CHINA: BEFORE THE OPEN, 07Jun2013

Happy Friday. A very light news day as China recovers 1% in US trading and LightInTheBox rises 22% in its debut on the NYSE. Retail fuel price reductions are in effect from today and China Everbright looks forward to an upcoming HK listing. Here’s what you need to know before the open.

IPO GOGOGO!

1. China recovers 1% in US trading led by LightInTheBox IPO

2. Home run for China’s first NY IPO this year (LITB, +22%)

3. Retail fuel price cuts in effect from midnight last night

4. Everbright Bank (601818) hopes for third time lucky in $31b HK listing

5. Xiaomi to Double Sales as Low-Cost Phones Chase Apple

6. Dell opens new mega-factory in Chengdu