CNH: USD/CNY Fixing Edges Up, Error Term Back To Negative
The USD/CNY fix printed at 7.1963, versus a BBG market consensus of 7.2169. * This is a slight upti...
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CHINA SETS YUAN CENTRAL PARITY AT 7.2096 TUES VS 7.2110
- CHINA SETS YUAN CENTRAL PARITY AT 7.2096 TUES VS 7.2110
CHINA PRESS: Dongguan To Target Belt And Road Exports
Dongguan city in Guangdong province aims to sell 30% of exports to Belt and Road nations by 2027, the local government has announced. Dongguan will fully expand internal and external markets through supporting enterprises to participate in domestic and foreign exhibitions, promote the development of bonded logistics and cross-border e-commerce and overseas warehouse construction. The city will consider using municipal funds to provide import-interest subsidies to qualified enterprises and optimize cross-border settlement services for new trade formats. (Source: 21st Century Herald)
CHINA PRESS: More Cities To Relax Housing Policies In Q2
More cities will further relax home purchase and sales restrictions in Q2, as well as boost land transfer and affordable housing construction to stabilise the property market, the Economic Information Daily reported, citing expectations from Chen Wenjing, research director at China Index Academy. The Daily learned that Wuhan, Chongqing city and Hunan province plan to launch a new round of policy measures including more government acquisition of unsold homes and increased demand-side stimulus.
