CNY

Wall Street Journal says China Xi to meet US CEOs in Beijing next week - a "Rare meeting"

PBOC Deputy Governor expects around 8% nominal economic growth for China in 2024

• That'll pump up the demand for oil imports!

China's State Planner Vice Chairman flags 6 trln yuan available for government investment

• Will hurry up the approval process

People's Bank of China dep gov says still more monetary policy room

• Ample room to cut RRR

PBOC sets USD/ CNY reference rate for today at 7.0942 (vs. estimate at 7.1792 )

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

PBOC is expected to set the USD/CNY reference rate at 7.1792 – Reuters estimate

• The across the board US dollar weakness will be welcomed at the PBoC

PBOC sets USD/ CNY mid-point today at 7.0968 (vs. estimate at .71967)

• In other news the PBoC has reshuffled its monetary policy committee

PBOC is expected to set the USD/CNY reference rate at 7.1967 – Reuters estimate

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

Beijing official says will apply targeted policies to property

• Remarks from Beijing's Vice Mayor

Evergrande Real Estate Group will receive a warning and a fine of 4.18 billion yuan

• Their woes never stop

PBOC sets USD/ CNY central rate at 7.0985 (vs. estimate at 7.2056)

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

A People's Bank of China monetary policy maker will be speaking later today

• Commentary likely on China's economy and monetary policy outlook.

PBOC is expected to set the USD/CNY reference rate at 7.2056 – Reuters estimate

• The set rate will be around 1000 pts lower than this, the PBoC is propping up the yuan

China president Xi congratulations Putin on election win, reaffirms continued partnership

• Xi says the strategic relationship between the two countries will continue to strengthen

China: Jan-Feb Industrial output +7.0% y/y (expected +5.0%), Retail sales +5.5% (5.2% exp)

• Retail sales, Industrial production, Unemployment rate, Investment data