• Prior close was 6.2163
  • Has subsequently traded to 6.2225 in early trades, which is the weakest for CNY since June this year

On interest rates, the 7-day repo opened at 5.22% vs. 5.28% average for the previous day

  • Subsequently been up to just above 5.8%
  • 14-day repo at 8%, highest since January

Nothing is holding back Chinese equities, though … the Shanghai Composite just hit a 4-year high