Discover and read the best of Twitter Threads about #PBoC

Most recents (7)

THREAD: CF40 just concluded the third Yichun Forum in northeast #China’s Heilongjiang province. Here are some takeaways from the keynote speakers: mp.weixin.qq.com/s/qAmqQE2XQOyU… 1/7
Chen Yuan, chairman of CF40 Executive Council: China should reconsider the strategic significance of its foreign reserves, turning it into the focus of financial
battlefield in the future from its past role as a highly reliable core fortune. 2/7
Zhou Xiaochuan, former #PBoC governor: Only when #RMB is truly internationalized, can China effectively deal with the side effects of various distortions at the global monetary market which is now dominated by US dollar. 3/7
Read 7 tweets
🇨🇳 #China will cut export rebate rates to 13% and 9%, respectively, for exports that enjoyed 16% and 10% rebate rates in accordance with value-added tax cuts effective April 1, according to a statement from the Ministry of Finance.
*Link (Chinese): bit.ly/2Tr5h3o
🇨🇳 #China is extending a public holiday to get people to travel and spend more as the government pins its hopes on a vast consumer base to help cushion an economic slowdown - Reuters
reuters.com/article/us-chi…
🇨🇳 #China Regulator Says Financial Markets Can Open More Quickly - Bloomberg
bloomberg.com/news/articles/…
Read 167 tweets
🇺🇸 🇨🇳 *U.S. WAITING TO HEAR FROM #CHINA ON TRADE DEAL, KUDLOW SAYS - BBG
*KUDLOW EXPECTS U.S.-CHINA MEETING IN MARCH IN MAR-A-LAGO
*TRUMP, LIGHTHIZER ARE VERY CLOSE, KUDLOW TELLS CNBC
🇺🇸 🇨🇳 #CHINA WOULD HAVE TO NOTE ANY FX INTERVENTION UNDER DEAL: KUDLOW - BBG
🇺🇸 🇨🇳 *MNUCHIN SAYS #CHINA #TRADE TALKS INCLUDE 150-PAGE DOCUMENT - BBG
Read 819 tweets
(1) China's gummed-up monetary policy transmission in 3 charts.

If they can't fix this, outlook for 2019 is pretty bad.

#PBOC cuts to banks' reserve requirement ratio (RRR) successfully pushes financial system liquidity back higher...
(2) ...but shadow banking crackdown means very little of this is making it into real lending, unlike in previous easing cycles

wsj.com/articles/china…
(3) ...instead, all that liquidity pumps up bubbles in high-rated bonds and property, while borrowing costs for most companies remain very high

wsj.com/articles/china…
Read 4 tweets
🇨🇦 🇺🇸 🇨🇳 🇮🇷 #Canada arrests #Huawei’s global chief financial officer in Vancouver – The Globe and Mail
theglobeandmail.com/canada/article…
A gauge of #technology shares on the MSCI #Asia Pacific Index slid as much as 3 percent before paring some losses - Bloomberg
🇺🇸 #SPX ⬇ as much as 1.9% from Tuesday’s close, before paring some losses. Selling pressure early in the session was so intense that it forced CME Group to intermittently pause trading, according to a spokesperson for the exchange - Bloomberg
*Link: bloom.bg/2BTw5DN
Read 736 tweets
Tria non potrebbe mai lavorare con @POTUS 😂😂😂
#TriaExit #Mef cosa?
Sta diventando stucchevole..tanto 1,6/2/2,5 la sostanza non cambia...se arriva la contrazione economica seria come preambolo di recessione...vi travolge ...senza se e senza ma...
PUPAZZI 👺💩👏

#ITALY'S LEAGUE ECONOMICS ADVISOR SAYS ANY TALK OF THE COUNTRY'S EURO EXIT IS OUT OF DISCUSSION
Read 347 tweets
1/ Thus far, 2018 has been a rougher year for #bitcoin than 2014, which was the last prolonged bear market we had.
2/ While negative #PBOC commentary threw off #bitcoin at the end of 2013, it was news of the #MtGox hack in Feb 2014 that broke the market's back.
3/ Interestingly, just as negative state commentary first unsettled the #crypto market in 2013 (China), so too did negative state commentary first unsettle the market in 2017 (South Korea).
Read 11 tweets

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