WORLD

China Faces $708 Bn Cash Demand on Early Lunar New Year

A wall of maturing debt and a surge in seasonal demand for cash will test Chinaโ€™s financial markets this month, putting pressure on the central bank to ensure sufficient liquidity.

Demand for liquidity may total about 4.5 trillion yuan ($708 billion) in January, 18 per cent more than the amount seen last year, according to calculations by Bloomberg based on official data and analystsโ€™ estimates. An increase in the amount of policy loans coming due and demand for cash to be spent during the Lunar New Year, which takes place earlier in 2022, are drivers.

Click here to check market prediction for next trading session.

Get Daily Prediction & Stocks Tips On Your Mobile


I would like to receive communication from EquityPandit via sms, email, whatsapp, Google RCS for offers, updates etc.



๐Ÿ“ฐ
News
๐Ÿ“ˆ
Prediction
๐Ÿ“Š
FII / DII
๐Ÿ‘”
Advisory
Get 1-2 Index Option Trades Daily