CHINA PBOC CONDUCTS CNY3.5 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1027 MON VS 7.1124

MNI BRIEF: Japan Q2 Capex Up Q/Q; GDP Seen Revised Higher

MNI: PBOC Sets Yuan Parity Lower At 7.1027 Mon; +2.85% Y/Y

MNI: PBOC Net Drains CNY467.5 Bln via OMO Monday

CHINA SETS YUAN CENTRAL PARITY AT 7.1027 MON VS 7.1124

MNI: AUSTRALIA JUL BUILDING APPROVALS +10.4% M/M, +14.3% Y/Y

MNI: AUSTRALIA JUL DWELLING APPROVALS +10.4% M/M

MNI: BAKER HUGHES US RIG COUNT 583; OIL RIGS 483; GAS RIGS 95

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Press Digest Sept 02: PBOC, PMI, Weather

MNI picks key stories from today's China press.
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaStoryRegion

MNI (BEIJING) - Highlights from Chinese press reports on Monday: 

  • The People’s Bank of China will increasingly use treasury trades in the secondary market to make liquidity injections rather than through its medium-term lending facility, according to a Securities Times commentary article. The central bank’s net purchase of treasuries in August had effectively offset an MLF net-decrease of about CNY100 billion, the news outlet said, adding that such trades could adjust both liquidity and market rates simultaneously. As the PBOC normalises this operation, short-term treasury demand will increase and require coordination with the Ministry of Finance on bond issuance of various maturities, the newspaper said.
  • China’s manufacturing PMI registered 49.1 in August, from 49.4 in July, demonstrating the economy faces increasing downward pressure, according to Zhang Liqun, a special analyst at the China Federation of Logistics and Purchasing (CFLP). Authorities should enhance countercyclical policy support and increase government investment to drive up corporate orders, Zhang noted. Cai Jin, vice president at the CFLP said non-manufacturing PMI registered 50.3, with the business activity expectation sub-index above 55%, showing enterprises were optimistic about services.
  • The China Meteorological Administration has released the China Financial Meteorological Index Platform to provide meteorological risk exposure services to the financial sector, Securities Daily has reported. Financial meteorology has emerged in China to help investment institutions control risk and develop weather derivatives, risk assessment, and prediction tools, the daily noted. Looking ahead, the platform will integrate meteorological services for banking, insurance, securities, futures and other industries.
246 words

To read the full story

Close

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.

MNI (BEIJING) - Highlights from Chinese press reports on Monday: 

  • The People’s Bank of China will increasingly use treasury trades in the secondary market to make liquidity injections rather than through its medium-term lending facility, according to a Securities Times commentary article. The central bank’s net purchase of treasuries in August had effectively offset an MLF net-decrease of about CNY100 billion, the news outlet said, adding that such trades could adjust both liquidity and market rates simultaneously. As the PBOC normalises this operation, short-term treasury demand will increase and require coordination with the Ministry of Finance on bond issuance of various maturities, the newspaper said.
  • China’s manufacturing PMI registered 49.1 in August, from 49.4 in July, demonstrating the economy faces increasing downward pressure, according to Zhang Liqun, a special analyst at the China Federation of Logistics and Purchasing (CFLP). Authorities should enhance countercyclical policy support and increase government investment to drive up corporate orders, Zhang noted. Cai Jin, vice president at the CFLP said non-manufacturing PMI registered 50.3, with the business activity expectation sub-index above 55%, showing enterprises were optimistic about services.
  • The China Meteorological Administration has released the China Financial Meteorological Index Platform to provide meteorological risk exposure services to the financial sector, Securities Daily has reported. Financial meteorology has emerged in China to help investment institutions control risk and develop weather derivatives, risk assessment, and prediction tools, the daily noted. Looking ahead, the platform will integrate meteorological services for banking, insurance, securities, futures and other industries.