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CHINA: Country Wrap:  Stock Buyback Loan Program Reaches USD4.9 Billion.

CHINA
  • China's Stock Buyback Loan Program Reaches USD4.9 Billion in a Month (source:  BBG).
  • Aluminium Climbs With Chinese Plants Seen Front-Loading Exports ahead of tax changes (source:  BBG).
  • Despite the news that the take up for the stock buyback has been strong, all major indices were down today – Hang Seng (-0.13%), CSI300 (-0.22%), Shanghai Comp (-0.10%) Shenzhen (-0.05%).
  • CNY - PBOC set its daily reference rate for the yuan stronger than estimates at 7.1935 per dollar, The average forecast in a BBG survey was 7.2374
  • Bonds – CGB 10 year yields drifted modestly lower to 2.087%.
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  • China's Stock Buyback Loan Program Reaches USD4.9 Billion in a Month (source:  BBG).
  • Aluminium Climbs With Chinese Plants Seen Front-Loading Exports ahead of tax changes (source:  BBG).
  • Despite the news that the take up for the stock buyback has been strong, all major indices were down today – Hang Seng (-0.13%), CSI300 (-0.22%), Shanghai Comp (-0.10%) Shenzhen (-0.05%).
  • CNY - PBOC set its daily reference rate for the yuan stronger than estimates at 7.1935 per dollar, The average forecast in a BBG survey was 7.2374
  • Bonds – CGB 10 year yields drifted modestly lower to 2.087%.