
10CPI 121112157.12-7.22 20111290 Z0017101 1..........................................................................................1 1.1..............................................................................11.2..........................................................................21.2.1.............................................................................................21.2.2.............................................................................................31.2.3.............................................................................................3 2.................................................................................................4 2.1-..................................................................42.2.......................................................................42.2.1.....................................................................................42.2.2.....................................................................................52.2.3..................................................................................72.2.4..................................................................................82.3..................................................................................82.3.1...................................................................82.3.2...............................................................9 3........................................................................................10 3.1.................................................................103.2...................................................................................123.3..........................................................13...........................................................................................14..................................................................................................15……………………………………………………………………………….16.........................................................................................................17......................................................................................................17 1.1.1..................................................................................................11.1.12023124128.21.1.2.....................................................................22.1.1...............................................................................................42.2.1..........................................................42.2.2..............................................................42.2.3..........................................................52.2.4................................................................................62.2.5%..............................................................72.2.6.....................................................................72.2.7 NDFUSDCNH.........................................................................82.2.8 USDCNY25Delta%............................82.3.1...............................................92.3.2.........................................................................92.3.3...............................................92.3.4.........................................................................93.3.12023.12.11-12.15............................131.................................142%..................................................................153...................................................164Shibor%............................................................................165SOFR%.............................................................................16 6%.................................................................................17 7....................................................................................17 1. 1.1 202312 4128CFETSBIS SDR128 16:30 USDCNHUSDCNYBloomberg 1.2 1.2.1 111111-5.1%1011PMI1191012 121112157.12-7.22 1.2.2 1.2.3 2. 2.1- 1287.112319 Refinitiv Bloomberg 2.2 2.2.1 2.2.2 10480.59101061.7%67.2%9910 2.2.3 2.2.4 128NDF6.9785105USDCNY25Delta 2.3 2.3.1 12823127.167130329119 Bloomberg 2.3.2 12823127.167832422140 Bloomberg Bloomberg 3. 3.1 3.2 3.3 / 136310008400 8888 910www.nanhua.net603093