China lowers funding costs with shift to overnight policy rate
Published . Updated .
China's central bank injected cash into the banking system on Monday, as it formally shifted its main policy rate to an overnight lending rate, a move analysts said would ease funding costs and support the economy.
Directly affected
- No company is named in this report.
Indirectly affected
- FXI iShares China Large-Cap ETF-5.0% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from China.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.1% 11d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from China.
- EEM iShares MSCI Emerging Markets ETF-0.3% 30d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes China
- BABA Alibaba Group Holding-8.2% 17d
Alibaba Group Holding (business services) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- NTES NetEase
NetEase (prepackaged software) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- JD JD.com-0.7% 8d
JD.com (retail stores) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FXI | -1.87% | -2.01% | base | after close | after close | after close | after close |
| CEWNo price data for this ticker | — | — | — | — | — | — | — |
| EMB | -0.61% | -0.30% | base | after close | after close | after close | after close |
| EMLC | +0.08% | +0.20% | base | after close | after close | after close | after close |
| EEM | +1.28% | +4.10% | base | after close | after close | after close | after close |
| BABA | +2.27% | +2.99% | base | after close | after close | after close | after close |
| NTES | +4.06% | -1.07% | base | after close | after close | after close | after close |
| JD | -1.89% | -1.03% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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China lowers funding costs with shift to overnight policy rate The Standard (HK)
Source: The Standard (HK)
Ishares China Large-Cap Etf (FXI) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Alibaba Group Holding (BABA) | three days earlier | +2.99% | final price |
| Alibaba Group Holding (BABA) | five days earlier | +2.27% | final price |
| Ishares Tr (EEM) | three days earlier | +4.10% | final price |
| Ishares Tr (EEM) | five days earlier | +1.28% | final price |
| Ishares Tr (EMB) | three days earlier | -0.30% | final price |
| Ishares Tr (EMB) | five days earlier | -0.61% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | +0.20% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | +0.08% | final price |
| Ishares China Large-Cap Etf (FXI) | three days earlier | -2.01% | final price |
| Ishares China Large-Cap Etf (FXI) | five days earlier | -1.87% | final price |
| JD.com (JD) | three days earlier | -1.03% | final price |
| JD.com (JD) | five days earlier | -1.89% | final price |
| NetEase (NTES) | three days earlier | -1.07% | final price |
| NetEase (NTES) | five days earlier | +4.06% | final price |
Congressional stock trades in Ishares China Large-Cap Etf (FXI)
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares China Large-Cap Etf (FXI)
Companies mentioned with this story
- FXI Ishares China Large-Cap Etf
Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “China lowers funding costs with shift to overnight policy rate.” Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)
- EMB Ishares Tr
In “China lowers funding costs with shift to overnight policy rate,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
In “China lowers funding costs with shift to overnight policy rate,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from China
- EEM Ishares Tr
Ishares Tr (EEM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “China lowers funding costs with shift to overnight policy rate.” Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes China
- BABA Alibaba Group Holding
Alibaba Group Holding (BABA) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “China lowers funding costs with shift to overnight policy rate.” Reason on file: Alibaba Group Holding (business services) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares
- NTES NetEase
For “China lowers funding costs with shift to overnight policy rate,” NetEase (NTES) is linked, with no stored direction, medium confidence. Reason on file: NetEase (prepackaged software) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares
- JD JD.com
JD.com (JD) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “China lowers funding costs with shift to overnight policy rate.” Reason on file: JD.com (retail stores) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares
- BIDU Baidu
For “China lowers funding costs with shift to overnight policy rate,” Baidu (BIDU) is linked, with no stored direction, medium confidence. Reason on file: Baidu (computer programming, data processing, etc.) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares
Ishares China Large-Cap Etf (FXI)
“China lowers funding costs with shift to overnight policy rate” (2 Nov 2026) reaches Ishares China Large-Cap Etf (FXI) through this story.
What ties Ishares China Large-Cap Etf (FXI) to the headline is this: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)
A second company, Ishares Tr (EMB), is listed for a different reason: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China
Dates in the story, and the Ishares China Large-Cap Etf (FXI) price range
EMB traded between 90.23 and 91.35 across 6 sessions. The latest close on file is 91.26. EMLC traded between 24.50 and 25.02 across 20 sessions. The latest close on file is 24.56. FXI traded between 32.14 and 34.36 across 20 sessions. The latest close on file is 33.13.
How strong the case is around Ishares China Large-Cap Etf (FXI)
46 out of 100
“China lowers funding costs with shift to overnight policy rate” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.