GREATER CHINA DAYBOOK: IMF on SDR; Zijin Gold Deals; Aliba

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(BFW) GREATER CHINA DAYBOOK: IMF on SDR; Zijin Gold Deals; Aliba
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GREATER CHINA DAYBOOK: IMF on SDR; Zijin Gold Deals; Alibaba
2015-08-04 23:01:09.654 GMT


By Bloomberg News
    (Bloomberg) -- IMF says yuan trails global counterparts in
major benchmarks, “significant work” in analyzing data needed
before deciding whether to grant currency reserve status.
    IMF staff members also open door to possible delay in any
approval with proposal to postpone by 9 mos., until Sept. 2016,
implementation of change in basket of currencies that make up
its Special Drawing Rights, according to update on the 5-yearly
review released Tuesday. IMF says postponing change would make
the transition to a new basket smoother.


WHAT TO WATCH:

 * Hebei Steel, Tewoo said to approach Fortescue on
   infrastructure stake
 * Zijin plans more gold deals after $1b acquisitions spree
 * Global economy and China’s “new normal” add uncertainty to
financial reform, former CASS VP Li Yang writes in Fin. News

 * Chinese car mkt may worsen as BMW sees growth-engine
   stalling
 * Elong surges most in a yr in N.Y. on Tencent’s buyout bid
u* Alibaba taps former Goldman Sachs partner for global push

 * Archer-Daniels-Midland drops purchase of Meiweiyuan Biotech
 * HSBC names Antonio Simoes CEO of U.K.-Europe, replacing Keir
 * PBOC reiterates to pursue prudent monetary policy in 2H
 * Foxconn ready to invest $2b in high tech in India over
   decade
 * Stock bears just give SocGen more reasons to buy in China
 * NDRC cuts gasoline price by 220 yuan/ton starting Wed.
 * China lets 3 AM firms buy non-finl bad assets: Xinhua



ECONOMY:

 * Taiwan July CPI, 8:30 a.m.; est. -0.63% y/y
 * Caixin China Composite, Services PMI, 9:45 a.m.
 * Nikkei Hong Kong PMI, 10:30 a.m.


EARNINGS:

 * Anta Sports (2020 HK) 1H
 * Everbright Securities (601788 CH)
 * HKT (6823 HK) 1H
 * Hysan (14 HK) 1H
 * Pacific Century Premium (432 HK) 1H
 * Standard Chartered (2888 HK) 1H; pretax est. $2.7b


BONDS:

 * China to sell 30b yuan of 10-yr bonds; est. yld 3.45%:survey
 * Taiwan may sell 30y bonds at 2.3%, results after 12 p.m.


CONFERENCES/CORPORATE EVENTS:

 * China Yongda on new strategic partnership, Shanghai, 1:30
   p.m.
 * Standard Chartered 1H earnings briefing, 4:30 p.m.
 * Melco Crown to announce Studio City opening date, 4:30 p.m.


ANALYST RATINGS:

 * China Railway Const. (1186 HK): Raised to buy at UBS
 * Shanghai Pharma (601607 CH): Rated new buy at HSBC


EQUITY PREVIEW:

 * Investors can’t afford to avoid China: Carlyle’s Rubenstein
 * Sumitomo Mitsui to invest in China via stk connect: Nikkei
 * Airlines: Chinese carriers benefit as oil prices fall to 6-
   mo. low
 * Autos: BMW cuts China production by 16,000 cars: CFO; Jaguar
   Land Rover to recall 19,943 imported vehicles in China
 * Beverages: China bars some Coca-Cola orange juice
   concentrate
 * Coal: China on track to shut 1,131 small mines this yr:
   Xinhua
 * Internet: Police to set up “security offices” at cos.:
   Xinhua; China to back cybersecurity trials of telecom cos.
 * Refiners: China cuts gasoline price by 220 yuan/ton starting
   Wed.; PetroChina (857 HK), Sinopec (386 HK)
 * Textiles: EU, Vietnam reach free-trade deal
 * ACES (3605 TT), Mec Imex (4962 TT): End plan to merge; ACES
   will buy Mec Imex shrs in open offer
 * Asia Cement China (743 HK): 1H net drops 97% y/y to 9.9m
   yuan
 * Beijing Enterprises Medical (2389 HK): To buy space in
   Beijing building for head office for up to 63m yuan
 * China Railway Const. (1186 HK): Wins 17.2b yuan subway bid
 * China TCM (570 HK): To buy 23.8% of Tianjiang Pharma from
   Shanghai Jahwa (600315 CH) for 2.33b yuan
 * Chow Tai Fook (1929 HK): Rent cut 39% for one shop: Standard
 * Everbright Bank (601818 CH): Tightens stk-financing risk
   control: Caixin
 * Glencore (805 HK): S. Africa suspends Optimum Coal ops
 * Hisense (600060 CH): To independently market Sharp, own TV
   brands after deal
 * Hoifu (7 HK): Scraps Madagascar Natural Gas deal, in new
   pact
 * Hon Hai (2317 TT): Foxconn ready to invest $2b in tech in
   India
 * Huadong Medicine (000963 CH): Plans up to 3.5b yuan
   placement
 * Huaxia Bank (600015 CH): VP Huang Jinlao quits on job
   transfer
 * Huishan Dairy (6863 HK): Repurchases 5.59m shares
 * Hutchison Telecom (215 HK): 1H net rises 57% y/y to HK$508m
 * King Stone (663 HK): To sell up to 668m shrs at HK$0.275
   each
 * Landing Intl (582 HK): To buy Genting H.K. (678 HK) out of
   S. Korean casino for 130b yuan
 * Leshi Internet (300104 CH): To unveil smart bicycle Aug. 11
 * MGM China (2282 HK): 2Q adj. prop. Ebitda $142m ex-fees;
   est. $137.5m; parent expects decision on REIT by yr-end
 * Midea (000333 CH): To form robot JV with Yaskawa’s China
   unit
 * Sainty Marine (002608 CH): Overdue debt rose by $2.96m Aug.
   2
 * Shanghai Jahwa (600315 CH): To sell 23.8% of Tianjiang
   Pharma
 * Shunfeng Intl (1165 HK): Expects 1H net to drop >50% y/y
 * SIM Tech. (2000 HK): Expects 6-mo. net to rise y/y
 * Sinopec (386 HK): Parent says earlier report on staff recall
   was inaccurate: NBD
 * Times Property (1233 HK): May expand into Shenzhen: Standard
 * Tongda Venture (600647 CH): CSRC accepts China Digital TV
   deal
 * U-Home (2327 HK): To raise HK$213.2m in 1-for-2 rights offer
 * Xi’An Minsheng (000564 CH): To buy trading house for 26.8b
   yuan
 * Zijin Mining (601889 CH): Plans more gold-mining deals


BTV HIGHLIGHTS (ALL TIMES HONG KONG/CHINA):

 * 11:10 Macquarie Sec. Head: Asian Strategy Viktor Shvets


For Related News and Information:
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To contact Bloomberg News staff for this story:
Kana Nishizawa in Hong Kong at +852-2977-4627 or
knish...@bloomberg.net;
Jun Luo in Shanghai at +86-21-6104-3036 or
jl...@bloomberg.net
To contact the editors responsible for this story:
John Liu at +86-10-6649-7565 or
jli...@bloomberg.net
Joshua Fellman

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