- G10 Markets
- Fixed Income
- Foreign Exchange
- Emerging Markets
- MNI Research
- Global Macro
- Political Risk
- About Us
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.LATEST FROM POLICY:
- G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.Launch MNI PodcastsFixed Income FI Market AnalysisCentral Bank PreviewsFI PiEurozone/UK Bond Auction CalendarEurozone/UK T-bill Auction CalendarUS Treasury Auction Calendar US$ Credit Supply Pipeline Fixed Income Technical Analysis EGB Issuance, Redemption and Cash Flow Matrix Gilt Week Ahead
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
Real-time insight of oil & gas markets
Reporting on key macro data at the time of release.LATEST FROM DATA:
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.Global Macro Central Bank PreviewsCentral Bank ReviewsBalance Sheet AnalysisInflation InsightGlobal IssuanceEurozoneUKUSOverviewGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction Calendar
- About Us
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 Access
MNI China Daily Summary: Wednesday, August 28
LIQUIDITY: The People's Bank of China (PBOC) kept a tight hold on interbank
liquidity conditions through August, according to the latest MNI liquidity
survey, although there was still an overall perception of looser central bank
policy. MNI's Liquidity Conditions Index inched higher to 65.4 in August after
settling at 64.3 in July, indicating moderately tighter conditions than in the
LIQUIDITY: The PBOC injected CNY60 billion via 7-day reverse repos, adding
liquidity for a second consecutive day. This offsets the maturity of CNY60
billion in reverse repos, leaving liquidity unchanged, according to Wind
RATE: The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.7144% from Tuesday's close of 2.7056%, Wind
Information showed. The overnight repo average fell to 2.5979% from Tuesday's
YUAN: Dollar-yuan was last at 7.1635 from Tuesday's close of 7.1670. The
PBOC set the dollar-yuan central parity rate higher at 7.0835, compared with
7.0810 on Tuesday.
BONDS: The yield on the benchmark 10-year China Government Bond was last at
3.0475%, down from 3.0500% on Tuesday, according to Wind Information.
STOCKS: The benchmark Shanghai Composite Index decreased 0.29% to 2,893.76.
Hong Kong's Hang Seng Index edged down 0.19% to 25,615.48.
FROM THE PRESS: China's State Council has released 20 new policies to boost
consumption, according to a statement on the government website late Tuesday.
These include policies to relax or remove purchase restrictions on automobiles,
to promote consumption in the night time economy and during holidays, to support
the replacement of old intelligence products with new ones, and to develop chain
More than 20 provinces including Guangdong, Sichuan and Zhejiang have used
up their annual quota of local government special bonds issuance and only
CNY287.73 billion of special bonds are left to be issued this year, Shanghai
Securities News reported. It is possible that those provinces which have used up
their quota this year could use the remaining balance of special bond issuance
from last year, the newspaper said.
New 5G technology will be officially commercialised by September this year
and will boost China's digital economy by CNY15.2 trillion in the years from
2020 to 2025, according to the Science and Technology Daily. Citing Wang Zhiqin,
associate dean of the China Academy of Information and Communications
Technology, the Daily reports that the integration of 5G with artificial
intelligence and big data will promote a profound transformation in the digital
economy, spanning areas of management and production.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: firstname.lastname@example.org
--MNI London Bureau; tel: +44 203-586-2225; email: email@example.com
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof 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.