日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Volatility in stock market expected

By Jin Jing (China Daily)
Updated: 2007-05-21 08:48

The central bank's renewed efforts to curb the inflow of speculative capital into the stock market are expected to create volatility in the short term, investment experts said.

The People's Bank of China announced a series of monetary and exchange rate policies on Friday amid worries the mainland stocks are surging to dangerous new highs.

The central bank raised banks' reserve ratio by 0.5 percentage point to 11.5 percent, effective June 5. It also raised the one-year deposit rates by 27 basis points and lending rates by 18 basis points.

The daily interbank trading band of the renminbi exchange rate against the US dollar is widened from 0.3 percent to 0.5 percent from today.

Economists and analysts, however, said the measures are too mild to cool down the market, which is flush with liquidity.

But they are expected to have a negative impact on market sentiment.

"We don't view any of these announcements as a significant policy adjustment. The first two are simply the latest in a long line of gradual moves aimed at keeping liquidity and real interest rates stable," said Jonathan Anderson, chief economist of UBS Asia.

"The current hike could also be seen as an attempt to send a mild message to the domestic equity market to cool down," he added.

"We expect the stock market to fall next week and if it proves resistant, Beijing could continue with many more follow-up moves," said Stephen Green, senior economist of Standard Chartered.

Chen Weiran at Guotai Jun'an Securities said the upward trend will continue in the near future, accompanied by great price volatility.

"The widening of the renminbi trading band is expected to raise investors' expectations of currency appreciation, which will attract inflows of capital," he said, adding that the interest rate hike will have a negative impact on banking and real estate stocks.

The hike follows comments from Zhou Xiaochuan, governor of the central bank, who reportedly said last Thursday that the government will consider using monetary policy and other instruments to maintain economic stability.

The government has also taken a series of measures to curb heated stock trading before the interest rate hike.

The China Securities Regulatory Commission recently renewed warnings to new investors about the high risks in the market and strengthened checks on irregular trading.

The China Banking Regulatory Commission eased restrictions on qualified domestic institutional investors, allowing commercial banks to invest in overseas stocks.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 国产免费一区二区三区最新不卡 | 国产视频网站在线观看 | 日本成人综合 | 欧美人成在线 | 日韩国产在线播放 | 色哟哟一一国产精品 | 极品销魂美女一区二区 | 欧美日韩一区二区三区 | 四虎影院在线免费 | 国产一二区在线观看 | 亚洲精品国产91 | 国产成人精品免高潮在线观看 | 欧美激情视频一区二区 | 精品国内自产拍在线观看视频 | 亚洲第九十九页 | 免费一级片视频 | 色狠狠综合 | 噼里啪啦国语在线观看策驰24 | 黄色大片黄色大片 | 国产精品99久久久久久宅男 | 亚洲精品视频在线播放 | 国产精品传媒在线观看 | 6080成人| 天堂中文在线观看视频 | 麻豆一区二区99久久久久 | 免费特黄视频 | 亚洲天堂成人在线 | 97蜜桃网 | 国产在线视视频有精品 | 花房姑娘第四季在线观看免费 | 成人日韩在线 | 国产另类视频 | 欧美午夜理伦三级在线观看 | 日韩一区二区免费在线观看 | 超碰自拍 | 第一av | www成人免费视频 | 向日葵污视频 | 日韩一级黄 | 日本精品久久久久 | 视频在线观看91 |