Former PBoC Director of Statistics and Analysis Department Songcheng expects the central bank to take "small steps" toward monetary easing in the near future, Shanghai Securities News reports citing a speech

The comments from the former PBoC official suggest a shift towards a more accommodative monetary policy, which could indicate a potential easing of credit conditions in China.

Newsquawk StaffPublished 12 Jan 2026, 06:28 UTCOn the live feed at 06:08 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

07:02

Newsquawk Daily European Equity Opening News - 12th January 2026

06:25

Newsquawk Daily European Opening News - 12th January 2026

06:08

Former PBoC Director of Statistics and Analysis Department Songcheng expects the central bank to take "small steps" toward monetary easing in the near future, Shanghai Securities News reports citing a speech

05:46

[MARKET UPDATE] KOSPI completely pares back earlier gains of 1.5%, now currently -0.2% despite a lack of a clear driver

05:15

Samsung Electronics (005930 KS) is set to introduce domestically produced blank masks for its EUV lithography process by Q2, according to industry sources

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

If markets perceive this as a precursor to more significant easing, we might see downward pressure on the CNY and a positive impact on risk assets. It’s crucial to monitor how this aligns with current expectations and possible market reactions in both the fixed income and currency markets.

Fixed Income · last 90 days

Recent headlines that moved markets

FIXED INCOME/4 Sept · 12:30 UTC

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K.

- UST futures, after we published−0.4%

In an immediate reaction to the healthy jobs market report: ES futures fell whilst the probability for a 25bps Fed hike at the next meeting rose to ~65% from just under 50% pre-data.

FIXED INCOME/4 Sept · 12:30 UTC

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K.

- UST futures, after we published−0.4%

FIXED INCOME/3 Sept · 12:48 UTC

Fed Governor Waller (Voter) Q&A: With CPI and PPI in hand, have a pretty accurate view of PCE inflation; there is little cost to waiting one meeting.

10yr UST futures, after we published+0.1%

FIXED INCOME/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

10yr UST futures, after we published+0.1%

FX/9 Sept · 15:01 UTC

US Treasury Buyback: Treasury to buy back a maximum of USD 6bln in 10-20year Treasuries on Thursday (vs guidance for at least USD 4bln).

USD/JPY, after we published+0.4%

ENERGY/8 Sept · 19:50 UTC

Iran launched an attack against US Navy ships on Monday that the US military has yet to acknowledge, WSJ reports, citing US officials.

Brent crude, after we published+0.8%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.