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15/05/2025
The onshore Chinese yuan against the US dollar closed at 7.2090 at 03:00 Beijing time, a decrease of 50 basis points from the Tuesday night trading session. Trading volume was 45.31 billion US dollars.
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Open Source Securities: the food and beverage sector is mainly focused on white liquor configuration, with three main themes of popular products layout.
1 m ago
The research report from CITIC Securities stated that the growth rate of social financing continued to rise in April, mainly due to the low base caused by last year's government bond issuance and low credit demand. On one hand, the halt in hand-made subsidies in April last year led to a low credit base, and on the other hand, the net financing of government bonds in April last year was the lowest value since it was included in the social financing statistics. However, considering that April itself is a small month for social financing and credit, further observation is needed to determine the financing demand. Looking ahead, the negative impact of tariffs on the economy objectively exists, but in the context of loose monetary conditions and accelerated fiscal efforts, we expect the growth rate of social financing to remain stable in the second quarter.
1 m ago
CITIC Securities: It is expected that the growth rate of social financing in the second quarter will remain stable.
1 m ago
Modern cars are building the first factory in the Middle East in Saudi Arabia with an annual production capacity of 50,000 vehicles.
1 m ago
Modern Automobil Company announced on Thursday that the company has broken ground on a production plant in Saudi Arabia. This is its first manufacturing base in the Middle East, marking an important milestone in the company's global expansion. Local time on Wednesday, Hyundai Motor Middle East Manufacturing Company (HMMME) held a groundbreaking ceremony in the Salman King Automotive Industry Park in the King Abdullah Economic City (KAEC) in Saudi Arabia. HMMME is a joint venture established by Hyundai Motor and the Saudi Public Investment Fund (PIF) with a 30-70 equity ratio. Production is set to begin in the fourth quarter of 2026 with an annual capacity of 50,000 vehicles, including electric cars and internal combustion engine models.
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