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Citi Weigh In On Stock-Supportive Measures

CHINA

MNI (London) - When it comes to China’s recently outlined stock-supportive measures (and speculation surrounding more in the pipeline) Citi note that “our delta one desk thinks the aim was to help stabilize markets ahead of the Lunar New Year holiday season. The policy pivot may help stabilize China stocks from here, but the real test will be fiscal measure details introduced at the March NPC. In FX, our desks in Asia and London have been cautioning about chasing the topside as USD/CNH remains hemmed in via stable yuan fixings and unpredictable funding situation.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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