PBoC's Lending Rates: The People's Bank of China has kept its benchmark lending rates at historic lows for the seventh consecutive month, with the one-year Loan Prime Rate at 3.0% and the five-year LPR at 3.5%, indicating a cautious approach as the year ends.
Market Reactions: Following the PBoC's decision, the Shanghai Composite rose 0.6% and the Shenzhen Component climbed 1.1%, marking a four-session rally to a two-week high, while the offshore yuan remained stable around 7.04 per dollar.
Policy Tools: The central bank also maintained its seven-day reverse repo rate at 1.4%, which is now the primary policy tool for managing liquidity in the market.
Investor Sentiment: Investors are assessing the implications of the unchanged loan prime rates, with various ETFs related to Chinese markets being highlighted for potential opportunities.
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 39.340
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Averages
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Current: 39.340
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Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
