26 Jul 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
China’s major banks have cut deposit rates.
On Thursday morning, China’s big five state-owned commercial banks – Industrial and Commercial Bank of China (ICBC), China Construction Bank, Bank of China, Agricultural Bank of China, and Bank of Communications – published lower deposit rates on their web...
September 6, 2024
It’s getting harder to cut interest rates. On Thursday, Zou Lan, director of the central bank's (PBoC) monetary policy department, told a press conference: “There are certain constraints on the further decline of deposit and loan interest rates.” Zou cited… Read More »
September 6, 2024
Property developers are still bleeding cash. On Monday, Tianfeng Securities published a report analyzing the interim earnings of 113 mainland-listed developers. The headlines: In H1, the developers’ combined revenue declined by 20.6% y/y to RMB 880 billion. Meanwhile, the group… Read More »
September 6, 2024
Local governments are upping support for the consumer goods trade-in program. ICDYK: In July, the State Council updated its consumer goods trade-in initiative, committing RMB 150 billion in special treasury bonds (STBs) to fund trade-in subsidies at the local level.… Read More »