|Day's Range||3.810 - 3.850|
|52 Week Range||2.920 - 4.080|
|PE Ratio (TTM)||6.42|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||4.54|
As China's blue-chip stocks raced to an 18-month high after they were included in a global benchmark for the first time this week, a quiet announcement from the country's central bank slipped past most ...
China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Federal Reserve's key policy rate. The People's Bank of China (PBOC) did not explain its rationale for keeping rates unchanged, after it followed a Fed hike within hours in March. Markets had been divided over whether the PBOC would raise short-term rates again in lockstep with the Fed, with those in the "hold" camp noting that China's short-term money rates and bond yields have already been trending higher.
China's central bank is asking lenders in Shanghai for information on how recent regulatory tightening is effecting their lending and credit quality, two people with direct knowledge of the matter said on Wednesday. The recent request is in addition to information Chinese banks must provide for the central bank's quarterly risk assessment, known as MPA. Banks in Shanghai recently received a notice from the People's Bank of China (PBOC) asking them to provide the current size and industry distribution of their loan portfolio and report on how new loans in 2017's first half compared to a year earlier, the two said.