Free Trial

The People's Bank of China may not......>

CHINA PRESS
CHINA PRESS: The People's Bank of China may not roll over the CNY267.4 billion
Targeted Lending Facility (TMLF) maturing on Friday, according to a report in
the China Securities Journal. Citing Wen Bin, the Journal reported that the
TMLF's aim to boost lending to small-and-medium enterprises has been covered
since the PBOC trimmed the required the reserved-deposit ratio by 100bp for
targeted regional banks. Moreover, the current Medium-Lending Facility's rate is
20 bps lower than the current rate of 3.15% for TMLF, sapping the demand of
financing institutions participating in the TMLF program. 

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.