5 27 I2024 7.25 10CPI 20111290 7.20 5 7.20 Z0017101 1..........................................................................................1 1.1....................................................................................1 1.2.................................................................................2 1.2.1...................................................................................................2 1.2.2...................................................................................................4 1.2.3...................................................................................................4 2.................................................................................................5 2.1-........................................................................5 2.2.............................................................................5 2.2.1............................................................................................5 2.2.2............................................................................................6 2.2.3........................................................................................7 2.2.4........................................................................................8 2.3........................................................................................9 2.3.1.........................................................................9 2.3.2....................................................................10 3.........................................................................................11 3.1........................................................................11 3.2..........................................................................................15 3.3................................................................16 .................................................................................................17 ........................................................................................................18 ……………………………………………………………………………….19 ................................................................................................................20 ............................................................................................................20 1.1.1 ..................................................................................................1 1.1.12024520524.2 1.1.2 .....................................................................2 1.2.1 7.10 ..........................................4 2.1.1 ...............................................................................................5 2.2.1 ..........................................................5 2.2.2 ..............................................................5 2.2.3 ..........................................................6 2.2.4 ................................................................................6 2.2.5 % ..............................................................7 2.2.6 .....................................................................8 2.2.7 NDF USDCNH .........................................................................9 2.2.8 USDCNY 25Delta %..........................9 2.3.1 ...............................................9 2.3.2 .........................................................................9 2.3.3 .............................................10 2.3.4 .......................................................................10 3.3.1 2024.5.27-5.31 ................................16 1 .................................17 2 % ..................................................................18 3 ...................................................19 4Shibor%19 5SOFR %.............................................................................19 6%.................................................................................20 7....................................................................................20 1. ( BIS 7.1045 7.1102 7.1042 7.1102 0.080% USDCNY7.2242 7.2447 7.2320 7.2447 0.284% USDCNH7.2310 7.2583 7.2387 7.2583 0.378% 155.5629 157.0603 156.1032 156.9064 0.864% 1.0868 1.0860 1.0827 1.0851 -0.155% 1.2700 1.2743 1.2705 1.2743 0.342% 104.4974 105.0280 104.6039 104.7483 0.240% CFETS99.43 —— —— 99.76 0.332% 105.06 —— —— 105.37 0.295% 94.28 —— —— 94.34 0.064% 1.1 2024520524 52416:30 CFETSBISSDR 1.1.1 ) ( SDR iFinD ) 7.20 5 1.1.12024520 524 USDCNHUSDCNY Bloomberg 1.1.2 7.30 7.28 7.26 7.24 7.22 7.20 7.18 7.16 7.14 108.00 107.00 106.00 105.00 104.00 103.00 102.00 7.12 2024-01-262024-02-262024-03-262024-04-26 101.00 : iFinD 1.2 1.2.1 7.20 430 51 PMI MarkitPMI PMI 5PMI 4 5 PMI PMI 2024524 7.1102 7.10 2.2.2 1.2.1 7.10 1.2.2 7.25 1.2.3 2. - 2.1 524 57 7.1102 2.1.1 1 2 576445-21-6337 RefinitivBloomberg 2.2.1 2.2.2 346199539-6704 0.100 0.050 0.000 (0.050) (