China Goes to New Extreme in Crackdown on Bond-Market Frenzy

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 63%

Bloomberg 뉴스

Government Bond,PBOC,Economic Slowdown

(Bloomberg) -- Chinese authorities are going to extraordinary lengths to tighten their grip on the world’s third-largest government bond market.Most Read...

-- Chinese authorities are going to extraordinary lengths to tighten their grip on the world’s third-largest government bond market.In DNC, Chicago’s Embattled Transit System Faces a High-Profile Test

In one sign of how deep pessimism toward the country’s assets remains, data last week showed that foreigners pulled a record amount of money from China in the second quarter. In Shanghai, the People’s Bank of China’s branch there asked some financial institutions in the region for a meeting to discuss bond market risks, people familiar with the matter said.

China’s government bonds have surged this year on the back of the gloomy economic outlook and expectations for interest-rate cuts. The lack of attractive alternatives such as real estate and stocks, and a switch out of savings to financial investments has fanned demand. Even an increase in government borrowing to boost fiscal stimulus failed to put off buyers.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 47. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인