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 – August Report
China’s interbank market liquidity tightened modestly in August but remained ample as the People’s Bank of China (PBOC) ensured funds were available to support the economic recovery. However, traders' outlook on the economy fell to the lowest level since May 2022, as authorities have struggled to inspire market confidence with recent policy announcements, the latest MNI Liquidity Conditions Index showed.
The MNI China Liquidity Condition Index climbed to 44.9 in August from July’s 35.9, with 23.1% of traders reporting tighter conditions, up 5.1 percentage points on last month.
The higher the index reading, the tighter liquidity.
-- The MNI China Economy Condition Index dropped to 25.6 in August, down from 32.7 in July, marking the sixth consecutive month of decline.
-- The MNI China PBOC Policy Bias Index stood at 38.5 in July.
The MNI survey collected opinions from 39 local 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 Aug 14 – Aug 25.
Click below for the full press release:
MNI China Liquidity Index August Presser 2023.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.