3. Stocks rally
The rate cut helps improve market liquidity, which can lead to a positive momentum in the stock market. As a result, A shares rallied on Monday with benchmark Shanghai Composite Index up 1.85 percent and Shenzhen Component Index up 2.95 percent.
The intention is to lower market interest rates and private financing costs to help alleviate problems facing many enterprises, the central bank said in a separate statement after the interest rate announcement.
 |
|
A screenshot of the trend of Shanghai Composite Index on November 24, 2014. [Photo/sina.com.cn] |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
