People’s Bank of China

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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…
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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…