1. China's CSI 300 Index to Include More Tech Firms China's CSI 300 Index, akin to the S&P 500, is set to include more technology-related companies in its bi-annual review. This move reflects China's evolving economy driven by technological advancements. Chip industry leaders like Cambricon Technologies, Empyrean Technology, and Hygon Information Technology will be added, aiming to balance the index, currently skewed towards fina...
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 ...
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...
HKD/CNY Forum
China's CSI 300 Index, akin to the S&P 500, is set to include more technology-related companies in its bi-annual review. This move reflects China's evolving economy driven by technological advancements. Chip industry leaders like Cambricon Technologies, Empyrean Technology, and Hygon Information Technology will be added, aiming to balance the index, currently skewed towards fina...
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.
$USD/CNH (USDCNH.FX)$ $CNH/HKD (CNHHKD.FX)$ $HKD/CNY (HKDCNY.FX)$ $CNY/HKD (CNYHKD.FX)$ $USD/HKD (USDHKD.FX)$ $iShares MSCI China ETF (MCHI.US)$ $CSOP Hang Seng TECH Index ETF (03033.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $BABA-W (09988.HK)$ $JD-SW (09618.HK)$
The $USD/CNH (USDCNH.FX)$ one-month volatility rose to 5.29% with risk reversals touching a one-week high.
$USD/CNY (USDCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $HKD/USD (HKDUSD.FX)$ $USD/HKD (USDHKD.FX)$ $HKD/CNY (HKDCNY.FX)$ $Hang Seng Index (800000.HK)$ $Hang Seng H-Share Index ETF (02828.HK)$ $iShares MSCI China ETF (MCHI.US)$
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. $SZ->HK Connect (LIST1922.HK)$ $SH->HK Connect (GangGuTong.HK)$
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After joining the dual counter model, Alibaba Group's stock was given a RMB stock cod...
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