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.
China’s interbank markets saw a recovery in liquidity levels in July despite the People’s Bank of China withdrawing funds to ensure no liquidity flood after the half-year passed, the latest MNI Liquidity Conditions Index shows.
The Liquidity Condition Index, fell to 34.4 from 57.8 in June, with as many as 37.5% of the participants reporting improved liquidity after the half year adjustments.
The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index stood at 73.4, slowing from June's 79.7, partly on fears of Covid restrictions returning.
- The PBOC Policy Bias Index remained below 50 for a 13th consecutive month.
- The Guidance Clarity Index was little changed, as respondents again claim to understand the signals from the PBOC.
The MNI survey collected the opinions of 32 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 July 11 – July 22.
Click below for the full press release:
MNI China Liquidity Index -2022-07 presser.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.