EUR/USD 1.18208
0.563%
Gold 4981.50
0.923%
Oil 61.059
2.474%
USD/JPY 155.813
-1.645%
GBP/USD 1.36362
0.994%
GBP/JPY 212.474
-0.652%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources say the Caspian Pipeline Consortiums (CPC) Single Point Mooring Terminal 3 (SPM-3) has been activated after maintenance and is ready to resume crude oil loading.On January 25th, NIOs subsidiary, Ledao Auto, announced that its "Nationwide Battery Doubling Plan for Battery Swapping Stations" has reached 91.36% completion. As of January 24th, Ledao had added over 7,309 new batteries, achieving 91.36% of the overall progress. The company aims to complete the addition of over 8,000 new battery packs within January, effectively doubling its battery capacity.Zhongchong Co., Ltd. announced that it plans to repurchase shares worth 100 million to 200 million yuan for the purpose of converting the companys convertible bonds. The repurchase price will not exceed 78 yuan per share.On January 25th, Jiaming Packaging announced that its stock price had increased by 408.11% from December 17, 2025 to January 23, 2026, triggering multiple instances of abnormal stock trading fluctuations. The significant short-term price increase has deviated from the companys fundamentals. To protect investors interests, the company will suspend trading to investigate the stock trading fluctuations. Upon application to the Shenzhen Stock Exchange, the companys stock will be suspended from trading starting January 26, 2026 (Monday), with the suspension expected to last no more than five trading days. The company reminds investors to be aware of the risks associated with secondary market trading.On January 25th, Liu Juncai, a member of the Beijing Municipal Committee of the Chinese Peoples Political Consultative Conference (CPPCC) and director of the Beijing Municipal Health Commission, revealed in an interview that Beijing has implemented 67 measures to support childbirth, distributing 947 million yuan in childcare subsidies last year. When discussing the progress of Beijings efforts to alleviate the burden on medical resources, Liu Juncai stated that by 2025, three projects, including the second phase of Tsinghua Changgeng Hospital, will be operational; three projects, including the Tongzhou branch of the Beijing Childrens Hospital, will be accelerated; and six projects, including the Fangshan branch of Xuanwu Hospital, will commence construction. The departmental setup of Xiongan Xuanwu Hospital will be fully implemented, and the first phase of the Peking Union Medical College Hospital National Medical Center (Xiongan branch) will commence construction. This year, we will coordinate the implementation of a comprehensive package of childbirth support policies, including childcare subsidies, maternity insurance, and maternity leave, while also cooperating with the Municipal Education Commission to study relaxing the standards for inclusive childcare fees and optimizing subsidy policies.

The USD/CNH Exchange Rate Fluctuates Around 6.9000 As Focus Shifts To PBoC Policy

Daniel Rogers

Mar 17, 2023 13:53

Throughout the Asian session, the USD/CNH has maintained a range near 6.9000. Before taking action on the main, investors are awaiting the People's Bank of China's (PBOC) interest rate decision on Monday.

 

After a strong recovery on Thursday, S&P500 futures are exhibiting minimal losses in the Asian session, indicating a rise in market participants' risk appetite. The US Dollar Index (DXY) has escaped the tight consolidation between 104.30 and 104.60. Investors' skepticism regarding the Federal Reserve's (Fed) prospective monetary policy has diminished the appeal of the USD Index in the wake of a decline in U.S. inflation and escalating banking turmoil.

 

Following an optimistic recovery in 500-US stock basket futures, lethargic demand for US government bonds has increased the returns on the same. The yields on 10-year Treasury notes have surpassed 3.59 percent.

 

In the future, emphasis will be placed on the release of the PBoC's monetary policy decision. Economists from the UOB Group speculate that the PBoC may reduce the Loan Prime Rate (LPR) at its March 20 meeting. The 1Y loan prime rate (LPR) could fall to 3.55 percent and the 5Y loan prime rate (LPR) could fall to 4.20 percent after the National People's Congress (NPC). This is due to the need for additional measures to support the actual economy and the wish to increase housing demand.

 

In addition, an upward revision of China's projected Gross Domestic Product (GDP) would strengthen the Chinese Yuan. Goldman Sachs has increased its GDP forecast for China for 2023 from 5.5% to 6%.

Suggestion