Investment Daily Note

According to the China Business News, a source familiar with the matter said the PBOC has recently pledged supplementary lending (PSL) to selected banks to provide monetary base. The scale could be up to RMB1.5 trillion, equivalent to two rounds of RRR cut.

Perfect Shape (1830.HK) issues positive profit alert, expecting a substantial YoY increase in consolidated net profit for the year ended March 2015. The group said the increase was mainly due to the increased average spending per customer and expansion of service centres network which broadened the group’s customer base.