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.
Liquidity tightened modestly in April, despite the People's Bank of China being perceived as maintaining an 'ample' supply of cash, the latest MNI China Liquidity Index™ Index shows.
The Liquidity Condition Index stood at 34.8 in April, up from the 26.2 recorded in March. The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index slipped from recent highs, falling to the lowest reading in 12 months as some concerns grow over the longevity of the recovery.
- The PBOC Policy Bias Index edged lower, although most respondents saw no change in the PBOC's bias.
- The Guidance Clarity Index edged lower, with no respondents seeing the central bank as giving foggier indications of its intentions and the majority seeing no change in guidance opacity.
The MNI survey collected the opinions of 21 traders with 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 March 15 – March 26.
Click below for the full press release:
MNI_China_Liquidity_Index_April_2021.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.