PBOC to fine-tune policy to ensure ample liquidity CHINA’S central bank, People’s Bank of China, will fine-tune monetary policy in a “pre-emptive” way to ensure liquidity is reasonably ample, it said Wednesday, amid heightened trade tension that has stiffened economic headwinds. Top leaders pledged Tuesday to keep China’s economic growth within a reasonable range and achieve this year’s target despite challenges as a trade war with the United States intensifies. Property outbound investment hits lowest since 2015 CHINA’S real estate outbound investment in the first six months fell to its lowest level since 2015, property consultancy firm Cushman & Wakefield said in a report, mainly hurt by tighter controls on lending. Chinese institutional investors spent US$4.3 billion on property overseas in the second quarter, according to the report published late Wednesday, a 45 percent slide from a year ago. Shanghai’s INE seeks oil market makers to drum up interest in crude futures SHANGHAI International Energy Exchange (INE) is looking to appoint a market maker to boost trading volumes and liquidity in its nascent crude oil contract as the first contract heads for expiry later this month, two sources said. The INE, part of the Shanghai Futures Exchange (ShFE), has approached in recent weeks at least two major brokers about finding market makers to drum up business in the less-active forward months, two sources familiar with the matter said. Credit impact of deleveraging should be limited: central bank adviser CHINA should limit the credit impact of the country’s financial deleveraging drive, a central bank adviser said Wednesday, as policymakers seek to boost support for the slowing economy amid a deepening trade war with the United States. |