HSBC backs Chinese assets: Overweight A-shares and H-shares, with 'long RMB' as one of the top macro strategies of the year.
HSBC's annual macro strategy strongly favors China, recommending an overweight allocation to A-shares and Hong Kong stocks by 2026, along with establishing a long position in the renminbi. The recommendation is to "sell Swiss francs and buy offshore renminbi." Institutions warn of risks associated with crowded AI trading and advise reducing exposure to South Korean equities, shifting instead to assets supported by domestic demand in China, India, and Indonesia as a defensive strategy against market volatility.
China to Open Wider, Spur Spending in 2026
List of RMB Central Parity Rates on January 12, 2026
List of RMB Central Parity Rates on January 12, 2026
China Inflation Edging Higher Doesn't Mean Reversal of Deflationary Pressures -- Market Talk
China's CPI in December increased by 0.8% year-on-year, compared to the previous value of 0.7%.
More updates to follow.
List of Central Parity Rates for the Renminbi on January 8, 2026
List of central parity rates for the Renminbi on January 8, 2026
China Forex Reserves Rise in December 2025
List of central parity rates for the Renminbi on January 7, 2026
List of RMB Central Parity Rates on January 7, 2026
List of RMB central parity rates on January 6, 2026
List of RMB central parity rates on January 6, 2026
List of central parity rates for the RMB on January 5, 2026
List of central parity rates for the RMB on January 5, 2026
List of RMB central parity rates on January 4, 2026
List of RMB central parity rates on January 4, 2026
China has made its latest commitment to supporting economic growth in 2026!
FX168 Financial News Agency (Asia-Pacific) reported that China announced it would expand government spending and optimize fund allocation methods by 2026, aiming to strike a balance between stabilizing economic growth and preventing debt risks.
Year-end foreign exchange settlement demand surges! The RMB exchange rate breaks below 7 again after 14 months—what’s the outlook moving forward?
The recent appreciation volatility in the RMB exchange rate is reasonable, primarily driven by three factors: a weaker US dollar, catch-up growth amid shifting expectations, and concerns over the seasonal pattern of concentrated foreign exchange settlements at the end of the year and the beginning of the next.
China's Central Bank To Keep Liquidity Ample In Efforts To Bolster Economy
Express News | The US dollar fell below the 7.0 mark against the offshore Chinese yuan for the first time since 2024.
Express News | Russian Central Bank Governor: Cryptocurrency mining could be another factor strengthening the ruble.
The Divergence Between Hong Kong Stocks and the Offshore Renminbi: Is the Stock Market or the Exchange Rate 'Wrong'?
Historically, exchange rate movements have exhibited a strong positive correlation with both the A-share and H-share markets, as a strengthening currency often implies foreign capital inflows and improving fundamentals in China. Not to mention, Hong Kong-listed stocks benefit additionally from the translation of stronger Renminbi earnings into Hong Kong dollar-denominated EPS.
Institutions: The factors driving the continued appreciation of the RMB are gradually increasing, and market attention is beginning to rise.
Based on the seven rounds of RMB appreciation cycles over the past 20 years, the exchange rate has not been the decisive factor in determining industry allocation.
National Bureau of Statistics: Total retail sales of consumer goods in November amounted to 4.3898 trillion yuan, increasing by 1.3% year-on-year.
From January to November, the total retail sales of consumer goods reached 45.6067 trillion yuan, representing a growth of 4.0%. Excluding automobiles, the retail sales of consumer goods amounted to 41.1637 trillion yuan, increasing by 4.6%.
National Bureau of Statistics: Retail sales of consumer goods increased by 1.3% in November.
Data from the National Bureau of Statistics showed that in November, the total retail sales of consumer goods reached 4.3898 trillion yuan, increasing by 1.3% year-on-year.