Market Trends

Information and commentary from Hong Kong on the current market and future prospects regarding wildly fluctuating RMB exchange rates, interest rates and stocks.

Mizuho Bank 2020 RMB Outlook (Oct 2020) [The return of RMB rally](PDF/1,228KB)

Mizuho Bank 2020 RMB Outlook (Sep 2020) [The return of RMB rally](PDF/1,685KB)
 

Outlook for China's Onshore Market

Trends in the Chinese Economy and in China’s Onshore Market <Aug 2020>(PDF/594KB)

Trends in the Chinese Economy and in China’s Onshore Market <Jul 2020>(PDF/574KB)
 

Offshore RMB Market Report

Comments on offshore RMB exchange rates, interest rates and stocks from the Hong Kong Treasury Division.

Oct 23,2020 Offshore RMB Market Report[CNH pulled back as China might resume outbound investment channel](PDF/476KB)

Oct 16,2020 Offshore RMB Market Report[CNH consolidated after PBoC's cut in FX forward risk](PDF/490KB)

Oct 9,2020 Offshore RMB Market Report[CNH breached below 6.70 handle for the first time since April 19](PDF/500KB)

Sep 25, 2020 Offshore RMB Market Report [CNH fell back above 6.80 on USD rebound](PDF/473KB)

Sep 18, 2020 Offshore RMB Market Report [CNH soared to its 16-month high of 6.7424](PDF/470KB)

Sep 11, 2020 Offshore RMB Market Report [CNH entered into range–trading between 6.825 and 6.860](PDF/433KB)

Sep 4, 2020 Offshore RMB Market Report [CNH printed its 16–month high of 6.8134](PDF/528KB)

Aug 28, 2020 Offshore RMB Market Report [CNH rallied to its 7–month high of 6.8611 as China–US held the trade talks](PDF/464KB)

Aug 21, 2020 Offshore RMB Market Report [CNH broke below 6.9 handle for the first time since January](PDF/489KB)

Aug 14, 2020 Offshore RMB Market Report [RMB rallied to 5–month high on USD sell–off and trade talks optimism](PDF/472KB)

Aug 7, 2020 Offshore RMB Market Report [RMB fell back to 6.96 after hitting its 5–month high](PDF/407KB)