That’s a bit of a let-down for investors who expected officials to unveil the value of additional special sovereign bonds at the presser. On steps to help big state banks to replenish their capital, Vice Finance Minister Liao Min said the ministry is waiting for the lenders to submit their specific plans, and that work is progressing. Banks that are listed ...
On Lan’s remarks that local governments have 2.3 trillion yuan of funds from special bonds that they can use by the end of this year -- That’s NOT fresh stimulus, because he said that comprised of bonds that have been issued but not used yet, plus bonds that haven’t been issued but within this year’s quota. So it’s all within the budget previously known. So I think AFP's report about issuing $325 billion in bonds was not precise. $BANK OF CHINA (03988.HK)$$CNH/CNY (CNHCNY.FX)$$USD/CNH (USDCNH.FX)$$Hang Seng Index (800000.HK)$$NASDAQ Golden Dragon China (.HXC.US)$
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"not precise" perhaps, but more importantly, it's misleading. people gotta be careful about information like this especially when there's so many eyes on the Chinese stock market recently
BCL OCT4 Forum
This coincides with fiscal measures to shore up the property market by reducing inventory and financing good developers.
At the same time, making it easier for Chinese to buy property in the cities they want to own.
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PBOC:
TO BOOST CREDIT SUPPORT FOR THE REAL ECONOMY.
TO ENSURE REASONABLE MONETARY AND CREDIT GROWTH, AND BOOST FINANCING FOR SME BUSINESSES.
TO ENSURE ADJUSTMENTS TO REDUCE EXISTING MORTGAGE RATES.
TO SUPPORT STABLE DEVELOPMENT OF CAPITAL MARKETS.
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$BANK OF CHINA (03988.HK)$ $HKD-RMB DUAL COUNTER MODEL (LIST1352.HK)$ $CNH/CNY (CNHCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $Hang Seng Index (800000.HK)$ $NASDAQ Golden Dragon China (.HXC.US)$
On steps to help big state banks to replenish their capital, Vice Finance Minister Liao Min said the ministry is waiting for the lenders to submit their specific plans, and that work is progressing. Banks that are listed ...
So I think AFP's report about issuing $325 billion in bonds was not precise.
$BANK OF CHINA (03988.HK)$ $CNH/CNY (CNHCNY.FX)$ $USD/CNH (USDCNH.FX)$ $Hang Seng Index (800000.HK)$ $NASDAQ Golden Dragon China (.HXC.US)$
Oct. 15, Tue, 41.7 bln yuan
Oct. 16, Wed, 61.0 bln yuan, 789 billion yuan MLF
Oct. 17, Thu, 150 bln yuan
Oct. 27, Fri, 94.2 bln yuan
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Total 346.9 billion yuan 7-day RRP due.
$HKD-RMB DUAL COUNTER MODEL (LIST1352.HK)$ $CNH/CNY (CNHCNY.FX)$ $BANK OF CHINA (03988.HK)$ $HKEX (00388.HK)$
JAPAN EQUITIES SAW $9 BLN OUTFLOWS, THE LARGEST WEEKLY OUTFLOWS IN 20 YEARS.
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