Investors shrug off central bank's monetary policy move

Bank stocks fall as PBOC's quasi-easing on June 1 seen as being silent on rates

The quasi-easing of China's monetary policy on June 1 has not encouraged investors to raise their holdings of stocks of commercial banks, market sources said.

Expected further freeing of interest rates has not yet happened but still remains on financial regulators' reform agenda. It is a painful phase that the lenders cannot overlook, they said.