⚡Hang Seng Tech Index > 4,000, erasing the 1.3% drop earlier and now up 1.4%. Hang Seng Index $HSI +0.67%. Home builders are rallying, China Aoyuan +33%, Kaisa +23%, Shimao +21%, Times China +11%.
#China 's benchmark $SHCOMP pares the loss to 0.1%, and the CSI 300 Index turns…

⚡INE Containerized Freight Index (Europe Service) futures extend rally to 11%, heading to the 4,000 points record level.
#China #Shipping

#BREAKING
#CHINA SAID TO PLAN FIRST ULTRA-LONG CENTRAL BOND SALES FRIDAY, THE FOURTH SALE IN THE PAST 26 YEARS.
The total issuance will include 300 billion yuan 20-year bonds, 600 billion yuan 30-year notes and 100 billion yuan in 50-year tenors, from May through November.

⚡JD .com and Xiaomi sign a strategic agreement to deepen cooperation.
Xiaomi aims to achieve 200 billion yuan of omnichannel retail sales in three years, and JD will help popularize Xiaomi's smart hardware products.
#China $JD #Xiaomi $XIACY

🇨🇳🇺🇸China's battery giant CATL drops as much as 4% after the Biden administration is set to announce new #China tariffs targeting strategic sectors, including a major hike in levies on electric vehicles (EVs).
#China #stockmarket

⚡PBOC conducts a 2 billion yuan 7-day reverse repo on Monday, offsetting the 2 bln yuan due today.
#China #liquidity

⚡ #China 's INE Containerized Freight Index (Europe Service) futures opened up 5% on Monday, to the highest since debut.
#Nickel +0.5%, #copper +0.17%. #Aluminum -1.4%, #tin -1.2%, #zinc -0.3%.
INE crude oil drios 1.4% to 610 yuan per barrel. #OOTT
#IronOre +0.2%.

⚡PBOC cuts the $CNY Central Parity Rate by 19 pips to 7.1030 per USD, 1,231 pips stronger than market expectations.
#China $USDCNY $USDCNH

PBOC's Reverse Repo dues this week (in yuan):
May. 13, Mon, 2 bln yuan
May. 14, Tue, 2 bln yuan
May. 15. Wed, 2 bln yuan, plus 125 bln MLF.
May. 16, Thu, 2 bln yuan
May. 17, Fri, 2 bln yuan
---
Total 10 bln yuan 7-day RRP and 125 bln MLF due.
#China #liquidity

The Shanghai and Shenzhen exchanges plan to cease displaying real-time figures on purchases or sales of local stocks through the Stock Connect scheme with Hong Kong. Instead, the two bourses will provide the turnover details on a daily basis, along with the 10 most-traded stocks…

🇨🇳🇮🇷Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.
An Iraqi Kurdish company also took two of the 29 projects up for grabs in…

#China April Money Supply:
M2 money supply +7.2% y/y; Est. +8.3%;
M1 money supply -1.4% y/y; Est. +1.2%;
M0 money supply +10.8% y/y; Prev. +11.0%;
Jan-April
Aggregate financing 12.73 trillion yuan;
New yuan loans 10.19 trillion yuan.
$CNY #EconTwitter 🇨🇳

⚠ Top 10 Macro/Financial Charts of the Week – w19 (2024) ⚠

*HT Longview Economics, Lawrence McDonald, Zoe Schneeweiss, Mike Zaccardi, CFA, CMT 🍖, CN Wire, Macro Charts, Andreas Steno Larsen

#Fed #Inflation #Stocks #China

christophe-barraud.com/top-10-macro-f…

CHINA APRIL VEHICLE WHOLESALES +9.3% Y/Y: CAAM