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Caixin, Nikkei to sponsor global PMIs

HSBC is out. Caixin and the Nikkei are in.

A week after HSBC said it wouldn't renew its five-year contract to sponsor Markit's global purchasing managers' indices, two new sponsors have been revealed.

Caixin Media, the Beijing-based group known for its independent, in-depth journalism on China, said today it would sponsor the influential manufacturing and services reports on the mainland, beginning in August.

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