China Stock Market

Weekend China news - reports of further short selling restrictions to be imposed in March

Onshore yuan looks set for its first weekly gain in three weeks

• The week's trade is not over yet, of course

PBoC, government stimulus in China are merely a "painkiller, not a cure" for the economy

• "Authorities will likely launch more measures"

PBOC sets USD/ CNY reference rate for today at 7.1074 (vs. estimate at 7.1733)

• The PBoC is working hard each day to prop up the yuan

PBOC is expected to set the USD/CNY reference rate at 7.1733 – Reuters estimate

• The actual setting will be well under this modelled rate as the PBoC props up the yuan

PBOC releases 6 measures to support Hong Kong's role as a financial hub

• Further support for HK markets coming in

China mainland and Hong Kong equites higher in opening trade

• Yesterday the PBoC cut its RRR, the latest effort from Chinese authorities to support the market

Chinese financial media says PBoC may cut the MLF rate this quarter

• The MLF rate is a benchmark interest rate used by Chinese banks to borrow funds from the central bank.

PBOC sets USD/ CNY central rate at 7.1044 (vs. estimate at 7.1620)

• PBOC CNY reference rate setting for the trading session ahead, strongest for CNY since 9 January this year

PBOC is expected to set the USD/CNY reference rate at 7.1620 – Reuters estimate

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

ICYMI - PBOC to cut reserve requirement ratio by 50bp from 5 February

• The People's Bank of China usually cut the RRR by 25bp

Chinese authorities have 'asked' funds to restrict short selling stock index futures

• China regulators determined to manipulate the market higher

PBOC sets USD/ CNY mid-point today at 7.1053 (vs. estimate at 7.1825)

• PBOC CNY reference rate setting for the trading session ahead is a huge distance from the model esitmate

PBOC is expected to set the USD/CNY reference rate at 7.1825 – Reuters estimate

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

More on China weighing stock market rescue package backed by $278 bln

• CNH is still strenghtening