CROSS-BORDER CAPITAL SHIFTED TO INFLOWS IN THE FIRST THREE QUARTERS OF THIS YEAR. FX SETTLEMENT RATIO SEES ORDERLY REBOUND RECENTLY, FX SALES RATIO EXPERIENCES STEADY DECLINE. FOREIGN OWNERSHIP OF CHINESE YUAN BONDS SURPASSES $640 BILLION, REACHING RECORD HIGH. Key points from the SAFE press conference Foreign exchange trading remains rational and orderly, with a trading volume of $30.27 trillion in the domestic yuan foreign exchange market for the first three quarters, a 10.1% y/y i...
A global survey conducted by Bank of America in October showed that following China’s stimulus package, the net percentage of global fund managers expecting China’s economy to strengthen over the next 12 months rose to 48%, the highest since April 2023. However, it’s worth noting that global equities just triggered a sell signal from Bank of America, the first time since February 2021...
China is to issue 6 trillion yuan of ultra long CGB bonds over 3 years to help local gov to resolve their off balance sheet debt. This is the biggest effort yet from the central government. There are reasons to believe that these CGBs can be front loaded to cushion the downside, instead of being issued evenly over three years. In 2015-2018, the quota was 5 trillion yuan. There is much misunderstanding regarding these numbers...
狮城牧羊人 : unfo china uses opposite colour code - red for bullish.. its time they change to international standard.