It is reported that People Bank of China issued a notice to raise reserve ratio by 0.25% again effective since February 24th 2011 estimating to freeze capital of CNY 350 billion. It is said that PBOC raising reserve ratio is to curb inflation.

Analysts said that securities market may suffer from this news and will open low in next week. However, control on property market may be more effective due to tightened capital.

(Sourced from MySteel.net)
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