if you are interested in it , Get free samples :sales@edabearings.com

The latest announcement of China Securities Finance Co., Ltd. has decided to reduce the transfer financing rate by 80 basis points (bp) as a whole since Thursday (8). Among them, the 182-day rate was reduced from 4.3% to 3.5%, the 91-day rate from 4.6% to 3.8%, the 28-day rate from 4.7% to 3.9%, and the 14-day and 7-day rate from 4.8% to 4%.
Securities companies said that the reduction of transfer financing rates is based on the level of interest rates in the capital market, which is conducive to reducing the financing costs of securities companies, promoting compliance funds to participate in market investment, and maintaining the stable and healthy development of the capital market.
CSI300 fell 0.4% to 3,621.43 on Wednesday and SSEC fell 0.3% to 2,768.68 on Wednesday, closing negative for the sixth consecutive day. Worries about escalating trade tensions between China and the United States persist.
China Securities Daily quoted Dong Dengxin, director of the Institute of Finance and Securities of Wuhan University of Science and Technology, as saying on Thursday, "The intention of this reduction in refinancing rate is clear, mainly to encourage margin trading, which will stimulate the demand for margin trading and will play a role in cushioning the recent market fluctuations."
However, he also pointed out that excessive speculation would cause losses in the case of uncertain market direction in the short and medium term. He suggested that small and medium-sized investors should be cautious to prevent adverse effects and volatility.

---

PREVIOUS:Suspicion of trade war drives Asian shares down        NEXT:Interim Provisions promulgated by the United States