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.

Outlook for China's Onshore Market

Trends in the Chinese Economy and in China’s Onshore Market <Mar 2021>(PDF/531KB)

Trends in the Chinese Economy and in China’s Onshore Market <Feb 2021>(PDF/784KB)

Trends in the Chinese Economy and in China’s Onshore Market <Jan 2021>(PDF/516KB)

Trends in the Chinese Economy and in China’s Onshore Market <Dec 2020>(PDF/723KB)

Offshore RMB Market Report

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

Apr 9, 2021 Offshore RMB Market Report[China Q1 GDP growth set to post a record high](PDF/420KB)

Apr 1, 2021 Offshore RMB Market Report[CNH gyrated around the 6.50 level](PDF/421KB)

Mar 26, 2021 Offshore RMB Market Report[CNH fell to 6.55 amid the USD rebound](PDF/430KB)

Mar 22, 2021 Offshore RMB Market Report[CNH gyrated around the 6.50 level](PDF/423KB)

Mar 12, 2021 Offshore RMB Market Report[CNH tumbled as much as to 6.56 amid tapering tantrum](PDF/420KB)

Mar 5, 2021 Offshore RMB Market Report[China set GDP growth target at above 6%](PDF/407KB)

Feb 26, 2021 Offshore RMB Market Report[CNH fell as much as to 6.50 handle](PDF/399KB)

Feb 19, 2021 Offshore RMB Market Report[USD/CNY opened higher after the Chinese New Year holiday](PDF/409KB)

Jan 29,2021 Offshore RMB Market Report[CNH weakened to above 6.5 briefly on the USD rebound](PDF/410KB)

Jan 22,2021 Offshore RMB Market Report[CNH remained range–bounded despite strong China Q4 GDP](PDF/388KB)

Jan 15,2021 Offshore RMB Market Report[CNH consolidating at around 6.45](PDF/394KB)