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...
$CapLand China T (AU8U.SG)$$CityDev (C09.SG)$$Enviro-Hub (L23.SG)$$Jiutian Chemical (C8R.SG)$ China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. “We think t...
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China stimulus measures are a boost to companies with businesses there.
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...
Ratings agency Fitch no longer expects China to cut its policy rate this year, instead delaying such a reduction to next year as the U.S. Federal Reserve keeps its interest rates high. Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year. In March, the ratings agency had forecast one cut for 2024. “There are a coupl...
Due to tight local government finances and the need to manage debt risks, the central government might increase leverage in 2024, potentially pushing the fiscal deficit ratio beyond 3%. 7) Real Estate Projection: Anticipated transition in property sales from a bottom-finding phase to stabilization in 2024, with a potential slight recovery in Q4, yielding an annual growth rate of about -5%. Notably, the "Golden March" and "Silver April" months traditionally witness increase...
Trade2Swing
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I just wonder, when would the Real Estate issue would be resolve and do you think the Real Estate issue the biggest barrier for China to soar higher in the market? Is China still in the deflation state?
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...
USD/CNY Forum
$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$
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...
China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday.
The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May.
“We think t...
Authorities are also mulling fresh measures to shore up the sluggish stock market.-Bloomberg
$SSE Composite Index (800146.HK)$ $Hang Seng Index (800000.HK)$ $USD/CNH (USDCNH.FX)$ $CNH/CNY (CNHCNY.FX)$ $USD/CNY (USDCNY.FX)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $iShares China Large-Cap ETF (FXI.US)$
Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year.
In March, the ratings agency had forecast one cut for 2024.
“There are a coupl...
7) Real Estate Projection:
Anticipated transition in property sales from a bottom-finding phase to stabilization in 2024, with a potential slight recovery in Q4, yielding an annual growth rate of about -5%. Notably, the "Golden March" and "Silver April" months traditionally witness increase...
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...
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