Skip to main content
logo
  • Products

    Funds

    • Performance & Yields
    • Liquidity
    • Ultra-Short
    • Short Duration
    • European Domiciled Product Offering

    Solutions

    • Cash Segmentation
    • Separately Managed Accounts
    • Managed Reserves Strategy

    Fund Information

    • Regulatory Updates
  • Insights

    Liquidity Insights

    • Liquidity Insights Overview
    • Audio Commentaries
    • Case Studies
    • Leveraging the Power of Cash Segmentation
    • Cash Investment Policy Statement
    • China Money Market Resource Centre

    Market Insights

    • Market Insights Overview
    • Eye on the Market
    • Guide to the Markets
    • Market Updates
    • ESG Explained

    Portfolio Insights

    • Portfolio Insights Overview
    • Currency
    • Fixed Income
    • Long-Term Capital Market Assumptions
    • Sustainable Investing
    • Strategic Investment Advisory Group
  • Resources
    • MORGAN MONEY
    • Global Liquidity Investment Academy
    • Account Management & Trading
    • Multimedia
    • Announcements
  • About us
    • Diversity, Equity & Inclusion
  • Contact us
  • English
  • Role
  • Country
  • MORGAN MONEY LOGIN
    Search
    Search
    Menu
    You are about to leave the site Close
    J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
    CONTINUE Go Back
    1. China: Implications of additional monetary stimulus for cash investors

    • LinkedIn Twitter Facebook

    China: Implications of additional monetary stimulus for cash investors

    02-03-2020

    Aidan Shevlin

    Andy Chang

    In Brief

    • The Chinese government and central bank unveil further measures to minimize the economic impacts of the COVID-19 outbreak. This includes additional cuts across multiple key rates (medium term lending facility and loan prime rate).

    • The interventions helped ensure market stability with repo rates trading in a narrow range. Meanwhile, Shibor yield trended lower and the yield curve steepened.

    • The outlook for Chinese corporate issuers remain uncertain. Whilst the stimulus measures will help mitigate short term financial stress and slow down the pace of bond defaults; in the longer term, as emergency measures are unwound, the negative implications of slower economic growth will reemerge.

    • Cash investors should remain focused on preserving cash, ensuring it remains liquid and secure. Continued monitoring and analysis of counterparty credit fundamentals also remain important. Solutions that provide higher liquidity, lower duration and stronger credit quality will be better positioned to weather the current uncertainty.

    Download the full PDF

    EXPLORE MORE INSIGHTS

    China Money Market Resource Centre

    Combining global expertise with local knowledge and resources to help you navigate this complex and rapidly evolving market.

    Learn more

    Liquidity Insights

    View original research, reports and commentary from our portfolio managers, analysts, economists, and traders.

    Learn more

    Case Studies

    Read about companies with specific cash management challenges and the solutions when they worked with J.P. Morgan Asset Management.

    Learn more

    0903c02a82818bd2

    J.P. Morgan Asset Management

    • Investment stewardship
    • About us
    • Contact us
    • Privacy policy
    • Cookie policy
    • Binding corporate rules
    • Sitemap
    • Regulatory Updates
    Decorative
    J.P. Morgan

    • J.P. Morgan
    • JPMorgan Chase
    • Chase

    READ IMPORTANT LEGAL INFORMATION. CLICK HERE >

    The value of investments may go down as well as up and investors may not get back the full amount invested.

    Copyright 2023 JPMorgan Chase & Co. All rights reserved.