RBNZ: Conway - Tariffs To Dampen Medium Ter Inflation, RBNZ Ready To Act

China’s Iranian oil imports have avoided disruption so far, despite the ongoing conflict, according to Du Bingqin, an energy analyst at Everbright Futures, noting that tighter U.S. sanctions could strain Chinese refiners, especially smaller ones. Notably, Kpler data estimated China's onshore crude stockpiles have reached at least 1.13 billion barrels, a record high and equivalent to 74 days of usage. Iran represents a small part of China’s overall foreign trade, with exports and imports accounting for 0.19% and 0.22% of the total between January and May. (Source: Yicai)

The People’s Bank of China is expected to net inject liquidity via its medium-term lending facility in June for the fourth consecutive month, following a net CNY200 billion in outright reverse repurchases earlier this month, said Wang Qing, analyst at Golden Credit Rating. The move helps smooth funding fluctuations amid large-scale government bond issuance and a peak in maturing interbank certificates of deposit, said Wang. (Source: Securities Daily)

China’s top securities regulator’s latest IPO pre-review mechanism for high-quality technology firms helps protect their core technology and shorten the listing cycle with improved audit efficiency and confidentiality, China Securities Journal reported, citing analysts. The mechanism marks a key step in the internationalisation of China’s capital market, benchmarking with mature market confidential IPO submission standards, which benefits the overseas listing of Chinese tech firms, the newspaper said.