Seeking Alpha

More on the PBOC: The bank's official statement (translated by Google). The PBOC also lowered...

More on the PBOC: The bank's official statement (translated by Google). The PBOC also lowered the floor for lending to 70% of the benchmark rate from 80% before. The move is another slight lessening in state control over what banks may lend at. Maybe a welcome opening, but not necessarily great for bank profits in the short run. If you own most Chinese ETFs, you own the banks.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)