Hints and tips:
...The iShares China CNY Bond UCITS ETF is down around 9 per cent this year. Investor flight from China risk has also helped trim the fund’s size by almost two-thirds over the same period....
...Investors also exited what was a popular fund in 2021 — the iShares China CNY Bond Ucits ETF (CNYB)....
...Sleep said the Chinese bond market had been a “home run” for iShares, whose China CNY Bond Ucits ETF (CNYB) took in $1.1bn in January, taking assets to $13.7bn....
...The investment manager’s iShares China CNY Bond UCITS ETF was the best-selling China fund over the period, attracting net flows of €4.5bn....
...Some ETF providers have benefited from this trend with the $12.1bn iShares China CNY Bond Ucits ETF (CNYB) becoming the second-largest fixed income ETF in Europe just two years after its launch....
...Meanwhile, Morningstar noted in late July that the iShares China CNY Bond UCITS ETF (CNYB) had already become the second-largest bond ETF in the European market....
...A likely policy reaction is to use a combination of retaliatory tariff, modest CNY depreciation and increase in VAT rebate on exports …and meantime China will step up domestic policy easing and strengthen...
...This month, Zurich’s Property Fund, managed by Columbia Threadneedle, halted the £100m sale of two office buildings in Camden, known as Centro 3 & 4, after receiving bids to buy them, according to people...
...Its counterpart, the onshore renminbi (CNY) is allowed to trade 2 per cent either side of a daily reference rate, which is fixed by the People’s Bank of China....
...The so-called onshore renminbi, CNY, is allowed to trade 2 per cent either side of the daily reference rate. CNY was trading 0.1 per cent weaker today at Rmb6.5612, its weakest level since February 2....
...The onshore renminbi, CNY, which trades around that reference rate has weakened by three-quarters of a percentage point this week to Rmb6.5201 per dollar ....
...pressure on EM equities to remain in the near term: China remains the biggest risk to our view – a continued slowdown in China need not trump the improvement in the rest of EM, but left-tail events such as a CNY...
...While EM data have been better of late, a combination of (a) rising CNY depreciation expectations, (b) still falling commodities, and (c) more hawkish Fed rhetoric, are negative catalysts for EMFX as a whole...
...We expect four 50bp RRR cuts in 2016 (one per quarter), which will be used, in part, to sterilise capital outflows prompted by slower economic growth and CNY depreciation expectations....
...However, almost all incomes are CNY-denominated and hedging practices are not common among developers....
...Instead, Hong Kong participants will source renminbi in the CNH market, which is unregulated but also segregated from the onshore renminbi (CNY) market....
...Blackstone acquired a large chunk of Brixmor’s assets in 2011, when it bought US shopping centres from Australia’s debt-laden Centro Properties Group for $9bn....
...Buying Bitcoin from Chinese exchanges against CNY can be 20-30 per cent more expensive than buying from US exchanges. MTGox has a premium versus BTC-E, and so on....
...Sogara also owns 8.2 per cent of Centros Comerciales Carrefour, which holds Carrefour’s activities in Spain....
...Working with fellow partner Rick Madden to help the deeply indebted Centro Properties Group avoid liquidation, Mr Goffman also exported US innovations to Australia, using his firm’s techniques to solve the...
...But going forward, we see excess liquidity bypassing the HK$ and finding its way into CNH (or even the CNY directly) because of RMB appreciation expectations, a weak US$ and greater development of CNH...
...Like many banks, Centro had been funding its business before the financial crisis in the short-term debt markets, until that financing dried up in late 2008....
...Lex says that Centro’s lesson for distressed property investors is to “ignore rising asset values”....
...“Across the Centro Group, including Centro and all of its funds under management, there is A$16.5bn of investment property and A$16bn of debt at December 31, 2010,” he said....
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