The reopening trade, and the propping up of property, continues to provide a tailwind for China.
China stocks higher on the session:
Onshore yuan got a circa 6950 point revaluations at the reference rate setting today:
Weekend news from China:
(Gold Read this Term
Saturday was the first day of China’s Spring Festival (it goes for 40 days and incorporates the Lunar New Year), travel was up 38.9% y/y, still down 48.6% from 2019-level but nothing to sneeze at (probably the wrong expression to use 😉 )
From HK this morning, Financial Secretary Chan says HK tech start up listings will resume this year.
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