204 days ago • Posted by Jasper Lawler
China bank liquidity issues to pre-empt market issues (like '18) ?
Liquidity pressure on banks is intensifying as more than CNY713Bn ($107Bn) in negotiable certificates of deposits (NCDs) comes due this week.
That's the highest since Sep. 2018, while the benchmark 7-day money market rate has risen for seven straight sessions
Source Bloomberg / @C_Barraud