China Central Bank To Adjust Interest Rates On Mortgages
Portfolio Pulse from Benzinga Newsdesk
China's central bank is planning to adjust interest rates on mortgages, according to Reuters. This could potentially impact the real estate market and overall economy in China.
August 31, 2023 | 12:10 pm
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The adjustment of mortgage interest rates by China's central bank could potentially impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the largest companies in the Chinese stock market.
The adjustment of mortgage interest rates could potentially impact the real estate market and overall economy in China. As FXI tracks the performance of the largest companies in the Chinese stock market, any significant changes in the economy could potentially impact the performance of these companies and, consequently, the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75