China weighs tightening self-regulatory controls on demand deposits after some lenders took advantage of the pricing mechanism, Caixin reports citing sources
Newsquawk Staff ·
China weighs tightening self-regulatory controls on demand deposits after some lenders took advantage of the pricing mechanism, Caixin reports citing sources.
What it means
China's potential move to tighten self-regulatory controls on demand deposits indicates a response to recent pricing irregularities by lenders. This could signal a shift in monetary policy approaches, impacting liquidity and banking sector behavior, which may reverberate through Asian markets and even influence global sentiment around Chinese economic stability. Traders should monitor for further developments that could impact risk perceptions in broader markets.
Sources
- Philippines President Marcos says our policy is to continue to defend the Philippine Peso as hard as we possibly can, adds we have all the means to defend the currency
- Japanese government expert panel discussed revision to three security-related documents, Kyodo reports citing sources; adding, "tax increases should not be ruled out as an option if necessary"
- Japan GPIF official says investing outside the TOPIX is important
- South Korea is reportedly considering an education tax on crypto exchanges
- Japan's Top Automobile Industry Union Group Chief says "we look beyond inflation-linked pay hikes for 2027 labour talks"
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