The Central Bank of China(CBC) announced that China would raise the prime ratio of deposit & loan since May 19 . This is the second time that China has raised its interest rates this year.
However ,no transfer-deposit upsurge hit banks after the raise of interests . At 10 a.m. May 19th,the journalist saw the big screen showing the list of new interest rates of deposit and loan in the hall of Industrial & Commercial Bank of China,
which is located on the first floor of the Time Square . There were not too many citizens coming for transferring deposit business after the raise of interests,explained by the bank staffs .
People’s concern is on the stock market .“I’ve got calls from more than ten customers ”, said Mr. Zhou,the department manager of Yiwu Local Branch , Guosen Bank . According to what they asked on the phone , it shows that people in Yiwu are
rather concerned about the influence to funds and stocks . Many people focus on point for the raised interests ,that the stock index rise or drop ? How tendency of stocks in banking sector necessary to redeem the fund they bought ?“ The raise of interests doesn mean too much to me ,what I am much cerned about is how the stock market be . ”said Mr Ma ,one of the businessman Yiwu market . So far Mr Ma has invested of his money in the stock market .
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