China Stock Market

China's CSI300 benchmark blue chip index has hit its lowest since February 2019

China tax and other officials have launched an investigation into iPhone maker FoxConn

PBOC sets USD/ CNY reference rate for today at 7.1792 (vs. estimate at 7.3109)

PBOC is expected to set the USD/CNY reference rate at 7.3109 – Reuters estimate

• The rate that is set will be a long way from this modelled estimate. Somewhere around 7.17 is the most likely.

China tightens restrictions on some graphite exports

PBOC sets USD/ CNY reference rate for today at 7.1793 (vs. estimate at 7.3055)

PBOC is expected to set the USD/CNY reference rate at 7.3055 – Reuters estimate

People's Bank of China loan rates setting coming up soon

PBOC sets USD/ CNY reference rate for today at 7.1795 (vs. estimate at 7.3226)

PBOC is expected to set the USD/CNY reference rate at 7.3226 – Reuters estimate

China - A Country Garden offshore bondholder says has not received interest payment

• It appears the Country Garden default is imminent

AUD and NZD jump after the better than expected data from China

China Sep. Industrial Production 4.5% y/y (exp 4.3%) & Retail sales 5.5% y/y (exp 4.9%)

• China 'activity data' for September 2023

China Q2 GDP +1.3% q/q (expected 1.0%)

• China's economy grew more strongly than expected in Q3 of 2023

PBOC sets USD/ CNY mid-point today at 7.1795 (vs. estimate at 7.3079)