China C. Bank Says Rate Floor For Second-Home Purchase Adjusts To No Lower Than LPR Plus 20 Basis Points
Portfolio Pulse from Happy Mohamed
China's central bank has announced that the rate floor for second-home purchases will be adjusted to no lower than the Loan Prime Rate (LPR) plus 20 basis points.
August 31, 2023 | 12:24 pm
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NEUTRAL IMPACT
The adjustment in the rate floor for second-home purchases in China could impact the iShares China Large-Cap ETF (FXI), which has exposure to the Chinese real estate market.
The adjustment in the rate floor could potentially affect the real estate market in China, which in turn could impact the performance of the iShares China Large-Cap ETF (FXI) due to its exposure to large Chinese companies, some of which are in the real estate sector.
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