China Macro Tracker

Yuan

PBOC Restarts Counter-Cyclical Adjustment , Cuts Foreign Exchange Risk Reserve Ratio for Forward Sales to Zero Following Yuan’s Sharp Appreciation

China Tightens PM2.5 Limits in First Air Quality Standard Revision in 14 Years

Energy

China Outlines 2026 Oil and Gas Industry Priorities, Focuses on Reserve Expansion, Production Growth, and Green Transition

Hong Kong Unveils “Finance+” Strategy to Reinforce International Financial Centre Status

China’s Post-Holiday Liquidity Test: PBOC Ensures Market Stability Amid Large Reverse Repo and MLF Maturities

More than Half of Chinese Provinces Lower 2026 Fiscal Revenue Expectations, with Greater Revenue-Expenditure Imbalance

Shanghai Further Eases Real Estate Policies, Relaxing Homebuying Restrictions for Non-Locals and Raising Loan Limits

China Sees Record 2.8B Passenger Trips During 9-Day Spring Festival Holiday

Consumption

China’s Spring Festival Sees Consumption Rebound, Trade-In Programs and Service Spending Drive Growth

Consumption

Chinese Regions Pilot Spring and Autumn Holidays for Schools to Boost Service Consumption

Economy

Chinese Provinces Set “15th Five-Year Plan” Targets: Balancing Strategic Growth with Risk Mitigation

China’s Jan New Loan Growth Below Expectations with Household Loans Recovering, Overall Credit Growth Outperforms

PBOC

PBOC to Inject 1 Tn Yuan via Six-Month Reverse Repo, Ensuring Ample Pre-Holiday Liquidity

PBOC

China’s Monetary Policy to Stay Moderately Loose, RRR and Rate Cuts Depend on Preconditions, PBOC Report Shows

China’s Consumer Price Growth Slows in Jan, Factory-Gate Prices Decline at Slowest Pace since Aug 2024