On Lan’s remarks that local governments have 2.3 trillion yuan of funds from special bonds that they can use by the end of this year -- That’s NOT fresh stimulus, because he said that comprised of bonds that have been issued but not used yet, plus bonds that haven’t been issued but within this year’s quota. So it’s all within the budget previously known. So I think AFP's report about issuing $325 billion in bonds was not precise. $BANK OF CHINA (03988.HK)$$CNH/CNY (CNHCNY.FX)$$USD/CNH (USDCNH.FX)$$Hang Seng Index (800000.HK)$$NASDAQ Golden Dragon China (.HXC.US)$
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"not precise" perhaps, but more importantly, it's misleading. people gotta be careful about information like this especially when there's so many eyes on the Chinese stock market recently
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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As a result, all foreign capital was withdrawn from the Hong Kong stock market, and Hong Kong lost its low position as an Asian financial center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
AdamKing : Why Harris votes went up so much recently
EZ_money AdamKing : because mainstream fakes news wants to make you think your vote for Trump won't help. they'll say anything to get Trump to lose
151876437 AdamKing : who told u?
msnbc???
EZ_money AdamKing : actually i think it's the other way around since Biden just called half Americans garbage
Anthony 27 : what? Trump win will benefit TSM?
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