China Financial News Headlines

European Central Bank is likely to further cut interest rates in response to the deterioration of economic growth
According to UK “Financial Times” reported that, there are indications that the European Central Bank will soon reduce the euro interest rates. Because the growth prospects are sharply deteriorating and the inflation rate walks down substantially, they clear the way to ease monetary policy.

South Korea’s central bank injected 1.4 billion USD in financial industry
Central bank of Korea announced on Oct.14 that the bank had urgently injected 2 trillion won (about 1.4 billion USD) in country brokerage and asset management companies.

Central Bank of Japan once again injected capital to stabilize short-term financial markets
Central Bank of Japan once again on Oct.24 injected 600 billion yen (95 yens equal to 1 U.S. dollar) to alleviate the liquidity shortage of capital through open market operations. This is the second working day that bank injected in the market.

Swedish central bank again cut lending rates
Yesterday, the Central Bank of Sweden again cut down the lending rate for the second time within two weeks and promised to carry out similar adjustment within 6 months to prevent the decline in the domestic economy.

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