April, 17, 2014.
China’s interest-rate swaps fell by the most since June after the government said it will lower reserve-requirement ratios at some rural banks.
The cost of the one-year rate swap, the fixed payment needed to receive the floating seven-day repurchase rate, dropped 18 basis points to 3.86
April, 17, 2014.
China’s slump in property sales and construction is spurring speculation that the government’s four-year-old campaign of real-estate controls will start to crack.
Citigroup Inc. sees “targeted easing” including on home purchase restrictions, while Bank of America Corp. says smaller cities may see looser rules.
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