(Yicai Global) Nov. 14 -- China’s current interest rate variation is mild, said Liu Aihua, spokesperson for the National Bureau of Statistics of People’s Republic of China (NBS) at a press briefing today.
Liu said the variation of the current interest rate remains mild from the perspective of the interest rate of the central bank, the Shanghai Interbank Offered Rate (Shibor), or the status of small- and medium-sized enterprises (SMEs).
SMEs are still facing issues of difficult and costly financing despite some alleviation in recent years.
The treasury bond price has dropped dramatically since the beginning of October, which has pushed an uptrend in the treasury bond rate. The price of 10-year dominant contracts for treasury bond futures dropped further today by 0.4 percent while the yield rate of 10-year treasury bond active vouchers (170018.IB) climbed to over four percent, reaching a three-year high.