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.
Key Points – June 2020 Report
Liquidity eased modestly in July, but still sees pressure from tax payments and local government bond issuance, the latest MNI China Liquidity Index™ shows.
The Liquidity Condition Index stood at 68.8 in July, down from the 81.3 recorded in June. The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index continues to recover, with more than 80% of respondents seeing an improvement.
- The PBOC Policy Bias Index was little changed, although a quarter of those surveyed now saw the PBOS with a tightening bias.
- The Guidance Clarity Index edged lower, although the central bank is still seen giving clear indications of its intentions.
The MNI survey collected the opinions of traders at financial institutions operating in China's interbank market, the country's main platform for trading fixed-income and currency instruments, and the main funding source for financial institutions. Interviews were conducted between July 13 and July 24.
Click below for the full press release:
MNI China Liquidity Index -2020-07 .pdf
For full database history and full report on the MNI China Liquidity Index™, please contact:sales@marketnews.com
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.