Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

China Insights

Monthly update on Chinese markets
09 February 2022
    Download the full reportPDF, 2.8MB

    Summary

    • The People’s Bank of China is adopting a market-based interest rate approach to conducting monetary policy
    • Unlike the Fed, the PBOC doesn’t just target short-term rates; the Chinese central bank also regulates medium-term rates
    • The PBOC targets longer-term rates in hopes of improving the transmission mechanism by which interest rates affect the economy
    • The PBOC has begun a new monetary easing cycle recently, to combat a slowing economy due to sporadic Covid outbreaks and a troubled real estate sector