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 – June Report
MNI China Liquidity Index™ –Liquidity Tighter In June
BEIJING (MNI) – China’s June interbank market liquidity tightened to its highest level in 8 months as banks withdrew funds ahead of the quarterly macroprudential assessment (MPA) the latest MNI Liquidity Conditions Index showed.
The MNI China Liquidity Condition Index reached 62.8 in June, up from May’s 23.8, with 39.5% of traders reporting tighter conditions versus 0% last month. It is the highest reading since October 2023.
The higher the index reading, the tighter liquidity.
The PBOC conducted CNY182 billion 1-year MLF on June 17, draining CNY55 billion after offsetting the CNY237 billion maturity. The central bank has drained net CNY295 billion via its open market operation as of June 24, MNI calculated.
ECONOMY
The MNI China Economy Condition Index stood at 51.2 in June, down from 65.5 previous, marking the lowest level since August last year.
Click below for the full press release:
MNI China Liquidity Index June Presser 2024.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.