23 Jul 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
The central bank (PBoC) has cut its key policy rate to coincide with a reduction in banks’ benchmark loan prime rates (LPRs).
The details: On Tuesday, the PBoC cut its seven-day reverse repo rate by 10 bps to 1.7%.
It was the first cut since August.
Refresher: The rate on seven-day repos is t...
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China is reportedly demanding that the ultra-rich pay tax on income derived from overseas investments. Some context: Chinese nationals have long been required to pay taxes on their overseas financial assets, but officials have rarely enforced the requirement – until… Read More »
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Chinese authorities continue to underwhelm in their attempts to shore up both household confidence and the economy. On Thursday, it was the housing ministry’s (MoHURD) turn at the mic – with minister Ni Hong and others attending a presser to… Read More »
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Intel may be on shaky ground in China. On Wednesday, the Cybersecurity Association of China (CSAC) released an article calling for regulators to launch a cybersecurity review against Intel. Yes, that cybersecurity review. The cybersecurity review that was used by… Read More »