Investment Daily Note

According to Reuters, People’s Bank of China has started an investigation into the accuracy of commercial banks' data on non-performing loans (NPLs). Actual situation of NPLs may be worse than current level, and this is negative to China’s banks.

    Newly amended regulations toward China stock suspensions will soon be announced next week, reported by CNSTOCK, and this could raise the possibility of MSCI inclusion of A-shares. HSI may possibly rebound on the news, but be cautious at resistance 20,000 pts.