PRE-MARKET CHINESE STOCK NEWS: CNOOC (883 HK) recently found new natgas field in Bohai

CNOOC (883 HK)
- Co. recently found new natgas field in Bohai. (Newswires)

Geely Auto (175 HK)
- Volvo Cars unit CEO says on track for FY17 vehicle sales of 800K units, although guides FY18 vehicle sales at 600K units. (Newswires)

Gemdale (535 HK)
- Co. November contracted sales rose 28% Y/Y to CNY 9.46bln. (Newswires)

Financials
- China end-Q3 Trust AUM was at CNY 24.4tln, while 9-month trust firms' profit rose 6.8% Y/Y. (Newswires)
- PBOC is to crack down on unlicensed payment firms. (21st Century Business Herald)
- 10 Chinese banks reportedly pushed back new asset management rules during a closed meeting as they highlighted that rules could trigger liquidity risks and increase volatility. (Newswires)

Other News
- PBOC Governor Zhou reiterated that they are to keep prudent and neutral monetary policy. (Newswire)

Data Recap
- Hong Kong Foreign Reserves (USD)(Nov) 422.1bln (Prev. 419.2bln). (Newswires)
- China FX Reserves (USD)(Nov) 3.109tln vs Prev. USD 3.109tln

08 Dec 2017 - 01:02- ForexResearch Sheet- Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: