Market Trends
Information and commentary from Hong Kong on the current market and future prospects regarding wildly fluctuating RMB exchange rates, interest rates and stocks.
Mizuho Bank 2021 RMB Outlook (Aug, 2021) [Steady but headwinds evolving](PDF/1,602KB)
Mizuho Bank 2021 RMB Outlook (Jul, 2021) [The resilience of RMB](PDF/1,531KB)
Mizuho Bank 2021 RMB Outlook (Jun, 2021) [The return of RMB rally](PDF/1,529KB)
Mizuho Bank 2021 RMB Outlook (May, 2021) [The return of RMB rally](PDF/1,452KB)
Offshore RMB Market Report
Comments on offshore RMB exchange rates, interest rates and stocks from the Hong Kong Treasury Division.
May 10, 2024 Offshore RMB Market Report[CNH pared back gains to above 7.2 handle](PDF/258KB)
Apr 19, 2024 Offshore RMB Market Report[PBoC set CNY fixing weaker above 7.1](PDF/233KB)
Apr 12, 2024 Offshore RMB Market Report[PBoC is determined to maintain FX stability](PDF/234KB)
Apr 5, 2024 Offshore RMB Market Report[USD/CNY spot almost hit its upper trading band](PDF/232KB)
Mar 22, 2024 Offshore RMB Market Report[The CNY breakout above 7.2 sparked RMB sell-off](PDF/233KB)
Mar 8, 2024 Offshore RMB Market Report[Optimism on China stimulus package diminished](PDF/238KB)
Feb 23, 2024 Offshore RMB Market Report[PBoC managed to defend CNY below 7.2](PDF/261KB)
Feb 2, 2024 Offshore RMB Market Report[Optimism on China stimulus package diminished](PDF/238KB)
Jan 19, 2024 Offshore RMB Market Report[PBoC managed to defend CNY below 7.2](PDF/197KB)