MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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 BRIEF: China April M2 Unexpectedly Slows To Record Low

MNI (Singapore)
MNI (Beijing)

China's M2 money supply slowed more than expected to 7.2% y/y, hitting a new low since the data was first recorded in 2009, while aggregate finance declined for the first time in about two decades, data released by the People's Bank of China showed Saturday.

M2 was lower than the 8.3% estimate, and the previous 8.3% read. M1 decreased by 1.4% y/y, compared to March's 1.1% print.

Banks extended CNY730 billion in new yuan loans in April, sharply declining from March's CNY3.09 trillion. Total social financing declined by CNY200 billion in April, recording the first contraction since October 2005. Outstanding TSF rose by 8.3% by the end of April, compared with the previous 8.7%.

Shadow banking transactions decreased by CNY425.4 billion, compared to a CNY376.7 billion expansion the previous month.

Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefGlobalStoryRegion
True
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefGlobalStoryRegion
True

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.