The document discusses the USDCNH currency options market, highlighting low premiums and potential returns if USDCNH rises. It mentions the People's Bank of China's tightening of money market rates to curb shadow banking and asset speculation. Concerns about China's shadow banking industry and its rapid growth are raised. The document is from Deutsche Bank's KCP London desk, intended for professional investors, and emphasizes that the ideas presented are for discussion purposes only.
documents/vol00010-efta01461312-pdf.pdf
{"key_people":["Vinit Sahni","Nav Gupta","Vanshree Verma","Nam Gupta"],"document_date":"2014-01-28","document_type":"correspondence","key_locations":["London","Shanghai"],"key_organizations":["Deutsche Bank AG","Bloomberg Finance LP","PBoC"],"reference_numbers":["DB-SDNY-0123282","SDNY_GM_00269466","EFTA01461312"]}