MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

MNI China Press Digest Sept 26: PBOC, Employment, Green Bonds

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

Highlights from Chinese press reports on Thursday:

  • The People’s Bank of China can deal with potentialinterest rate fluctuations and keep the yuan basically stable at a reasonable and balanced level, Financial News, a PBOC-run newspaper, said in a front-page article. Major economies’ rate cuts have significantly eased external pressure on the yuan in the near term, while a solid foundation for the currency to remain stable in the mid-to-long-term exists, the newspaper noted. Market participants must assess risk correctly and not bet on the direction of the exchange rate, the newspaper said.
  • China will prioritise high-quality and full employment goals within economic and social development, according to a guideline released by the State Council, the first central-government document issued on the topic, Shanghai Securities News reported. Authorities will increase employment by better coordinating policies on fiscal, monetary, industrial, price, and other factors, the document said.
  • China’s green credit and bond market has reached CNY35 trillion, becoming the worlds largest and has strong potential for future expansion, noted Ma Jun, director at the Green Finance Committee and former Chief Economist at the Research Bureau of the People’s Bank of China. Ma highlighted many high-carbon emission companies risked bankruptcy in future if they did not transform correctly, leading to increased unemployment and bad debts. Transformation finance should promote high-emission enterprises such as steel, cement, and nonferrous metals to accelerate their green and low-carbon transformation, Ma added.
232 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.

Highlights from Chinese press reports on Thursday:

  • The People’s Bank of China can deal with potentialinterest rate fluctuations and keep the yuan basically stable at a reasonable and balanced level, Financial News, a PBOC-run newspaper, said in a front-page article. Major economies’ rate cuts have significantly eased external pressure on the yuan in the near term, while a solid foundation for the currency to remain stable in the mid-to-long-term exists, the newspaper noted. Market participants must assess risk correctly and not bet on the direction of the exchange rate, the newspaper said.
  • China will prioritise high-quality and full employment goals within economic and social development, according to a guideline released by the State Council, the first central-government document issued on the topic, Shanghai Securities News reported. Authorities will increase employment by better coordinating policies on fiscal, monetary, industrial, price, and other factors, the document said.
  • China’s green credit and bond market has reached CNY35 trillion, becoming the worlds largest and has strong potential for future expansion, noted Ma Jun, director at the Green Finance Committee and former Chief Economist at the Research Bureau of the People’s Bank of China. Ma highlighted many high-carbon emission companies risked bankruptcy in future if they did not transform correctly, leading to increased unemployment and bad debts. Transformation finance should promote high-emission enterprises such as steel, cement, and nonferrous metals to accelerate their green and low-carbon transformation, Ma added.