Interest rate hike rumors of China's housing market regulation or usher in blockbuster

China Economic network Beijing, September 10 (Wang Hongjuan) China's National Bureau of Statistics, which was scheduled to be held on September 13 for the data conference to be carried out suddenly to September 11, the unexpected change caused the foreign media and a number of agencies to speculate.　　The Chinese central bank is rumoured to have raised interest rates for the first time in three years since Saturday. The PBoC has not raised interest rates since December 2007. China's benchmark renminbi one-year deposit rate is only 2.25%, below the official July consumer Price index of 3.3%, which means China is still at real negative interest rates.　　Many economists point out that overly loose monetary policy is an important reason for the continued rise in house prices in China, and it makes government regulation hard to work. Although the Chinese government has introduced a series of housing regulation policies since the beginning of this year, the rise in house prices is still hard to contain.　　Home sales in 70 cities in China rose 9.3% per cent year-on-year in August and 10.3% in July, according to data released today by the National Bureau of Statistics. Bloomberg reported that the National Bureau of Statistics, in an e-mail sent to the news agency yesterday, said that the date of August's major economic data had been released from the original September 13 to September 11. There is no explanation for this in the mail.　　At present, the press has not been able to contact the NBS spokesman to comment. Many investors speculate that the advance is to provide time for the PBOC to raise interest rates this weekend. If the NBS publishes data in Monday, the central bank's interest rate hike will be postponed to next week, which could have a bigger impact on the market. Bloomberg's report says the choice to raise interest rates over the weekend seems to have become a practice for the PBoC.　　If this interest rate hike is finally confirmed, China's housing market regulation will usher in a blockbuster.　　A forecast survey by Bloomberg of 31 senior economists showed that the Chinese consumer price index could rise to 3.5% in August, well above the current one-year deposit rate of RMB 2.25%. Starrock Investment Management, the star Stone Investment Management company, reported last week that ultra-low interest rates were the underlying cause of continued high housing prices in China, and that the continued low interest rate policy was one of the reasons why the Chinese a-share market was struggling to rise, Because the stock market is also one of China's macro-control policy tools, the sharp rise in the stock market may increase China's inflationary pressure. Since the start of the year, China's benchmark Shanghai Composite Index has fallen by 19% per cent so far.