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CICC Recommends Continued Overweight in Gold
CICC Research said that the two narratives that previously suppressed gold are being disproved: first, global liquidity has not really entered a tightening cycle; second, "de-dollarization" has not en
Half of Gains Erased! Yen Nears 160 Against USD Again, Will Japan and U.S. Intervene Jointly?
On August 10, the yen fell 1%, erasing half of the gains brought by the first Japan-U.S. joint intervention since 1998.After the joint intervention on July 31, the yen against the U.S. dollar once app
Has Japan-U.S. Joint Intervention Failed? Yen Gives Back Most Gains as Next 'Red Line' Nears
Has the "whatever-it-takes" joint intervention by the U.S. Treasury Secretary and Japan to support the yen failed? If the yen breaks through the 160 level again, will the Japanese government and the U
Strong Foreign Trade Growth Boosts RMB to Three-and-a-Half-Year High Against USD
On August 10, the onshore RMB closed at 6.7442 against the U.S. dollar, up 59 basis points from the previous trading day, hitting a new high since February 2, 2023. On the same day, the central parity
PBOC: Timely Plan Practical Incremental Policies and Step Up Counter-Cyclical Adjustment
Since the beginning of this year, under the strong leadership of the Party Central Committee, China's economy has shown a development momentum of shifting to new growth drivers and optimizing structur
Onshore RMB/USD Rate Hits 3.5-Year High: Where Does It Go From Here?
On August 10, the onshore RMB/USD closing rate stood at 6.7442, up 59 pips from the previous trading day and marking the highest level since February 2, 2023.On the central parity rate front, the RMB/
Xinhua Financial Daily Briefing: August 8
- General Administration of Customs: Cumulative integrated circuit exports reached $216 billion in January-July, up 99.5% year-on-year.- The People’s Bank of China (PBoC) increased its gold holdings f
China's Forex Reserves Total US$3.4188 Trillion at End-July; Gold Reserves Rise for 21st Consecutive Month
On August 7, statistics released by the State Administration of Foreign Exchange (SAFE) showed that China's foreign exchange reserves stood at US$3.4188 trillion at the end of July 2026, up US$2.5 bil
China's Forex Reserves Inch Up at End-July; Central Bank Continues Gold Accumulation
According to the latest statistics released by the State Administration of Foreign Exchange (SAFE) on August 7, China's foreign exchange reserves stood at US$3.4188 trillion at the end of July 2026, u
Exchange Losses Plus a 20% Tax? Hong Kong Insurance Tax Rumors Rattle Investors with Trillions in Offshore Policies at Stake
Mainland Chinese investors who purchased Hong Kong dividend insurance are growing anxious over reports that returns on offshore policies could be subject to a 20% personal income tax, on top of exchan