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...
Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures. Should reserve and launch a number of incremental policy measures ASAP. Domestic effective demand remains insufficient. Saw many risks and hidden dangers in key areas. It is necessary to strengthen counter-cyclical adjustments, a...
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As a result, all foreign capital was withdrawn from the Hong Kong stock market, and Hong Kong lost its low position as an Asian financial center
Sharing the economy challenges in China that might affect$USD/CNH (USDCNH.FX)$ 📌 China’s property crisis 👉🏻 (1) giant developer to suspend trading of at least 10 onshore bonds. (2) another giant developer filed for bankruptcy on thursday 📌 Slump in demand from businesses and households to borrow money for the future 📌 Stop publishing data as youth unemploynent hits record high
1. China has brought up loosening and supportive measures aimed at the real estate and retail consumption sectors. China’s new home starts fell to their lowest level in 17 years, highlighting the urgent need for more substantive measures to generate economic activity in other sectors while the real estate market recovers. The National Development and Reform Commission also promised to open up more infrastructure projects to private-sector part...
USD/CNH Forum
Authorities are also mulling fresh measures to shore up the sluggish stock market.-Bloomberg
$SSE Composite Index (800146.HK)$ $Hang Seng Index (800000.HK)$ $USD/CNH (USDCNH.FX)$ $CNH/CNY (CNHCNY.FX)$ $USD/CNY (USDCNY.FX)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $iShares China Large-Cap ETF (FXI.US)$
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...
$USD/CNH (USDCNH.FX)$
$CNH/USD (CNHUSD.FX)$ $CNY/USD (CNYUSD.FX)$ $HKEX (00388.HK)$ $Hang Seng Index (800000.HK)$
📌 China’s property crisis 👉🏻 (1) giant developer to suspend trading of at least 10 onshore bonds. (2) another giant developer filed for bankruptcy on thursday
📌 Slump in demand from businesses and households to borrow money for the future
📌 Stop publishing data as youth unemploynent hits record high
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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