Meanwhile, Beijing is keeping an close eye on global market trends and taking measures following the Fed's move overnight. The People's Bank of China raised interest rates on its standing lending facility (SLF) short-term loans by 5 basis points. The interest rate for overnight SLF loans was lifted to 3.40 percent from 3.35 percent. Rates for 7-day and one-month loans also were pushed 5 bps each to 3.55 percent and 3.90 percent, respectively. The PBOC says the changes were a normal market reaction after the U.S. move. However, some analysts said the actions signaled a continued clampdown on riskier lending practices. The PBOC also boosted the rate on 7-day reverse repurchase agreements 5 basis points to 2.55 percent and injected 10 billion yuan, or about 1-point-six billion US dollars into the financial system. Some analysts said the PBOC's rate moves had been widely expected and was its first major policy decision under new Governor Yi Gang, who was appointed on Monday.