"People’s Bank of China slashed its one-year deposit and lending rates by 25bps
and 31bps respectively just a month after it cut interest rates by 25bps. Beijing also announced further easing of interest rates, with banks expected to
lower lending rates by as much as 70% against benchmark rates." Further expectations are for the bank RRR (required reserve ratio) to be cut by another 50bps in 3Q 2012. (Source: The EDGE)
All these measures would serve to improve liquidity, helping businesses and consumers gain easier access to cheaper loans. As Capitaland has a significant presence in China, improving liquidity in the country will only benefit its projects over there.
Capitaland's share price has been climbing steadily higher on the back of higher volumes. This has attracted the attention of bulls and bears alike. Yes, undoubtedly. Although bulls are enjoying the ride, at the first sign of weakness, bears would rush ......