People's Bank Of China
Markets Spooked After China Central Bank Announces More Rate Liberalization, Yuan Internationalization
Submitted by Tyler Durden on 01/08/2016 07:25 -0500U.S. STOCK INDEX FUTURES PAIR GAINS SLIGHTLY AFTER CHINA'S CENTRAL BANK SAYS IT WILL FURTHER LIBERALIZE INTEREST RATES - RTRS
Translated: even more devaluation + even less intervention = bad for risk.
Zimbabwe Becomes Beijing's First African Colony With Adoption Of Chinese Yuan
Submitted by Tyler Durden on 12/24/2015 11:13 -0500On Monday, Zimbabwe announced that this small, economically devastated country would officially make the Chinese Yuan its legal tender as it seeks to increase trade with Beijing. In exchange for becoming not only a military but also financial colony of China, $40 million of its debts to Beijing would be canceled. China was delighted it cost it only a $40 million debt write off to acquire its first official African colony.
China's Cost To Avoid The Dreaded Working Class Revolution: A Record CNY11.1 Trillion, And Rising
Submitted by Tyler Durden on 12/22/2015 12:37 -0500Global Stocks Slump As Mining Rout Accelerates, Concerns Grow About Chinese "Stealth Devaluation"
Submitted by Tyler Durden on 12/09/2015 06:53 -0500- Alistair Darling
- Aussie
- Bond
- Carry Trade
- China
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Federal Reserve
- fixed
- France
- Germany
- Glencore
- Gundlach
- High Yield
- Hong Kong
- Jim Reid
- Markit
- NFIB
- Nikkei
- People's Bank Of China
- Precious Metals
- Price Action
- Short Interest
- Volatility
- Volkswagen
- Wholesale Inventories
- Yuan
Overnight market action has largely been a continuation of Tuesday's key themes with European stocks falling as a selloff in mining companies extended to a 7th day, even as metals prices rose and crude oil rallied modestly from a six-year low after yesterday's API crude inventory draw. U.S. equity futures have rebounded from modest declines, as emerging-market shares extended their losing streak to a 6th day while Asian stocks dropped to 2 month lows.
Gold Buying Surges In November - China Buys 21 Tonnes In November Alone
Submitted by GoldCore on 12/08/2015 11:02 -0500Sales of American Eagle gold coins at the U.S. Mint surged in November, with gold demand nearly tripling month-over-month. China's gold reserves rose by another 21 tonnes in November, the biggest bout of gold buying since China began disclosing monthly data on it's gold reserves in June
Despite these very high levels of demand, gold prices fell sharply in November - from $1,141/oz to $1,070/oz or 6.6%.
Gold Demand in China Heading For Record and Reserves Increase 14 Tonnes In October
Submitted by GoldCore on 11/30/2015 10:52 -0500While gold prices continue to languish in the doldrums and are on course for their worst month since 2013, global demand and especially Chinese retail, investor and official demand continues to remain very robust. Indeed, China looks likely to see a new record demand for gold annually again in 2015.
Frontrunning: November 23
Submitted by Tyler Durden on 11/23/2015 07:47 -0500- Brussels on Edge as Lockdown Continues (WSJ)
- Stocks Pare Decline as Crude Oil Erases Drop on Saudi Comments (BBG)
- Italy’s Eni Plans to Pump Arctic Oil, After Others Abandon the Field (WSJ)
- Treasuries Decline as Economists Say GDP to Be Revised Higher (BBG)
- Why the Housing Rebound Hasn’t Lifted the U.S. Economy Much (WSJ)
- Argentina Fever Is Back for Investors as Kirchner Rival Triumphs (BBG)
IMF Greenlights Addition Of Chinese Yuan To SDR Basket: Wall Street Responds
Submitted by Tyler Durden on 11/15/2015 08:53 -0500While the world was following the tragic events unfolding on Friday night in France where hundreds of innocent civilians were killed or injured, an important economic development took place at the IMF, whose staff and head Christine Lagarde, officially greenlighted the acceptance of China's currency - the Renminbi, or Yuan - into the IMF's foreign exchange basket, also known as the Special Drawing Rights. Here are the initial early responses by various Wall Street analysts.
China’s Central Bank Buys Another 14 Tons of Gold … Bullion Falls To 3 Month Low
Submitted by GoldCore on 11/09/2015 12:15 -0500China is playing the long game and they could be low balling their total gold holdings – official central bank reserves and non official, governmental holdings – in order to maintain confidence in their substantial US dollar holdings and to aid their bid to join the IMF.
"I Would Say Don't Worry" Says Chinese Central Banker As Indian Central Banker Says "World Economy Is Looking Grim"
Submitted by Tyler Durden on 10/07/2015 19:17 -0500"I would say, don't worry" said Yi Gang, deputy governor of the People's Bank of China, after the International Monetary Fund warned of risks in China's economic challenges.
"The world economy is looking grim" - said Raghuram Rajan, Indian central bank governor and former chief economist of the International Monetary Fund.
Frontrunning: September 22
Submitted by Tyler Durden on 09/22/2015 06:36 -0500- Apple
- Barack Obama
- Capital Markets
- China
- Commercial Real Estate
- default
- Glencore
- Global Warming
- Greece
- India
- Institutional Investors
- Israel
- Mexico
- MSNBC
- Natural Gas
- NBC
- People's Bank Of China
- Real estate
- recovery
- Reuters
- Securities and Exchange Commission
- State Economy
- Treasury Department
- Volkswagen
- Pressure builds on Volkswagen CEO as emissions-cheating probe spreads (Reuters)
- Volkswagen Emissions Scandal Relates to 11 Million Cars (WSJ)
- Volkswagen Emissions Investigations Should Widen to Entire Auto Industry, Officials Say (WSJ)
- Germany's Bosch makes VW's U.S. diesel components (Reuters)
- Volkswagen scandal will have personnel consequences - state economy minister (Reuters)
- Glencore Falls to Record as Mining Shares Lead Stock Losses (BBG)
- Despite Slump, China’s Xi Jinping Pledges Economic Reforms (WSJ)
"If It Bleeds, We Can Kill It" - Top Performing Hedge Fund Manager Compares China To The Predator
Submitted by Tyler Durden on 09/10/2015 17:20 -0500"Being bearish on China for the last few years has reminded me of the 1987 action classic "Predator". For bears, much like the alien in Predator, the Chinese government has continually used special abilities that were previously unknown. Bearish investors in China had been picked off relentlessly and seemingly effortlessly by the government and the central bank. But then just as suddenly, the stock market started to sell off and the pressure on the currency began to build. This led to the small devaluation we saw in the Renminbi in August."
"Central Bankers Look Naked... & Investors Have Nothing Else To Believe In"
Submitted by Tyler Durden on 08/26/2015 09:16 -0500"Policymakers responded to the financial crisis with easy monetary policy and low interest rates. The critics — including us — argued against 'solving a debt crisis with more debt.' Put differently, we said that QE was necessary, but not sufficient for a recovery. We are now coming to the moment of reckoning: central bankers look naked, and markets have nothing else to believe in."
China Cuts Benchmark Interest Rate By 25bps, Cuts RRR By 50bps
Submitted by Tyler Durden on 08/25/2015 05:19 -0500- CHINA PBOC CUTS INTEREST RATES
- CHINA PBOC CUTS REQUIRED DEPOSIT RESERVE RATIO
- CHINA PBOC CUTS 1Y DEPOSIT RATE BY 25 BPS
- CHINA PBOC CUTS 1Y LENDING RATE BY 25 BPS
- CHINA PBOC CUTS BANKS DEPOSIT RESERVE RATIO BY 50 BPS
No Greatly Anticipated RRR Cut From China, Just More Jawboning: Will It Be Enough
Submitted by Tyler Durden on 08/23/2015 08:18 -0500In the aftermath of China's worst manufacturing PMI since the financial crisis, which in turn sent the Shanghai Composite crashing to the "hard floor" level of 3500, below which the PBOC and Beijing officially are seen as having lost control, virtually every China expert and strategist rushed to defend China's policymakers (and its stock market) with predictions that an RRR cut as large as 100 bps is imminent, and would take place as soon as this weekend, a much-needed move to calm nerves that China is in control. it did not.




