Change in PBoC’s net foreign assets better gauge of FX intervention
Jan 22, 2016 05:16 am UTC| Commentary Central Banks
The extent of FX intervention can be gauged by measures apart from Official Foreign Reserves (OFR) data, such as the change in PBoCs foreign assets and the change in financial institutions forex purchase position....
China's financial sector a critical test for authorities in 2016
Jan 21, 2016 15:59 pm UTC| Insights & Views Economy
Chinese governments supply-side reforms may affect the asset quality and profitability of overcapacity industries and the financial sector, which could dampen investor confidence in Chinese assets. A slump in key asset...
PBoC's massive cash injection signaling reduced RRR cuts?
Jan 21, 2016 15:03 pm UTC| Commentary Central Banks
In todays money market activity, the PBOC injected 290 bn yuan through 28 day reverse repos and 110 bn yuan through 7-day reverse repos, the largest seen in 3 years. Could we consider this as a signal that the central bank...
Stock markets turmoil unlikely to affect Chinese economy
Jan 21, 2016 07:45 am UTC| Commentary
Chinese stock market had a disappointing start to 2016 as stock trading was suspended for two days in the opening week itself due to plummeting numbers. After Beijing announced new rules on stock trading and rumoured to...
Explainer: what's going on with China's economy?
Jan 21, 2016 01:13 am UTC| Insights & Views Economy
China has posted its lowest annual GDP growth since 1990. The slowdown is seen as a major concern for some investors, but against a backdrop of disappointing consumer spending, intensifying deflationary pressures, tepid...
Chinese economic growth slows in 2015, consistent with expectations
Jan 19, 2016 17:12 pm UTC| Commentary Economy
Year-over-year real gross domestic product (GDP) rose by 6.8% (consensus: 6.9%) in the fourth quarter of 2015. With this last data point, growth for 2015 comes in at 6.9%, in line with the 6.8% forecast, but down from 7.3%...
Capital controls—a less likely option for PBoC
Jan 19, 2016 15:12 pm UTC| Commentary Central Banks
Echoing elevated market volatility, Chinas FX reserves posted their largest single monthly decline in December, supporting sustained capital flight. Given its falling reserves, the PBoC is now seen with limited ability to...
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