China Stock Market

PBOC sets USD/ CNY reference rate for today at 7.1090 (vs. estimate at 7.1566)

• PBOC CNY reference rate setting for the trading session ahead.

People's Bank of China expected to set USD/CNY reference rate at 7.1566 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Senior Chinese Communist Party official supportive comments on policy

• Han Wenxiu, deputy head of the Party's office for financial and economic affairs

Asian Development Bank has raised its China's 2023 growth forecast to 5.2% (prior 4.9%)

PBOC sets USD/ CNY reference rate for today at 7.1126 (vs. estimate at 7.1717)

• PBOC CNY reference rate for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.1717 – Reuters modelled estimate

• PBOC CNY reference rate setting for the trading session ahead.

China's Central Economic Work Conference - plans for growth, innovation, and stability

• Key takeaways from China's annual Central Economic Work Conference

UK firms delaying new investments in China amidst slowing economy

• UK businesses are downgrading the importance of China

PBOC sets USD/ CNY central rate at 7.1174 (vs. estimate at 7.1772)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.1772 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Chinese Communist Party leaders discuss growth targets, stimulus proposals today

• The annual Central Economic Work Conference got underway on Monday and continues Tuesday

China's deflationary CPI data sends yuan to 3-week low

• Investors await the upcoming Central Economic Work Conference for policy direction

PBOC sets USD/ CNY mid-point today at 7.1163 (vs. estimate at 7.1690)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.1690 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

China November inflation data will be released over the weekend (CPI and PPI)

• Decline in CPI due to softening food prices, particularly falling pork prices, is expected