26 May 2023
Trivium Markets keeps you briefed on the latest developments in China markets policy.
More cracks are appearing in China's great wall of debt.
The latest mini-crisis was in Kunming, the capital of Yunnan province, where two local government financing vehicles (LGFVs) owned by the city government struggled to repay their bonds.
The deets: On Sunday, one repaid a RMB 200 million...
May 17, 2024
The cavalry is finally coming to rescue the beleaguered property sector. On Friday, the central bank (PBoC) announced new financial incentives for people to buy homes, most notably by: Scrapping the mortgage rate floor for both new and second-hand homes nationally Cutting… Read More »
May 17, 2024
More cities are rolling out plans to purchase unsold apartments and turn them into affordable homes. ICYDK: On Tuesday, Bloomberg scooped that the State Council is considering sponsoring large-scale government purchases of unsold housing, with a draft plan expected by… Read More »
May 17, 2024
The slowdown in credit growth is partly due to a change in the way Chinese authorities calculate GDP. Starting in Q1, the stats bureau (NBS) has used net interest income, net bank charges, and other measures of bank profitability to… Read More »