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CNH/CAD News
China Business Sector Edges Into Expansion in October: PMI Report
Stronger China Services Sector Activity Drives Up PMI -- Market Talk
Corporate loan interest rates hit a new low! In the first three quarters, the financial system in peking provided a total financing volume of nearly 950 billion yuan. In September, the average weighted interest rate for corporate loans dropped to 2.87%.
1. In the first three quarters of this year, Peking's financial institutions continued to show a growing trend in credit volume. As of the end of September, the RMB loan balance and deposit balance increased by 5.4% and 9.4% year-on-year, respectively. 2. Since the beginning of this year, the weighted average interest rate of new corporate loans issued by financial institutions in Peking has remained at a low level, with the September average interest rate for corporate loans at 2.87%, reaching a new record low in statistics.
The Central Bank: In September, various types of bonds totaling 7,603.15 billion yuan were issued in the bond market.
On October 30, the People's Bank of China released the financial market operation situation for September 2024.
U.S. Consumer Confidence Surges in October to Highest Level in Nine Months
China Considers Approving Fresh Fiscal Package Worth Over CNY10 Trln on Nov 8
PBOC Adds Outright Reverse Repo to Monetary Policy Toolbox
The central bank: the fund flow information platform will be online for trial operation on October 25th.
On October 25, the People's Bank of China held a working meeting on the trial operation of the National Small and Medium-sized Enterprise Funds Flow Credit Information Sharing Platform (hereinafter referred to as the Funds Flow Information Platform) online.
How does foreign investment's "buying spree" in china impact the exchange rates of the chinese yuan? Industry insiders: it helps stabilize the exchange rates and two-way fluctuations will become the norm.
①Communication with foreign investors shows that investors' interest in China is rising, and some long investors may return to China; ②Since late September, foreign net purchases of domestic stocks have increased overall; 3. Foreign capital inflows into China help stabilize the exchange rates of the Renminbi.
China Growth Should Remain Steady – DBS
China's Central Bank Mulls Further Interest Rate Cuts Before 2024-End
The liquidity stratification is serious this week, with a significant increase in the scale of reverse repurchase maturities. Industry insiders: There is a large capital demand at the end of the month. Pay attention to the scale of MLF continuation on Fri
This week, the significant increase in the amount of reverse repurchase maturing has drawn market attention to the scale of Friday's MLF rollover. Institutions believe that the stratification of funds has intensified, possibly due to a decrease in the lending capacity of the funding recipients compared to the previous period.
National Bureau of Statistics: Will formulate and introduce policy documents to foster an integrated data market.
Shen Zhulin, a member of the Party Group and Deputy Director of the National Bureau of Statistics, stated at the 2024 Financial Street Holdings Forum Annual Meeting that the National Bureau of Statistics will take the market-oriented allocation reform of cni data factor index as the main line, and formulate and introduce policy documents to cultivate an integrated data market.
【Illustration of China's Economic Third Quarter Report】GDP year-on-year growth of 4.8%, above-scale industrial added value year-on-year growth of 5.8%
This morning, the National Bureau of Statistics released the economic operation data for the first three quarters of 2024. Preliminary calculations show that in the first three quarters, the gross domestic product was 94,974.6 billion yuan, calculated at constant prices, a year-on-year increase of 4.8%.
China's comprehensive macroeconomic data summary in September 2024
Gelonghui October 18th | China's important macroeconomic data for September 2024 has been successively released, summarized by Gelonghui as follows: 1. China's GDP for the third quarter was 33291 billion yuan, a year-on-year increase of 4.6%, with an expected 4.5%.
Central Bank's major announcement! Reserve ratio cut, interest rate cut, officially launching share buyback and shareholding refinancing.
Pan Gongsheng stated that it is expected to carefully assess the market liquidity situation before the end of the year, and opportunistically further lower the deposit reserve ratio by 0.25-0.5 percentage points; reduce the open market 7-day reverse repurchase operation rate by 0.2 percentage points.
China suddenly announced a major news! The People's Bank of China took action to stabilize the capital markets by implementing share buybacks and shareholding refinancing.
The People's Bank of China has established a share buyback and shareholding refinancing program to support the stable operation of capital markets. The Chinese central bank officially launched the securities, fund, and insurance companies swap facility (SFISF) operation today. However, the Governor of the People's Bank of China, Pan Gongsheng, emphasized that the bottom line is that credit funds must not illegally enter the stock market, and the swap facility does not directly provide funding support.
PBOC Governor Pan Gongsheng: The People's Bank of China mainly considers three points in the policy-making process.
Gelonghui October 18th | Pan Gongsheng, the governor of the financial street holdings, stated at the 2024 Financial Street Forum Annual Meeting that the People's Bank of China mainly considers three points in the policy-making process.
China Economic Indicators Shows Signs of Life
China's Economy Expands 4.6% YoY in Q3 2024 Vs. 4.5% Expected