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 market liquidity tightened in November, despite renewed Covid concerns, as the Peoples’ Bank of China, drained funds from the system, the latest MNI Liquidity Conditions Index shows.
The Liquidity Condition Index, surged to 69.1 from 46.9 last month, with over half of respondents reporting tighter conditions, especially in the first half of the month. The index marks the highest reading of the year.
- The Economy Condition Index stood at 26.5, slumping from October's 53.1, with sentiment sliding in the wake of increased Covid infections.
- The PBOC Policy Bias Index remained below 50 for a 17th 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 34 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 November 14 to 25.
Click below for the full press release:
MNI China Liquidity Index_2022-11 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.