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 ...
1) Expanding the transborder investment channel called Bond Connect between Hong Kong and the mainland's financial markets, starting on February 26. 2) Bonds under Bond Connect will be included as Eligible Collateral for HKMA's yuan liquidity arrangement, starting on February 26. 3) Foreign investors can participate more in domestic bond repurchase businesses. 4) Will ease cross-border payment rules within the Greater Bay Area...
1. China's August CPI Rebounds from July's Negative Territory, Easing Deflation Concerns Content: In August, China's Consumer Price Index (CPI) increased by 0.1% compared to July's -0.3%, driven by improvements in the Producer Price Index (PPI) from -4.4% to -3.0%. These changes alleviate concerns of deflation, especially as manufacturing PMI readings showed expansion in August. China's export sector is gradually recovering while Beijing ...
HopelessChi
:
China economy is in weak stage. everything said is not effective, the truth is the country is not doing well. the pullback will erase the gains this week. very simply sell off. US is clocking ATH, you know what I mean?
The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated that he believes de-dollarization will not occur, and that the US dollar will remain an important international currency for the next 10 to 20 years. A large part of international trade will still rely on the US dollar, but as China's economic ties with the world strengthen, the RMB will gradually become one of the majo...
Alibaba Group's application for the addition of RMB counters has officially come into effect, and the company will have counters denominated in Hong Kong dollars and RMB, becoming one of the first batch of securities designated by the Hong Kong Stock Exchange as the "Hong Kong dollar RMB dual counter model". After joining the dual counter model, Alibaba Group's stock was given a RMB stock cod...
CNY/HKD Forum
Content: In August, China's Consumer Price Index (CPI) increased by 0.1% compared to July's -0.3%, driven by improvements in the Producer Price Index (PPI) from -4.4% to -3.0%. These changes alleviate concerns of deflation, especially as manufacturing PMI readings showed expansion in August. China's export sector is gradually recovering while Beijing ...
664 billion yuan has been drained on a weekly basis.
PBOC's 7-Day Reverse Repo dues this week (in yuan):
Sept. 4, Mon, 332 bln yuan
Sept. 5, Tue, 385 bln yuan
Sept. 6, Wed, 382 bln yuan
Sept. 7, Thu, 209 bln yuan
Sept. 8, Fri, 101 bln yuan
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Total 1,409 bln yuan 7-day RRP due.
$KraneShares CSI China Internet ETF (KWEB.US)$ $CNY/USD (CNYUSD.FX)$ $USD/CNY (USDCNY.FX)$ $CNY/HKD (CNYHKD.FX)$ $HKD/CNY (HKDCNY.FX)$ $HKEX (00388.HK)$
Offshore yuan $CNH strengthens per USD by 260 pips and back to the 7.21 mark.
$USD/CNH (USDCNH.FX)$ $CNH/HKD (CNHHKD.FX)$ $HKD/CNY (HKDCNY.FX)$ $CNY/HKD (CNYHKD.FX)$ $USD/HKD (USDHKD.FX)$ $iShares MSCI China ETF (MCHI.US)$ $CSOP Hang Seng TECH Index ETF (03033.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $BABA-W (09988.HK)$ $JD-SW (09618.HK)$
$Hang Seng H-Share Index ETF (02828.HK)$ $Hang Seng Index (800000.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $iShares MSCI China ETF (MCHI.US)$ $CNY/USD (CNYUSD.FX)$ $CNY/HKD (CNYHKD.FX)$ $USD/HKD (USDHKD.FX)$
A large part of international trade will still rely on the US dollar, but as China's economic ties with the world strengthen, the RMB will gradually become one of the majo...
June 19, Mon, 2 bln
June 20, Tue, 2 bln
June 21, Wed, 2 bln
June 25, Sun, 44 bln
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Total 50 bln yuan 7-day RRP.
*June 22-23 Dragon Boat Festival holiday, no RRP due.
$CNY/USD (CNYUSD.FX)$ $USD/CNY (USDCNY.FX)$ $USD/HKD (USDHKD.FX)$ $HKD/USD (HKDUSD.FX)$ $CNY/HKD (CNYHKD.FX)$ $HKD/CNY (HKDCNY.FX)$ $HKEX (00388.HK)$ $HONG KONG EXCHANGE (HKXCY.US)$ $BIDU-SW (09888.HK)$ $JD-SW (09618.HK)$ $TENCENT (00700.HK)$
$Alibaba (BABA.US)$ HK$4.3m
$Tencent (TCEHY.US)$ HK$36.6m
$JD.com (JD.US)$ HK$1.8m
$Meituan(ADR) (MPNGF.US)$ HK$9.3m
With the exception of Tencent, the interest in RMB-denominated shares from HK/foreign investors is not substantial. We still await the inclusion of these RMB counters in the Stock Connect. $SZ->HK Connect (LIST1922.HK)$ $SH->HK Connect (GangGuTong.HK)$
...
After joining the dual counter model, Alibaba Group's stock was given a RMB stock cod...
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