-
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 Podcasts -
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
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
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: Thursday, November 16
POLICY: China hopes the U.S. will take its concerns about export controls and investment reviews seriously and lift unilateral sanctions to provide a fair and non-discriminatory environment for Chinese companies, state-run Xinhua News Agency reported following the meeting between the two heads of state in San Francisco.
POLICY: Beijing has called on the EU to consider industry voices and work with China to promote supply chain stability and the robust and green development of the automotive industry sector, officials at the Ministry of Industry and Information Technology (MIIT) told reporters.
LIQUIDITY: The People's Bank of China (PBOC) conducted CNY377 billion via 7-day reverse repo, with the rate unchanged at 1.80%. The operation has led to a net injection of CNY175 billion after offsetting the maturity of CNY202 billion reverse repos today, according to Wind Information.
RATES: The seven-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.0401% from 2.0035%, Wind Information showed. The overnight repo average rose to 1.9004% from the previous 1.8698%.
YUAN: The currency weakened to 7.2515 against the dollar from 7.2391 on Wednesday. The PBOC set the dollar-yuan central parity rate lower at 7.1724, compared with 7.1752 set on Wednesday. The fixing was estimated at 7.2453 by Bloomberg survey today.
BONDS: The yield on 10-year China Government Bonds was last at 2.6900%, down from Wednesday's close of 2.6950%, according to Wind Information.
STOCKS: The Shanghai Composite Index closed down 0.71% at 3,050.93, while the CSI300 index decreased 0.97% to 3,572.36. The Hang Seng Index fell 1.36% to 17,832.82.
FROM THE PRESS: The real-estate market could gradually stabilise as developers accelerate sales promotions at year-end and the recovery of second-hand home transactions in core cities feeds through to new homes, alongside the low base from the same period last year, said Chen Wenjing, market research director at China Index Academy. The sales area in square meters and the sales volume of commercial housing dropped by 7.8% and 4.9% y/y in the first 10 months, both recording their largest declines during the year, data by the National Bureau of Statistics showed. (Source: 21st Century Business Herald)
The PBOC will encourage the development of higher risk green financing using private equity, venture capital and M&A funds, according to a recent article on the banks’ website. Authorities will guide investors to support green economic activities and enhance both the carbon market’s liquidity and pricing mechanism. China will gradually roll out financial standards and products to improve green financing, the article added. (Source: Yicai)
China’s industrial production beat expectations in October but the new orders index dropped by 1pp which indicates the sector faces insufficient demand, according to Zhou Maohua, macro researcher at China Everbright Bank. Authorities need to stabilize growth and expand domestic demand given recent data results, Zhou added. In Q4, analysts expected industrial production to rise steadily given low base effects from last year. China’s growth in industrial production has outpaced performance of the PMI production index this year due to the upstream effects of the raw material and the automobile industry. (Source: 21st Century Herald)
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.