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.

Offshore RMB Market Report

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

Dec 2, 2022 Offshore RMB Market Report[The easing of lockdowns after the protests revived China reopening trade](PDF/354KB)

Nov 25, 2022 Offshore RMB Market Report[The Covid resurgence dampened China reopening hopes](PDF/317KB)

Nov 18, 2022 Offshore RMB Market Report[Weak China data poured cold water on buoyant RMB sentiment](PDF/352KB)

Nov 11, 2022 Offshore RMB Market Report[China announced to shorten quarantine for inbound travelers and closed contact](PDF/361KB)

Nov 4, 2022 Offshore RMB Market Report[Optimism over China reopening boosted the CNH](PDF/317KB)

Oct 28, 2022 Offshore RMB Market Report[CNH rebounded from record low on the USD pull-back](PDF/342KB)

Oct 21, 2022 Offshore RMB Market Report[CNH tumbled to its record low of 7.279](PDF/375KB)

Oct 14, 2022 Offshore RMB Market Report[PBoC kept the CNY fixing steady after long holiday](PDF/325KB)

Oct 7, 2022 Offshore RMB Market Report[CNH was fluctuating as CNY market was closed for holiday](PDF/359KB)

Sep 30, 2022 Offshore RMB Market Report[PBoC issued verbal warning and lifted the CNH from its record low](PDF/323KB)