November 21, 2024 05:13 GMT
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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