Chris Gill

Chris Gill

Chris Gill


Momentum of rising yuan weakens  

Momentum of rising yuan weakens

(ATF) On January 28, the onshore yuan exchange rate against the US dollar fell more than 200 points at the opening to 6.4900. At the same time, the offshore renminbi/yuan fell below the 6.51 mark against the US dollar, reaching a minimum of 6.5147 according to Shanghai Securities News. As …

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Rare earths prices continuing on an ever upward curve 

Rare earths prices continuing on an ever upward curve

(ATF) Rare earth prices and their related stocks are on a continuous rise, with analysts wondering when this upward trend will ever end – given tight supply and mushrooming demand is projected for years ahead, it is likely the rare earth train is just leaving the station.Minmetals Rare Earth issued …

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Surge in Chinese millennials and GenZ playing the stock market

Surge in Chinese millennials and GenZ playing the stock market

(ATF) After 30 years of development, China's capital market has seen many changes over the years. The size of the securities market has continued to expand, the pace of investors entering the market is also accelerating, and a new generation of young investors has got active in the market. What …

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Yuan breaking through the 'red line'

Yuan breaking through the 'red line'

(ATF) In 2021, the yuan exchange rate was always expected to appreciate while rate fluctuations were also tipped to become more frequent."6.5" to the US dollar had previously been regarded as a "red line" for RMB/yuan appreciation. But today, we are at 6.47.Looking forward, there is still room for the …

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China’s last-gasp bid to curb the great migration as Covid spreads 

China’s last-gasp bid to curb the great migration as Covid spread

(ATF) China is pleading with its migrant workers to stay where they are for the New Year Festival and to not travel home, in a desperate bid to halt the spread of Covid-19 across the country.Officials announced on Wednesday that people in high-risk areas must celebrate the New Year ‘in …

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Chinese FX fixings come against a confusing policy backdrop

Chinese FX fixings come against a confusing policy backdrop

(AFX) China announced FX fixings on January 26 against a confusing backdrop of some liquidity tightening, followed by a pledge from central bank governor Yi Gang not to make a premature end to stimulus measures.The People’s Bank of China authorized the China Foreign Exchange Trade System to announce that the …

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Chinese told not to move during Lunar New Year over Covid fears

Chinese told not to move during Lunar New Year over Covid fears

(ATF) Chinese authorities have instructed most citizens to avoid travel as the country's new year celebrations get underway, in a bid to stop renewed spread of Covid-19. The holiday is due to start on Friday February 12.In a broadcast on CCTV News, the General Office of the Central Committee of …

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