China Central Bank Increased Interest Rate
Chinese Central Bank increased interest rate on one-year deposit from 3.06% to 3.33%. At the same, it also cut tax rate on dividend of bank deposits from 20% to 5%.
By the noon time, Shanghai stock market index SSE is up by more than 2.5%.
By the noon time, Shanghai stock market index SSE is up by more than 2.5%.
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