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Public Housing Fund raises mortgage loan rates Bank official justifies "appropriate" lending rate rise BEIJING, April 28 (Xinhua) -- People's Bank of China assistant governor Yi Gang said Friday the new modest rate increase on bank loans was appropriate, helping to keep the economy growing on a fast, stable track. Full Story Interest rise 1st step in curbing overheated investment: Stephen Roach HONG KONG, April 28 (Xinhua) -- China's announcement of interest rate rise Tuesday is clearly the first of a number of additional steps to curb an overheated investment, Managing Director and Chief Economist of Morgan Stanley, Stephen S. Roach, said Friday. Full Story Chinese shares close higher despite interest rate hike BEIJING, April 28 (Xinhua) -- Strong performance of shares of banking firms and bellwether Sinopec helped Chinese stock markets close higher on Friday despite the interest rate hike. The Composite Stock Index on the Shanghai Stock Exchange, whichcomprises mainly yuan-denominated A shares and foreign-currency B shares, closed at 1440.22 points, up 1.66 percent, the highest since it hit 998 points last June. Full Story Rate increase targets real estate market BEIJING, April 28 -- The real estate market may be the main target of the interest rate rise this time as prices have been climbing in some areas and the sector relies heavily on the banking industry. Full Story China hikes loan rates amid fast growth BEIJING, April 27 (Xinhua) -- China on Thursday announced a 0.27 percentage points hike in the benchmark one-year loan interest rate, according to a central bank statement, as part of its efforts to curb an investment binge and prevent economic overheating. Full Story Central bank turns the screws on investment BEIJING, April 28 (Xinhua) -- China's central bank moved
to avert an overheating by raising the base interest rate on lending by 0.27
percentage points from 5.58 percent to 5.85 percent on Friday, clearly signaling
to investors to slow down. Full Story HK welcomes mainland rate rise HONG KONG, April 28 (Xinhua) -- Head of Hong Kong's monetary authority Friday welcomed the decision made by the Chinese central bank to raise lending rates, believing it will help reduce over-investment and production. Full Story China posts 0.27 percentage points hike of loan interest rate BEIJING, April 27 (Xinhua) -- China on Thursday announced a 0.27 percentage points hike in the benchmark one-year loan interest rate, according to a central bank statement, as part of its efforts to curb an investment binge and prevent economic overheating. Full Story Chinese govt moves to cool economic growth BEIJING, April 27 (Xinhua) -- China's economic watchdog is moving to
slow economic growth after recording a rise in fixed assets investment of almost
30 percent in the first quarter. The National Development and Reform Commission (NDRC) has urgedlocal governments to tighten controls on land use and lending to prevent investment rising too rapidly. Full Story Industrial watchdog predicts steel price will continue to rise NDRC
predict that steel prices will keep rising steadily in the second quarter of
this year. A report conducted by the Price Monitoring Center of NDRC said steel
prices in the domestic market witnessed a slight drop before a steady increase
in the first quarter of this year. The report said the price of panel steel rose to 5,895 yuan per ton
at the end of March, up 8 percent on the early part of this year. Full
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