China’s onshore/offshore interest rate spreads looking stretched
Jan 05, 2016 03:18 am UTC| Commentary Central Banks
Risk aversion gripped Chinese markets yesterday with the benchmark Shanghai Composite Index down by almost 7% (trading in Chinese stock markets was halted). Significant uncertainties on the Chinese economy remain as PMI...
Commodity and EM currencies bore the brunt of the New Year's sell-off
Jan 05, 2016 03:14 am UTC| Commentary
Currencies started 2016 on a weak note. China depreciated the Chinese yuan beyond 6.50 against the US dollar. Closing at 6.5338 yesterday, the CNY fell 0.6% on the first trading day, after a full-year decline of 4.5% in...
China’s economic slowdown in part of the restructuring plan
Jan 05, 2016 02:41 am UTC| Commentary Economy
Chinas economic slowdown is just the beginning. This is part of the grand restructuring plan that has to go through. The persistent weakening of the CNY, a bubbling domestic bond market, and an erratic stock market shall...
Capitalism with Chinese characteristics
Jan 04, 2016 23:23 pm UTC| Insights & Views
Capitalism is, as the Marxists used to say, full of contradictions. It may well be the greatest wealth-generating machine ever invented. But it is famously volatile, unpredictable and prone to cyclical booms and busts ...
Bitcoin Unaffected By China’s Stock Market Woes
Jan 04, 2016 12:44 pm UTC| Digital Currency
The new year has not been a happy one for Chinas shares. The Shanghai Composite fell 6.85% to 3296.66, the Shenzhen Composite declined 8.1 percent and CSI 300 briefly fell 7.02 percent which triggered a circuit breaker...
Yuan offshore-onshore band widens
Jan 04, 2016 07:38 am UTC| Commentary
Offshore Yuan, which is largely traded in Hong Kong and not subjected to 2% daily limit from central parity set by Peoples Bank of China (PBoC) everyday, is leading the drop in Yuan today further widening the spread...
China’s stock market hits circuit breaker on first trading day of the year
Jan 04, 2016 06:41 am UTC| Commentary
Trading over early for those in Chinas stock market as market has hit a newly introduced circuit breaker, halting trading for the day. New year so far hasnt been good for Chinese investors Market was red early and...
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