OCT 2007 CIB--China International Business

CIB--China International Business

Last month, while the rest of the world scrambled to add liquidity to markets that were squeezed by the US sub-prime mortgage crisis, the Chinese government was just as actively fighting volatility spurred by excess liquidity in its domestic markets. The People's Bank of China (PBOC) raised interest rates for the fifth time this year, jacking up the one-year lending rate from 7.02% to 7.29% and the one-year deposit rate from 3.60% to 3.87%, as well as increasing the reserve requirements for domestic banks.



※The mutual funds have changed the landscape of the Chinese stock market,§ said ... money supply , and a lack of transparency for institutional investors. ...
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