PBoC stress tests bond exposure

The prospect of significant interest rate increases in the near term appears remote. Given the downward pressures on China’s economy, we expect rates will move gradually lower for the next few years…
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PBoC pricks the bond bubble

Despite these measures, the core issue remains structural. With a permanent slowdown in credit demand, banks will pile into the bond market for the foreseeable future…
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AllianzGI buys stake in state-owned Guomin Pension

Building a robust private retirement savings ecosystem is key to bolstering financial support for China’s aging population and unlocking consumption potential. Equally significant is its role in steering savings away from real estate and towards capital markets, thereby funneling trillions of RMB into supporting Beijing’s technological ambitions…
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