China Stock Market

PBOC Loan Prime Rates (LPR) CUT: 1-year 3.55% (prior 3.65%) & 5 year 4.20% (prior 4.30%)

• People's Bank of China rate cut, as expected

More from Goldman Sachs - reasons for slashing their China growth forecast

Goldman Sachs have taken a knife to their China GDP forecasts: 5.4% for 2023 (6.0% prior)

UBS revised down its China 2023 GDP growth forecast to 5.2%, from 5.7% previously

China’s State Council considering various macroeconomic policies to boost demand

ICYMI - Nomura slashes its forecast for China's 2023 GDP growth to 5.1% from 5.5%

UBS lowered its forecast for China’s 2023 economic growth to 5.2%, from 5.7% previously

China's State Planner says it'll speed up implementation of key projects

PBOC 1 year MLF rate cut to 2.65% (prior 2.75%), as widely expected

Chinese state media: China is expected to announce more support for the property sector

Asia Economic calendar 15 June 2023: NZ GDP, Australia job report, China economic activity

• A People's Bank of China rate cut is expected today

Citadel's Ken Griffin optimistic on growth in China

Goldman Sachs warn property weakness likely a multi-year growth drag on China’s economy

• Iron ore price dropped during the session

More Chinese banks cut rates

China Wanda bonds halve in value since January, "Its really bad, moving in one direction"