Free Trial

The PBOC is likely to issue targeted....>

CHINA PRESS
CHINA PRESS: The PBOC is likely to issue targeted RRR cut policies to support
the technological development and entrepreneurship, Securities Daily reported
Friday. 
  - The PBOC could announce the policy sometime after the country's week-long
National Day Holiday, aiming to stabilise domestic demand and facilitate the
transmission of monetary policy to the real economy, said Zhou Chenghua, a
fixed-income researcher at Citic Securities; 
  - The central government, earlier this week, announced that it would upgrade
its policy support for the technology sector and for entrepreneurs, and
specifically mentioned using targeted RRR cuts as a tool.

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.