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SGD/CNH News
China to Roll Out More Stimulus, Confident in Meeting 2025 Growth Target- Official
China Industrial Profit Rises in March -- WSJ
Pan Gongsheng: A moderately accommodative MMF policy will be implemented to promote the high-quality development of China’s economy.
The President of the People's Bank of China, Pan Gongsheng, emphasized that economic fragmentation and ongoing trade tensions continue to disrupt the Industry Chain and supply chains. Major economies should strengthen their participation in the coordination of international macroeconomic and financial policies to maintain Global economic and financial stability.
The central bank's press conference today highlighted key points: improving the efficiency of KUAJINGZIJIN flow and reducing the costs of cross-border trade. Here's the interpretation!
① Multiple departments recently jointly issued the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center"; ② The central bank held a press conference today, and relevant officials stated that they will continue to optimize the policy toolbox for cross-border financial services, effectively supporting enterprises in going global; ③ Several market participants told reporters that the plan emphasizes the cross-border use of the RMB, providing policy guidance for international trade and investment financing.
The State Administration of Foreign Exchange: From January to March 2025, Banks cumulatively settled 3796.5 billion yuan.
On April 22, data from the National Forex Administration Statistics shows that in March 2025, Banks settled foreign exchange at 1,360.1 billion yuan and sold foreign exchange at 1,374.2 billion yuan.
China Urges Yuan First in Global Expansion Drive
Will it rise or not?
Caitong believes that whether or not the LPR is lowered, it may not necessarily drive interest rates to immediately break their previous lows. After all, the market has to navigate the trade-offs between the Sino-U.S. trade friction, the strength of a package of incremental policies, and the choice of monetary policy, with the combination of the three being dynamic and full of uncertainty.
China Set to Leave Lending Rates Steady, but Tariffs Raise Easing Bets
Liu Yuanchun: The breakthrough of China's economy and the 'resilience code' of the Capital Markets under the China-US tariff war.
"An An Interview Series" is a deep interview program produced by Xu Anan, the Executive President of the Interface Financial Alliance. It dialogues with 1,000 industry leaders from an investment perspective, covering areas such as media innovation, VC/PE, information services, CNI Xiangmi Lake Fintech Index, Trade systems, and strategy emerging fields.
China March Retail, Industrial Sectors Post Solid Growth
Chinese Industrial Capacity Utilization Expands to 74% in Q1
[Illustration of China's economic first quarterly report] GDP grew by 5.4% year-on-year, ranking among the top in major Global economies.
① In the first quarter of this year, China's GDP grew by 5.4% year-on-year, with a quarter-on-quarter increase of 1.2% compared to the fourth quarter of last year; ② In the first quarter, the value added of industries above designated size increased by 6.5% year-on-year, and in March, it achieved a real year-on-year growth of 7.7%.
The National Bureau of Statistics: In the first quarter, the per capita disposable income of residents nationwide was 12,179 yuan, a real growth of 5.6%.
1. In the first quarter, the per capita disposable income of national residents was 12,179 yuan, a nominal growth of 5.5% compared to the same period last year; after deducting price factors, the actual growth was 5.6%. 2. The per capita disposable income of urban residents was 15,887 yuan, growing by 4.9%, and after deducting price factors, the actual growth was 5.0%. 3. The per capita disposable income of rural residents was 7,003 yuan, growing by 6.2%, and after deducting price factors, the actual growth was 6.5%.
National Bureau of Statistics: In March 2025, the value added of large-scale industries increased by 7.7%.
On April 16, the National Bureau of Statistics announced that in March, the added value of large-scale industry increased by 7.7% year-on-year in real terms (the growth rate of added value is the actual growth rate after excluding price factors).
Statistics Bureau: In March, the total retail sales of consumer goods reached 4094 billion yuan, with a year-on-year growth of 5.9%.
The National Bureau of Statistics announced today that in March, the total retail sales of consumer goods amounted to 4,094 billion yuan, a year-on-year increase of 5.9%. From January to March, the total retail sales of consumer goods reached 12,467.1 billion yuan, with a year-on-year growth of 4.6%. Among these, the retail sales of consumer goods excluding Autos were 11,343.4 billion yuan, growing by 5.1%.
In March, there was a warming in residents' medium and long-term loans, and industry insiders believe that mortgage rates are expected to be further reduced.
On April 14, Gelonghui reported that the central bank recently released financial data for March, showing that Crediting and social financing scale both exceeded market expectations.
Significant data exceeds expectations! The central bank released March financial data: the increment of social financing is at historical highs, with effective Crediting demand from enterprises and residents rebounding.
The People's Bank of China recently released financial data, with the unexpectedly large increase in Crediting and social financing scale showcasing more positive changes in the funding demands of enterprises and residents, making the economic trend towards improvement more evident.
Officials from the State Administration of Foreign Exchange: Looking ahead, the fundamentals of our economy and the resilience of the Forex market are relatively strong.
On April 10, the Global Exchange reported that a signed article by Jia Ning, director of the International Balance of Payments Department of the State Administration of Foreign Exchange of China, stated that looking forward, the fundamentals of China's economy and the resilience of the Forex market are strong, and the Forex market is in a position to maintain basic balance.
Chinese State-Run Media Says Time Appropriate for Monetary Easing -- Market Talk
National Statistics Bureau: In March 2025, the consumer prices will decrease by 0.1% year-on-year.
In March 2025, the national Consumer price decreased by 0.1% year-on-year.