26 Sep 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
On Wednesday, the central bank (PBoC) cut the interest rate it charges banks for funds it lends via the medium-term lending facility (MLF) by 30 bps.
ICYMI: On Tuesday, the PBoC cut the interest rate on seven-day repos – its key policy rate – by 20 bps.
PBoC Governor Pan Gongsheng said he expected ...
September 28, 2024
China is expanding its financial toolbox to support the domestic forestry sector. On Friday, the Dalian Commodities Exchange (DCE) called for comments on a plan to launch futures trading of raw timber (logs). The details: Trading will be based on… Read More »
September 27, 2024
Beijing is stepping in to support China's cattle farmers. On Thursday, the ag ministry (MARA) and seven other central agencies issued a notice on stabilizing the development of the beef and dairy industries. At issue: China has invested heavily in… Read More »
September 26, 2024
The financial struggles of local government financing vehicles (LGFVs) are intensifying. In August, the number of LGFVs with repeated defaults on commercial acceptance drafts (CADs) reached a new high of 84, marking the fourth consecutive monthly increase. Refresher: CADs are… Read More »