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April 9th - According to statistics from the Hengqin Border Inspection Station of the Zhuhai Border Inspection General Station, as of 00:00 on April 9th, 2026, the total number of inbound and outbound passengers at the Hengqin Port this year exceeded 10 million, 29 days earlier than last year (May 7th, 2025), setting a new record for the fastest passage since the port opened. This reflects the vigorous momentum of increasingly close exchanges and deepening integration between Hengqin and Macao. Regarding vehicle clearance, since the beginning of this year, the "joint one-stop" lanes at the Hengqin Port have processed over 1.17 million inbound and outbound vehicles, of which 66% are Macao-registered vehicles. The clearance time for a single vehicle has been reduced to less than 100 seconds. It is understood that the port will also upgrade its "no-card-swipe" clearance lanes this year, further accelerating both passenger and vehicle clearance.The Peoples Bank of China (PBOC) announced today that it conducted a 7-day reverse repurchase operation of 500 million yuan, with a bid amount of 500 million yuan and a winning bid amount of 500 million yuan. The operation rate was 1.40%, unchanged from the previous rate.Hang Seng Index futures opened down 0.63% at 25,788 points, a discount of 100 points.Samsung Electronics shares fell 3%.April 9 - According to the website of the China Maritime Safety Administration, the Dalian Maritime Safety Administration issued a navigation warning that live-fire exercises will be conducted in parts of the northern Yellow Sea from 10:00 to 16:00 on April 9, and entry is prohibited.

As a result of hawkish RBA minutes, AUD/JPY surges to around 93.00

Alina Haynes

Feb 21, 2023 15:20

As the Reserve Bank of Australia's minutes revealed a hawkish stance, the AUD/JPY pair surged to near 93.00 during the Tokyo session (RBA). The RBA minutes make it plainly clear that higher interest rates are essential because robust consumer demand prevents the Australian inflation rate from decreasing from its peak.

 

According to the minutes, RBA members considered a 50 basis point (bps) increase in interest rates in light of the persistence of inflation. Members of the RBA also remarked that the unemployment rate is at its lowest point in the past fifty years and that the number of job opportunities is astronomically high, which is a source of happiness for consumers who are injecting surplus income into the economy.

 

Aside from this, the Australian economy benefited from improved trade terms and would benefit more from China's openness than a number of other countries. The Chinese government's relaxation of pandemic laws has expanded Australia's trading potential.

 

Philip Lowe, governor of the Reserve Bank of Australia, anticipates that the cash rate will climb to 3.75 percent over time, with headline inflation decreasing to 4.75 percent by the end of 2023 and returning to approximately 3 percent by the middle of 2025.

 

Previously, S&P Global reported upbeat preliminary Australian PMI (Feb) data. The Manufacturing PMI hit 50.1, above both the consensus forecast of 49.9 and the prior figure of 50.0. The Services PMI increased from 48.4 (estimated) and 48.8 to 49.2. (previously released).

 

About the Japanese Yen, Bank of Japan (BoJ) Governor Haruhiko Kuroda stated, "Due to labor demand and inflation, wage growth is predicted. The Japanese Yen has not notably reacted to the preliminary Jibun Bank PMI (Feb) statistics, which were mixed. The Services PMI has risen to 53.6, surpassing both the consensus expectation of 51.5 and the prior figure of 51.1. While the Manufacturing PMI has declined to 47.4 compared to expectations and the previous reading of 48.9, it remains above the 50-point threshold indicating expansion.


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