$VGT(02476)$ China Policy Watc-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$VGT(02476)$ China Policy Watch 🇨🇳

The latest signals from the PBOC point clearly toward stability with a bias to ease:

• Stronger-than-expected daily fixing at 6.8594 → reinforcing currency stability despite oil-driven pressure

• RMB 500mn injected via 7-day reverse repo (1.4%) → liquidity remains ample (DR007 steady at 1.40%)

• No changes to MLF or LPR → policy patience for now

• 10Y CGB yield at 1.757% (down sharply MTD) → markets pricing in further easing

Meanwhile, FX remains tightly managed:

USD/CNH ~6.83 | USD/CNY 6.8680 — stability, not devaluation.

📌 Takeaway:

China is holding the line on the currency while quietly keeping liquidity supportive. If Q2 data softens, watch closely for a potential RRR cut — that’s the lever equities will care about next.

#China #PBOC #Macro #Markets #FX #Liquidity

Hong Kong AI Circuit Board IPO Explodes: How Long Can IPO Rally Last?

Shengyi Precision (02476) surged 60% on its Hong Kong debut with a $2.6B market cap, then extended gains 7.43% to $338 on day two, as surging AI hardware infrastructure demand flows directly into its AI circuit board business. Tight post-IPO float amplifies short-term volatility, and current valuations already embed a substantial premium. Institutions typically complete their rating initiation within two weeks of listing, at which point the gap between fundamentals and premium will face scrutiny. Are AI circuit board moats deep enough to support the valuation once the new-issue euphoria fades?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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If Q2 data softens, watch closely for a potential RRR cut — that’s the lever equities will care about next.</p>\n<p>#China #PBOC #Macro #Markets #FX #Liquidity</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/02476\">$VGT(02476)$</a> China Policy Watch 🇨🇳</p>\n<p>The latest signals from the PBOC point clearly toward stability with a bias to ease:</p>\n<p>• Stronger-than-expected daily fixing at 6.8594 → reinforcing currency stability despite oil-driven pressure</p>\n<p>• RMB 500mn injected via 7-day reverse repo (1.4%) → liquidity remains ample (DR007 steady at 1.40%)</p>\n<p>• No changes to MLF or LPR → policy patience for now</p>\n<p>• 10Y CGB yield at 1.757% (down sharply MTD) → markets pricing in further easing</p>\n<p>Meanwhile, FX remains tightly managed:</p>\n<p>USD/CNH ~6.83 | USD/CNY 6.8680 — stability, not devaluation.</p>\n<p>📌 Takeaway:</p>\n<p>China is holding the line on the currency while quietly keeping liquidity supportive. If Q2 data softens, watch closely for a potential RRR cut — that’s the lever equities will care about next.</p>\n<p>#China #PBOC #Macro #Markets #FX #Liquidity</p></body></html>","text":"$VGT(02476)$ China Policy Watch 🇨🇳 The latest signals from the PBOC point clearly toward stability with a bias to ease: • Stronger-than-expected daily fixing at 6.8594 → reinforcing currency stability despite oil-driven pressure • RMB 500mn injected via 7-day reverse repo (1.4%) → liquidity remains ample (DR007 steady at 1.40%) • No changes to MLF or LPR → policy patience for now • 10Y CGB yield at 1.757% (down sharply MTD) → markets pricing in further easing Meanwhile, FX remains tightly managed: USD/CNH ~6.83 | USD/CNY 6.8680 — stability, not devaluation. 📌 Takeaway: China is holding the line on the currency while quietly keeping liquidity supportive. 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