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CNY/HKD News
He Haifeng, Chief Economist of Guotai Junan: Macroeconomic policies have shifted to consumer demand to boost consumer demand and focus on scenarios and content
According to data recently released by the Ministry of Commerce, commodity consumption grew steadily in April. What policy incentives are currently needed to boost consumption? Today, at the 2024 Tsinghua Wudaokou Global Finance Forum, Cathay Pacific Junan's chief economist He Haifeng was interviewed by the Financial Federation.
Hong Kong's April CPI 1.1% YoY
Glonghui, May 23 | Hong Kong's consolidated CPI for April was 1.1% per annum, expected to be 2.00%, compared with the previous value of 2.00%.
The HKD interest rate rose above 4% across the board for three consecutive trading days
On May 21, the HKD interest rate rose across the board for three consecutive trading days. Among them, the overnight interest rate rose above 4% to 4.06226%, reaching a new high of more than two weeks.
The LPR remained unchanged in May. Experts predict that there is room for subsequent adjustments, but the magnitude is limited
① The LPR remains unchanged in line with market expectations. The MLF operating interest rate did not change in May, which means that the LPR quotation base remained stable during the month. ② LPR interest rate adjustments need to reflect factors such as own capital costs, market supply and demand, and risk premiums.
May LPR quotes released: 1-year and 5-year interest rates remain unchanged
In May, the loan market quoted interest rate (LPR) price was released. The 1-year LPR report was 3.45%, compared to 3.45% last month; LPR for a term of 5 years or more was 3.95%, compared to 3.95% last month.
Express News | Chen Maobo: Hong Kong's positive macroeconomic situation will announce exciting events for the second half of the year
Hong Kong's GDP Growth Slows to 2.7% in Q1, Revised Figures Say
GDP during the preceding quarter rose by 4.3%, while the seasonally-adjusted GDP rose by 2.3%, the report said.
Hong Kong's GDP grew 2.7% year on year in the first quarter and remained unchanged at 2.5% to 3.5% for the whole year
On May 17, the Hong Kong Government published the “Economic Report for the First Quarter of 2024” and revised GDP figures for the first quarter of 2024.
Hong Kong's GDP in the first quarter was 2.7% YoY
Glonghui, May 17 | Hong Kong's GDP for the first quarter was 2.7% per annum, forecast 2.70%, previous value 2.70%; quarterly rate 2.3%, forecast 2.30%, previous value 2.30%.
National Bureau of Statistics: The overall wage level of employed people in urban units will maintain steady growth in 2023
Wang Pingping said that in 2023, China's economy will recover better, social development will be stable, the number of employed people will increase, and the overall average annual wage of people employed in urban units will continue to grow. The actual growth rate is higher than the previous year.
Express News | CITIC Securities: The central bank's operation to stabilize the exchange rate has shown new characteristics
Express News | It is rumored that the Hong Kong Monetary Authority will announce details on the launch of the digital yuan in Hong Kong as soon as this Friday
The world's major central banks are in a “big fight”, and foreign exchange traders seek wealth insurance!
The monetary policy differences between the world's major central banks are intensifying, the volatility of the foreign exchange market will increase, and traders are both afraid and happy...
Global central bank policies are becoming fragmented, and the foreign exchange market is surging undercurrent
The policy trends of central banks around the world are divided, and foreign exchange traders have already begun to “rub their hands.”
China's Consumer Prices Rise For Third Month in April
China's consumer prices edged up for a third straight month in April, exceeding market expectations, according to data from the National Bureau of Statistics released on Saturday. The Consumer Price I
Express News | Li Jiachao held a brainstorming session to discuss Hong Kong's economic development
National Bureau of Statistics: National consumer prices rose 0.3% year on year in April
In April 2024, national consumer prices rose 0.3% year on year. Among them, cities rose 0.3%, rural areas rose 0.4%; food prices fell 2.7%, non-food prices rose 0.9%; consumer goods prices remained flat, and service prices rose 0.8%. On average from January to April, national consumer prices rose 0.1% over the same period last year.
The central bank spoke out, is a wave of bank “interest rate cuts” coming?
The industry expects that a new wave of deposit interest rate cuts may soon arrive.
Heavy! The “full circulation” rule for H shares was adjusted, and the brokerage abolished transaction quota control
After the implementation of the new regulations, investors are not required to register before reducing their holdings. After reducing their holdings, they must register with the Foreign Exchange Bureau within 20 working days. The brokerage firm removed transaction amount control.
More than just the Federal Reserve! This big problem is testing central banks around the world
It is probably the “culprit” for the US core CPI inflation exceeding expectations for 3 consecutive months...