China Stock Market

PBOC is expected to set the USD/CNY reference rate at 7.1452 – Reuters estimate

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

China October dollar denominated exports +12.7% y/y & imports -2.3%

• Trade balance (USD denominated) for the month +679bn

China January - October dollar denominated exports +5.1% y/y & imports +1.7%

• Trade data from China for October 2024

China and Hong Kong Stocks Drop Amid Trump Presidency Fears and Stimulus Expectations

• China and Hong Kong stocks open lower as investors brace for Trump presidency and anticipate further stimulus measures from Chinese leadership meeting.

PBOC sets USD/ CNY reference rate for today at 7.1659 (vs. estimate at 7.1679)

• People's Bank of China slashes the yuan

PBOC is expected to set the USD/CNY reference rate at 7.1679 – Reuters estimate

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

PBOC sets USD/ CNY mid-point today at 7.0993 (vs. estimate at 7.1011)

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

PBOC is expected to set the USD/CNY reference rate at 7.1011 – Reuters estimate

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

China's Premier Li - government is capable of advancing strong economic growth

China Caixin Services October PMI 52.0 (50.3 prior)

• China PMI data

PBOC is expected to set the USD/CNY reference rate at 7.1019 – Reuters estimate

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

China's annual parliament is underway - expected to approve more fiscal stimulus measures

• China's National People’s Congress (NPC)

PBOC sets USD/ CNY reference rate for today at 7.1203 (vs. estimate at 7.1208)

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

PBOC is expected to set the USD/CNY reference rate at 7.1208 – Reuters estimate

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

China loosens rules for foreign investors in equities

• Shortens holding period