• China’s SAFE says demand for yuan has clearly increased after SDR inclusion; capital outflow pressure has eased in Oct; it has told Chinese banks to increase checks on authenticity and compliance on foreign exchange purchases and sales
  • The Hong Kong exchange did not open on Friday, as trading was suspended due to severe Typhoon Haima
  • China will encourage banks to play a bigger role in providing the financing required to tackle mounting environmental problems in rural regions: the Ministry of Environmental Protection (MEP)
  • China Steel Association’s vice President said the Government decided to cut 140 million tons of steel production capacity by 2020:report
  • The yield of China’s 10-year treasuries with  2.74% coupon rates fell 2 basis points to 2.635% as of 15:16 Beijing time, the lowest level since at least 2006
  • PBOC said in a loan report that outstanding real estate development loans at the end of September stood at 7.04 trillion yuan, up 7.6% YoY and 0.4 percentage points lower than the previous month; outstanding residential mortgage loans at end -September rose 33.4% YoY to 17.93 trillion yuan, and were up 0.9 percentage points from the end of August
  • The China Academy of Social Sciences in a report that China’s economy may be facing a “liquidity trap” threat
  • The onshore yuan against the US dollar closed at 6.7599, 203 basis points lower than the previous day’s official closing price