Posted on 02/02/2020 10:46:16 AM PST by BenLurkin
According to Reuters calculations based on official central bank data, 1.05 trillion yuan worth of reverse repos are set to mature on Monday, meaning that 150 billion yuan in net cash will be injected.
Investors are bracing for a volatile session in Chinese markets when onshore trades resume on Monday after a break for the Lunar New Year which was extended by the government.
China’s stock, currency and bond markets have all been closed since Jan. 23 and had been due to re-open last Friday.
There will be no further delays to the reopening, the securities market regulator said in an interview in the People’s Daily newspaper on Sunday.
(Excerpt) Read more at reuters.com ...
Chiiina markets open before the game ends
Can’t believe it won’t affect other markets too. Hold some shorts since Thursday.
First time I have seen this. The US fed is also injecting liquidity into the repo market here. Banks have stopped trusting one another and won't lend to each other. This is the next financial crisis, just below the surface now.
I wonder if this has a lot to do with the stories I’ve read about how if you go to places like Shanghai and elsewhere there, you see all of this big, new modern infrastructure and buildings but that these places are about half or nearly empty. And that a very serious credit crisis that gets very little or no attention in the media is continuing to affect China very much so.
Now china is desperate, and their economy is teetering on a knife edge. Who's laughing now?
Now if only Trump could ban H1-B's, CPT and the other ways we import hundreds of thousands of Indian and Chinese tech slaves, it would be a total America First victory.
All very true .
thanks
Exactly, tourists coming back to the US from China say the streets are deserted, stores closed. Never seen anything like it.
Meanwhile HK wants to close the border with the mainland. Let’s see what kind of luck they have with that...
Credit crisis, and now bird flu outbreak. On top of armyworm infestation of their corn crop and half their pigs dead.
How come we don’t have these crises here? How come all the flu and virus outbreaks come out of that part of the world?
Because they are weaponizing biowarfare, is why. This one just got into the wild, either through accident or sabotage.
I think this is good. I’ve been very worried about the effect of this not only on the markets but on businesses that depend on China. Which way too many do.
https://etfdb.com/themes/inverse-short-china-etfs/
I checked the price on YXI last night, it was given as $6.83.
I went to buy some an hour ago and it was over $17.
For the win.
According to reports I’ve read somehow they are going to open the market but
forbid selling.....
How exactly does that work?
I think you can sell but not short it
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.