Free Trial

MNI China Press Digest Mar 12: Car Purchase, PBOC, Pork Price

MNI (Singapore)
MNI (Beijing)

Highlights from Chinese press reports on Tuesday:

  • The National Administration of Financial Regulation is studying a reduction to the down-payment ratio of passenger car loans and the optimisation of the pricing mechanism on electric vehicles insurance to help boost car consumption, said NAFR Director Li Yunze. The administration will also actively support EV exports and building of warehouses overseas, provide more targeted financial services and expand the coverage of export credit insurance, said Li. (Source: China National Radio)
  • The People’s Bank of China is investigating rural commercial banks’ bond investments, due to concerns that speculative transactions will squeeze out funding support for the real economy, 21st Century Business Herald reported. The yields of 10- and 30-year treasury bonds rebounded from the historical lows set last week to reach 2.313% and 2.484% on Monday. Some rural commercial banks may have begun to cut their super-long-term bond holdings after the PBOC’s investigation, an unnamed bond trader said.
  • Chinese pork prices will likely remain under pressure in Q2 due to strong supply and weak demand despite February’s CPI data showing an end to a nine-month consecutive fall, largely driven by holiday effects, according to industry analysts. Major producers are expecting to accumulate losses and drive a reduction in capacity amid tight cash flows and rising debt-to-asset ratios. (Source: Yicai)

To read the full story



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.