Friday, January 22, 2021
Tags SHIBOR

Tag: SHIBOR

SHIBOR Sees First Uptick Since Chinese New Year

The Shanghai Interbank Offered Rate has just posted its first uptick since the end of the Chinese New Year, with some money market traders...

Shibor Falls Across the Board As PBOC Shores Up Mid-Year Liquidity

Shanghai Interbank Offered Rates (SHIBOR) of all maturities have fallen, prompting the Chinese central bank to refrain from open market operations across a slew...

Overnight SHIBOR Rises to Two Year High, Central Bank Seeks to Preserve Liquidity for Real Economy

Rates on China's money markets continue to rise in the lead up the end of the second half, and the maturation of 200 billion...

Liquidity Tightens As Interbank Rates Continue to Rise

Interbank rates continue to rise in China on the back of both seasonal factors and the central bank's ongoing deleveraging drive. Interbank lending rates maintained their...

Chinese Lenders Withdraw from Shadow Banking as Capital Costs Invert

As interbank funding costs rise above the reference rate for bank loans, Chinese lenders are dialling down their shadow banking activities and refocusing on conventional, on-balance sheet deposit operations. The...

SHIBOR Rises Above Loan Prime Rate As Real Economy Deleveraging Lags

The one-year Shibor rate has risen above the interbank one year loan prime rate, and is now closing in on the PBOC one year benchmark rate. On...

PBOC Expands Injections as Overnight Rates Rise to Two Year High

Sustained gains in China's money market rates have prompted the central bank to lift net monetary injections to a three month high. The overnight Shanghai Interbank Offered Rate...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.