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The Philippine Stock Exchange suspended all trading on Tuesday, after the country’s president announced stricter coronavirus quarantine measures for Luzon, the northern island home to the capital Manila. -
The People’s Bank of China kept the one year medium lending facility (MLF) rate unchanged on Monday, contrary to market expectations.
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Asian equity indices were a sea of red on Monday, wiping out the gains from last Friday following the announcements of US and European stimulus packages. Primary market deal flow is almost non-existent, but bankers continue to pitch for business.
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In this round-up, the reserve requirement ratio cut in China went into effect on Monday, the country’s industrial output declined sharply in the first two months of the year, and the State Administration of Foreign Exchange lifted the cap on outstanding foreign debt of Chinese issuers.
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In this round-up, the central bank will lower banks' reserve requirement ratio on Monday, Chinese president Xi Jinping made his first visit to epicentre Wuhan since Covid-19 began, and the central bank and securities regulator promised more bond market reform.
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Deutsche Bank has hired Alexandra Yang from Nomura to lead its China sponsor coverage team.
