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CHINESE HIKE KEY RATE: China's central bank will increase its reserve ratio for commercial banks to 16.50%, it announced on May 12. The People's Bank of China said the higher rate--a half percentage point gain--will be effective on May 20.

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The information provided herein is for general informational purposes only and should not be construed as anything other than the views of SPARX Investment and Research, USA, Inc. and the SPARX Group. Every investor should assess the appropriateness of the content herein with due consideration of his or her own unique situation The contents of this website is in no way intended to provide personalized investment planning, legal or tax advice for any individual(s). While the information contained herein has been procured from what are considered to be trustworthy sources, the SPARX Group cannot guarantee the correctness, comprehensiveness or consistency of the data or investment trends cited.

The information cited herein may showcase any number of views and opinions on macro-economies, securities markets or certain companies and industries based on varying methods of analysis and research. Therefore, specific views and opinions may vary depending on the method of analysis and research. Further, the SPARX Group and/or its affiliated companies may express or publish views and opinions that vary from the views and opinions contained in the material on this website. It is important to note the SPARX Group may invest in ways contrary to the views and opinions expressed on this website.

Asia Investment Intelligence is the property of SPARX Investment & Research, USA, Inc. This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security that may be referenced on or through this website. We accept no liability whatsoever for any direct or consequential loss arising from any use of this report or itscontents. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here, including statistics, data and estimates from outside sources, is reliable, but such information has not been verified by SPARX Group employees or representatives and therefore, we do not warrant itsaccuracy or completeness. References to specific securities and their issuers are for illustrative purpose only and are not intended to be, and should not be interpreted as investment advice or, a recommendation, offer or solicitation for the purpose or sale of any financial investment. No part of this material may, without the SPARX Group’s prior written consent, be copied, reproduced or published by any recipient for any purpose.