China Lottery Ticket Sales Revenue CNY 21.61 Bn in June, Up 23.8% YoY

Source: Ministry of Finance, ChinaScope Financial (Data)

+       According to data released by the Ministry of Finance on July 18, the value of lottery tickets sold in June totaled CNY 21.61 billion, an increase of CNY 4.16 billion, or 23.8% year-on-year.

+       Specifically, welfare lottery sales reached CNY 12.54 billion, increasing CNY 2.08 billion or 19.9% compared to the same period last year. China’s sports lottery sales amounted to CNY 9.08 billion, growing CNY 2.08 billion, or 29.8% year-on-year.

Despite slowdown in the macro economy, lottery sales remain stable. The seasonal effect of the spring festival is highly pronounced.

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here

Feb 09 - MOF Issues One-Year Treasury Bonds with Higher Rate than Expected

Source: Caijing, ChinaScope Financial (Data)

+       The Ministry of Finance (MOF) auctioned one-year fixed rate treasury bonds amounting to CNY 28 billion in the inter-bank bond market on February 8. It is known that the bond rate was 2.87%, higher than the expected average value.

+       Based on the yield curve of fixed rate treasury bond from China Government Securities Depository Trust and Clearing, the latest yield of one-year treasury bond is 2.8176%, 6 base points lower than the auctioned bond rate this time.

Summary of Interbank Bonds Yield as of February 8, 2012

Other News Headlines:

nNational Bureau of Statistics: CPI 4.5% YoY and PPI 0.7% YoY in January

n MOF Issues One-Year Treasury Bonds with Higher Rate Than Expected

n Zhejiang Enhances Supervision on Small-Loan Companies

n Commercial Housing Sales Decreased 20.5% in Space in Zhejiang

n Jianghuai Auto: Jan. Sales Reached 28,800 Units

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here