China

US weighs new restrictions on China's access to memory chips

• AI memory chips from Samsung and Sk Hynix could be targeted

China Vice Finance Minister says will strengthen fiscal policy adjustments

• More talking from China after the poor PMIs earlier

China June 2024 Official Manufacturing PMI 49.4 (expected 49.4)

• Official Chinese PMIs come from the National Bureau of Statistics (NBS)

PBOC sets USD/ CNY central rate at 7.1346 (vs. estimate at 7.2419)

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

PBOC is expected to set the USD/CNY reference rate at 7.2419 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead is coming up soon

PBOC sets USD/ CNY central rate at 7.1364 (vs. estimate at 7.2586)

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

PBOC is expected to set the USD/CNY reference rate at 7.2586 – Reuters estimate

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

PBOC sets USD/ CNY reference rate for today at 7.1316 (vs. estimate at 7.2522)

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

PBOC is expected to set the USD/CNY reference rate at 7.2522 – Reuters estimate

• Spot CNY jumped in H2 of last week

China is considering increasing stock exchange fees on HFT by a massive factor of x10

• China's high-frequency traders will face a game-changing hike in transaction fees

US military is building infrastructure in northern Australia - wary of a China crisis

PBOC sets USD/ CNY reference rate for today at 7.1270 (vs. estimate at 7.2229)

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

PBOC is expected to set the USD/CNY reference rate at 7. 2229 – Reuters estimate

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

PBOC sets USD/ CNY central rate at 7.1321 (vs. estimate at 7.2706)

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

China Construction Bank lowers rates also

• Bank of China cut earlier