China

China's foreign minister Wang Yi meets Russian foreign minister Sergey Lavrov

A number of risk advisory investigation firms are closing Hong Kong offices

• Citing Chinese authorities crack down on corporate intelligence gathering

Former Bank of China chairman arrested

People's Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%)

PBOC sets USD/ CNY reference rate for today at 7.1798 (vs. estimate at 7.3121)

PBOC is expected to set the USD/CNY reference rate at 7.3121 – Reuters estimate

Chinese financial press says that researchers see more RRR, rate cuts, this year

Weekend - PBOC Governor Pan promised to provide more substantial support to real economy

China September USD dollar denominated Exports -6.2% y/y, Imports -6.2%

China January - September yuan denominated exports +0.6% y/y, imports -1.2% y/y

China September CPI +0.2% m/m (vs. expected +0.3%)

US to close 'loophole' that gives Chinese companies back door access to US AI chips

PBOC sets USD/ CNY reference rate for today at 7.1775 (vs. estimate at 7.3179)

China’s US$1.35 trillion sovereign fund boosts stake in Big Four banks (CNY intervention?)

PBOC is expected to set the USD/CNY reference rate at 7.3179 – Reuters estimate

• And, the usual advice ... the actual rate will be set nowhere near this modelled result, think somewhere around 7.17