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CHINA:  Country Wrap:  Pension Program to be Expanded.

CHINA

 

  • China to Expand Private Pension Program Nationwide in Reform (source: BBG).
  • Trump Invites China’s Xi Jinping to Inauguration, CBS Says (source: BBG).
  • Biden Ups China Tariffs a Bit Before Trump Storm (source: BBG).
  • A better day for Chinese equity today with all major indices up :  CSI 300 +0.84%, Hang Seng +1.70%, Shanghai +0.64%, Shenzhen +0.68%.
  • CNY:  CNY Reference Rate at 7.1854 Per USD; Estimate 7.2639
  • Bonds: the grind continues with CGB 10YR -2bp 1.82%

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