An Unexpected Financial Feast
"Bang!"A loud noise, and the door to the financial market was suddenly pushed open.Everyone turned around to see a figure in a suit, with a dignified air, striding forward.Yes, it was our central bank...
Historic Moment: Deposit Rates Drop to "1s", Preparing for "Zero Interest" Era
The era of "lying flat and earning interest" has come to an end.Banks have taken action to prevent any money from "earning while idle," driving down deposit interest rates!In the latest round of inter...
Fed Cuts Rates, Surprising Magnitude!
Just moments ago, at 2 a.m. on September 19th Beijing time, the Federal Reserve announced a rate cut of 50 basis points!After the rate cut, the target range for the federal funds rate is between 4.75%...
Cut Reserve Ratio, Interest Rates, Mortgages; Support Stock Market
Just moments ago, a super blockbuster news was announced.The central bank governor, Pan Gongsheng, at the press conference held by the State Council Information Office today (September 24, 2024) in th...
Navigating Peak Summer: China's Energy Transition Enters Systematic Era
The "big exam" for the energy industry is not over yet.After the beginning of autumn, the heat gradually fades, and the "peak-meeting summer" exam can finally come to a pause.This summer, high tempera...
Will Existing Mortgages Really Drop? To Encourage Spending, Banks May Suffer
I never expected that the place with the most spending power in all of China would also begin to cut back on expenses.In June of this year, the total retail sales of consumer goods in first-tier citie...