Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

<p>The RMB has declined almost 3% against the USD since the beginning of 2016. We expect the RMB to continue to face downside pressure through 2016. Non-oil exports as well as non-oil imports are likely to have remained weak in June on a 3mma basis, continuing the trend seen in the first five months of 2016, reflecting the headwinds the economy continues to face on the domestic as well as external front.</p><p>On a 3mma basis overall exports declined 3.6% y-o-y in June, compared to a rise of 0.9% y-o-y in…</p>

The RMB has declined almost 3% against the USD since the beginning of 2016. We expect the RMB to continue to face downside pressure through 2016. Non-oil exports as well as non-oil imports are likely to have remained weak in June on a 3mma basis, continuing the trend seen in the first five months of 2016, reflecting the headwinds the economy continues to face on the domestic as well as external front.On a 3mma basis overall exports declined 3.6% y-o-y in June, compared to a rise of 0.9% y-o-y in…

Haitong Securities Co Ltd (A) (600837 CH)

Chongqing Rural Commercial Bank (3618 HK)

Shanghai Pudong Development Bank Co. (600000 CH)

China International Capital Corporation (3908 HK)

China Financial Services Holdings (2980 HK)

China Merchants Securities Co Ltd (A) (600999 CH)

China Pacific Insurance (Group) Co., (601601 CH)

Flying Financial Service Holdings (8030 HK)

China Huirong Financial Holdings (1290 HK)

Changjiang Securities Company (000783 CH)

China Merchants Securities Co Ltd (H) (6099 HK)

Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

China: RMB to Continue to Face Downside Pressure Through 2016