China's [Maybe] Biggish [Quasi?] Bazooka

760 Views24 Sep 2024 20:50
The three heads of China's PBOC, CSRC, and Financial Regulatory Bureau convened an early morning presser 23 Sep 2024 to put forth an array of measures designed to boost GDP and the stock market.
What is covered in the Full Insight:
  • Introduction
  • Interest Rate Measures
  • Real Estate Financing Measures
  • Stock Market Measures
  • Other Financial Measures
Boomeranged on Thu, 26 Sep 2024 12:19
The China Maybe-Biggish Quasi-Bazooka is turning more Big Bazooka-ish. Bloomberg reports China may inject RMB 1 trillion of new capital into big banks. This was mentioned obliquely by Pan Gongsheng PBOC Governor in the presser. Now it appears to be on its way. This solves more potential problems and effectively backs the greater leverage required to get real estate, etc borrowing rolled.
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