China S Surprise Move and the People S Bank of China

The People s Bank of China: The People s Bank of China will relax the amount of reserves banks are required to hold, effectively freeing up $100 billion to lend, according to Wall Street Journal and Investors say China s surprise move Wednesday to juice up economic growth by easing monetary policy is likely to give the stock market a shot of energy after it has floundered so far this year, and likely to support the country s vast bond markets too. Chinese shares are highly sensitive to the... (news.financializer.com). As reported in the news.