UNDATED, July 22: Hong Kong and China shares fell on Monday, as mid-sized Chinese banks underperformed after Beijing scrapped the floor on lending rates as investors bet on the ability of their ‘Big Four’ rivals to better withstand rate reforms in the short term.
But losses came in weak volumes in both markets, suggesting the move was not seen as a major game-changer since the People’s Bank of China left the key deposit rate ceiling unchanged.
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