China

Shanghai Securities News says the PBOC has space to further cut the RRR this year

PBOC sets USD/ CNY central rate at 7.1733 (vs. estimate at 7.2839)

PBOC is expected to set the USD/CNY reference rate at 7.2839 – Reuters estimate

• This is the modelled estimate, the actual is likely to be around 7.18

PBOC sets USD/ CNY reference rate for today at 7.1736 (vs. estimate at 7.2707)

PBOC is expected to set the USD/CNY reference rate at 7.2707 – Reuters estimate

• This is the model estimate, the actual will be somewhere around 7.17

Chinese police detain Evergrande’s wealth management staff

China's weak yuan has cost already troubled Chinese property developers $3bn

The electric car race is shaping up to be one of the all-time economic battles

• China is coming but will the world let them?

China's Air passenger numbers in August are +98% y/y

China August Industrial Production 4.5% y/y (expected 3.9%) & Retail sales 4.6% (exp 3%)

• China industrial production and retail sales data

Another rate cut from the People's Bank of China, 14 day reverse repo to 1.95% from 2.15%

China August new home prices -0.3% m/m (prior month -0.2%)

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

• PBOC Medium-term Lending Facility (MLF) rate setting

PBOC sets USD/ CNY reference rate for today at 7.1786 (vs. estimate at 7.2849)

It's a big day coming up in China - economic data and the monthly rate setting (MLF)

• The MLF rate is expected to remain unchanged today. 400bn yuan of maturing MLF loans will be rolled over.