27 Jun 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
The central bank (PBoC) looks set to abolish a policy interest rate that never gained traction.
Some context: The PBoC has two policy rates:
The interest rate it pays on seven-day reverse repos it sells during open market operations.
The rate on one-year funds it lends to China’s most cre...
June 28, 2024
Many local governments are still increasing off-balance-sheet borrowing. On Tuesday, Hou Kai, auditor-general of the state auditor (NAO), delivered a report on local authorities’ progress in resolving debt risks. After examining the books of nine provinces and cities, NAO found… Read More »
June 28, 2024
Beijing’s much-touted consumer goods trade-in program has failed to significantly boost auto sales. On Tuesday, the commerce ministry (MofCom) held a press conference to discuss the program. ICYMI: According to MofCom rules released in late April, consumers can trade in… Read More »
June 28, 2024
Beijing is the last top-tier city to cut the cost of buying a home. On Wednesday, city authorities announced much-anticipated reductions to Beijing’s minimum mortgage rates and downpayment ratios. The central government dropped a major property support package last month,… Read More »