People's Bank of China cuts its pledged supplementary lending rate and expands targeted lending support
Question
People's Bank of China cuts its pledged supplementary lending rate and expands targeted lending support
Direct answer
Supports CNY funding conditions and property-linked equities while easing pressure on China duration-sensitive assets; the policy impulse is also positive for commodities tied to construction activity.
- Original publisher
- Market Ontology
- Evidence through
- 2026-09-29
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “People's Bank of China cuts its pledged supplementary lending rate and expands targeted lending support”, revision 1, evidence through 2026-09-29. https://marketontology.com/market-events/2026-09-29/people-s-bank-of-china-cuts-its-pledged-supplementary-lending-rate-and-expands-t-261ad6
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| CNY | easier liquidity and lower policy rates typically weaken the currency relative to peers | Down1-5d | PBoC cut the PSL rate and added 700 billion yuan of targeted lending support |
| FXI | more policy support lifts large-cap China equities, especially domestic-demand and property-sensitive names | Up1-5d | the move was explicitly aimed at reviving domestic demand and stabilizing the property market |
| TIGR | easier liquidity and policy support can improve risk appetite for China-listed equities and brokers | Up1-5d | the PBoC added targeted lending support alongside the rate cut |
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| FXI | Updisagreed | 33.86 2026-09-29 | +0.47% | -0.27% | Pending |
| TIGR | Updisagreed | 4.55 2026-09-29 | +0.88% | -0.66% | Pending |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
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