Saturday, November 20, 2010

China rise required reserve ratio

China government increase the RRR by 50 basis points aimed at strengthen the liquidity management and tighthening the banks' credit lending.

Uncertainties are ahead of us in the stock market. Maybe is time to reduce shareholding and hold cash. With the cash, we may be able to enjoy the "good cheap sales" after selling down due to market adjustment caused by portfolio readjustment by the big boy.

Good Luck!

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