$VGT(02476)$ China Policy Watch 🇨🇳 The latest signals from the PBOC point clearly toward stability with a bias to ease: • Stronger-than-expected daily fixing at 6.8594 → reinforcing currency stability despite oil-driven pressure • RMB 500mn injected via 7-day reverse repo (1.4%) → liquidity remains ample (DR007 steady at 1.40%) • No changes to MLF or LPR → policy patience for now • 10Y CGB yield at 1.757% (down sharply MTD) → markets pricing in further easing Meanwhile, FX remains tightly managed: USD/CNH ~6.83 | USD/CNY 6.8680 — stability, not devaluation. 📌 Takeaway: China is holding the line on the currency while quietly keeping liquidity supportive. If Q2 data softens, watch closely for a potential RRR cut — that’s the lever equities will car
China Policy Watch 🇨🇳 The latest signals from the PBOC point clearly toward stability with a bias to ease: • Stronger-than-expected daily fixing at 6.8594 → reinforcing currency stability despite oil-driven pressure • RMB 500mn injected via 7-day reverse repo (1.4%) → liquidity remains ample (DR007 steady at 1.40%) • No changes to MLF or LPR → policy patience for now • 10Y CGB yield at 1.757% (down sharply MTD) → markets pricing in further easing Meanwhile, FX remains tightly managed: USD/CNH ~6.83 | USD/CNY 6.8680 — stability, not devaluation. 📌 Takeaway: China is holding the line on the currency while quietly keeping liquidity supportive. If Q2 data softens, watch closely for a potential RRR cut — that’s the lever equities will care about next. #China #PBOC #Macro #Markets #FX #Liquidity
US-Iran Ceasefire: Oil Volatility vs. Risk Appetite Brent surged to ~$99.35/bbl (+63.24% YTD), with back-months pricing a sustained Hormuz disruption premium while front-month prints hover near $94–$95. The $Cboe Volatility Index(VIX)$ climbed to 19.50 as US equities sold off ( $S&P 500(.SPX)$ -0.63%, $NASDAQ(.IXIC)$ -0.59%). For Hong Kong positioning, this creates a sharpened binary: failure = oil gaps toward $100+, energy names rally ( $CNOOC(00883)$ , $PETROCHINA(00857)$ , $CHINA SHENHUA(01088)$ reporting Friday) but broad ris
$CHOW SANG SANG(00116)$ I have held Chow Sang Sang (00116) for a year and decided to add more to my position today. As a traditional jeweler, the company’s book value is largely underpinned by its physical gold inventory, providing a solid asset base.
I think Nvidia is still ahead when it comes to the Ai aspect and they could break to new highs or partner with top company's who knows but AMD is a top challenger right now and they are catching up so I am not suprised they broke $300 🤔time will tell company's may lean more towards AMD for cheaper/substitute AI chips