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 – December 2020 Report
Liquidity was boosted in December, as the People's Bank of China maintained an 'ample' supply of cash, the latest MNI Liquidity Conditions Index shows.
The Liquidity Condition Index stood at 15.7 in December, down from the 48.3 recorded in November. The higher the index reading, the tighter liquidity appears to survey participants.
The Economy Condition Index remains at elevated levels as the economy recovers, although just shy ofthe year high seen in September.
The PBOC Policy Bias Index edged lower, although three-quarters of respondents saw no change in the PBOC's bias from the central bank.
The Guidance Clarity Index rose, with no respondents seeing the central bank as giving foggier indications of its intentions and the vast majority seeing no change in guidance opacity.
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 Dec 7 and 18.
Click below for the full press release:
MNI_China_Liquidity_Index_December_2020.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.