Vi e w p o i n t | Xiangrong Yu AC +852-2501-2754 xiangrong.yu@citi.com See Appendix A-1 for Analyst Certification, Important Disclosures and Research Analyst Affiliations. 12 Dec 2025 08:00:30 ET │ 9 pages China Economics Watch January as a Potential Window for Rate/RRR Cut CITI'S TAKE Money and credit numbers for November provided limited new information on the economy towards the year-end. Government bond issuance remains the most important driver for new TSF with added quota. Household risk appetite sta ...