China's CFETS to nearly double currencies in its basket

That's according to an FX platform operator, via Reuters.

  • USD weighting cut to 22.4%

New basket to come into effect Jan 1st.

CFETS basket list and weighting

Separately, the PBOC released their Q4 banks survey;

  • Banks economic confidence rises to 53.7% vs 46.5 prior

  • Entrepreneurs confidence 54.2% vs 51.2% prior

  • 52.7% of households say property prices are too high

  • 43.5% think they are acceptable

  • 10% see prices falling in next quarter

  • 44.4% say consumer prices are too high

  • 13.2% of bankers say mon pol is relatively loose. Prior 9.7%.