China equities: closing the tactical trading call

China-A Shares are securities of companies incorporated in mainland China that trade on either Shanghai or Shenzhen stock exchanges and trade in Chinese Yuan. A shares can only be traded by residents of China.

 

CNH is renminbi/yuan traded offshore from mainland China with its value determined by free market trade.

 

CNY is the currency code for the Chinese renminbi/yuan traded within mainland China.

 

The Consumer Price Index (CPI) measures the overall change in consumer prices based on a representative basket of goods and services over time.

 

Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period.

 

The Hang Seng Index (HSI) includes the 50 largest companies traded on the Hong Kong stock exchange.

 

Hang Seng Tech index represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes.

 

The MSCI China Index captures large and mid cap shares representing about 85% of the China equity universe.

 

The National Bureau of Statistics (NBS), is a deputy-cabinet level agency directly under the State Council of the People's Republic of China.

 

People’s Bank of China (PBoC) is the central bank of the People’s Republic of China.

 

The Producer Price Index (PPI) measures the change in the prices paid to producers of goods and services.

 

Purchasing Managers Index (PMI) is an economic indicator comprised of monthly reports and surveys from private sector manufacturing firms. The index surveys product managers, who are the individuals that buy the materials needed for a company to manufacture its products.

 

The Shanghai Composite Index contains all shares traded on the Shanghai exchange.

 

The Shenzhen Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE).

 

USD is the currency code for the U.S. Dollar.

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