％China Government Bond 10Y
CN-10Y
▼ NegativeMonetaryrelevance
PBOC maintains accommodative policy and ample liquidity, likely keeping yields low.
Impact on stocks 1
Others
The People's Bank of China has indicated it will adjust monetary policy tools in a timely manner and promote the issuance of panda bonds. At a working meeting to set the policy direction for the second half of the year, it confirmed it will continue a moderately accommodative monetary policy and maintain ample liquidity. It will also provide financial support to resolve debt risks of local government financing vehicles and promote their market-oriented transformation. Furthermore, it outlined plans to strengthen cross-border and offshore financial services in Shanghai and solidify Hong Kong's status as an offshore renminbi trading hub.
PBOC maintains accommodative policy and ample liquidity, likely keeping yields low.