Global Market: PBOC keeps new overnight repo rate at 1.25%, pumps in 600 billion yuan

China’s central bank significantly boosted liquidity, injecting 600 billion yuan via overnight reverse repos, doubling Monday’s debut. This move aims to ease month-end funding pressures for banks. The People’s Bank of China maintained the borrowing cost at 1.25%, offering a new tool for fine-tuning short-term cash needs without altering broader monetary policy. This increased support…

Global Market: Financial firms shift Asia expansion focus to South Korea, take cautious stance on China and India

Global financial firms are increasingly prioritising South Korea for Asia-Pacific expansion while adopting a cautious approach towards China and India, an ASIFMA-KPMG survey found. Regulatory clarity, stable policies and capital market opportunities are driving investment decisions, as firms reassess regional strategies amid geopolitical risks and operational challenges.