On Monday, U.S. stocks and bonds were closed for Labor Day, while European stocks showed mixed results. The pan-European index halted its four-day winning streak, with German stocks rebounding to a record high, driven by a nearly 2% rise in the real estate sector.$CATHAY PAC AIR (00293.HK)$Cathay Pacific reported an issue with engine parts on its Airbus A350 planes, leading to a 6.5% drop in supplier Rolls-Royce shares, marking their biggest decline in over a year, while Airbus fel...
Ratings agency Fitch no longer expects China to cut its policy rate this year, instead delaying such a reduction to next year as the U.S. Federal Reserve keeps its interest rates high. Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year. In March, the ratings agency had forecast one cut for 2024. “There are a coupl...
1. This year’s Singles’ Day shopping bonanza is turning out to be a boon for new e-commerce and online shopping trends. Shifting Trends in Singles' Day E-Commerce Singles' Day, popularized by Alibaba more than a decade ago, has undergone changes in China's e-commerce landscape, with consumers turning to live video streaming platforms that provide a more engaging experience. During this year's Double 11 festival period, platforms su...
According to John Lee, Hong Kong will make every effort to include RMB counters in the Stock Connect Scheme and promote RMB-denominated trading of HK stocks. It aims to implement measures related to offshore RMB bond futures and diversify RMB investment vehicles. $CNH/USD (CNHUSD.FX)$$CNY/USD (CNYUSD.FX)$$HKEX (00388.HK)$$Hang Seng Index (800000.HK)$
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Report
Tao Liu4
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As a result, all foreign capital was withdrawn from the Hong Kong stock market, and Hong Kong lost its low position as an Asian financial center
China saw outflows from both the current account and capital account in September, official data showed. Contributing factors included a service deficit linked with outbound travel, a slump in direct investment and extended securities-related outflows. Overseas funds cut their holdings of Chinese sovereign bonds by 13.5 billion yuan in September, according to data released by China Central Depository & Clearing on Friday. Their total holding of the debt dropped to 2.07 trillion yu...
Capital is exiting China at the fastest pace in more than seven years, piling extra pressure on the yuan. The exodus has intensified in recent weeks as the nation’s teetering real estate industry casts a shadow over the world’s second-largest economy even after third-quarter growth surpassed economists’ expectations. China’s currency regulator – the State Administration of Foreign Exchange – said on Friday (Oct 20) that onshore banks s...
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Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year.
In March, the ratings agency had forecast one cut for 2024.
“There are a coupl...
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Shifting Trends in Singles' Day E-Commerce Singles' Day, popularized by Alibaba more than a decade ago, has undergone changes in China's e-commerce landscape, with consumers turning to live video streaming platforms that provide a more engaging experience. During this year's Double 11 festival period, platforms su...
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Overseas funds cut their holdings of Chinese sovereign bonds by 13.5 billion yuan in September, according to data released by China Central Depository & Clearing on Friday. Their total holding of the debt dropped to 2.07 trillion yu...
The exodus has intensified in recent weeks as the nation’s teetering real estate industry casts a shadow over the world’s second-largest economy even after third-quarter growth surpassed economists’ expectations.
China’s currency regulator – the State Administration of Foreign Exchange – said on Friday (Oct 20) that onshore banks s...
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.
$USD/CNH (USDCNH.FX)$ $CNH/USD (CNHUSD.FX)$ $USD/CNY (USDCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $HKD/CNH (HKDCNH.FX)$ $CNH/HKD (CNHHKD.FX)$
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