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 May, as the People's Bank of China was perceived maintaining a steady supply of cash, the latest MNI China Liquidity Index™ Index shows.
The Liquidity Condition Index stood at 41.7 in May, up from the 34.8 recorded in April. The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index remains above 50 but dropped to the lowest level since February 2020 - the economy's post-pandemic low point.
- The PBOC Policy Bias Index edged higher, but remained below the 50 mark.
- The Guidance Clarity Index was little changed, with only one respondent seeing the central bank as giving a foggier indication 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 May 10 to May 21 2021.
Click below for the full press release:
MNI_China_Liquidity_Index_May_2021 (1).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.