PBoC Governor Pan says monetary policy maintains a supportive stance, will be increasing the southbound bond connect quota to CNY 800bln from CNY 500bln
PBoC injects CNY 10bln via 7-day reverse repos with rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8054 vs exp. 6.7838 (prev. 6.8066)
PBoC Governor Pan says monetary policy maintains a supportive stance, will be increasing the southbound bond connect quota to CNY 800bln from CNY 500bln
PRE-MARKET CHINESE STOCK NEWS: Tencent sells Kuaishou shares, Luxshare raises HKD 24.3bln, Meituan software becomes open-source
OpenAI, Anthropic and Google (GOOGL) are offering startups hundreds of thousands of dollars of computing power and perks to win new enterprise business, WSJ reports citing sources
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- To support more good companies to list in Hong Kong.
- Will keep increasing China's FX reserves allocation in Hong Kong.
- China will support Hong Kong to launch CNY-denominated commodities futures trading.
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