|Day's Range||12.14 - 12.24|
|52 Week Range||9.40 - 12.99|
|PE Ratio (TTM)||6.20|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
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.
A small majority of traders in China's financial markets think its central bank will likely raise short-term interest rates this week if the U.S. Federal Reserve hikes its key policy rate, as widely expected, according to a Reuters poll. The People's Bank of China (PBOC) surprised markets in mid-March by raising short- and medium-term interbank rates hours after the Fed raised overnight borrowing costs. The move prompted some analysts to speculate the PBOC had decided to "synch" its moves with those of the U.S. central bank in a bid to reduce persistent depreciation pressure on the yuan currency against the dollar and discourage capital outflows.