Free Trial

MNI: PBOC To Offer More Targeted Tools, Expand Balance Sheet

MNI (Singapore)
(MNI) Beijing

The central bank will depend more on structural facilities to target weak sectors and could restart Pledged Supplementary Lending to inject CNY1 trillion, advisors told MNI.

True

The People’s Bank of China will expand its balance sheet in 2024 to offer more structural tools targeted at weak and risky sectors such as the property market which it deems crucial to achieve the 5% GDP growth target, policy advisors and economists told MNI.

The central bank wants to address structural issues, particularly to help real-estate developers grappling with low liquidity, said Lian Ping, chairman at the China Chief Economist Forum. He noted the PBOC will likely further facilitate refinancing of developers via credit support and non-bank funding channels such as bonds, equity and trust funds.

Keep reading...Show less
658 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.

The People’s Bank of China will expand its balance sheet in 2024 to offer more structural tools targeted at weak and risky sectors such as the property market which it deems crucial to achieve the 5% GDP growth target, policy advisors and economists told MNI.

The central bank wants to address structural issues, particularly to help real-estate developers grappling with low liquidity, said Lian Ping, chairman at the China Chief Economist Forum. He noted the PBOC will likely further facilitate refinancing of developers via credit support and non-bank funding channels such as bonds, equity and trust funds.

Keep reading...Show less