ING predicts China may raise interest rates 2 times next year

Dutch international Group (ING) investment Management said that the second round of quantitative easing in the United States caused large inflows of hot money to Hong Kong, leading to higher asset prices in Hong Kong, the Hang Seng index is expected to be up to 31,000 points next year. On the mainland, ING predicts that the people's Bank of China will raise interest rates by 0.25% per two times before the first quarter of next year, in an effort to improve negative interest rates. It also predicts that next year China's domestic economic inflation will be more volatile, estimated before the spring festival inflation level is higher, the spring festival will gradually decline after easing, the government will use policy measures to maintain the CPI level of about 3%. (Sin Wen)