CNY (RMB) 02 (Feb 16 - Dec 24)

[winston]

Chinese counterfeiters’ banknotes prove so good they fool detection machines

Police arrest 14 suspects who had reportedly printed fake money with a face value totalling 4 million yuan and posted in to buyers

Source: SCMP

http://www.scmp.com/news/china/society/ ... -they-fool

[winston]

CLSA: China To De-Peg Yuan In 2017, Already Has A “Dirty Float”

By Shuli Ren

CLSA's house view is that the People’s Bank of China will de-peg the yuan by mid-2017.

CLSA thinks the yuan will fall to 8 per dollar by the end of 2017, but recover back to 7 by the end of 2018.

The reasoning behind CLSA’s de-peg view is familiar: China’s capital flight.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... rty-float/

[behappyalways]

getting-the-yuan-right-means-ignoring-what-chinese-leaders-say
http://www.bloomberg.com/news/articles/ ... eaders-say

[behappyalways]

china-s-capital-outflows-truce-awaits-cue-from-janet-yellen
http://www.bloomberg.com/news/articles/ ... net-yellen

[winston]

IMF Deputy Managing Director: Ready to Include RMB into SDR

First Deputy Managing Director of IMF David Lipton said IMF urged countries to make bold moves and use measures to boost growth, so as to maintain the QE policy appropriately, China Business News.

He also said IMF has been ready to include RMB into SDR.

He said recently certain foreign institutions are allowed to enter the interbank bond market of China, and he expected the trend to continue.

With a large scale in use, including RMB into the SDR is a right move, Lipton said.

Source: AAStocks Financial News

[behappyalways]

China April FX reserves rise to $3.22 trillion
http://www.cnbc.com/2016/05/08/china-ap ... llion.html

[behappyalways]

「權威人士」唱淡中國經濟　離岸滙價兩連跌
人幣兩個月新低下試6.7
http://hk.apple.nextmedia.com/financees ... 1/19606268

[winston]

Yuan Reform Lost Momentum, Minutes Of Closed-Door PBoC Meetings Show: WSJ

By Shuli Ren

A major leadership reshuffle next year not only slows down the yuan reform, but also other structural reforms.

This is why Credit Suisse thinks the Hang Seng Index will trade range-bound till 2018, because Chinese stocks simply will not be rewarded with a higher trading multiple.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... -show-wsj/

[behappyalways]

美料加息　人幣恐掀新跌浪
http://hk.apple.nextmedia.com/financees ... 1464176835

[behappyalways]

人幣中間價逾五年新低
http://hk.apple.nextmedia.com/financees ... 1464249376