CNH/HKD Forum

July 24, Mon, 33 bln yuan
July 25, Tue, 15 bln yuan
July 26, Wed, 25 bln yuan
July 27, Thu, 26 bln yuan
July 28, Fri, 13 bln yuan
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Total 112 bln yuan 7-day RRP.
$USD/CNH (USDCNH.FX)$ $CNH/USD (CNHUSD.FX)$ $USD/CNY (USDCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $HKD/CNH (HKDCNH.FX)$ $CNH/HKD (CNHHKD.FX)$

PBOC EASES THE CROSS-BORDER FUNDING BY RAISING THE MACRO-PRUDENTIAL PARAMETER TO 1.5 FROM 1.25.
Offshore yuan $CNH strengthens per USD by 260 pips and back to the 7.21 mark.
$USD/CNH (USDCNH.FX)$ $CNH/HKD (CNHHKD.FX)$ $HKD/CNY (HKDCNY.FX)$ $CNY/HKD (CNYHKD.FX)$ $USD/HKD (USDHKD.FX)$ $iShares MSCI China ETF (MCHI.US)$ $CSOP Hang Seng TECH Index ETF (03033.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $BABA-W (09988.HK)$ $JD-SW (09618.HK)$

The net injection by PBOC this week comes to 704 billion yuan, the most since mid-October.
$CNH/HKD (CNHHKD.FX)$ $CNH/CNY (CNHCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $USD/CNY (USDCNY.FX)$ $BANK OF CHINA (03988.HK)$ $HKEX (00388.HK)$

The central bank sells 203 bln yuan of 14-day reverse repo and 2 bln yuan of 7-day reverse repo, injecting 164 bln yuan into the open market on a net basis today.
$USD/CNY (USDCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $CNH/CNY (CNHCNY.FX)$ $CNH/HKD (CNHHKD.FX)$ $NASDAQ Golden Dragon China (.HXC.US)$

Both the onshore and offshore Chinese yuan strengthened against the dollar in Asia’s session ahead of a press conference on Covid measures.
The greenback lost 1.09% against the offshore yuan and 0.65% against the onshore yuan, with both trading around 7.16-levels. The offshore yuan traded near 7.24 per dollar before it strengthened sharply.
Chinese yuan strengthens：
$USD/CNY (USDCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $CNH/CNY (CNHCNY.FX)$ $CNH/HKD (CNHHKD.FX)$ $CNH/USD (CNHUSD.FX)$ $NASDAQ Golden Dragon China (.HXC.US)$ $China Concept Stocks (BK2517)$ $Tencent (TCEHY.US)$ $BABA-W (09988.HK)$