The Importance of the Obscure: Banker's Acceptance and Capital Flows Out of China
Yesterday was money and credit data release data in China. Most of the numbers grew robustly, as is always expected with this specific release,...
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What MSCI Rejection Means for Chinese Indexes and the RMB
It was announced early Asia morning that the MSCI would not be including China in the Emerging Market Index. While China had clearly hoped for...
301 Views
China's International Financial Position
Two interesting developments have affected China’s international financial standing in recent months. The first is that the yuan – China’s currency...
314 Views
A Strange Thing Happened on the Way to the CNY/CNH Option
A strange thing has happened to the value of CNY/CNH options and NDF pricing. Despite the increased concern over the RMB, the spread between the...
312 Views
What Is the Path for the RMB Going Forward?
Anticipating a rate hike, the PBOC had been steering the RMB weaker in recent weeks. The CNH has consistently been trading weaker than the CNY...
342 Views