Gold reserves remain steady at 62.64m oz

China's gold reserves stood at 62.64 million ounces at the end of May, unchanged from the level in April, official data showed. The country's gold reserves had remained at the same level for 20 months, said the People's Bank of China, the central bank. The country's foreign exchange reserves stood at $3.2218 trillion by the end of last month.

Poly Real Estate sales up 26.2% in May

Major Chinese real estate developer Poly Developments and Holdings Group Co, also known as Poly Real Estate, posted growth in sales last month. Its contracted property sales went up 26.22 percent year-on-year to 59.41 billion yuan ($9.28 billion) in May, the company said in a statement filed with the Shanghai Stock Exchange. Its contracted floor area sales reached 3.89 million square meters during the period, up 22.59 percent on a yearly basis, the company said.

Xinhua