That’s a bit of a let-down for investors who expected officials to unveil the value of additional special sovereign bonds at the presser. On steps to help big state banks to replenish their capital, Vice Finance Minister Liao Min said the ministry is waiting for the lenders to submit their specific plans, and that work is progressing. Banks that are listed ...
On Lan’s remarks that local governments have 2.3 trillion yuan of funds from special bonds that they can use by the end of this year -- That’s NOT fresh stimulus, because he said that comprised of bonds that have been issued but not used yet, plus bonds that haven’t been issued but within this year’s quota. So it’s all within the budget previously known. So I think AFP's report about issuing $325 billion in bonds was not precise. $BANK OF CHINA (03988.HK)$$CNH/CNY (CNHCNY.FX)$$USD/CNH (USDCNH.FX)$$Hang Seng Index (800000.HK)$$NASDAQ Golden Dragon China (.HXC.US)$
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"not precise" perhaps, but more importantly, it's misleading. people gotta be careful about information like this especially when there's so many eyes on the Chinese stock market recently
There is nothing concrete in supporting the market. Hope you have sold during the last few trading sessions. $KraneShares CSI China Internet ETF (KWEB.US)$ $Moomoo (FUTU.US)$ $JD.com (JD.US)$ $Alibaba (BABA.US)$ $PDD Holdings (PDD.US)$ $BANK OF CHINA (03988.HK)$
BCL Futures(OCT4) Forum
On steps to help big state banks to replenish their capital, Vice Finance Minister Liao Min said the ministry is waiting for the lenders to submit their specific plans, and that work is progressing. Banks that are listed ...
So I think AFP's report about issuing $325 billion in bonds was not precise.
$BANK OF CHINA (03988.HK)$ $CNH/CNY (CNHCNY.FX)$ $USD/CNH (USDCNH.FX)$ $Hang Seng Index (800000.HK)$ $NASDAQ Golden Dragon China (.HXC.US)$
Oct. 15, Tue, 41.7 bln yuan
Oct. 16, Wed, 61.0 bln yuan, 789 billion yuan MLF
Oct. 17, Thu, 150 bln yuan
Oct. 27, Fri, 94.2 bln yuan
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Total 346.9 billion yuan 7-day RRP due.
$HKD-RMB DUAL COUNTER MODEL (LIST1352.HK)$ $CNH/CNY (CNHCNY.FX)$ $BANK OF CHINA (03988.HK)$ $HKEX (00388.HK)$
JAPAN EQUITIES SAW $9 BLN OUTFLOWS, THE LARGEST WEEKLY OUTFLOWS IN 20 YEARS.
$BANK OF CHINA (03988.HK)$ $HKEX (00388.HK)$ $SH->HK Connect (GangGuTong.HK)$ $CSI 300 Index (800122.HK)$ $Hang Seng TECH Index (800700.HK)$
Roller coaster ride.
Securities & Brokerage: $HTSC (06886.HK)$ $CMSC (06099.HK)$
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Digital Solutions: $TENCENT (00700.HK)$ $TRAVELSKY TECH (00696.HK)$ $CHINASOFT INT'L (00354.HK)$
Online Retailer: $BABA-W (09988.HK)$ $MEITUAN-W (03690.HK)$ $JD-SW (09618.HK)$
Insurer: $PING AN (02318.HK)$ $AIA (01299.HK)$ $CHINA LIFE (02628.HK)$
Telecommunication: $CHINA MOBILE (00941.HK)$ $CHINA TELECOM (00728.HK)$