China Industrial Profit Rises in March -- WSJ

WSJ10:18

Pan Gongsheng: A moderately accommodative MMF policy will be implemented to promote the high-quality development of China’s economy.

The President of the People's Bank of China, Pan Gongsheng, emphasized that economic fragmentation and ongoing trade tensions continue to disrupt the Industry Chain and supply chains. Major economies should strengthen their participation in the coordination of international macroeconomic and financial policies to maintain Global economic and financial stability.

cls.cnApr 25 09:11

The central bank's press conference today highlighted key points: improving the efficiency of KUAJINGZIJIN flow and reducing the costs of cross-border trade. Here's the interpretation!

① Multiple departments recently jointly issued the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center"; ② The central bank held a press conference today, and relevant officials stated that they will continue to optimize the policy toolbox for cross-border financial services, effectively supporting enterprises in going global; ③ Several market participants told reporters that the plan emphasizes the cross-border use of the RMB, providing policy guidance for international trade and investment financing.

cls.cnApr 23 19:51

The State Administration of Foreign Exchange: From January to March 2025, Banks cumulatively settled 3796.5 billion yuan.

On April 22, data from the National Forex Administration Statistics shows that in March 2025, Banks settled foreign exchange at 1,360.1 billion yuan and sold foreign exchange at 1,374.2 billion yuan.

Zhitong FinanceApr 22 18:34

China Urges Yuan First in Global Expansion Drive

MT NewswiresApr 22 10:27

Will it rise or not?

Caitong believes that whether or not the LPR is lowered, it may not necessarily drive interest rates to immediately break their previous lows. After all, the market has to navigate the trade-offs between the Sino-U.S. trade friction, the strength of a package of incremental policies, and the choice of monetary policy, with the combination of the three being dynamic and full of uncertainty.

wallstreetcnApr 21 08:31