Forex MarketDetailed Quotes
USDCNY USD/CNY
- 7.1244
- -0.0196-0.27%
Market Closed Aug 23 15:02 CT
7.1468High7.1195Low
7.1440Open7.1440Pre Close0.38%Amplitude7.349852wk High7.1239Bid--Multiplier7.087052wk Low7.1249Ask
USD/CNY Forum
Sign in to post a comment
5
1
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...
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...
3
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...
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...
6
1
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...
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...
5
Biggest news in BB now is Country Garden officially defaulting on USD bonds for the first time. Stock down 1.4% pretty much sums up how the market already anticipated this would happen. Next step: Restructuring. Can we please dispense with the drama?
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $USD/CNY (USDCNY.FX)$ $CNH/USD (CNHUSD.FX)$ $CNY/USD (CNYUSD.FX)$ $HKEX (00388.HK)$ $EVERGRANDE (03333.HK)$
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $USD/CNY (USDCNY.FX)$ $CNH/USD (CNHUSD.FX)$ $CNY/USD (CNYUSD.FX)$ $HKEX (00388.HK)$ $EVERGRANDE (03333.HK)$
1
China saw outflows from both the current account and capital account in September, official data showed. Contributing factors included a service deficit linked with outbound travel, a slump in direct investment and extended securities-related outflows.
Overseas funds cut their holdings of Chinese sovereign bonds by 13.5 billion yuan in September, according to data released by China Central Depository & Clearing on Friday. Their total holding of the debt dropped to 2.07 trillion yu...
Overseas funds cut their holdings of Chinese sovereign bonds by 13.5 billion yuan in September, according to data released by China Central Depository & Clearing on Friday. Their total holding of the debt dropped to 2.07 trillion yu...
1
Capital is exiting China at the fastest pace in more than seven years, piling extra pressure on the yuan.
The exodus has intensified in recent weeks as the nation’s teetering real estate industry casts a shadow over the world’s second-largest economy even after third-quarter growth surpassed economists’ expectations.
China’s currency regulator – the State Administration of Foreign Exchange – said on Friday (Oct 20) that onshore banks s...
The exodus has intensified in recent weeks as the nation’s teetering real estate industry casts a shadow over the world’s second-largest economy even after third-quarter growth surpassed economists’ expectations.
China’s currency regulator – the State Administration of Foreign Exchange – said on Friday (Oct 20) that onshore banks s...
3
1. China's retail sales grew faster than expected in August, with a 4.6% year-on-year increase, driven by the catering industry (12.4% growth), cosmetics, communication equipment, jewelry, and furniture (9.7%, 8.5%, 7.2%, and 4.8% growth, respectively). Online retail sales growth slowed to 6.1% from previous months' double-digit growth, indicating a potential slowdown in the online retail industry and needs new catalysts for growth.
$BABA-SW (09988.HK)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $PDD Holdings (PDD.US)$ $Pinduoduo Concept (BK0724)$ $MEITUAN-W (03690.HK)$ $Meituan ADR (MPNGY.US)$ $BILIBILI-W (09626.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$
...
$BABA-SW (09988.HK)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $PDD Holdings (PDD.US)$ $Pinduoduo Concept (BK0724)$ $MEITUAN-W (03690.HK)$ $Meituan ADR (MPNGY.US)$ $BILIBILI-W (09626.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$
...
3
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 ...
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 ...
3
No comment yet
151369719 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")