China Central Bank Said Prudent Monetary Policy Will Be Precise And Forceful; Will Keep Liquidity Reasonably Ample; Will Keep Yuan Exchange Rate Basically Stable
Portfolio Pulse from Charles Gross
China's Central Bank has announced that it will maintain a prudent monetary policy that will be precise and forceful. It also plans to keep liquidity reasonably ample and the Yuan exchange rate basically stable.
August 17, 2023 | 9:56 am
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NEUTRAL IMPACT
The announcement by China's Central Bank may impact the iShares China Large-Cap ETF (FXI), as it tracks the performance of the largest companies in China's equity market.
The announcement by China's Central Bank about maintaining a stable monetary policy and exchange rate can influence the performance of the largest companies in China's equity market, which FXI tracks. However, the exact impact will depend on how these policies are implemented and their effect on the Chinese economy.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80