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On August 26, CanSino Biologics (06185.HK) issued an announcement on the Hong Kong Stock Exchange, noting the companys recent market developments regarding mRNA technology. The mRNA platform is one of the companys key technology platforms. The company is currently developing mRNA preventative vaccines and therapeutic biological products, as well as related delivery systems. In the therapeutic areas, the company is advancing research and development of mRNA vaccines for the treatment of glioblastoma, rhabdomyosarcoma, and cervical cancer, as well as the development of InVivoCAR-related therapies, all currently in early stages.On August 26, the Office of the National Disaster Prevention, Mitigation and Relief Committee and the Ministry of Emergency Management, together with the National Food and Strategic Reserves Administration, allocated 30,000 pieces of central disaster relief supplies, including tents, heaters, clothing, folding beds, and moisture-proof mats, to support the relocation and resettlement of affected people and disaster relief efforts in response to the mudslide disaster in Gyirong County, Shigatse City, Tibet.On August 26, the Shanghai branch of the Peoples Bank of China released the monetary and credit situation in the Yangtze River Delta region in July 2026. The data showed that RMB deposits in the Yangtze River Delta region increased by RMB 214.6 billion in July, RMB 448.8 billion more than the same period last year; RMB loans decreased by RMB 19.6 billion, RMB 151.6 billion less than the same period last year.On August 26, the Kremlin announced that Russian President Vladimir Putin and Syrian Transitional Government President Ahmed Shah spoke by phone, discussing the current state and future prospects of Russia-Syria relations. Putin reiterated Russias principled stance in supporting Syrias unity, territorial integrity, and sovereignty. Both sides noted the significant importance of the previously signed memorandum of understanding regarding the reorganization of the Khmeimim Air Base and the Tartus Naval Base.On August 26th, Jiangsu Province issued the "Three-Year Action Plan for Promoting the High-Quality Development of the Biopharmaceutical Industry in Jiangsu Province." The plan includes improving and perfecting a diversified payment system. It encourages commercial health insurance and medical mutual aid programs to include innovative drugs in their coverage, and to optimize and strengthen affordable commercial health insurance programs such as "Jiangsu Medical Benefit Insurance." The medical insurance department will leverage the trusted data space of the medical insurance industry to cooperate with eligible commercial health insurance companies in areas such as data integration and application, and settlement and clearing. Cases involving the application of innovative drugs within the coverage of relevant commercial health insurance may be excluded from the disease-based payment scope and will be paid after review and evaluation.

US DOLLAR FUNDAMENTAL FORECAST: BULLISH

Alice Wang

Jul 18, 2022 15:20

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After a US inflation data boosted expectations for a Federal Reserve rate rise this week, the US dollar increased and reached levels not seen since September 2002. In June, the consumer price index (CPI) increased by 9.1% as compared to the same month a year before, above the consensus estimate of 8.8%. Core inflation, which excludes the cost of gasoline and food, increased more than was predicted.


According to Fed Funds futures, this raised the likelihood of a 100 basis-point rate rise at the July 27 FOMC meeting to above 50%. These wagers decreased over the weekend but were still larger than they were before to the CPI report. Before the FOMC blackout period started on July 16, representatives from the Federal Reserve assisted in lowering such expectations.


According to the CFTC's most recent Commitments of Traders report, traders reduced their long bets on the US dollar for a second consecutive week. Despite the two-week fall, traders' net long positions in the USD have mainly not changed. The reference period for the data concluded on July 12, leaving markets in the dark about post-CPI positioning.

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