NEWS

Core Tip: in April in some areas around the industrial differentiation downward pressure: in April this year, differentiation around industrial development continues. Chongqing, Tibet, Jiangxi, Guizhou and other places above-scale industries is still high

April in some areas around the industrial differentiation downward pressure: in April this year, differentiation around industrial development continues. Chongqing, Tibet, Jiangxi, Guizhou, above-scale industries is still high. The Northeast and Shanxi regulatory industrial growth is still negative, and Inner Mongolia, Jilin, Shandong, Hunan, Guizhou and other places continued growth decline. In April this year, although industrial production situation turns for the better, above-scale industrial growth reached 5.9%.

RMB real effective exchange rate in April rose for the end of the decade: mainly influenced by the other major currencies, the dollar index adjustment, the RMB effective exchange rate is also a certain degree of callback, but still maintained a slight appreciation this year.

Shougang performed when the overall market: suspension or preparation for the injection of Shougang Mining: Shougang shares once the reorganization occurred in 2010, the controlling shareholder of Shougang Corporation's move all of the assets at a price of steel will inject 18.37 billion yuan Shougang shares. However, Qiangang abnormal outstanding profitability raises questions of minority shareholders, and led to the restructuring lasted more than two years, until last April to complete the transfer.

NDRC consider unbundling issue corporate bonds to support infrastructure financing: agency quoted informed sources said on condition of anonymity, China's National Development and Reform Commission said in a notice of draft for comments said, to support key areas and project finance, promote stable and rapid economic development, for quality corporate bonds for the seven categories of major investment projects and other project financing package, limited by the number of indicators of corporate bonds.

Manufacturing exports + transition Looking FTA "Iron" opportunity: since 2013 the first countries to establish Shanghai Free Trade Zone, in 2014 the state has approved the establishment of centralized Guangzhou, Fujian, Tianjin, three FTA, since the formation of the east coast free trade zone group. Insiders pointed out that concentrate on building national FTA will be beneficial to the steel industry, particularly in favor of the transformation and upgrading of steel manufacturing.

Shaanxi billion steel project was rejected after threatening Ding Junshan continue to produce environmentally friendly: It is understood that, without the Ministry of Environmental Protection permit, June 28, 2009, a total investment of 13.704 billion yuan in Shaanxi Chinese steel company Sinosteel reconstruction transformation industry consolidation the project will be allowed to start, and formally put into production for several years.

Shenhua coal sales to drop over 2 percent portion of the power plant coal prices to goods on credit: According to April mainly China Shenhua released operational data, the company commercial coal production of 23 million tons, down 5%; coal sales of 31.2 million tons, fell 20.6 percent. In addition, China Coal Energy sales before 4 months also fell Jinliang Cheng.