-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessHK & China Equities Higher Into Month End, CSRC To Restrict Quant Strategies
Hong Kong and China equities are higher today as investors after a decent sell-off on Wednesday driven by a crackdown on quants funds and their trading strategies, it has also been reported that a Top-performing Quant fund has been banned from the stock-index futures market for a year. Hong Kong Markets are lagging China Mainland equities in what could be due to disappointment in the Budget released on Wednesday. Month -end flows have been seen to help push markets higher today with Property and Growth stocks the top performers in the region.
- Equities markets are higher come out of the Asia break. Mainland Property Index is the top performer this morning up 0.90%, although the index was 3.80% lower Wednesday. HSTech Index in flat for the day, after Baidu's profits plunged 48% as AI costs hurt bottom line, while the wider HSI is up 0.15% led higher by Financials with HSBC up 1.50%. In China growth stock are leading the way higher, with the CSI1000 up 1.60%, after being up as much as 3.10%, while the CSI300 is 0.90% higher.
- China Northbound flows were +1.3b yuan on Wednesday, with the 5-day average now 3.1b, while the 20-day is at 2.81b yuan.
- JPM was earlier out recommending investors sell into any strength in Hong Kong Property Developers after the government announced it will be scrapping property curbs, as they view the easing will boost volumes, but home prices will continue their trend lower.
- China’s securities regulator (CSRC) will look to restrict Quant trading strategies that have been seen to be responsible for recent market turmoil, and guide funds in controlling the size and leverage of their DMA businesses.
- China banned a top-performing quant fund (Shanghai Weiwan Fund Management) from the stock-index futures market and vowed tighter oversight of high-speed trading, expanding a crackdown on computer-driven investment strategies that some have blamed for exacerbating market turmoil.
- Major companies with earnings due out today include Budweiser Brewing Co APAC, HK Exchanges & Clearing and NetEase. NetEase will be the most closely watch after they have recently had gaming content approved.
- Looking ahead, Hong Kong has Budget Balance & Money Supply data out.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.