MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI 5 THINGS: China July M1 At 3-Year Low On Weak Investment 

     BEIJING (MNI) - The following are the key points from China's July money
supply and credit growth data, released by the People's Bank of China on Monday:
     - New loans increased by CNY1.45 trillion in July from June, higher than
the MNI analyst survey median forecast of CNY1.20 trillion. While softer than
the CNY1.84 trillion m/m increase recorded in June, the rise in new loans was
nonetheless much higher than last July's CNY825.5 billion, indicating that
credit demand via the loan channel remains strong.
     - Total social financing (TSF), a broad measure of credit and liquidity in
the economy, grew by CNY1.04 trillion in July over June. The reading came in
lower than MNI's survey median of CNY1.10 trillion, and was down from June's
CNY1.18 trillion. Although the PBOC has made efforts to boost credit supply,
including via the provision of window guidance to big lenders, low risk appetite
among banks continues to weigh on credit growth.
     - Shadow banking finance contracted at a softer pace in July, as regulators
relaxed their tight grip. Trust loans, entrusted loans and undiscounted bankers'
acceptances decreased by CNY488.6 billion altogether in July, compared to a
decline of CNY691.7 billion in June.
     - M2 grew at a 5-month high of 8.5% y/y in July, coming in above the 8.2%
median in the MNI survey and up from a record low of 8.0% y/y in June. July's
rise was likely helped by the central bank's liquidity-supportive measures.
     - M1 growth, on the other hand, fell from 6.6% in June to a three-year low
of 5.1% in July, indicating that firms are holding less cash as their
willingness to invest is decreasing amid a weaker economic outlook.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
--MNI London Bureau; +44 207-862-7489; email: ukeditorial@marketnews.com
[TOPICS: MAQDS$,MAUDR$,MAUDS$,M$A$$$,M$Q$$$,M$U$$$]
USData StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegionNorth America
USData StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegionNorth America
To read the full story
Close
Why MNI
MNI is the leading provider
 of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.