Greater China Macro Daily(Beta Mode)
PBoC Adds Liquidity Amid Equity Divergence
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Shanghai Composite | 3,946.68 | +0.32% |
| CSI 300 | 4,690.92 | +0.58% |
| Hang Seng | 25,652.82 | -1.10% |
| TAIEX | 45,120.72 | +0.43% |
| USD/CNY | 6.74 | -0.17% |
| USD/HKD | 7.85 | +0.01% |
| Copper | 6.61 | -0.06% |
| Brent Crude | 88.37 | -0.61% |
| Gold | 4,469.00 | +1.96% |
| Bitcoin | 63,409.02 | -0.22% |
| China 2Y Govt Yield | - | - |
| China 10Y Govt Yield | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
TAIEX Index | Type: market_hloc | Index: 4.512e+04 (2026-08-11) | Range: 3.993e+04–4.774e+04 | Trend(5pt): 4.19e+04,4.646e+04,4.457e+04,4.423e+04,4.512e+04
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Current Account Preliminary | 184,300m | - | 01:00 |
- Shanghai Composite rises 0.32% while Hang Seng falls 1.10% on mixed regional sentiment.
- PBoC conducts 18 billion yuan 7-day reverse repos at 1.40% to sustain liquidity.
- USD/CNY eases 0.17% to 6.74 as gold climbs 1.96% amid global uncertainty.
Yesterday's Recap
Mainland China equities advanced modestly with the Shanghai Composite closing at 3,946.68, up 0.32%, and the CSI 300 finishing at 4,690.92, up 0.58%. Hong Kong’s Hang Seng Index declined 1.10% to 25,652.82 while Taiwan’s TAIEX gained 0.43% to 45,120.72, supported by semiconductor names. The PBoC injected 18 billion yuan through 7-day reverse repos at 1.40%, keeping liquidity conditions accommodative.
USD/CNY fell 0.17% to 6.74 and USD/HKD held steady at 7.85 inside the peg band. Copper slipped 0.06% to 6.61 as Brent crude dropped 0.61% to 88.37, reflecting subdued China demand signals. No major data releases occurred across Greater China on August 11.
Beijing projects outward confidence despite underlying growth concerns, according to a US congressional advisory panel. Legacy reforms associated with the late Zhu Rongji continue to shape policy discussions on market orientation and state enterprise restructuring.
The Day Ahead
China will release the Current Account Preliminary figure on August 14 at 01:00 ET, following a prior 184.3 billion USD print. Markets anticipate steady PBoC liquidity operations with potential 7-day reverse repo rollovers to maintain funding stability. No rate decisions or policy meetings are scheduled for the HKMA or CBC.
Property sector data and local government land auction results may surface, offering further insight into domestic demand. Cross-strait trade flows and semiconductor export trends warrant monitoring given Taiwan’s positioning. New EU packaging regulations are tightening compliance costs for Chinese exporters, adding pressure on trade margins.
Indonesia’s inaugural Panda bond issuance highlights expanding RMB financing channels beyond Greater China.
Other Economic Notes
Beijing projects outward confidence despite underlying growth concerns, according to a US congressional advisory panel. Legacy reforms associated with the late Zhu Rongji continue to shape policy discussions on market orientation and state enterprise restructuring. New EU packaging regulations are tightening compliance costs for Chinese exporters, adding pressure on trade margins.
Indonesia’s inaugural Panda bond issuance highlights expanding RMB financing channels beyond Greater China. <i>↓ p.2</i>
