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 conditions across China’s interbank market eased in October, as end-quarter MPA stress and Golden week sash needs fell away. The outlook for the economy picked up, helped by the mood music from the 20th Party Congress, the latest MNI liquidity conditions survey showed.
The Liquidity Condition Index, slid to 46.9 from September’s 59.4, with one quarter of the participants reporting a marginal loosening of liquidity conditions. The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index stood at 53.1, picking from August's 48.4, with sentiment improved in the wake of easing Covid restrictions.
- The PBOC Policy Bias Index remained below 50 for a 16th 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 October 10 – October 21.
Click below for the full press release:
MNI China Liquidity Index -2022_10 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.