Express News | Analysts interpret the sharp rise of the yuan: the peripheral market may have begun to brew expectations of a strong domestic economy.
What is the significance of the People's Bank of China's second MLF operation this month? Deemphasizing the policy color of the MLF interest rate, institutions need to pay more attention to mid-month liquidity.
The increase in MLF operations this time met the long-term funding needs of financial institutions. The MLF operation used an interest rate bidding method, which can better reflect the supply and demand of funds. The moderate decline in MLF interest rates bridged the gap with market rates such as interbank certificates of deposit. The arrangement of this MLF operation after the LPR quote reflects the intention to downplay the policy color of MLF interest rates.
NDRC releases policy measures to encourage high-quality enterprises to use mid- to long-term foreign debts, expanding USD 1.27 trillion of external debts.
Requirement for high-quality enterprises to achieve "industry top five revenue scale in the past year" has been added. Currently, the scale of China's foreign debt stock is USD 1.27 trillion, with the proportion of medium- and long-term foreign debt accounting for 87.8%.
Report from the Chinese Academy of Social Sciences: macro policies must continue to be strengthened and coordinated to actively expand domestic demand.
On July 23, Guolonghui reported that the Chinese Academy of Social Sciences Financial Research Institute held a press conference for the second quarter of 2023 on "China Macro-Financial Analysis".
July's LPR has been lowered, and the cumulative reduction of LPR for maturities beyond 5 years this year has reached 35 basis points, saving more than 0.07 million yuan in mortgage interest.
LPR is the main reference benchmark for loan pricing. The decrease in LPR conveys a policy signal of stable growth and development, which will further stabilize and lower the financing costs of the real economy. Since this year, the cumulative decline of LPR above 5 years has been 35 basis points. Borrowers of existing housing loans will also enjoy the benefits brought by the decrease in LPR after the next repricing date, reducing their interest burden and enhancing their consumption ability.
Express News | In June, China's Swift renminbi accounted for 4.61% of global payments, up from 4.47% in the previous period.