PBoC auctions 3-month and 1-year yuan bills in Hong Kong at 1.53% and 1.47, respectively
The PBoC's auction of 3-month and 1-year yuan bills at rates of 1.53% and 1.47% reflects their ongoing stance on monetary policy and liquidity management.
Hong Kong government is to raise property stamp duty to 6.5% from 4.5% for homes valued above HKD 100mln
Chinese Premier Li says in meeting with German Chancellor Merz that China is willing to bolster dialogue, communication and mutual trust
PBoC auctions 3-month and 1-year yuan bills in Hong Kong at 1.53% and 1.47, respectively
HSBC (5 HK) Q4 (USD) net 4.7bln (prev. 197mln), pre-tax profit 6.8bln (prev. 2.3bln), NII 9.2bln (prev. 8.2bln), FY profit after tax 23.1bln (prev. 25.0bln Y/Y), rev. rose 4% Y/Y to 68.3bln
PRE-MARKET INDIAN STOCKS NEWS: HG Infra Engineering (HGINFRA IS) was declared lowest bidder by NHAI for a Capital Region Ring Road project worth INR 15.82bln
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These rates suggest a cautious approach amidst global rate adjustments, potentially signaling continued support for the yuan while also indicating the central bank's focus on stabilizing domestic conditions. Market participants should watch for any shifts in the rate path as this could impact the CNY and the broader risk sentiment in Asia.
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