China’s interest rate liberalization is now focused on unifying the “two tracks” of lending rates, the People’s Bank of China (PBoC) reported in its latest quarterly report, said Caixin. The report’s release marks the first time that the central bank has signaled how it will unify the two tracks—one is the benchmark rates set by […]
Category: Banking & Finance
China’s central bank will use foreign exchange intervention and monetary policy tools to ensure the RMB does not weaken past the 7-per-dollar level in the immediate term, reported the South China Morning Post. “At present, rest assured they will certainly not let it break 7,” said a Reuters source.”Breaking 7 is beneficial to China because […]
China sold the most United States Treasuries in more than two years in March, magnifying concerns that the country might use its position as the US government’s largest foreign creditor in the trade dispute between the two countries, said the Financial Times. China sold $20.5 billion of US government bonds over the course of the […]
China’s central bank, the People’s Bank of China (PBoC), issued RMB 200 billion ($29.1 billion) of medium-term lending facility (MLF) loans on Tuesday, the bank said in a statement, reported Caixin. The amount issued is 24 billion yuan ($3.5 billion) more than the combined RMB 176 billion ($25.6 billion) of MLF loans and reverse repos […]
China’s new loans and overall credit rose by RMB 400 billion ($58.8 billion) less than analysts estimated last month, bolstering expectations that the central bank will have to further loosen monetary policy amid slowing economic growth, said Caixin. China’s total social financing (TSF), the broadest official measure of credit and liquidity in the economy, grew […]