Stay Long China Duration Near-Term, Says JPMorgan’s Pang

The video discusses China's lending rate policies, focusing on the benchmark lending rate's stability and the potential for interest rate easing. It explores the medium term lending facility as a new benchmark and its implications for the financial sector. The discussion includes the possibility of rate cuts and their impact on price action, emphasizing the asymmetry towards downside risks.

What has been the trend of China's benchmark lending rate in recent years?

• It fluctuates frequently.

• It has been increasing steadily.

• It has remained stable for quite some time.

• It has been decreasing rapidly.

What is the relationship between the MLF rate and the current lending rate?

• The MLF rate is unrelated to the current lending rate.

• The MLF rate is equal to the current lending rate.

• The MLF rate is lower than the current lending rate.

• The MLF rate is higher than the current lending rate.

How might changes in the MLF rate affect investment strategies?

• They could encourage long-term investments.

• They have no impact on investment strategies.

• They could discourage all forms of investment.

• They could lead to increased short-term investments.

Which interest rate indicator is still commonly referred to today?

• The benchmark lending rate

• The tripolar rate

• The MLF rate

• The seven-day repo rates

What is the potential impact of a decrease in the seven-day repo rates?

• It could stabilize the market.

• It could lead to a significant price increase.

• It could cause notable price reactions.

• It would have no impact on prices.