Thursday, October 22, 2020
Tags Chinese interest rates

Tag: Chinese interest rates

Chinese Commercial Banks Could Soon Determine Interest Rates Independently

Proposed changes to China's commercial banking law will allow lenders to independently determine the rates for deposits and loans.

Loan Prime Rate for September Remains Unchanged

Chi­na’s loan prime rate (LPR) for September has re­mained un­changed for the fifth straight month.  The...

94% of China’s Personal Home Loans Now Priced Based on Loan Prime Rate

The latest official data indicates that the benchmark Loan Prime Rate (LPR) currently serves as the basis for pricing of the vast...

Chinese Central Bank Releases White Paper on International Benchmark Interest Rate Reforms

The Chinese central bank has just released a white paper on efforts to reform international benchmark rates, signalling its commitment to a...

Interest Rate Cuts Behind Plunge in Chinese Banking Sector Profits: Central Bank Official

A senior official from the People's Bank of China (PBOC) has highlighted the impact of interest rates cuts as the key factor...

Enterprise Loan Rates on Track to Further Decline: Chinese Central Bank

Senior officials from the Chinese central bank have flagged further reductions in the rates of interest for loans extended to businesses.

Maximum Rate for Private Loans in China Shifts from 36% to 4-Times Loan Prime Rate

China has launched measures to change the "lawfully protected threshold" for loans between private parties from 36% to a multiple of the...

August Loan Prime Rate Remains Unchanged for Fourth Consecutive Month

China's loan prime rate (LPR) for August has remained unchanged for the fourth straight month.

Chinese Central Bank Calls for Reduction in Real Cost of Lending, Hails Greater Use of LPR

The People's Bank of China (PBOC) has called to driving further reductions to interest rates for loans in order to drive financial...

Structured Deposit Balance Rises to Record High, Triggers Concern over Interest Rate Arbitrage

A rapid expansion in structured deposits to record high levels has caused concern amongst Chinese regulators over the potential for companies to...

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Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...