Amid rising anticipation that the US Federal Reserve will cut interest rates within the week, Chinese shares are likely to see improved liquidity in the short term while a long-term and sustainable rebound is still dependent on companies’ improving fundamentals, said experts. While major central banks — including the Bank of England and Bank of … Continue reading Fed action may boost A-share liquidity
Tag: rates
Big banks cut deposit rates to strengthen sector stability
This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China’s Jiangsu province. [Photo/Xinhua] Several major Chinese commercial banks cut deposit rates on Thursday, signaling a new round of deposit rate cuts that could pave the way for further reductions in policy benchmarks of lending rates to bolster economic growth, … Continue reading Big banks cut deposit rates to strengthen sector stability
Two new tools to guide interest rates
A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE The People’s Bank of China, the country’s central bank, has launched a pair of new tools to better guide market interest rates and ensure bond market stability, reinforcing its efforts to build a modern monetary policy system, experts said. The PBOC … Continue reading Two new tools to guide interest rates