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LUEN THAI

CHINA PARTYTIME

BUTONG GROUP

CHINA INFO TECH

HING LEE (HK)

DEEPEXI TECH

INTELLIMARK W27

MEXAN

CAPITAL ESTATE

CNYA

83420

MCHI

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USDU

The People's Bank of China (PBOC) is expected to set the USD/CNY reference rate at 6.9108, a key indicator in Asian foreign exchange markets. The PBOC operates a managed floating exchange rate system, allowing the yuan to trade within a 2% band around a daily midpoint. This midpoint is influenced by various factors, including previous closing prices and economic conditions. The fixing serves as a policy signal, indicating the PBOC's stance on currency strength or weakness, especially during global volatility.

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PBOC is expected to set the USD/CNY reference rate at 6.9108 – Reuters estimat

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In a report released yesterday, from CICC maintained a Buy rating on Value Partners Group, with a price target of HK$3.00. The company’s shares closed last Friday at HK$2.29.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on Value Partners Group is a Moderate Buy with an average price target of HK$2.98.

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Value Partners Group (VPGLF) Gets a Buy from CICC

Value Partners Group's 2025 Profit Jumps as Fee Income Rises

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Value Partners Group's 2025 Profit Jumps as Fee Income Rises

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Value Partners Group Expects 2025 Profit to Surge to HK$660 Million

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Today (the 3rd), the People's Bank of China conducted a seven-day reverse repurchase operation in the open market amounting to 105.5 billion yuan, with the operation interest rate remaining at 1.4%. Today, 402 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 296.5 billion yuan for the day

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The People's Bank of China conducted a reverse repurchase of 105.5 billion yuan today, with a net withdrawal of 296.5 billion yuan for the day

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CXSE

The PBOC follows a managed floating exchange rate system. Allows the yuan to fluctuate within a +/- 2% range, around a central reference rate, or "midpoint."Previous close 6.9444more to come

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WisdomTree China Ex-St Own Entp

PBOC sets USD/ CNY central rate at 6.9608 (vs. estimate at 6.9598).

China PBOC expected to set yuan mid-point at 6.9598 per dollar - Reuters estimate

China PBOC expected to set yuan mid-point at 6.9598 per dollar - Reuters estimate

On Monday (February 2), at the New York close (Tuesday, Beijing time 05:59), the offshore renminbi (CNH) against the US dollar was reported at 6.9426, an increase of 158 points compared to last Friday's New York close, with overall trading during the day in the range of 6.9630-6.9380

Wallstreetcn

The onshore RMB against the US dollar closed down 27 points today (2nd), at 6.9513 per US dollar. As of 4:45 PM, the RMB night session rose 1 point; the offshore RMB rose 88 points, at 6.9481 per US dollar, which is 32 points higher than the onshore rate

Wtree Em Curry

The RMB spot exchange rate fell by 27 points, reporting 6.9513 against one US dollar

000300

The Ministry of Commerce and 9 other departments released the "2026 'Happy Shopping Spring Festival' Special Activity Plan," encouraging financial institutions to cooperate with key merchants to launch exclusive Spring Festival activities, such as consumption red envelopes and discounts. This aims to expand the coverage of the activities. At the same time, in conjunction with local consumption promotion activities, measures such as payment discounts and points redemption for cash will be introduced to encourage the use of digital RMB consumption red envelopes, and to strengthen the technical support for mobile red envelopes to meet the demand for small cash transactions

CSI 300

Nine departments: Encourage financial institutions to cooperate with key merchants to plan exclusive activities for the Spring Festival, offering consumption red envelopes, discounts, and other benefits

510030

The offshore yuan rose to approximately 6.95 per dollar, nearing a 33-month high, following strong manufacturing PMI data that indicated China's factory activity expanded to 50.3 in January. This increase was attributed to faster production and shipment preparations ahead of the Lunar New Year. Despite positive signs for the economy, deflation risks persist. Strong foreign exchange settlement demand and the central bank's guidance also supported the yuan. Markets are now looking forward to upcoming private PMI and inflation data.

Trading Economics

Fortune SG SSE 180 Value ETF

Offshore Yuan Approaches 33-Month High

Today (the 2nd), the People's Bank of China conducted a 750 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 1.505 trillion yuan of reverse repos are maturing, resulting in a net withdrawal of 755 billion yuan for the day

Hang Seng Index

SSE Index

Shenzhen Index

The People's Bank of China conducted a reverse repurchase of 75 billion yuan today, with a net withdrawal of 75.5 billion yuan for the day

The central parity rate of the RMB against the US dollar is reported at 6.9695 yuan

iShares China Large Cap UCITS ETF USD

Data shows that by 2025, the number of overseas tourists in places like Beijing and Guangdong is expected to surge by about 40%, bringing in a record capital inflow of USD 38.2 billion in the first three quarters. Tourists will exchange foreign currency for RMB to spend, directly boosting the demand for RMB. Coupled with factors such as a weakening dollar and an expanding trade surplus, the RMB has risen to its highest level in over two years. Analysts believe that inbound tourism may become even more booming in the future, potentially leading to further strengthening of the RMB

- The strong recovery of inbound tourism in China is exerting upward pressure on the renminbi (RMB) exchange rate.  
- Major tourist destinations experienced about a 40% increase in overseas visitors last year, leading to significant foreign capital inflows and direct demand for RMB.  
- With expectations for continued growth in inbound tourism and measures from the central bank to manage appreciation, the RMB has reached its highest level in over two years.

Overseas tourists surged by 40%! "China's inbound tourism" is booming, which may drive the RMB to continue strengthening

The China Foreign Exchange Trade System announced that last Friday (January 30), the CFETS RMB exchange rate index fell by 1.25% week-on-week to 96.99. The BIS currency basket RMB exchange rate index fell by 1.25% week-on-week to 104.06. The SDR currency basket RMB exchange rate index fell by 0.77% week-on-week to 92.52

ICBC CSOP CGB ETF USD

Last Friday, the CFETS RMB exchange rate index fell by 1.25 to 96.99

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PBOC is expected to set the USD/CNY reference rate at 6.9108 – Reuters estimat

Value Partners Group (VPGLF) Gets a Buy from CICC

Value Partners Group's 2025 Profit Jumps as Fee Income Rises

Value Partners Group Expects 2025 Profit to Surge to HK$660 Million

The People's Bank of China conducted a reverse repurchase of 105.5 billion yuan today, with a net withdrawal of 296.5 billion yuan for the day