Liquidity Injections, Opening-Up Announcements Ahead of Chinese New Year
January 23, 2017
Although uncertainty about formal US-Sino relations abounds during Trump’s first 100 days, China is mobilizing in the interim in attempt to cultivate a stable and open environment. Speaking to the former goal, the PBOC has injected temporary liquidity to stabilize financial institutions during the Chinese New Year holiday. And as confirmation of the latter, this week saw:
1.) announcement of 20 new programs to facilitate inbound investment
2.) disclosure of the pending launch of Chinese government bond futures on HKEx
3.) evidence, though divisive, of continued IPO reform.
Topics covered: PBOC, Chinese New Year, Government Bond Futures, World Economic Forum, ChiNext Index, IPO Reform
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