Chinese Banks To Lower Rates On Existing Mortgages This Month [Barron's]
INDUSTRIAL & COM UNSP/ADR (IDCBY)
NASDAQ:AMEX Investor Relations:
dictionary.com/browse/industrial
Company Research
Source: Barrons
The move comes as Finance Minister Lan Fo'an is expected to announce further fiscal stimulus at a highly anticipated press conference in Beijing on Saturday. Chinese policymakers have unveiled a string of stimulus measures in recent weeks aimed at boosting an economy blighted by a years-long property sector crisis and chronically low consumption. The measures have included a suite of rate cuts and a loosening of rules on buying homes, but economists have said that more action is needed to pull the economy out of its slump for good. "Except for second mortgages in Beijing, Shanghai, Shenzhen and some other regions, the interest rates on other eligible mortgages will be adjusted" to no less than 30 basis points below the prime lending rate, the central bank's benchmark rate for mortgages, state broadcaster CCTV said. CCTV reported that major banks including the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank had an
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's Mega Banks Trim Deposit Rates as Stimulus Hits Profits [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
- Leveraged Bets on China Stocks Surge as Risk Appetite Grows [Yahoo! Finance Canada]Yahoo! Finance Canada