China's top central banker confirmed last week the intention to radically change the operations of the Peoples' Bank of China. Some have speculated this equates to an imminent QE, but that has nothing to do with the reform. We've seen this before. The issue is bank, not central bank.  Eurodollar University's Money & Macro Analysis BNP Implications of China's Impaired Transmission Mechanismhttps://docfinder.bnpparibas-am.com/api/files/f3e3ee55-9e19-455f-a1a6-08123581e2e9 SCMP Xi Jinping to China’s central bank: restart treasury-bond trade, after 2-decade hiatushttps://www.scmp.com/economy/china-economy/article/3256967/xi-jinping-chinas-central-bank-restart-treasury-bond-trade-after-2-decade-hiatus Pan Gongsheng's speech at Shanghaihttp://www.pbc.gov.cn/en/3688110/3688172/5188125/5379416/index.html https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.Sign up below:https://event.webinarjam.com/channel/rates