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Analysts' speculation was aroused when some banks' executives held a meeting last week to discuss enlarging the cap on deposit rates to 1.4-1.5 times the one-year benchmark interest rate, up from the current 1.3-1.4 times.
An open world economy and steady global growth cannot be achieved without innovation. As the new round of technological revolution and industrial transformation is gaining momentum, we have seen constant breakthroughs in technology frontiers such as big data, cloud computing, the Internet of Things and artificial intelligence. Sophisticated industrial chain cooperation that defies national borders has become the prevailing trend. China would like to work with all interested partners in Asia and Europe to promote cooperation in scientific and technological innovation and the new economy, including in digital economy, smart cities, intelligent connected vehicles and other areas. Next year, China will hold a high-level dialogue on innovation-driven development. We look forward to your active participation and joint contribution to an open and innovative world.
Analysts expect Beijing to carry out what it planned in the first half of the year regarding its budget and government bond issuances.
And "if markets like this persist for many days or weeks, things could change," said Peter Crane, President & Publisher of Crane Data - Money Fund Intelligence.
Andrey Denisov
