Chinese Domain Sales.
The People’s Bank of China said Friday that it’s upping the requirements for banks giving out loans.
That, can be a slap in the face of the world’s second largest economy; Chinese banks made a record 2.51 trillion yuan of new loans in January alone.
With ample cash reserves but lesser credit, how will investors – and domain investors in particular – react to this restrictive move?
Chinese domain sales faced a drop at the end of the week, despite recovering from the week-long celebrations for the Year of the Monkey.
We tracked considerably fewer short domain names being traded among the Chinese, which might indicate a decrease in trust towards domain commodities.
With other parts of the Chinese economy flatlined or facing losses, the outlook at this time is not very positive.
Still, short domain names of 2 or 3 characters in .CN and .COM should maintain their intrinsic value, and carry it long term. We will see how it all unfolds.
For now, here are today’s names:
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546.cn
wgg.cn
pcx.com
pnz.com
yxyw.com
zcww.com
My Butler asked for a loan so he could buy a monkey