MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI China Daily Summary: Wednesday, April 3

MNI BRIEF: Japan Q4 Output Gap Posts Positive Figure - BOJ

MNI: PBOC Drains Net CNY248 Bln Via OMO Weds; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0949 Weds; -4.77% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

US MBA: REFIS -2% SA; PURCH INDEX -0.1% SA THRU MARCH 29 WK

MNI: US MBA: MARKET COMPOSITE -0.6% SA THRU MAR 29 WK

Pickup In Core Momentum Clouded By Easter Effect

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China Feb M2 Ease, Aggregate Finance At 7-Month Low

MNI (Singapore)
BEIJING (MNI)

China's M2 money supply growth eased to 9.2% y/y in February, decelerating from January's near one-year high of 9.8%, underperforming the 9.6% forecast by market analysts, data by the People's Bank of China released on Friday showed. Among the key metrics, M1 growth reversed the previous fall to rise 4.7% y/y.

New loans rose by CNY1.23 trillion, more than halving from January's record high of CNY3.98 trillion and short of the CNY1.45 trillion forecast. Aggregate financing, half the expected level, decelerated sharply to CNY1.19 trillion when compared to the previous CNY6.17 trillion, hitting the lowest since August 2021. On an annual basis, outstanding total social finance grew 10.2%, compared with 10.5% last month.

Shadow banking transactions fell by CNY505.3 billion, compared to an increase of CNY447.9 billion in January.

DataPolicy NewsAPACChinaData BriefData StoriesBriefStoryRegion
True
DataPolicy NewsAPACChinaData BriefData StoriesBriefStoryRegion
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.