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 2021 RMB Outlook (Aug, 2021) [Steady but headwinds evolving](PDF/1,602KB)

Mizuho Bank 2021 RMB Outlook (Jul, 2021) [The resilience of RMB](PDF/1,531KB)

Mizuho Bank 2021 RMB Outlook (Jun, 2021) [The return of RMB rally](PDF/1,529KB)

Mizuho Bank 2021 RMB Outlook (May, 2021) [The return of RMB rally](PDF/1,452KB)

Outlook for China's Onshore Market

Monthly Report on the Chinese Yuan Market<Sep, 2021>(PDF/620KB)

Monthly Report on the Chinese Yuan Market <Aug 2021>(PDF/755KB)

Offshore RMB Market Report

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

Oct 22, 2021 Offshore RMB Market Report[CNH rallied to below 6.4 handle despite soft growth data](PDF/348KB)

Oct 15, 2021 Offshore RMB Market Report[CNH strengthened to 6.42 on solid exports data](PDF/313KB)

Oct 8, 2021 Offshore RMB Market Report[Xi-Biden summit showed a positive signal for China-US relationship](PDF/361KB)

Sep 24, 2021 Offshore RMB Market Report[RMB sentiment stabilized as China property market rout eased](PDF/357KB)

Sep 17, 2021 Offshore RMB Market Report[China property sector rout weighed on RMB sentiment](PDF/356KB)

Sep 3, 2021 Offshore RMB Market Report[RMB rallied as USD came under sell-off after the Jackson Hole symposium](PDF/363KB)

Aug 27, 2021 Offshore RMB Market Report[RMB returned to its narrow range before Jackson Hole symposium](PDF/355KB)

Aug 20, 2021 Offshore RMB Market Report[RMB broke above its narrow range](PDF/310KB)

Aug 13, 2021 Offshore RMB Market Report[RMB was stuck in a narrow range](PDF/356KB)

Aug 6, 2021 Offshore RMB Market Report[RMB sentiment stabilized after recent equities rout](PDF/349KB)