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Jan 12, 2016
Shanghai Comp: Expecting a relatively clam open
Following the stable USC/CNY fix by the PBOC, China's stockmarket looks set to have a relatively quiet cash open, with the Shanghai Comp to open up 0.3%.
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Jan 12, 2016
China intend to keep it stable - how ? - Rabobank
Michael Every, Head of Financial Markets reseasia, Asia Pacific, explained that it was reiterated that China will not weaken its currency“to gain unfair competitive advantage,” (despite a recent Reuters report that other officials urging exactly that path) and that it intends to keep CNY “stable” against a basket of currencies.
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