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CHINA:  Country Wrap:  Prime Rates Unchanged. 

CHINA
  • As widely anticipated, China left the 1 and 5 year loan prime rates on hold today at 3.10% and 3.60% respectively. (source: MNI – Market News)
  • Central Bank adds Liquidity via this Morning’s OMO. (source: MNI – Market News)
  • Many local governments vowed to focus on expanding domestic demand, pushing for technological innovation and optimizing business environment this year in their recently-concluded annual local parliamentary meetings, the Shanghai Securities News reported (source: BBG)
  • China’s major bourses started the week off well with the Hang Seng the star up +2.27%, CSI 300 +0.85%, Shanghai +0.45% and Shenzhen +1.21%.
  • CNY:  Yuan reference rate at 7.1886 per USD, estimates 7.3361.
  • Bonds: the CGB10YR edged higher in yield to 1.671%
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  • As widely anticipated, China left the 1 and 5 year loan prime rates on hold today at 3.10% and 3.60% respectively. (source: MNI – Market News)
  • Central Bank adds Liquidity via this Morning’s OMO. (source: MNI – Market News)
  • Many local governments vowed to focus on expanding domestic demand, pushing for technological innovation and optimizing business environment this year in their recently-concluded annual local parliamentary meetings, the Shanghai Securities News reported (source: BBG)
  • China’s major bourses started the week off well with the Hang Seng the star up +2.27%, CSI 300 +0.85%, Shanghai +0.45% and Shenzhen +1.21%.
  • CNY:  Yuan reference rate at 7.1886 per USD, estimates 7.3361.
  • Bonds: the CGB10YR edged higher in yield to 1.671%