Money
Money
Markets, property, industry and personal finance — following where the money goes.
- A cut of 0.25 percentage points, effective at the start of next month
- Expected to release several hundred billion yuan in longer-term funds
- Main indices opened higher, with banks and property leading
The cut is expected to release several hundred billion yuan in longer-term funds. Main indices opened higher, led by banks and property.
Fourteen cities have adjusted housing provident fund rules this month, most of them aimed at first-time and upgrading buyers.
We put the same question to five advisers with more than a decade each in the job. They disagreed more than expected.
Subsidy details arrive next month. The trade expects a 20 per cent sales lift, with charging infrastructure the deciding factor.
The manufacturer says lines are being expanded and capacity could double next year. Several carriers will deploy the aircraft on regional routes first.
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