
autorità cinesi.
La Stampa, 21-04-2013, Le stelle d’Europa brillano a Shanghai, Ieri è stato inaugurato il Salone che quest’anno tocca a Shanghai (in alternanza con Pechino) e qui i marchi di tutto il mondo,
specie gli europei, sfoggiano la migliore gioielleria a caccia di un business senza pari.
La Repubblica, 21-04-2013, Assalto allo stand Ferrari al Salone dell’auto cinese, LaFerrari debutta a Shanghai e il pubblico impazzisce fin dalle prime ore.
ECONOMIA
Agi China 24, 19-04-2013, Decrescita "felice". L'economia rallenta: Pechino cosa fa?, Consumo è la nuova parla d'ordine della Cina. Si può applicare a tutti gli strati dell'economia. Dai dati
macro-economici, alla vita quotidiana dei singoli.
Agi China 24, 19-04-2013, Immigrazione: il nuovo sogno dei milionari cinesi, Il "sogno" dei cinesi? Emigrare in un Paese che offra un'ottima istruzione, standard di qualità di vita elevati e un
ambiente più sano.
La Repubblica, 21-04-2013, L'Europa scommette su Cina e Bce. Spread stabile sotto quota 300 punti, Le Borse sono convinte del rimbalzo cinese nel secondo e terzo trimestre dell'anno.
STAMPA ESTERA
Reuters, 19-04-2013, Italy center-left leader Bersani quits after vote debacle, Center-left leader Pier Luigi Bersani announced his resignation on Friday after party rebels sabotaged two
separate candidates he had backed for state president, deepening Italy's political chaos.
Reuters, 19-04-2013, Italy's RCS agrees 70 layoffs with unions, RCS Mediagroup, the publishing house that owns influential Italian newspaper Corriere della Sera, has signed an agreement with
trade unions to lay off 70 journalists, a union source said on Friday.
Reuters, 20-04-2013, Italy's Grillo calls for march on parliament over "coup d'etat", The anti-establishment 5-Star Movement's leader Beppe Grillo called on Italians to join him in protest outside
parliament after President Giorgio Napolitano stood for a second term on Saturday in what Grillo called a "coup d'etat".
The Guardian, 20-04-2013, Giorgio Napolitano re-elected as Italy's president, prompting relief and protests, 87-year-old's re-election draws standing ovation by most MPs, but protesters say
result is depressing sign of political stagnation.
Reuters, 21-04-2013, Election of Italy president opens door to new government, The re-election of Italy's president has raised the prospect of an end to the two months of political stalemate
that have followed the general election, with a move to form a government foreseen within days.
The Guardian, 21-04-2013, Beppe Grillo attacks Italian president's re-election, Napolitano re-election is desperate attempt to retain power by discredited establishment, says leader of Five
Star Movement.
STAMPA CINESE
China Daily, 22-04-2013, China confirms 102 H7N9 cases, 20 deaths, During the 24-hour period ending at 4 pm on Sunday, China confirmed six new cases of human H7N9 avian influenza,
including five in Zhejiang and one in Jiangsu.
China Daily, 22-04-2013, Investment patterns alter with times, Times are changing and so are the Chinese investors. Stable instruments with long-term yields have stolen a march over the once
preferred fast-money products, thereby raising the stakes for wealth managers.
China Daily, 22-04-2013, Lenovo may acquire IBM server unit, Company exploring new frontiers in enterprise-level products and services.
EQUITY/MACRO ECONOMICS
April
April
April
April
15,
15,
15,
15,
Index
Current
1 week change(%)
1 month change(%)
YTD change(%)
CSI 300 Index
2533.83
+2.91%
+0.35%
+0.43%
-0.13%
-2.84%
Hang Seng Index
22013.57
-0.34%
2013 – JP MORGAN cuts China 2013 GDP growth forecast to 7.8%.
2013 – China 1Q new property construction fell to 388.7 m sq meters, according to the National Bureau of Statistics.
2013 – China 1Q fixed-asset investment rose 20.9% vs estimate 21.3%.
2013 – China March industrial output rose 8.9% vs estimate 10.1%.
INTEREST RATE/FIXED INCOME
Index
Current
1 week change(bps)
1 month change(bps)
YTD change(bps)
7 Day Repo
3.10%
+15
+13
-148
1 year Deposit Rate
3.00%
0
0
-0
7 Years Government Bond
3.419%
-1.7
-8.3
-5.6
Demand Deposit Rate
0.35%
0
0
0
April 15, 2013 – Moody's Investors Service affirmed China's government's bond rating of Aa3 but cut the outlook to stable from positive after Fitch Ratings cut China's long-term local currency credit rating to A+ from AA- last
week.
April 16, 2013 – The PBOC sold 58 billion of 28-day repo agreements at 2.75%. There are 87 billion RMB of repos matured this week.
April 16, 2013 – LDK Solar said that it missed a 23.8 million USD bond payment because of a "temporary cash-flow shortage". This is the second Chinese solar company which has defaulted on a debt payment to investors.
April 18, 2013 – The PBOC offered 43 billion RMB of 28-day repo agreements, the rate kept unchanged at 2.75%. The PBOC drained a net 14 billion RMB from the money market this week. This is the ninth week the PBOC has
drained liquidity from the banking system.
FOREIGN EXCHANGE
FX
Current
1 week change(%)
1 month change(%)
YTD change(%)
USD/CHN
6.1755
RMB up 0.16%
RMB up 0.62%
RMB up 0.79%
USD/CNY
6.1777
RMB up 0.23%
RMB up 0.62%
RMB up 0.86%
EUR/CNY
8.0759
EUR down 0.19%
EUR up 0.46%
EUR down 1.72%
April 15, 2013 – RMB rose to 19-year high to 6.1871 after the central bank set a record fixing against the dollar.
April 15, 2013 –Dim Sum bonds returned the most in 13 weeks as a larger-than-expected jump in China's currency reserves to $3.44 trillion gave investors a measure of the flood of capital into RMB assets.
April 17, 2013 –RMB created a 19-year high again to 6.1723.
April 18, 2013 –PBOC's deputy governor said that RMB's trading band will be widened in the near future.
Source: China Market Weekly Update provided by AZ Investment Management
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