ll improve the mechanism of the loan prime rate－the price of loans banks offer to their best clients－and use the mech
anism as the reference rate for business and household loans. The move was broadly seen as China’s effort to give th狗亚体育下载链接ios千花坊女神会所
e market a greater say in setting prices and to lower the real interest rate for companies.
狗亚体育下载链接ios千花坊”The rate reform will help reduce borrowing cost for companies so that they can expand investment and
production. It will also help improve corporate profitability,” said Yu Ke, an analyst at Guoyuan Securities.
The central authorities’ decision to support the development of Shenzhen also boosted the pric狗亚体育下载链接ios千花坊女神会所
es of technology companies on Monday as Shenzhen is the home of many high-tech and innovative firms.
The guideline also said that it will explore the registration-based initial p
狗亚体育下载链接ios千花坊ublic offering system on the startup board in Shenzhen and will support the city in car
rying out foreign exchange reform and accelerate the internationalization of the renminbi.
Ma Tao, an analyst at Caitong Securities, said that investment opportunities could emerge from technology sectors includ狗亚体育下载链接ios千花坊
ing 5G, artificial intelligence and life science as the guideline from the central authorities will help strengthen Sh
enzhen’s advantage as the leading technological and innovation hub for the country.狗亚体育下载链接ios千花坊女神会所
An index that tracks major securities brokerages also soared by 6.9 p
ercent on Monday as investors believed that a market rally will benefit securities firms.
狗亚体育下载链接ios千花坊The securities regulator has expanded the number of stocks qualified for the margin
trading and short selling business of the securities brokerage and has relaxed margin financing rules. The deci
sion became effective on Monday, which also helped lift the stock prices of securities firms.狗亚体育下载链接ios千花坊女神会所
Many young people in Hong Kong seem to have misunderstandings about the Chinese mainland and the United States.
No matter how noble an individual goal is, the collective outcome could be exactly the opposite of what each individual wa
nted. When I taught social decision theories, my students often could not believe thei狗亚体育下载链接ios千花坊女神会所
r eyes that collective decisions are necessarily dictatorial, even under very minimal assumptions. That is an implic
ation of the Arrow’s impossibility theorem developed by Nobel laureate Kenneth Arrow.