03 Jul 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Sales of existing homes are surging in major cities.
According to the latest transaction data published by local real estate brokerages, in June:
26,374 secondhand units were sold in Shanghai, the highest monthly amount in three years
Transactions increased 9% m/m in Shenzhen, and 66% y/y...
July 4, 2024
The central government will subsidize loans used to fund industrial upgrading. Some context: In March, the State Council published an action plan to encourage firms to update old plants and industrial equipment. To fund those purchases, the central bank (PBoC)… Read More »
July 3, 2024
China's lithium overcapacity problem demands government intervention. That's our take from the 2024 International Lithium Battery New Energy Industry Conference, held June 28 in Sichuan. Top among key concerns: Former Vice Minister of Industry and Information Technology Su Bo argued… Read More »
July 3, 2024
Monetary policy continues to tighten. The latest: In June, the central bank's (PBoC) pledged supplementary lending (PSL) facility contracted for the fourth consecutive month, fully unwinding its December-January expansion. This comes after the PBoC drained funds via the medium-term lending… Read More »