Source: Yiwu sourcing agent Author: Helan Date: 2008-05-29
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 interestrates 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 another point for the raised interests ,that is:Will the stock index rise or drop ? How is the tendency of stocks in banking sector ? Is it necessary to redeem the fund they ' ve bought ?" The raise of interests doesn't mean too much to me ,what I am much con cerned about is how the stock market will be . "said Mr Ma ,one of the businessman in Yiwu market . So far Mr Ma has invested most of his money in the stock market .
Prev:She dreams of living like others Next:Shuttle trucks serve as airliners between Yiwu and Shanghai