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More on the PBOC rate cut: It's the first reduction since the depths of 2008's financial crisis,...

  • Thursday, June 7, 2012, 7:42 AM ET
    More on the PBOC rate cut: It's the first reduction since the depths of 2008's financial crisis, and follows on the heels of China's banking regulator delaying for a year stricter bank capital rules. Beijing has also been seen fast-tracking previously tied-up infrastructure projects. Amidst a strong worldwide rally yesterday, shares in Shanghai fell 0.7%. The slowdown clearly has Beijing's attention.
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This news story has 3 comments:

  •  
    On the day of the 26th anniversary of Tiananmen Square incident, SH index lost 62.89, same as the date 6-2-89. The opening index has similar figure. Coincident or some victims cried out loud from above?
    7 Jun 2012, 11:12 AM Reply Like
  •  
    It was 64.89 in case you did not know, on June 04,the market opened at 2346.98. If you read it backward, it was 89.64 as well.

    Well, it is just speculation of the numbers. It may or may not have any meaningful meaning.

    Anyway, it does not impact the market at all. China will still open. As for what happened on June 4th of 89, it was a mistake made but the Chinese leader Deng Xiaoping. He is reformer but yet, he made huge mistake.

    Let's move on!
    7 Jun 2012, 01:42 PM Reply Like
  •  
    I made a typo with my memory. The no. has no meaning but just a number game or just pure coincidence that I find amazing.
    7 Jun 2012, 01:47 PM Reply Like
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