China Financial News Headlines

Fan Gang: China will not cut the interest rate but may loose mortgage and commercial loan
Leader of National Economic Research Institute, Fan Gang said that considering the current inflation, there was little space to adjust the monetary policy. However, to loose the mortgage and commercial loan was quite viable to the credit from small enterprises. Moreover, he said China would probably expand the scope of the export tax rebate.

Real Estate Policy will probably be loosen at the End of this Year
Recently, the real estate market appears abnormal decline, while the housing prices begin to be involved into the quagmire. So the experts expressed their opinion on when would untie the real estate industry. Moreover, they predicted that “9 • 27″ second mortgage policy may be adjusted at the end of this year or in the early of next year.

CEEMA proposed to adjust the real estate market policy and put forward four measures
As to the China real estate condition, China Real Estate Enterprises Management Association (CEEMA) recently sent a letter to Ministry of Housing and Urban-Rural Development of People’s Republic of China (MOHURD), this letter required to adjust current tightening control policy in real estate, which pointed out the real estate market prices and decreased trading volume would influence on the national economy in two sides, so it proposed a “rescue” with four measures.

Other News:

Latest Market Analysis from well-known Institution: Domestic Steel Prices continue to decline
According to well-known domestic iron and steel information institution, the domestic steel prices continue the trend of sharp decline in the last week (Sept. 19-26), which created the new low since April this year.

EU plans to revise Banking Laws and Regulations to avoid the repeated Financial Crisis
The European Union put forward a legislative proposal on October 1, 2008 to amend the existing EU banking regulations, strengthen bank capital requirements, and enhance cross-border supervision so as to avoid the current financial crisis appearing in the future.

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