News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:https://t.co/MrLGSp7FYa https://t.co/m42Rdv39Dx
  • Chinese estates' Evergrande loss assumes all shares sold -BBG #Evergrande
  • RT @FxWestwater: Australian Dollar Fights FOMC-Charged US Dollar After Upbeat PMI Data Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/09/22/Australian-Dollar-Fights-FOMC-Charged-US-Dollar-After-Upbeat-PMI-Data.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr $AUDUSD https://t.co…
  • Heads Up:🇯🇵 Foreign Bond Investment (18/SEP) due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-22
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:https://t.co/l4kAWDrr7M https://t.co/B041Lqtg3S
  • #ASEAN based #USD index continues to extend the bounce off September lows post #FOMC This follows a test of the 100-day SMA as well as a rising trendline from June Eyes on the 38.2% Fib extension before potentially retesting the July/August highs https://t.co/uZ7OEJurPs
  • 🇦🇺 Markit Manufacturing PMI Flash (SEP) Actual: 57.3 Previous: 52 https://www.dailyfx.com/economic-calendar#2021-09-22
  • 🇦🇺 Markit Services PMI Flash (SEP) Actual: 44.9 Previous: 42.9 https://www.dailyfx.com/economic-calendar#2021-09-22
  • Heads Up:🇦🇺 Markit Manufacturing PMI Flash (SEP) due at 23:00 GMT (15min) Previous: 52 https://www.dailyfx.com/economic-calendar#2021-09-22
  • Heads Up:🇦🇺 Markit Services PMI Flash (SEP) due at 23:00 GMT (15min) Previous: 42.9 https://www.dailyfx.com/economic-calendar#2021-09-22
China's Market News: Capital Inflows Surge on Expected MSCI Inclusion

China's Market News: Capital Inflows Surge on Expected MSCI Inclusion

Renee Mu, Currency Analyst

This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources.

- PBOC added 70 billion yuan of liquidity through reverse repos on June 2.

- Shenzhen Hong Kong Stock Connect is likely to launch within two months.

- China A-sharesETF surged on the growing expectation of MSCI inclusion.

To receive reports from this analyst,sign up for Renee Mu’ distribution list.

Hexun News: Chinese leading online media of financial news.

- PBOC injected 70 billion yuan through 7-day reverse repos with an interest rate of 2.25% on June 2. According to the Central Bank, the total liquidity added through Medium-term Lending Facility (MLF) in May was 290 billion yuan, taking up the most among all open market operations. 175 billion yuan of MLF will mature in 3 months with an interest rate of 2.75%; 115 billion yuan of MLFs will mature in 6 months with an interest rate of 2.85%. The MLFs withdrawal in May was 148.8 billion yuan.

Beginning in May, the PBOC issues Pledged Supplementary Lending (PSL) to the three policy banks on a monthly basis. The total PSL issued in May was 108.8 billion yuan. PSL intends to support national projects such as building out infrastructure. The Standing Lending Facility (SLF) issued by PBOC fell to 570 million yuan in May from 760 billion yuan in April.

- Shenzhen-Hong Kong Stock Connect (SHSC) is likely to launch within two months, according to a source from Hong Kong Stock Exchange. July 1 is Hong Kongs Establishment Day, which commemorates the transfer of the sovereignty of the region from UK to China. This year marks the 19thanniversary. Thus, June could be an opportune time for Hong Kong and mainland to launch the new program. Also, launching SHSC before June 15th will help to increase the odds of Chinas A-shares to be included in the MSCI Index.

China Index Academy: a Chinese agency that produces property reports.

- The average housing price of Chinas 100 cities increased by 1.70% to 11,662 yuan/m2 in May from a month ago. 74 out of the 100 cities in the survey reported price increases, 24 cities reported price decreases and 2 reported no change. The housing prices in tier-two cities increased the most: Hefei and Xiamen both reported price increases over 5%. The housing prices in tier-one cities, Beijing, Shanghai, Guangzhou, and Shenzhen, rose by 1.76%, 1.90%, 1.49% and 2.00% respectively. Tier-two cities are medium to large cities excluded the above four largest cities (tier-one cities).

China Finance Information: a finance online media administrated by Xinhua Agency.

- Chinese A-shares’ exchange traded funds (ETFs) soared on the growing expectation of MSCI inclusion. On June 1, foreign investors purchased 123 million shares of Chinese stocks which is worth approximately 1.25 billion yuan through Chinas largest A-share ETF, A50 ETF. On May 30, the Chinese ETF attracted over 2 billion yuan, making it the largest daily purchase ever. The A50 ETF has attracted more than 5.6 billion yuan of funds from overseas investors over the past six days. Capital inflows through other channels saw increases as well. The net capital inflow through Shanghai-Hong Kong Stock Connect (SHSC) was 1.5 billion yuan on June 1, the 13th consecutive net daily inflow. The total capital inflow over the past 13 days hit 13.21 billion yuan.

Written by Renee Mu, DailyFX Research Team

To receive reports from this analyst,sign up for Renee Mu’ distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES