lending rates – Charm

Alibaba, Nio, Baidu Stocks Decline Amid China’s Rate Cuts: What’s Going On?

Cs news2 months ago03 mins

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Chinese stocks listed in the U.S. are experiencing a downturn as Beijing implements a reduction in its primary lending rates. What Happened: On Monday’s pre-market, the shares of Chinese companies listed in the U.S. saw a decline during…

China cuts key lending rates to support growth

Cs news2 months ago04 mins

By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10%…