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China Stimulus May Spur Buying in Overseas Equities, Bank of America Says
Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
Asia Markets Rise Buoyed by China's Stimulus Measures, Investors Access Australia's CPI Data
People's Bank of China Lowers Medium-term Lending Facility Rate by 30 Basis Points to 2%
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
China Stocks Lead Gains in Asia-Pacific Markets After Series of Stimulus Measures From PBoC
soyabean89 : and I was worry about their golden week consolidation this morning. great news indeed
Cui Nyonya Kueh :