China Central Bank Announced Will Keep Liquidity Reasonably Ample; Will Keep Credit Growth Reasonable
Portfolio Pulse from Charles Gross
The People's Bank of China (PBOC) has announced its intention to maintain reasonably ample liquidity and ensure that credit growth remains reasonable. This move is aimed at stabilizing the financial markets and supporting economic growth in China.
December 21, 2023 | 10:58 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI), which tracks the investment results of an index composed of large-capitalization Chinese equities, may see positive sentiment as the PBOC's announcement could lead to a more stable and supportive financial environment for Chinese companies.
The PBOC's announcement is likely to be viewed positively by investors as it suggests a supportive monetary policy environment for large Chinese companies, which are represented in the FXI ETF. This could lead to increased investor confidence and potential inflows into the ETF, driving up its price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80