BOC AND CCB READY TO GO PUBLIC
AsiaInfo Services, April, 2005
AsiaInfo Services 04-01-2005 BOC and CCB Ready to Go Public BEIJING, Apr 01, 2005 (SinoCast via COMTEX) -- Bank of China and China Construction Bank are above-par to go public and the central bank has not decided on raising interest rates, said the governor of People's Bank of China, Mr.
Zhou Xiaochuan recently. The comprehensive macroeconomic indicators are decisive to the adjustment of benchmark interest rates. The highflying interestrates will absorb more deposits in the banks, which is in conflict with the expansion of domestic demand. The benchmark interest rates are deemed to influence real estates, whose prices are likely to fluctuate in step with the interest rates.For now, the interest rates of the housing mortgage loan returnto the same level as the...
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