PBOC released Q3 2026 loan allocation data. At end-Q3, domestic- and foreign-currency industrial medium- and long-term loans stood at 28.06 tln yuan, up 5.6% YoY, 0.9 ppt above overall loan growth; they rose 1.46 tln yuan in the first three quarters. Heavy-industry medium- and long-term loans were 23.63 tln yuan, +4.6% YoY; light-industry 4.43 tln yuan, +11.0% YoY. Services-sector medium- and long-term loans totaled 76.84 tln yuan at end-Q3, +6.2% YoY, 1.5 ppt above overall loan growth, adding 3

2026-10-28

PBOC released Q3 2026 loan allocation data. At end-Q3, domestic- and foreign-currency industrial medium- and long-term loans stood at 28.06 tln yuan, up 5.6% YoY, 0.9 ppt above overall loan growth; they rose 1.46 tln yuan in the first three quarters. Heavy-industry medium- and long-term loans were 23.63 tln yuan, +4.6% YoY; light-industry 4.43 tln yuan, +11.0% YoY. Services-sector medium- and long-term loans totaled 76.84 tln yuan at end-Q3, +6.2% YoY, 1.5 ppt above overall loan growth, adding 3.95 tln yuan YTD. Services excluding real estate rose 9.2% YoY; real estate medium- and long-term loans fell 5.6% YoY.

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2026-10-28

Markets largely expect the Bank of Canada to lift its policy rate by 25bp to 2.5% on Wednesday. Economists say the move aims to preempt potential spillovers from rising energy costs, notably gasoline and diesel; if implemented it would be the BOC's first rate hike since mid‑2023 and its first policy change in about a year. A 25bp increase would likely push up bank lending and mortgage rates and weigh on growth. Money markets price roughly a 77% chance of a 25bp hike. The BOC will announce its de

2026-10-28

Southbound flows net sold CNY 804m today. Shanghai-linked Stock Connect: Pop Mart and Yangtze Optical Fibre & Cable (YOFC) were net sold HK$655m and HK$258m; CNOOC was the largest net buy at HK$487m. Shenzhen-linked Stock Connect: Xiaomi Group-W and Tencent were net sold HK$123m and HK$88m; Zhipu was the largest net buy at HK$280m.