China Business Sector Edges Into Expansion in October: PMI Report
Stronger China Services Sector Activity Drives Up PMI -- Market Talk
Corporate loan interest rates hit a record low! In the first three quarters, the total financing provided by Beijing's financial system was nearly 950 billion yuan. In September, the weighted average interest rate for corporate loans dropped to 2.87%.
1. In the first three quarters of this year, the regions financial institutions in peking continued to show a growth trend in crediting. As of the end of September, the balance of various loans and deposits in RMB increased by 5.4% and 9.4% respectively year-on-year. 2. Since the beginning of this year, the average weighted interest rate for new corporate loans issued by financial institutions in peking has remained at a relatively low level, with the September average interest rate for corporate loans at 2.87%, reaching a new low in statistics.
The central bank: In September, various types of bonds totaling 7603.15 billion yuan were issued in the bond market.
On October 30, the People's Bank of China released the financial market operation situation for September 2024.
As Trump's election prospects heat up, options investors are betting on the US dollar to Singapore dollar exchange rates to rise.
The premium of buying a call option for one month is close to the highest level since May 2023. If the exchange rates of the US dollar to the Singapore dollar rise, the value of the call option will increase.
Singapore's Business Outlook Positive for Oct. 2024-March 2025 Period
Spinee OP : Singapore and China will enhance capital markets cooperation, planning a cross-border e-CNY pilot.
MAS and PBCDCI are embarking on a pilot that will allow travelers from both countries to use e-CNY for tourism spending in Singapore and China.