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CNH/GBP News
He Haifeng, Chief Economist of Guotai Junan: Macroeconomic policies have shifted to consumer demand to boost consumer demand and focus on scenarios and content
According to data recently released by the Ministry of Commerce, commodity consumption grew steadily in April. What policy incentives are currently needed to boost consumption? Today, at the 2024 Tsinghua Wudaokou Global Finance Forum, Cathay Pacific Junan's chief economist He Haifeng was interviewed by the Financial Federation.
The LPR remained unchanged in May. Experts predict that there is room for subsequent adjustments, but the magnitude is limited
① The LPR remains unchanged in line with market expectations. The MLF operating interest rate did not change in May, which means that the LPR quotation base remained stable during the month. ② LPR interest rate adjustments need to reflect factors such as own capital costs, market supply and demand, and risk premiums.
May LPR quotes released: 1-year and 5-year interest rates remain unchanged
In May, the loan market quoted interest rate (LPR) price was released. The 1-year LPR report was 3.45%, compared to 3.45% last month; LPR for a term of 5 years or more was 3.95%, compared to 3.95% last month.
National Bureau of Statistics: The overall wage level of employed people in urban units will maintain steady growth in 2023
Wang Pingping said that in 2023, China's economy will recover better, social development will be stable, the number of employed people will increase, and the overall average annual wage of people employed in urban units will continue to grow. The actual growth rate is higher than the previous year.
Express News | CITIC Securities: The central bank's operation to stabilize the exchange rate has shown new characteristics
China's Consumer Prices Rise For Third Month in April
China's consumer prices edged up for a third straight month in April, exceeding market expectations, according to data from the National Bureau of Statistics released on Saturday. The Consumer Price I
National Bureau of Statistics: National consumer prices rose 0.3% year on year in April
In April 2024, national consumer prices rose 0.3% year on year. Among them, cities rose 0.3%, rural areas rose 0.4%; food prices fell 2.7%, non-food prices rose 0.9%; consumer goods prices remained flat, and service prices rose 0.8%. On average from January to April, national consumer prices rose 0.1% over the same period last year.
The central bank spoke out, is a wave of bank “interest rate cuts” coming?
The industry expects that a new wave of deposit interest rate cuts may soon arrive.
The Central Bank of China increased its gold reserves for the 18th consecutive month
① China's gold reserves were 72.8 million ounces at the end of April and 72.74 million ounces at the end of March, increasing its gold reserves for the 18th consecutive month. ② As of the end of April 2024, China's foreign exchange reserves were US$32008 billion, down US$44.8 billion from the end of March, or 1.38%.
Japan, South Korea, Indonesia and other countries are starting a war to defend their currencies! Be wary of the further spread of the crisis
The devaluation of currencies in many Asian countries has attracted market attention.
Futu Morning Post | Buffett's shareholders' meeting came to a successful conclusion; the organization spoke optimistically! Hong Kong stocks still have room to rise by about 20%
US eases tax credit restrictions on electric vehicles using Chinese graphite as batteries; Wells Fargo: Expectations for the Federal Reserve to cut interest rates in September are unwavering.
LPR remained unchanged in April Experts: Reasons for lack of further downsizing in the second quarter or in the short term when entering the policy observation period
① The net interest spreads of some banks are under high pressure, and MLF interest rates remained stable in April. The market already expects the LPR interest rate to remain unchanged this month. ② Currently, policy interest rates and LPR interest rates are not as low as good; it is necessary to prevent potential arbitrage idling risks and improve the efficiency of policy implementation.
中国有望超越七国集团，成为全球经济增长的主要推动力
中国预计将超过G7，成为未来五年全球经济增长的领头羊，其增长贡献将达到21%，引领全球经济发展新潮流。
Central Bank: There is still room for future monetary policy to closely monitor policy effects and make good use of reserve policies
The Information Office of the State Council held a press conference at 2:00 p.m. today. Zhu Hexin, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, and Wang Chunying, Deputy Director of the State Administration of Foreign Exchange and press spokesman, introduced financial operations and foreign exchange balance in the first quarter of 2024 and answered questions from reporters.
The share of international payments in RMB rose to 4.7% in March and remained the fourth largest payment currency in the world
① According to transaction data compiled by Swift, the share of RMB in international payments is increasing, while the share of the euro continues to decline; ② Since November last year, the RMB has become the fourth most traded currency in the world, but it still lags behind the US dollar, the euro, and the British pound.
Breaking: China's GDP Expands 5.3% YoY in Q1 2024 Vs. 5.0% Expected
China’s economy expanded 5.3% over the year in the first quarter of 2024, as against a 5.2%% growth in the final quarter of 2023, the official data released by the National Bureau of Statistics (NBS) showed on Tuesday.
The economic report card for the first quarter was released today, and the GDP growth rate is expected to exceed 5%
The Information Office of the State Council will hold a press conference at 10 a.m. this morning. Sheng Laiyun, deputy director of the National Bureau of Statistics, was invited to introduce the operation of the national economy in the first quarter of 2024 and answer questions from reporters. Furthermore, China's economic “report card” for the first quarter of 2024 will also be released today. Judging from leading indicators, high-frequency monitoring data, etc., the GDP growth rate is expected to exceed 5%.
The banking system has abundant liquidity in April, MLF continued “volume reduction and price leveling” operations: the central bank focused on revitalizing stocks, and it is unlikely that interest rates will be cut in the short term
Today, the central bank carried out a 100 billion yuan 1-year medium-term loan facilitation operation (MLF). Since the 170 billion yuan MLF expires this month, the net return was 70 billion yuan. After 15 months of continuous net investment, the central bank changed its past style and has been shrinking operations for 2 consecutive months. The background also shows that the current banking system has abundant liquidity.
China's New RMB Loans Hit 9.5 Trillion Yuan in Q1
China issued 9.46 trillion yuan of renminbi-denominated loans in the first quarter of 2024, according to data from the People's Bank of China on Friday. In 2023, China's first-quarter new yuan loans h
China Central Bank Keeps Key Policy Rates Steady
China's central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month. The People's Bank of China kept the one-year medium-term lendi