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CHINA: Country Wrap:  Prime Rates Unchanged Today. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • China’s 1 and 5-year Loan Prime Rates remain unchanged today at 3.10% and 3.60% respectively with market expectations were for no change. (source: MNI – Market News)
  • Central Bank Withdraws Liquidity via OMO. (source: MNI – Market News)
  • China's electricity consumption, a key barometer of economic activity, rose by 7.1 percent year on year in the first 11 months of the year, according to data released by the National Energy Administration on Thursday. (source; Xinhua).
  • China's civil aviation sector saw expansion in November, with passenger trips and freight transport achieving double-digit growth year on year, data from the Civil Aviation Administration of China (CAAC) showed Thursday. (source; Xinhua).
  • China’s major equity indices are finishing the week on a positive note with all majors up – Hang Seng +0.11%, CSI 300 +0.27%,  Shanghai +0.54%,  Shenzhen +1.07%.  Hang Seng is on track to be down -0.99% for the week, CSI 300 up +0.55%, Shanghai down -0.11% and Shenzhen -0.75%.
  • CNY:  Yuan Reference Rate at 7.1901 Per USD; Estimate 7.3060
  • Bonds: the grind lower in yield has been consistent, and today it continued with CGB 10YR -2.8bps lower at 1.73%.
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  • China’s 1 and 5-year Loan Prime Rates remain unchanged today at 3.10% and 3.60% respectively with market expectations were for no change. (source: MNI – Market News)
  • Central Bank Withdraws Liquidity via OMO. (source: MNI – Market News)
  • China's electricity consumption, a key barometer of economic activity, rose by 7.1 percent year on year in the first 11 months of the year, according to data released by the National Energy Administration on Thursday. (source; Xinhua).
  • China's civil aviation sector saw expansion in November, with passenger trips and freight transport achieving double-digit growth year on year, data from the Civil Aviation Administration of China (CAAC) showed Thursday. (source; Xinhua).
  • China’s major equity indices are finishing the week on a positive note with all majors up – Hang Seng +0.11%, CSI 300 +0.27%,  Shanghai +0.54%,  Shenzhen +1.07%.  Hang Seng is on track to be down -0.99% for the week, CSI 300 up +0.55%, Shanghai down -0.11% and Shenzhen -0.75%.
  • CNY:  Yuan Reference Rate at 7.1901 Per USD; Estimate 7.3060
  • Bonds: the grind lower in yield has been consistent, and today it continued with CGB 10YR -2.8bps lower at 1.73%.