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Chinese developers: Weekly update

Name: 07/04/2023. Gazprombank: Chinese developers: Weekly update
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

07/04/2023 | Gazprombank

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The PBoC kept the 5Y Loan Prime Rate (LPR) unchanged at 4.3% on March 20, in line with market expectations. China’s February economic figures were mixed, with total aggregate financing and new loans coming in above expectations, while demand for household loans remained soft. Assuming no negative surprises in the March economic data, we believe that the PBoC will likely keep the 5Y LPR on hold on April 20.

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