CHINA PRESS: Policymakers Should Focus On The Real Estate Market
May-22 01:52
Policymakers should emphasise supporting the real-estate market above boosting consumption to stabilise China’s domestic economy this year, said Liu Yuanchun, president at the Shanghai University of Finance and Economics. The government's strategy to expand domestic demand must go beyond short-term stimulus measures and focus on deeper structural adjustments, he added. To tackle persistently low prices authorities must curb excessive market competition and improve the overall regulatory environment, he said. (Source: Securities Daily)
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MNI: CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES
Apr-22 01:22
- CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Edges Higher, Error Term Steady
Apr-22 01:21
The USD/CNY fix was 7.2074, against a BBG market consensus of 7.2892.
- Today's fixing was slightly higher than Monday's outcome (7.2055), despite the market consensus for today being slightly below Monday's estimate (7.2926).
- The fixing error was little changed at -818pips.
- USD/CNH is back to around 7.3050 in latest dealings around 0.15% weaker in CNH terms for the session so far. The pair continues to see support around the 50-day EMA or levels just under this support point. Broader USD sentiment is somewhat firmer in early Tuesday dealings.
CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055
Apr-22 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055
