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JGBS

Bland 5-Year Auction

IDR

Consumer Confidence Data Take Focus

JGBS AUCTION

The Japanese MOF sells Y2.0327tn 5-Year JGBs:

JGBS AUCTION

The Japanese MOF sells Y2.8069tn 6-Month Bills:

CNH

Inflation Data Under Scrutiny

OIL

Crude Registers Fresh Highs For The Week

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Wednesday:
     The People's Bank of China (PBOC) should seize the moment to lower policy
interest rates as other major central banks have lowered or are preparing to
lower their rates, according to the China Securities Journal. In a commentary,
the Journal said the PBOC could possibly lower policy rates this month as
current money market rates are already lower than the policy rates.
     The PBOC is likely to increase the quotas for refinancing and rediscounting
due to the global spread of the coronavirus, according to Wang Qing, chief
macroeconomic analyst at credit rating agency Dongfang Jincheng. Wang's comments
were cited in the Economic Information Daily, which said the PBOC had released
another CNY500 billion in refinancing and rediscount quotes for small businesses
last week on the basis of an earlier CNY300 billion quota for epidemic control.
Meanwhile, total monetary easing is still needed in addition to targeted tools
supporting small businesses as the government aims to stabilize employment and
achieve its growth target, said Ming Ming, chief fixed-income analyst at CITIC
Securities, in comments also reported by the Daily.
     China's infrastructure investment projects this year will concentrate on
technology such as 5G and cloud computing rather than traditional infrastructure
around railways, roads and airports, according to Shanghai Securities News. In a
front page commentary, the newspaper said eight provinces in China have vowed to
build more than 300,000 5G stations. This technology infrastructure can
stabilize the economy and unlock potential consumption, the newspaper added.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]