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Express News | The National Development and Reform Commission organized a meeting to promote the deepened pilot cooperation of the investment and lending linkage.
Express News | Yifei Laser plans to repurchase shares for 50 million to -0.1 billion yuan.
Henry Hub Natural Gas in Europe plummets as Germany discusses relaxing storage regulations.
The price of Henry Hub Natural Gas in Europe has fallen further to a two-month low due to the German utility companies pushing to relax storage targets. The benchmark Futures closed at the lowest level since December 20, having dropped as much as 7.8% earlier. A manager from Uniper SE stated that the German utility companies are advocating for a reduction in the replenishment target for this winter to 80%. Coupled with other driving factors, such as actions taken by the USA to end the war in Ukraine and warming weather, this is alleviating the pressure on the supply outlook in the coming months. Prices have dropped over 20% in two weeks. European inventories have been a major focus this year.
Express News | Société Générale: The economic outlook for the United Kingdom and Sweden is diverging, recommending to short the British Pound against the Swedish Krona.
Express News | Yibin Tianyuan Group: The controlling shareholder has obtained a loan commitment letter for 0.27 billion yuan.
Industrial Bank (601166.SH) spent 6.6 billion yuan to purchase the land of Evergrande Group's original super headquarters in Shenzhen.
Industrial Bank (601166.SH) recently announced that its Shenzhen branch plans to purchase certain properties in the T208-0054 site project located in Nanshan District, Shenzhen, at a total purchase price not exceeding 6.6 billion yuan. The bank has reached a preliminary Trade intention with the project development and construction unit Shenzhen An and No. 1 Real Estate Development Co., Ltd. It is understood that the T208-0054 site in Nanshan District, Shenzhen was originally the land for Evergrande Group's super headquarters project, which the group purchased in December 2017 and planned to develop into a super headquarters. However, due to subsequent debt crisis issues, the project was ultimately taken over by Industrial REITs, Anjuke, and others.