Chinese shares open slightly higher on interest rates cut

Special Report:Global Financial Crisis

BEIJING, Dec. 23 (Chinese media) -- Chinese shares opened slightly higher Tuesday,

on the central bank's cut on loan and deposit rates by 0.27 percentage points

Monday, effective Tuesday.

It was the fifth time the People's Bank of China, the central bank, has cut

rates since September this year, the latest move to buoy the economy.

The benchmark Shanghai Composite Index, which covers both A and B shares,

gained 0.12 percent, or 2.29 points, to 1,990.05 at the opening.

The smaller Shenzhen index was up 0.21 percent, or 15.07 points, to open at

7,310.19 points.

China cuts interest rates, reserve

requirement ratio to spur growth



BEIJING, Nov. 26 (Chinese media) -- China's central bank has decided to slash the

lending and deposit rates by a bigger-than-expected 1.08 percentage points as of

Thursday in the latest strong effort to stimulate the economy.

The People's Bank of China (PBOC) said on Wednesday it

would cut the benchmark one-year yuan lending rate to 5.58 percent from 6.66

percent and the one-year yuan deposit rate to 2.52 percent from 3.60 percent.