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FICC investor, researcher, energy observer. Covering China's business and market. News flash, data, charts, reviews. ⚡are mine.
Apr 15 4 tweets 3 min read
#Breaking
China's central bank PBoC says to cut reserve requirement ratio (RRR) by 25 basis points for eligible financial institutions to support real economy.
#China $CNY $CNH $ASHR #CN_Update #Breaking
PBoC's RRR cut to take effect from April 25 and release 530 billion yuan in long-term funds.
#China $CNY $CNH $ASHR #CN_Update
Apr 15 4 tweets 3 min read
China PLA's Eastern Theater Command carried out multi-service joint combat readiness patrol in sea and airspace around Taiwan Island and conducted drills on subjects such as sea assault drills: People's Daily
#China #Taiwan #US
#FYI: Six US lawmakers arrive in Taiwan on April 14. Chinese defense stocks soar, Anhui GreatWall Military Industry hit limit up.
#China #Taiwan #US $ASHR
Apr 14 4 tweets 1 min read
EUR/USD extends drop to 1.0805, lowest since May 2020. $EUR $USD Euro drops further vs dollar, last down 0.92% to $107.865. $EUR $USD
Apr 14 4 tweets 3 min read
He Xiaopeng, Chairman and CEO of XPeng, says production suspension at company's China factories could last through May if supply chain enterprises in Shanghai and its surrounding areas fail to find ways to resume production dynamically.
#XPeng $XPEV #China #EVs Image Xpeng's CEO warns that all Chinese vehicle factories may have to stop production in May if supply chain disruption continues.
#FYI: Chinese EV maker NIO announced production pause earlier.
#XPeng $XPEV #China #EVs
Apr 14 4 tweets 2 min read
ECB LEAVES MAIN REFINANCING RATE UNCHANGED AT 0%, DEPOSIT FACILITY RATE UNCHANGED AT -0.5%, MARGINAL LENDING FACILITY RATE UNCHANGED AT 0.25%; IN LINE WITH EXPECTATION.
$EUR #ECB ECB: RATES WILL RISE 'SOME TIME' AFTER NET BOND-BUYING ENDS. ANY RATE INCREASES WILL BE GRADUAL. ASSET PURCHASES SHOULD BE CONCLUDED IN 3Q. RATES AT PRESENT LEVEL UNTIL INFLATION OUTLOOK MEETS GOAL. TO MAINTAIN OPTIONALITY, GRADUALISM AND FLEXIBILITY.
$EUR #ECB
Apr 14 5 tweets 2 min read
ELON MUSK OFFERS TO BUY TWITTER FOR $54.20/SHR IN CASH.
#Twitter $TWTR ELON MUSK LETTER CONTAINS NON-BINDING PROPOSAL.
#Twitter $TWTR
Apr 14 4 tweets 2 min read
CHINA CENTRAL BANK OFFICIAL: PLANS 40 BLN YUAN RELENDING QUOTA FOR ELDERLY CARE PILOT.
#China $ASHR $CNY $CNH CHINA CENTRAL BANK OFFICIAL: PLANS 200 BLN YUAN RELENDING QUOTA FOR TECH INNOVATION, WITH INTEREST RATE OF 1.75%.
#China $ASHR $CNY $CNH
Apr 14 4 tweets 3 min read
CITIC Securities expects PBOC will have a Required Reserve Ratio cut on Friday or Saturday, also, a rate cut in the near future can not be ruled out.
The policy order will be RRR-cut -> deposit rate adjustment -> rate cut.
#China #RRR #econtwtter 1/n Easing credit and lowering financing costs are remained key targets for proactive monetary policies this year amid the higher global and domestic uncertainties.
#China #EconTwitter 2/n
Apr 14 4 tweets 2 min read
*BREAKING
CHINA'S TOP GRAFT WATCHDOG TAKES DIRECT ROLE IN PROBE OF ANT-Bloomberg
$BABA #AntGroup The CCDI was seeking to understand the influence of Jack Ma’s fintech empire Ant Group and the extent of its transactions with state banks and enterprises.
$BABA
Apr 10 4 tweets 3 min read
#BREAKING
China is to speed up the construction of a Big Uniform Market, to unify the high regulation standards, production factors&resourses, goods, services, etc. into a nationwide market. -Xinhua News
#China #econtwitter China will unify the regulation standards in the financial sector, to build a uniform capital market.
China will build a uniform energy market, to achieve carbon neutrality while securing the energy supply security.
#China #OOTT
Apr 8 4 tweets 2 min read
SRI LANKA RAISES STANDING LENDING RATE TO 14.5% FROM 7.5% AND STANDING DEPOSIT RATE TO 13.5% FROM 6.5%.
#SriLanka SRI LANKA CENTRAL BANK: SRI LANKA INFLATIONARY PRESSURES COULD FURTHER INTENSIFY.
#SriLanka
Apr 8 5 tweets 2 min read
Spot #palladium rises about 3%. $XPD Spot #palladium rises nearly 6%, topping $2,400/oz. $XPD
Apr 8 4 tweets 1 min read
China premier holds meeting with business leaders, experts: radio China's premier Li Keqiang: China's economy faces greater uncertainties and challenges.
#China $CNY $CNH
Apr 8 4 tweets 2 min read
#China's banking regulator CBIRC says to further scale up support for development of small and micro enterprises in 2022.
cbirc.gov.cn/cn/view/pages/… #China's CBIRC asks banking institutions to boost credit support and enhance availability of loans for SMEs.
Apr 7 4 tweets 3 min read
INTERNATIONAL ENERGY AGENCY (IEA): OVER THE NEXT SIX MONTHS, AROUND 240 MILLION BARRELS OF EMERGENCY OIL STOCKS WILL BE MADE AVAILABLE TO THE GLOBAL MARKET.
#OOTT #IEA IEA: EMERGENCY OIL STOCKS IN IEA MEMBER COUNTRIES ARE EITHER IN THE FORM OF PUBLIC STOCKS (GOVERNMENT-OWNED OR BY SPECIALISED AGENCIES) OR STOCKS HELD BY INDUSTRY UNDER AN OBLIGATION OF THE GOVERNMENT.
#OOTT #IEA
Apr 7 4 tweets 2 min read
INTERNATIONAL ENERGY AGENCY (IEA) DETAILS UNITED KINGDOM TO RELEASE 4.41 MILLION BARRELS OUT OF 120 MILLION BARRELS RELEASE PLAN. #OOTT #IEA INTERNATIONAL ENERGY AGENCY (IEA): GERMANY TO RELEASE 6.48 MILLION BARRELS TO 120 MILLION BARRELS RELEASE PLAN. #OOTT #IEA
Mar 18 5 tweets 5 min read
BIDEN IN CALL WITH CHINA'S XI DESCRIBED IMPLICATIONS IF CHINA PROVIDES MATERIAL SUPPORT TO RUSSIA -WHITE HOUSE.
#US #China #Russia #Ukraine
whitehouse.gov/briefing-room/… Biden underscored his support for a diplomatic resolution to the crisis.
#US #China #Russia #Ukraine
Mar 18 12 tweets 12 min read
#Breaking:
China President Xi Jinping: Both sides should enhance communications on all fronts.
#US #China #Russia #Ukraine Xi, Biden agreed to respect each other, coexist peacefully, and avoid confrontation; both sides agreed to strengthen communication and dialogue at all levels and in all fields: Xinhua
#US #China #Russia #Ukraine
Mar 18 4 tweets 4 min read
#Breaking:
China's Xi Jinping: State-to-state relations cannot go to the step of fighting each other. Conflict and confrontation are not in the interests of anyone. Peace and security are the wealth that the international community should cherish most.
#China #US #Russia China's Xi Jinping says international community should cherish peace and security: CCTV
#China #US #Russia #Ukraine
content-static.cctvnews.cctv.com/snow-book/inde…
Mar 18 5 tweets 4 min read
Iran set up a clandestine banking and finance system to circumvent US-led sanctions, according to sources and documents -- WSJ
#Iran #OOTT System enabled Tehran to withstand sanctions, bank and corporate documents show -- WSJ
#Iran #OOTT #US
Mar 18 6 tweets 3 min read
FED'S WALLER: DATA IS SUGGESTING WE MOVE IN THE DIRECTION OF A 50 AT COMING MEETINGS.
#Fed $USD FED'S WALLER: EUROPE WILL FEEL OIL IMPACTS MORE THAN FOR THE U.S.; ALTHOUGH WILL KNOCK OFF HALF A POINT FROM U.S. GROWTH THIS YEAR.
#Fed $USD #OOTT