Announcement during trading! The central bank has carried out a second swap facility operation, and experts say the intention to boost the Capital Markets is obvious.
On October 18 this year, the central bank conducted the first SFISF operation, and by the end of the year, this quota had been nearly exhausted. The central bank's second operation will add several securities, Fund companies, and five major Insurance Institutions, with an operation volume of at least 50 billion yuan. The central bank announced this news during trading today, clearly indicating an intention to boost the Capital Markets and promote their development.
China Manufacturing Activity Expands for Third Consecutive Month in December- PMI
National Bureau of Statistics interpretation: In December, the manufacturing Purchasing Managers' Index has been in the expansion Range for three consecutive months, and the non-manufacturing Business Activity Index has significantly rebounded.
On December 31, the National Bureau of Statistics Service Industry Survey Center and China Logistics and Purchasing Federation released the China Purchasing Managers' Index. In this regard, Zhao Qinghe, a senior statistician at the National Bureau of Statistics Service Industry Survey Center, provided an interpretation.
National Statistics: December PMI is 50.1%, continuing to maintain expansion.
In December, the Manufacturing Purchasing Managers' Index (PMI) was 50.1%, a decrease of 0.2 percentage points from the previous month, indicating that the manufacturing sector continues to expand; The Manufacturing PMI has remained in the expansion Range for three consecutive months, while the Non-Manufacturing Business Activity Index has significantly rebounded.
PBOC Governor Pan: Room for Lower Rate
Who will implement the reserve requirement ratio cut and interest rate cut first as expectations rise to the maximum? Industry predictions suggest that the likelihood of a reserve requirement ratio cut by the end of the year is relatively high, while an i
① Currently, it has entered the observation period for policy effects, and the signals for reserve requirement ratio and interest rate cuts are unclear. The probability of an interest rate cut this week is low, but the likelihood of a reserve requirement cut before the end of the year is higher, and the interest rate cut may have to wait until 2025 for a suitable opportunity; ② A domestic interest rate cut may further increase short-term Exchange Rates pressure, and the probability of a short-term reserve requirement cut is greater than that of an interest rate cut. Recently, the Renminbi's exchange rate against the US dollar has declined, reflecting more of a passive depreciation nature.