"Reuters reported that the People,s Bank of China had told two commercial banks to lift their reserve capital by another 0.5% after an industry-wide 0.5% increase on january 18 aimed at curbing lending and a sharp rise in inflation"
My thoughts are this is because of the uncertainy of the impact of the AIM, OPTION A loans which are now looking to be refinanced (where are they going to get finance ??? )
China is being proactive and rightly so...
78
GBG Price at posting:
99.0¢ Sentiment: None Disclosure: Not Held
