February 19, 2025 07:59 GMT
MNI BRIEF: China Bond Connect Holdings Down In January
MNI (LONDON) - Foreign holdings on China’s Bond Connect programme reached CNY4.13 trillion in January, down from CNY4.16 trillion in December, official data showed on Wednesday.
Northbound volumes hit CNY872 billion, up from CNY750 billion in December, marking the third month of consecutive increase. Swap Connect Northbound saw 790 transactions with a volume of CNY459 billion in January, versus 724 and CNY466 billion previously.
China's Loan Prime Rate is likely to remain unchanged in February as low inflation diminishes the effectiveness of traditional policy easing methods and lending stagnates, while ensuring the yuan's stability will also restrain the central bank. (See MNI PBOC WATCH: China Feb LPR To Remain Stable)
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