Watching China today
Chris Weston
Pepperstone
Watching China today. The move to allow banks to trade negotiable certificates of deposits is a significant step in liberalising its interest rate system. This was much faster than the market had expected following the conclusion of the Third Plenum (Nov 12). Next step is to issue CD's to corps, then households and then remove the ceiling on rates on short-term deposits.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
2 topics
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Education
The former rugby league player who now runs a $1.5 billion business
Centennial Asset Management
Equities
Buy Hold Sell: 5 stocks slashing their dividends
Livewire Markets
Equities
Why you should play the long game on this big market theme
Livewire Markets