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)$$Hang Seng Index(800000.HK)$
Sharing the economy challenges in China that might affect$USD/CNH(USDCNH.FX)$ 📌 China’s property crisis 👉🏻 (1) giant developer to suspend trading of at least 10 onshore bonds. (2) another giant developer filed for bankruptcy on thursday 📌 Slump in demand from businesses and households to borrow money for the future 📌 Stop publishing data as youth unemploynent hits record high
1. China has brought up loosening and supportive measures aimed at the real estate and retail consumption sectors. China’s new home starts fell to their lowest level in 17 years, highlighting the urgent need for more substantive measures to generate economic activity in other sectors while the real estate market recovers. The National Development and Reform Commission also promised to open up more infrastructure projects to private-sector part...
USD/CNH Forum
$USD/CNH(USDCNH.FX)$
$CNH/USD(CNHUSD.FX)$$CNY/USD(CNYUSD.FX)$$HKEX(00388.HK)$$Hang Seng Index(800000.HK)$
🇨🇳 USDCNH
📌 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
Here’s what happened in China markets today (7/24):
PBOC's 7-Day Reverse Repo dues this week (in yuan):
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)$$CNH/HKD(CNHHKD.FX)$
BREAKING
Offshore yuan $CNH strengthens per USD by 260 pips and back to the 7.21 mark.
$USD/CNH(USDCNH.FX)$$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)$$BABA-SW(09988.HK)$$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)$
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