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China Press/Corporate Summary Ahead of Open   
Tue, 01 Dec 08:27 PM EST/01:27 AM GMT
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China 10 major copper smelters issue statement that they agree to cut output by 350K tonnes for 2016. The amount is equivalent to about 8.8% of annual output and higher than 200K tonnes prior speculated. The smelters also asked the government to buy and store copper to support the market as current copper price is departure from fundamentals.

China vice finance minister Zhu Guangyao says the inclusion of Yuan into SDR basket does not mean the end of financial reform. China will continue with managed float for currency in economic transition.

NDRC cuts fuel price for 3rd consecutive time.

China plans to start IPO registration system before law revision is completed.

Premarket movers:
- Guosen Securities 002736.CN -0.3% (to adjust ban loan provision methods)
- Guangzhou Baiyunshan Pharmaceutical Holdings 874.HK +3.0% (clarification)
- Car Inc 699.HK -8.3% (Hertz to dispose shares)

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