A 15.8% rise in the M2 money supply in May and aggregate financing of over 1T yuan shows there...
A 15.8% rise in the M2 money supply in May and aggregate financing of over 1T yuan shows there is plenty of liquidity in China, state-controlled Xinhua news agency says in a commentary piece. Last week's credit crunch in the banking sector was therefore due to widespread speculative trading and shadow financing. The article confirms suspicions that the central bank, which let short-term lending rates hit record highs before intervening to ease the problem, wanted to send a warning as it looks to slow down the credit boom.
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs
Next headline on your portfolio: