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

|By:, SA News Editor

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.