Year-end rate rise is seen

Article Abstract:

China's central bank is confirmed to be keen on reducing interest rates by the end of the year. The move follows the first round of cuts on October 23 when the People's Bank of China reduced base lending rates to domestic financial institutions by an average of 1.5 percentage points and deposit rates by 1.1 percentage points. Chinese officials, however, are worried that the government may not be able to re-employ the millions of people made jobless by state enterprise reform.

Commercial Banking, Loan Interest Regulation, State commercial banks, State Banks, Deposit Interest Regulation, Economic aspects, Interest rates, Government regulations, Banking law, People's Bank of China

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China hopes to shore up pension program

Article Abstract:

China plans to collect partial proceeds from initial public offerings of state enterprises in an attempt to raise money for it's almost bankrupt pension system. 10% of proceeds from IPOs will go to the Ministry of Finance for the national pension fund.

Pension & Benefit Regulation, Finance, Pensions, Pension funds, Going public (Securities), Initial public offerings, China. Ministry of Finance

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Manipulation machinations

Article Abstract:

China's regulators are looking to repress companies who are partaking in share price manipulation without damaging the market and weakening demand in the process. Currently, average price-to-earnings ratios are approximately 60.

Securities & Commodities Regulatn, Securities prices, Laws, regulations and rules, Prices and rates, Securities, Manipulation (Securities)

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