China

Sinais

China Banks Drawdown+3 pts

China Large-Cap (FXI) banks component -8% in 5 days — Chinese banking stressPor que importa: Chinese bank stocks are first to show stress from property/credit issues in China's financial system

China Property Drawdown+2 pts

China Overseas Land (0688.HK) -5% in 5 days — property sector stressPor que importa: China's property sector is a key systemic risk; drawdowns signal potential contagion to banks and broader economy

China Credit Stress+2 pts

China Bond ETF (CBON) -3% in 3 days — credit market deteriorationPor que importa: Chinese credit stress often precedes broader EM contagion and signals tightening financial conditions

China Credit Drawdown+2 pts

China credit proxy -5% in 5 days — broad credit deteriorationPor que importa: Sustained credit drawdown indicates deepening financial stress in China

China Market Drawdown+2 pts

China Large-Cap (FXI) -5% in 5 days — broad Chinese equity weaknessPor que importa: Broad equity weakness confirms stress is affecting the wider Chinese market

China FX Stress+2 pts

CNY/USD move >3% in 3 days — yuan depreciation pressurePor que importa: Rapid yuan weakening signals capital flight and potential PBOC intervention risk

China Volatility Elevated+1 pts

China market volatility above 35 — elevated uncertaintyPor que importa: Elevated volatility indicates market uncertainty and potential for sharp moves

China Market Stable+0 pts

China Large-Cap (FXI) holding above -3% over 5 days — no broad sell-offPor que importa: Market stability indicator — if met, stress may be contained to specific sectors

China Market Stable+0 pts

China Large-Cap (FXI) holding above -3% over 5 days — no broad sell-offPor que importa: Market stability indicator — if met, stress may be contained to specific sectors

China Property Drawdown+2 pts

China Overseas Land (0688.HK) -5% in 5 days — property sector stressPor que importa: China's property sector is a key systemic risk; drawdowns signal potential contagion

Instrumentos monitorados

MKT — iShares China Large-Cap ETF (FXI)

Broadest China equity proxy. Tracks the largest Chinese companies listed in Hong Kong.Calma 5d > -1% · Atenção 5d -1% to -5% · Estresse 5d < -5%

BANK — Bank of China (3988.HK)

Chinese banks are exposed to property developer debt and local government financing vehicles (LGFVs). First to show systemic stress.Calma 5d > -3% · Atenção 5d -3% to -8% · Estresse 5d < -8%

CRD — VanEck China Bond ETF (CBON)

Chinese onshore bond market proxy. Stress here signals tightening financial conditions and potential PBOC intervention.Calma 5d > -1% · Atenção 5d -1% to -3% · Estresse 5d < -3%

RE — China Overseas Land & Investment (0688.HK)

China property sector — the single biggest systemic risk. Evergrande, Country Garden, etc. Drawdowns signal potential contagion to banks.Calma 5d > -3% · Atenção 5d -3% to -10% · Estresse 5d < -10%

FX — Chinese Yuan (CNY/USD)

Yuan depreciation signals capital flight and potential PBOC intervention. Managed float means moves are policy-significant.Calma 3d < +0.5% · Atenção 3d +0.5% to +1.5% · Estresse 3d > +1.5%

Crises passadas que atingiram esta região

• China Devaluation / EM CrisisAug 2015 – Feb 2016

  PBoC surprised markets with CNY devaluation, triggering global EM selloff and commodity crash. Oil fell below $30.

  VIX máximo 40.74 · Queda do S&P 500 -14.2%