China Stock Market

China’s Auto Exports Set Monthly Record in March

• Info via Chinese media citing the China Passenger Car Association (CPCA)

Fitch affirms China A+ rating but lowers its outlook to negative

China vehicle sales rose in March, bouncing back from February

• BYD the top selling electric vehicle manufacturer

PBOC sets USD/ CNY central rate at 7.0959 (vs. estimate at 7.2300)

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

PBOC is expected to set the USD/CNY reference rate at 7.2300 – Reuters estimate

• The rate setting will be around 1300 pips lower than this

PBOC sets USD/ CNY central rate at 7.0956 (vs. estimate at 7.2248)

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

PBOC is expected to set the USD/CNY reference rate at 7.2248 – Reuters estimate

• The rate set will be around 1300 points or so lower than this

PBOC sets USD/ CNY reference rate for today at 7.0947 (vs. estimate at 7.2230)

PBOC is expected to set the USD/CNY reference rate at 7.2230 – Reuters estimate

• The rate will be around 1300 pips lower than this, give or take

People's Bank of China will lend US$70 billion to support science and technology sectors

• PBoC statement issued on Sunday

Waiting on the People's Bank of China USD/CNY reference rate setting? None today - holiday

• It's a holiday in China

ICYMI - PBOC says it'll monitor changes in long-term yields during the economic recovery

• This is a first from the People's Bank of China

China's Xiaomi begins deliveries of its first EV. Has booked more than 100,000 orders.

• Chinese smartphone maker Xiaomi is delivering its first electric vehicle

China Caixin Services PMI for March 52.7 (expected 52.7, prior 52.5)

• ps. Aftershocks continue to Taiwan's earthquake

PBOC sets USD/ CNY mid-point today at 7.0949 (vs. estimate at 7.2282)

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