Greater China Macro Daily(Beta Mode)
PBOC Issues RMB Bills via HKMA, Equities Mixed
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Shanghai Composite | 3,936.52 | -0.39% |
| CSI 300 | 4,517.28 | -0.60% |
| Hang Seng | 25,042.71 | +1.18% |
| TAIEX | 47,718.84 | +1.14% |
| USD/CNY | 6.70 | +0.10% |
| USD/HKD | 7.84 | -0.02% |
| Copper | 6.79 | +0.47% |
| Brent Crude | 98.36 | -0.90% |
| Gold | 4,322.70 | -1.23% |
| Bitcoin | 84,420.00 | -2.03% |
| China 2Y Govt Yield | - | - |
| China 10Y Govt Yield | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
China Exports Value | Type: macro_line | USD bn: 25.39 (2026-06-01) | Range: -14.55–39.64 | Trend(5pt): 28.5,-7.732,0.4113,7.56,25.39
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- PBOC to issue 60 billion RMB six-month bills through HKMA, deepening offshore yuan liquidity ahead of Trump-Xi talks.
- Mainland equities fell while Hong Kong and Taiwan indices rose on semiconductor demand and yuan stability signals.
- China’s global container export share hit 40 percent, highlighting trade reliance amid EU protectionism concerns.
Yesterday's Recap
Mainland China equities closed lower on 22 September with the Shanghai Composite declining 0.39 percent to 3,936.52 and the CSI 300 falling 0.60 percent to 4,517.28. In contrast, Hong Kong’s Hang Seng Index advanced 1.18 percent to 25,042.71 while Taiwan’s TAIEX gained 1.14 percent to 47,718.84, supported by technology sector strength. USD/CNY settled at 6.70 after the PBOC fixed the daily reference rate at 6.7468, above the Reuters estimate of 6.6989.
USD/HKD eased 0.02 percent to 7.84. No macroeconomic data releases occurred across mainland China, Hong Kong or Taiwan. Copper rose 0.47 percent to 6.79 while Brent Crude and gold declined.
PBOC announced plans to issue 60 billion RMB six-month bills via the HKMA to bolster the offshore yuan market.
The Day Ahead
No economic data releases or central bank policy meetings are scheduled for mainland China, Hong Kong or Taiwan on 23-24 September. Markets will focus on developments surrounding the Trump-Xi summit in Washington, where trade, technology and AI safety issues may feature. Participants will monitor any follow-up PBOC liquidity operations or yuan fixing adjustments.
HKMA continues preparations for new CMU products and wholesale CBDC pilots later this year. Investors will also track any signals on semiconductor export orders from Taiwan amid ongoing global demand strength.
Other Economic Notes
China’s share of global container exports reached 40 percent, underscoring the economy’s continued reliance on trade and raising concerns among trading partners. Commerce Minister Wang Wentao urged the EU to maintain open auto markets and avoid protectionist measures against Chinese vehicles. CanSemi Technology filed for a 6.16 billion yuan IPO on ChiNext, joining the wave of domestic chip foundries seeking capital under Beijing’s self-reliance push.
Gold imports exceeded 1,000 tonnes, driven by investor demand, a firmer yuan and expectations of lower prices. Reports indicated Beijing moved to neutralise yuan-related tensions ahead of the upcoming Trump-Xi summit.
