The People\’s Bank of China has established a relending facility to support technological innovation and transformation, showcasing the central bank\’s commitment to providing accurate and effective sup
Tag: lending
China\’s loan prime rates remain unchanged
BEIJING, March 20 (Xinhua) — China\’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Wednesday, unchanged from the previous month.
The over-five-year LP
China central bank reports 150-bln-yuan in PSL net issuance in January
BEIJING, Feb. 2 (Xinhua) — The People\’s Bank of China (PBOC), China\’s central bank, reported a net issuance of 150 billion yuan (21.12 billion U.S. dollars) of Pledged Supplementary Lending (PSL) to
China\’s loan prime rates remain unchanged
BEIJING, Jan. 22 (Xinhua) — China\’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month.
The over-five-year LPR, o
Commercial real estate defaults could spark second round of U.S. banking crisis in 2024
WASHINGTON, Dec. 29 (Xinhua) — A possible wave of commercial real estate defaults threatens to prolong the U.S. regional banking crisis into 2024, according to some experts.
\”It is all too likely tha
China\’s loan prime rates remain unchanged
BEIJING, Dec. 20 (Xinhua) — China\’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Wednesday, unchanged from the previous month.
The over-five-year LPR
Ousted U.S. House Speaker Kevin McCarthy says he\’s leaving Congress
WASHINGTON, Dec. 6 (Xinhua) — Former U.S. House Speaker Kevin McCarthy, who was unprecedentedly removed from the position in early October, announced on Wednesday that he is leaving the U.S. Congress
RMB clearing bank launched in Pakistan to facilitate cross-border transactions with China
Pakistan\’s caretaker Minister for Finance, Revenue and Economic Affairs Shamshad Akhtar speaks during the opening ceremony of RMB clearing bank in Islamabad, Pakistan on Oct. 27, 2023. The Industrial
No signs of deflation seen amid recovery
Economic indicators show renewed vigor due to positive demand, policy support
China\’s economy is positioned for continued recovery given the ongoing policy support and an uptick in economic indicators
China\’s loan prime rates remain unchanged
BEIJING, Sept. 20 (Xinhua) — China\’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Wednesday, unchanged from the previous month.
The over-five-year LP