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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.
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Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
The significant increase in bill........>
CHINA PRESS: The significant increase in bill financing in January has supported
the real economy, helping lower financing costs of SMEs, the Monetary Policy
Department at the PBOC said Thursday in a front-page commentary in the Financial
News, a newspaper run by the PBOC.
- The PBOC said some of the bill financing had been used by companies to
'arbitrage' between banks to pick up on rates, but noted this was only temporary
as there was little arb opportunity with structured deposit interest rates
returning to a reasonable level, the PBOC said. The PBOC comments were seen
combatting rumors that firms' arbitrage was the main driver boosting the latest
bill financing figure.
To read the full story
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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.