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Expectations are for another very heavy dampening of USD/CNY reference rate again today
- PBOC CNY reference rate setting for the trading session ahead.
Fitch downgrades six Chinese banks
- Fitch downgrades six Chinese banks to A, Outlook stable
Chinese stocks higher as state support lifts sentiment
- State-owned investment firms have stepped up purchases of A-shares
More - China’s Huijin vows to act as market stabiliser, boost long-term share buying
- Adding more on the state support for Chinese equities
PBOC sets USD/ CNY reference rate for today at 7.2038 (vs. estimate at 7.3321)
- PBOC CNY reference rate setting for the trading session ahead ... edging higher (weaker for the yuan)
PBoC says it will provide lending support to China state fund Huijin if needed
- Hujin and others are beefing up stock purchases to support the market
China will Increase the proportion of insurance funds invested in the stock market
- China’s State Administration of financial regulation statement
PBOC is expected to set the USD/CNY reference rate at 7.3321 – Reuters estimate
- PBOC CNY reference rate setting for the trading session ahead.
China state investment Chengtong says will increase holdings safeguard market stability
- Will increase holdings in stocks and ETFs to safeguard market stability
Mizuho: PBOC unlikely to allow sharp yuan depreciation despite rising trade tensions
- There has been intense speculation about a devaluation from the PBOC, but we've yet to see it like. Mizuho says its not going to happen.
China stock index futures cratered at the open
- Not as badly as some other Asian exchanges
PBOC sets USD/ CNY reference rate for today at 7.1980 (vs. estimate at 7.3162)
- There is some speculation the PBOC will sharply devalue the yuan - but another day passes without them doing so
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