I don't think the jump is mainly caused by the revaluation of RMB. The main reason, I believe, is that commercial banks are tempted to put money in the inter-bank market where potential risks are lower than lending.
I don't think the jump is mainly caused by the revaluation of RMB. The main reason, I believe, is that commercial banks are tempted to put money in the inter-bank market where potential risks are lower than lending.
For companies, they can shift a bit to issue short-term bonds with a maturity of less than one year on the inter-bank bond market for lower financing costs.
© 2020 Inspirational Stories
© 2020 Inspirational Stories