Yuan Hibor drops to normal – mission accomplished
Jan 13, 2016 06:25 am UTC| Commentary
As Yuan Offshore Renminbi dropped to parity with its onshore counterpart yesterday, Yuan based Hibor (Hong Kong interbank offered rate), which jumped to as high as 66.8% dropped sharply closer to normal today (8.31%). PBoC...
China's new Yuan loans likely recorded another increase in December
Jan 12, 2016 17:00 pm UTC| Commentary
Chinas M1 money growth accelerated to 15.7% y/y in November, the highest number seen since 2011. Revival of bank loan growth drove M1 higher for five-consecutive-months. Societe Generale expects new yuan loans to have...
Rush for exit sky rockets Yuan Hibor
Jan 12, 2016 07:07 am UTC| Commentary
The trade of last week, which unsettled world stock market last week, to sell offshore Yuan and Buy onshore Yuan ended in a rush today. First sign was already visible in Mondays trading, when cost to borrow or short Yuan...
Jan 11, 2016 16:32 pm UTC| Commentary
Renewed volatility in China, following weaker-than-expected economic data and lower PBoC guidance for Yuan rattled stock markets. Sharp declines in Chinese equities and other Asian bourses followed weaker Chinese markets...
PBoC will likely further stabilize CNY fixings in the coming weeks
Jan 11, 2016 12:27 pm UTC| Insights & Views Central Banks
EM local markets, especially currencies, as well as EM credit spreads are under pressure following renewed volatility in China and escalation of tensions in the Middle East. Almost all EM currencies are falling...
Fitch: China Currency, Equity Woes Highlight Stability Dilemma
Jan 11, 2016 08:55 am UTC| Research & Analysis
China is facing a sharpening dilemma between a perceived need to keep interest rates low to help the economy manage its debt burden, and downward pressure on the Chinese yuan and foreign reserves, says Fitch Ratings. The...
China's currency plan still on track, despite global market volatility
Jan 11, 2016 00:43 am UTC| Insights & Views
The recent equity market volatility in China is unlikely to derail plans for the internationalisation of the Renminbi (RMB). Why? Because China is too far down the track, most of the changes needed are for domestic...
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