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Onshore RMB closed at 6.7205 per USD at 16:30 on Aug 21, up 34 pips from the previous session.

2026-08-21

Onshore RMB closed at 6.7205 per USD at 16:30 on Aug 21, up 34 pips from the previous session.

Other News
2026-08-21

At its 1H2026 results briefing, Moutai rejected market claims that 100–200 million bottles of Feitian Moutai are stalled in distribution and could form a 'dam' disrupting the market. The company said 2026 channel reforms have widened consumer access

At its 1H2026 results briefing, Moutai rejected market claims that 100–200 million bottles of Feitian Moutai are stalled in distribution and could form a 'dam' disrupting the market. The company said 2026 channel reforms have widened consumer access and that social-channel inventory sell‑through ratios (month‑end inventory / monthly sales) have been below 1.0 each month, indicating healthy circulation. Moutai said measures since 2024, together with a 2026 supply‑demand‑aligned channel system, market‑linked pricing and dynamic adjustment mechanisms, have greatly reduced speculative space in the intermediate layer, raised hoarding risk but lowered hoarding intent, and compressed highly liquid speculative inventories to levels insufficient to destabilize the market.
2026-08-21

Spot gold touched $4,570 per ounce, up 1.13% on the day.

Spot gold touched $4,570 per ounce, up 1.13% on the day.
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