as 1)the Chinese real economy likely remains a big drag, and 2) PBOC still wants to avoid a one-sided appreciation of CNY in the context of the weak economic environment, and the fact that Chinese economy is more reliant on exports growth when domestic demand is under downward pressure and shows no signs of turning around. $USD/CNY (USDCNY.FX)$likely stay range-bound in the near term, with a tailwin...
The creator of the "Dollar Smile Theory" predicts that a U.S. rate cut could trigger a $1 trillion repatriation of Chinese funds, leading to a 10% appreciation of the yuan. With the year-end peak of corporate forex settlements approaching, China Securities expects $10 billion in settlements to support the yuan by 1,000 basis points. However, Morgan Stanley believes that for large-scale corporate settlements to occur, the yuan would need to strengthen further to the 6.9 or 6.8 level, which is c...
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 ...
$SSE Composite Index (000001.SH)$ With the Japanese rate hike, the strengthening of CYN against USA are the catalysts benefiting SSE composite index. Entry level at support level of 2900
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Nick Galaxy
:
How many peanuts did you eat? Why are you drinking like this?
102640653
:
Heard china gdp will be close to 6 percent this year. Assuming to have a strong pick up in consumer demand as well as growth from industrial companies.
$Lion-OCBC Sec HSTECH S$ (HST.SG)$ tomorrow don't know ok ma China and Hong Kong stocks closed down on Monday, led by tech and media shares, as profit-taking in those sectors capped advances of key indexes, while the Chinese yuan rebounded from a four-month low. The CSI Anime Comic Game Index fell 4.6%, the largest one-day percentage drop in a month, after rallying nearly 30% since early February. Tech giants traded in Hong Kong f...
WinningTrader
:
Not surprising. It was expected people to take profit, get out, make a quick buck, etc when Chinese govt pumped up the stock market. Without real economy drivers, let's hope and see, or see and hope.
CNY/USD Forum
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2) PBOC still wants to avoid a one-sided appreciation of CNY in the context of the weak economic environment, and the fact that Chinese economy is more reliant on exports growth when domestic demand is under downward pressure and shows no signs of turning around.
$USD/CNY (USDCNY.FX)$ likely stay range-bound in the near term, with a tailwin...
With the year-end peak of corporate forex settlements approaching, China Securities expects $10 billion in settlements to support the yuan by 1,000 basis points.
However, Morgan Stanley believes that for large-scale corporate settlements to occur, the yuan would need to strengthen further to the 6.9 or 6.8 level, which is c...
With the Japanese rate hike, the strengthening of CYN against USA are the catalysts benefiting SSE composite index. Entry level at support level of 2900
The consumption spending is expected to increase by about 5.4% for the year.
$BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$ $MEITUAN-W (03690.HK)$ $JD-SW (09618.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $NASDAQ Golden Dragon China (.HXC.US)$
tomorrow don't know ok ma
China and Hong Kong stocks closed down on Monday, led by tech and media shares, as profit-taking in those sectors capped advances of key indexes, while the Chinese yuan rebounded from a four-month low.
The CSI Anime Comic Game Index fell 4.6%, the largest one-day percentage drop in a month, after rallying nearly 30% since early February.
Tech giants traded in Hong Kong f...
$KraneShares CSI China Internet ETF (KWEB.US)$ $Hang Seng H-Share Index ETF (02828.HK)$ $CNY/USD (CNYUSD.FX)$ $CNH/USD (CNHUSD.FX)$ $NASDAQ Golden Dragon China (.HXC.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $PDD Holdings (PDD.US)$ $MEITUAN-W (03690.HK)$ $Meituan ADR (MPNGY.US)$
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