China

PBOC sets USD/ CNY mid-point today at 7.0966 (vs. estimate at 7.1300)

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

PBOC Loan Prime Rates (LPR) remain unchanged at today's rate setting, as expected

• LPRs set at 3.45% for the one-year and 4.20% for the five-year

PBOC is expected to set the USD/CNY reference rate at 7.1300 – Reuters estimate

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

Asian Economic Calendar: Key Events for 20 December 2023 - PBOC interest rate decision due

• People's Bank of China Loan Prime Rates setting headline the agenda

China's State Planner approves 144 investment projects worth 1.28 trillion yuan YTD

• National Development & Reform Commission (NDRC) of China greenlit 144 investment projects

PBOC sets USD/ CNY mid-point today at 7.0982 (vs. estimate at 7.1347)

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

PBOC is expected to set the USD/CNY reference rate at 7.1347 – Reuters estimate

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

Record-breaking freeze grips China as government prepares emergency response

• Agriculture ministry and national disaster prevention body take urgent actio

PBOC sets USD/ CNY reference rate for today at 7.0933 (vs. estimate at 7.1135)

• PBOC CNY reference rate setting is the strongest for CNY since June 5

PBOC is expected to set the USD/CNY reference rate at 7.1135 – Reuters estimate

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

China says 2024 will be a better year for economy despite headwinds

• Support from policies to support recovery, including 1 tln yuan issuance of treasury bonds

Reports that China is likely to set 2024 growth target at around 5%

China's economic recovery: NBS anticipates meeting full-year targets

• China's National Bureau of Statistics

China November industrial output +6.6% y/y (exp +5.6%) Retail Sales +10.1% (exp +12.5%)

• China's industrial output for November surpasses estimates, but retail sales disappoint.

China November new home prices -0.3% m/m (prior also -0.3%)

• Why buy a house when prices are falling, be cheaper next month? (Hello vicious circle)