Now Is Good Time to Buy China's Sovereign Debt, Says BNP Paribas' Ji

The transcript discusses the current economic conditions and market entry timing, highlighting the potential for funding costs to decrease. It explores expectations for further easing by the PBOC and the favorable conditions in the interbank market. The discussion also covers the PBOC's strategy in defending the RMB's value against the USD, emphasizing a moderate approach to managing interest rates and FX policies.

What is the government's target regarding funding costs?

• To increase funding costs

• To maintain current funding costs

• To lower funding costs

• To eliminate funding costs

What is the PBOC expected to do in the remaining months of the year?

• Eliminate interest rates

• Increase interest rates

• Cut interest rates

• Maintain current interest rates

How does the PBOC plan to handle the RMB policy?

• By increasing the RMB value

• By maintaining a benign neglect approach

• By neglecting the RMB

• By aggressively defending the RMB

What level is the PBOC trying to defend in the FX market?

• Seven

• Six

• Five

• Eight

What dual strategy is the PBOC employing?

• Eliminating FX and maintaining funding costs

• Raising funding costs and neglecting FX

• Defending FX and lowering funding costs

• Increasing interest rates and defending FX