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 for a fourth straight month in June, as the People’s Bank of China’s end-H1 macro-prudential assessment (MPA) saw banks hoard funds. Economic sentiment continued to decline, with traders still concerned over sluggish data from real estate, exports and consumption, the latest MNI Liquidity Conditions Index shows.
-- The MNI China Liquidity Condition Index climbed up to 60.5 in June, up from 55.3 in May, with 39.5% of the traders reporting tighter conditions.
-- The MNI China Economy Condition Index reached 48.7 in June, down from 53.9 in May, the fourth month of consecutive decline, with a third of participants seeing a deterioration in conditions.
-- The MNI China PBOC Policy Bias Index stood at 38.2, down from 40.8, with three-quarters of traders surveyed believing the policy stance would be maintained.
-- The MNI China Guidance Clarity Index reached 57.9 in June, up from 56.6 previously, with 84.2% of the participants understanding the PBOC’s communication well.
The MNI survey collected the opinions of 38 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 June 12 – June 23. Click below for the full press release:
MNI China Liquidity Index June 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.