FOMC 9FOMC255025118 20111290 Z0017101 1.............................................................1 1.1........................................................11.2.............................................................................................21.3.............................................................................................3 2.................................................................................................4 2.1.-..................................................................42.2........................................................................42.2.1.....................................................................................42.2.2.....................................................................................52.2.3..................................................................................62.2.4..................................................................................72.3...................................................................................82.3.1....................................................................82.3.2................................................................8 3........................................................................................10 3.1.................................................................103.2............................................................................123.3..........................................................13...........................................................................................14..................................................................................................151617......................................................................................................17 1.1.1..................................................................................................11.1.1 202499917...21.1.2.....................................................................22.1.1...............................................................................................42.1.1..........................................................42.1.2..............................................................42.2.1..........................................................52.2.2.........................................................................62.2.3.....................................................................72.2.4NDFUSDCNH.........................................................................72.2.5USDCNY25Delta%..........................72.3.1...............................................82.3.2.........................................................................82.3.3...............................................92.3.4.........................................................................93.3.12024.9.18-9.20................................131.................................142%..................................................................153...................................................164Shibor%............................................................................165SOFR%.............................................................................166%.................................................................................17 7....................................................................................17 1. 202499917CFETSBISSDR917 16:30 1.1 99917CPI912Nick Timiraos25509507.10 USDCNHUSDCNYBloomberg 1.2 9FOMC255025118 1.3 2. 2.1.- 9137.1050105 2.2. 2.2.1 2.2.2 77 2.2.3 2.2.4 913NDF6.8860120USDCNY25Delta 2.3. 2.3.1. 91724127.03608491761219 2.3.2. 91724127.0380239917592136 3. 3.1 3.2 3.3 / 136310008400 8888 910www.nanhua.net603093