PBoC injects CNY 218.5bln via 7-day reverse repos with the rate maintained at 1.40%
The PBoC's injection of CNY 218.5 billion via 7-day reverse repos, while maintaining the rate at 1.40%, is a sign of ongoing liquidity support in the face of economic challenges.
Chinese Industrial Profits (YTD) YoY (Mar) Y/Y 15.5% (Prev. 15.2%)
A group of budget airlines have requested USD 2.5bln in federal assistance in exchange for convertible warrants, WSJ reports citing sources
PBoC injects CNY 218.5bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8579 vs exp. 6.8282 (prev. 6.8674)
PRE-MARKET CHINESE STOCK NEWS: CITIC posts positive Q1 earnings, Li Auto targets Miidle East, Sinopharm net falls Y/Y
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This move signals their commitment to sustaining economic growth and could influence short-term rates and sentiment in both domestic and global markets, particularly in fixed income and forex.
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