-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Wednesday, September 23
POLICY: China's government should approach 5G investment fervor cautiously, as the existing 'same-gen' technology is still young, despite the vast investment to date , according to Former Finance Minister Lou Jiwei. Operating costs for 5G will be extremely high and applications for the technology are currently very limited, Lou said recently, addressing an internal seminar of China Economists 50, a think-tank led by Vice Premier Liu He.
LIQUIDITY: The People's Bank of China (PBOC) conducted CNY100 billion via 7-day reverse repos and CNY100 billion via 14-day reverse repos on Wednesday, injecting net CNY80 billion as CNY120 billion reverse repos matured today, according to Wind Information. The rate for 7-day reverse repos and 14-day reverse repos remained unchanged at 2.2% and 2.35% accordingly.
RATES: The seven-day weighted average interbank repo rate for depository institutions (DR007) decreased to 2.0965% from Tuesday's close of 2.3634%, Wind Information showed. The overnight repo average dropped to 1.8559% from the previous 2.2619%.
YUAN: The currency weakened to 6.7920 against the dollar from 6.7875 on Tuesday. The PBOC set the dollar-yuan central parity rate higher for a second day at 6.7986, compared with Tuesday's 7872.
BONDS: The yield on 10-year China Government Bond was last at 3.0825%, flat from the close for Tuesday, according to Wind Information.
STOCKS: The Shanghai Composite Index gained 0.17% to 3,279.71, while the CSI300 index increased 0.36% to 4,652.33. Hang Seng Index edged up 0.11% to 23742.51 .
FROM THE PRESS: The PBOC may need to make further injections through MLFs or RRR cuts as reduced structured deposits shrink long-term capital, the 21st Century Business Herald reported citing market analysts. Structured deposits declined for the fourth month to CNY9.42 billion on Aug. 31, the newspaper said citing PBOC data.
China's policies for opening up its economy should focus on institutional reforms such as the equal protection of different economic entities and property rights, the People's Daily reported on Wednesday citing Jiang Xiaojuan, the director of Tsinghua University's School of Public Policy. Domestic and foreign-owned enterprises are both crucial to China's domestic economic development and industrial efficiency, Jiang told the Daily.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.