Investment Daily Note

Market Highlights

According to the China Banking Regulatory Commission, nonperforming loans ratio of China commercial banks climbed to 1.81% from 1.75% as of the end of June. While the loan provisioning ratio weakened to 161% from 175%, signaling a possible drag on future profits.

China Railway (390.HK)announced the major operating information for the 2016Q2. The number of newly-signed projects and the value of newly-signed contracts have recorded at 159.9 and 358.6 billion yuan, representing a 26% and 29.6% increase yoy in value. It is in favor of the stock price.