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The U.S. Fed interest rate hike and.....>

CHINA PRESS
CHINA PRESS: The U.S. Fed interest rate hike and the PBOC's OMO rate hike have
no major short-term impact on China's stock and property markets, Securities
Daily said in a commentary Friday. 
- Should China's money market or benchmark interest rates rise further in step
with a possible faster pace of more hikes by the U.S. Fed, the stock and
property sectors will face more headwinds;
- The PBOC may very likely further boost interest rates given the low benchmark
interest rate; 
- A possible benchmark rate hike hurts the property market by adding financing
costs for developers and reducing home buyers' desires to purchase.

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