BANK OF CHINA Stock Forum

According to Huaxi Securities, yen carry trade refers to foreign investors borrowing yen and exchanging it for higher-yielding currencies like the dollar, benefiting from the interest rate differential and yen depreciation. Investing in Chinese bonds through forward rate agreements is a reverse trade that locks in forward exchange rates to secure excess swaps market spreads. Most of the existing transactions involving foreign ins...

Huajin Securities noted that the PBOC's Q2 monetary policy implementation report indicates that a new monetary policy framework is emerging. In the context of high risks of a rebound in the U.S. dollar index and a cooling demand for debt financing due to China’s economic transition, stabilizing interest rates is key to stabilizing exchange rates, and deleveraging is essential to prevent the e...

Adjusted disclosure includes:
Shanghai Stock Connect:
After the market closes each trading day, the total transaction amount and number of transactions, ETF transaction amounts, the top ten active securities and their transaction amounts will be disclosed. Monthly and annual summaries of the aforementioned data will also be provided.
On the fifth trading day of each quarter, ...

With devaluation pressure high, monetary authorities take measures to hedge against it, and counterparties provide leverage, lending money to the authorities.
These counterparties will make two trades: shorting RMB futures and holding RMB bonds. The income comes from two parts: swap points paid by the authorities and bond coupons.
If the maturity matches well, it's pure fixed income. However, some are imperfectly ...

Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures.
Should reserve and launch a number of incremental policy measures ASAP.
Domestic effective demand remains insufficient.
Saw many risks and hidden dangers in key areas.
It is necessary to strengthen counter-cyclical adjustments, a...

The one-year deposit rate was cut for the first time in a year, with more significant reductions in long-term rates.
All 12 national joint-stock banks completed this round of deposit rate cuts.
The reduction in long-term deposit rates was more substantial, with two-year, three-year, and five-year fixed deposit rates generally cut by 0.2 percentage points. Ping An Bank reduced its two-year fixed deposit rate by 0.3%.
Man...

On Thursday, the People's Bank of China (PBOC) announced a 200 billion yuan Medium-term Lending Facility (MLF) operation through interest rate bidding, with a winning bid rate of 2.3%, down by 20 basis points from the previous rate. Industry insiders noted that this additional MLF operation signals an easing stance, addressing financial institutions' medium- to long-term funding needs. The ti...