UBS’s Gao: China may cut RRR 1-2 times before end of 2016

Gao Ting, chief China strategist at UBS, suggests that the PBOC may slash RRR 1-2 times by the turn of this year.

Key Headlines via Bloomberg:

China may cut RRR 1-2 times before end of 2016

Sees limited room for yuan depreciation

Sees slower China real estate investment in Q4

Moody's: China's shadow banking system continues to grow; leverage increases further

In its latest report on the Chinese shadow banking system, the US rating agency, Moody's Investors Service noted that overall leverage in China's (Aa3
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USD/JPY extends gains on stimulus talk, nears hourly 200-MA

Yen selling continues with USD/JPY pair now trading within a touching distance from hourly 200-MA level of 105.89 levels. Trades above 23.6% Fibo Th
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