China's Mega Banks Trim Deposit Rates as Stimulus Hits Profits [Yahoo! Finance]
INDUSTRIAL & COM UNSP/ADR (IDCBY)
NASDAQ:AMEX Investor Relations:
dictionary.com/browse/industrial
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Major banks including Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. trimmed the interest offered on one-year, two-year, three-year and five-year time deposits by 25 basis points, according to levels shown on their respective apps. Bloomberg News reported Tuesday that Chinese banks could reduce rates on 300 trillion yuan ($42.1 trillion) of deposits as soon as this week as the government's stimulus measures further squeeze profits. The lenders last lowered the rates in July. China last month unveiled its biggest package yet to shore up its sputtering economy, slashing policy rates as well as borrowing costs on $5.3 trillion in outstanding mortgages. The central bank also delivered the biggest-ever cut on the interest rate charged on its one-year policy loans and Governor Pan Gongsheng had said a reduction in deposit rates would follow. Chinese banks embarked on their deposit rate cut cycle in late 2022 with a broad-based
Show less
Read more
Impact Snapshot
Event Time:
IDCBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IDCBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IDCBY alerts
High impacting INDUSTRIAL & COM UNSP/ADR news events
Weekly update
A roundup of the hottest topics
IDCBY
News
- UnionPay International joins forces with industry players to optimize payment experience for international visitors to China [Yahoo! Finance]Yahoo! Finance
- China Banks Mull Cutting Deposit Rates as Early as This Week [Yahoo! Finance Canada]Yahoo! Finance Canada
- China Banks Mull Cutting Deposit Rates as Early as This Week [Yahoo! Finance]Yahoo! Finance
- Chinese Banks To Lower Rates On Existing Mortgages This Month [Barron's]Barrons
- Leveraged Bets on China Stocks Surge as Risk Appetite Grows [Yahoo! Finance Canada]Yahoo! Finance Canada