China money markets calm ahead of health check, holidays

Shanghai

CHINESE money markets are approaching a quarterly health check of the country's banks and a week-long holiday with more placidity than usual, helped in part by increased cash supplies from government spending.

Chinese markets are closed all of next week for a National Day holiday. The banking system will also have its books inspected by the central bank at the end of this week as part of the quarterly Macro Prudential Assessment (MPA).