People’s Bank of China


All signs point to a fast-rising yuan

China’s yuan breached 6.83 to the US dollar this week for the first time since May 2019 and will continue to appreciate as China maintains a neutral monetary policy while other major economies loosen aggressively.   China’s shift to expanding domestic demand, promoted by President Xi…

Time to buy China’s smoking hot equities

Chinese stocks don’t look as cheap on a valuation basis as they did in January 2019 before a 60 percentage point gain in the CSI 300 Index. As we explain below, China’s equity market valuation rose as currency risk shrank. We are a long way…