CHINA CENTRAL BANK: TO SELL 500 BLN YUAN OF ONE-YEAR MEDIUM-TERM LENDING FACILITY LOANS ON MARCH 25

China’s top anti-corruption body is investigating NFRA Vice Minister Zhou Liang for “serious violations of discipline and law,” a euphemism for corruption. The probe continues President Xi Jinping’s crackdown on the $69 trillion financial sector, targeting elite bankers’ misconduct. Zhou follows other high-profile cases, including former securities regulator Yi Huiman and Huarong Asset Management’s ex-chairman Lai Xiaomin, executed in 2021 for bribery.

ACEA: HYUNDAI FEB EU NEW CAR REGISTRATIONS FELL 3.4% ACEA: TOYOTA FEB EU NEW CAR REGISTRATIONS FELL 4.8%