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Update Alerts

China rate cut latest step in bid to rekindle growth

07 June 2012

China’s central bank cut lending and deposit rates by 25bp today, the first rate cut since 2008 and in line with our out-of-consensus forecast that the Chinese authorities would cut rates in 1H12 in order to boost credit demand and revive investment (CC Dec 22 2011, Financial China; CC May 17, Macro View; CC May 31, Macro View).

RENMINBI COMPASS

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Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.