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 eased modestly in June, as the People's Bank of China was perceived maintaining a steady supply of cash, the latest MNI Liquidity Conditions Index shows, the latest MNI China Liquidity Index™ Index shows.
The Liquidity Condition Index stood at 35.4 in June, down from the 41.7 recorded in April. The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index slipped below 20 for the first time since February 2020 – which the economy's post-pandemic low point.
- The PBOC Policy Bias Index edged higher, inching above the 50 mark for the first time in 4 months.
- The Guidance Clarity Index also edged higher, with no respondent seeing the central bank as giving a foggier indication of its intentions and the majority seeing no change in guidance capacity.
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.
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 June 14 – June 25.
Click below for the full press release:
MNI_China_Liquidity_Index_June_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.