China's local authorities are experiencing increased difficulty in selling bonds, indicating growing stress in the country's economy. The People's Bank of China (PBOC) has responded by ramping up liquidity support to boost the country's economic recovery. The central bank's recent injection of medium-term liquidity is the largest since 2020. Policymakers are increasing borrowings to stimulate growth and address short-term payment risks. In another move to stabilize the economy, stock investors on the Chinese mainland will have to provide more collateral when borrowing securities to sell, as announced by the China Securities Regulatory Commission. These measures come as China tightens curbs on foreign travel by bankers and state workers, aiming to counter foreign influence. Additionally, the Chinese government is taking steps to shore up its indebted property sector. The economic situation in China continues to face challenges as authorities implement various measures to address the country's economic struggles.
"Civil servants in #China & employees of state-linked enterprises are facing tighter constraints on private travel abroad & scrutiny of their foreign connections, as Beijing wages a campaign against foreign influence" https://t.co/DI2uC7RxVP
1/6 According to Reuters, Beijing is ordering state-owned banks to roll over existing local government debt into longer-term loans at lower interest rates. This is part of Beijing's efforts to reduce local-government debt risks. https://t.co/yenddujcjF
China tightens curbs on foreign travel by bankers, state workers - Reuters https://t.co/0XqPVD8LGc
China tightens curbs on foreign travel by bankers, state workers https://t.co/4xReAKjeON
🔴 PBOC INSTRUCTS STATE BANKS TO ROLL OVER LOCAL GOVERNMENT LOANS WITH A LONGER TERM AND LOWER INTEREST RATES – SOURCES.
China's measures to shore up its indebted property sector https://t.co/31bpETaqYO https://t.co/rlU2awXyI5
China’s local authorities are finding it more expensive to sell bonds, the latest sign of rising stress. Of the local government yuan bonds sold so far this year, 50 carry coupons with a premium of more than 25 basis points with comparable sovereign debt. https://t.co/0a5b8R5QW7
China imposes stricter curbs on foreign travel for state workers https://t.co/CjPcGjwE8j https://t.co/CxeGrv4gqp
China tightens curbs on foreign travel by bankers, state workers https://t.co/AdtsvqKMr7 https://t.co/9dmWTShAtZ
Chinese civil servants and employees of state-linked enterprises are facing tighter constraints on private travel abroad and scrutiny of their foreign connections as Beijing wages a campaign against foreign influence https://t.co/4ASRffIAOu
"China Bet It All on Real Estate. Now Its Economy Is Paying the Price." https://t.co/7sBSkEX1Af https://t.co/H3ILfDAgcN
China ramps up liquidity support to banking system - Reuters https://t.co/OUyzPzD4N9
Stock investors on the Chinese mainland will have to set aside more collateral when they borrow securities to sell, the China Securities Regulatory Commission announced Saturday, a rule change designed to curb short-selling and prop up the stock market. https://t.co/PfTK6x56aH
China’s central bank is making the biggest medium-term liquidity injection since 2020, stepping up efforts to support debt sales as the nation struggles with a stuttering economy. https://t.co/5Kmp4HwSGk
China Local Governments Are Finding It No Longer Cheap to Borrow https://t.co/M2HjsUZDRC
China’s local authorities are finding it more expensive to sell bonds, the latest sign of rising stress as policymakers ramp up borrowings to stimulate growth and defuse short-term payment risks. https://t.co/bKdpDLTALL
PBOC Ramps Up Liquidity Support to Boost China Economic Recovery https://t.co/RuWfs5B11n
China’s local authorities are finding it more expensive to sell bonds, the latest sign of rising stress https://t.co/qnjIeDObrh
China’s local authorities are finding it more expensive to sell bonds, the latest sign of rising stress https://t.co/yWqirjJtMS