PBoC Governor Pan says to allow overseas institutions to access yuan liquidity and will add overnight reverse repo instruments at the appropriate time, adds to increase overnight reverse repo operations
[MARKET ANALYSIS] Muted FX trade as all eyes turn to Warsh's Fed chair debut
[MARKET ANALYSIS] T-note futures take a breather after climbing on falling oil prices and as FOMC looms
PBoC Governor Pan says to allow overseas institutions to access yuan liquidity and will add overnight reverse repo instruments at the appropriate time, adds to increase overnight reverse repo operations
Trump administration officials are discussing ideas to kick-start oil tanker traffic through the Strait of Hormuz, including offering a fee-based “VIP pass” naval escort through the waterway, according to people familiar with discussion cited by POLITICO
[MARKET ANALYSIS] Oil prices linger near the prior day's lows after slumping amid anticipation of returning supply
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Says:
- Six banks are authorised to conduct offshore foreign exchange transactions in Shanghai Free Trade Zone.
- Difficult and unnecessary for China's credit growth to maintain its previous pace.
- Will improve the efficiency of interest rate transmission.
- To develop the wealth management market.
- To enrich the macro prudential policy toolbox.
- Will severely crackdown on insider trading and financial fraud.
- Will steadily promote panda bond market.
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