Category: Money Tips Date: 2006-09-11
The first rate hike
93 May 14, Friday (the day before the announcement)
The Shanghai Composite Index opened 1180 high 1201 low 1161 points, down 10 points to close 1167 turnover of 499 million decline 0.83%
93 May 15, Saturday
The approval by the State Council, the PBC decided to raise the yuan deposit, lending rates, deposit interest rate of all grades an average increase of 2.18 percentage points, the lending rates an average of 0.82 percentage points.
93 May 17, Monday
The Shanghai Composite Index opened 1162 points (Tiaokongdikai 5-point, opening point and that is the highest point of the day) the lowest 1097 close 1140 up 1162 down 27 points, 2.35 percent decline in turnover of 333 million
The second interest rate increase
93 July 9, Friday (the day before the announcement)
The Shanghai Composite Index opened 896 points, the highest 896 lowest 865 closed down 868 points, 28 fell 3.08 percent turnover of 232 million
93 July 11, Sunday
The central bank to raise interest rates again, one-year deposit rate by 93 May 15 9.18% upwards to 10.98%, the interest rate increase of 19.61%, 2nd year raised interest rates reveals a preliminary macro-control policies.
93 July 12, Monday
The Shanghai Composite Index opened 855 points (Tiaokongdikai 13 points, opening point and that is the highest point of the day) 855 minimum 828 maximum 845 down 23 points to close 2.65 percent decline in turnover of 533 million
First and second rate hike (May 15, 1993, July 11): the central bank to raise interest rates two measures, one-year deposit rate from 6.3% to a 9.15%. These two interest rates, making Shanghai Composite Index in the next 3 months time, a rapid decline from 1392 points to 777 points, fell to 44.2%.
The third hike
October 28, 2004, Thursday (the day after the announcement closing messages)
The Shanghai Composite Index opened 1341 high 1357 low 1337 points, down 1 point to close 1342 turnover of 12.3 billion decline 0.08%
October 28, 2004, Thursday
18 points the entire night, the central bank decided to raise the deposit and lending rates, one-year deposit and lending rates were raised 0.27%, and widened the yuan's floating range of lending rates, allowing the RMB deposit interest rate to float downward.
October 29, 2004, Friday
The Shanghai Composite Index opened 1317 points (Tiaokongdikai 25 points) maximum 1337 Low 1304 Close 1321 fell 1.58% or 21 o'clock closing 11.3 billion
The third hike (October 29, 2004): one-year deposit and lending rates were raised 0.27%. The Shanghai index is at 1342 points, the day has fallen by 1.58%, after correction of the 7, before moving ahead after rebound, but then re-entry or transit. The Shanghai Composite Index all the way down, the minimum to 998.23 points.
The fourth rate hike
April 27, 2006, Thursday (the day after the announcement closing messages)
The Shanghai Composite Index opened 1419 points, the lowest 1407 close 1417 up 1424 down 0.7 points, 0.05 percent decline in turnover of 21.2 billion
April 27, 2006, Thursday
18 points the entire night, the central bank decided to April 28, 2006 onwards raised the benchmark interest rate loans from financial institutions. Financial institutions, one-year benchmark lending rate by 0.27 percentage points, from the current 5.58% to 5.85%. Other lending rates were also adjusted accordingly. Financial institutions, deposit rates remain unchanged.
April 28, 2006, Friday
The Shanghai Composite Index opened 1403 points (lower open 14:00) Up to 1445 the lowest 1389 close of 1440 rose 23 points or 1.66% turnover 25.4 billion
The fourth rate hike (April 28, 2006): This hike is only raised lending rates, deposit rates remain unchanged, in the past three have also raised lending and deposit interest rates; this rate hike lending rates increase with the third the same, the same 0.27 percentage point. The Shanghai Composite Index continued to rise, to July 5, 2006 up to 1757 points, touching.
