07 May 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Consumer confidence didn’t drop further in Q1 2024 – but it remains close to record lows.
That’s the main takeaway from the central bank’s (PBoC) latest household and business surveys, released on April 30.
Some context: Every quarter, the PBoC surveys urban households, entrepreneurs, and ban...
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 »