People's Bank of China (PBOC)

Yuan banknotes are seen in this illustrative photograph taken in Beijing July 26, 2010. Photo :Reuters

China

China cuts key lending rates to support growth

The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10% from 3.35%, while the five-year LPR was cut by the same margin to 3.6% from 3.85% previously

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: REUTERS/Jason Lee/File Photo

Global Economy

Morning Bid: China rate cuts looming, US booming

China

China kicks off 500 bln yuan swap facility to aid stock market

Farhan Talib, Head of International Banking - HBL (designate), and Yu Xiaoming, DGM Financial Institutions - BOC signed the agreement in the presence of Liu Jin, Vice Chairman & President - BOC (standing 3rd from right), Sultan Ali Allana, Chairman - HBL, (standing 3rd from left) and Muhammad Aurangzeb, President & CEO - HBL (standing 2nd from left). Photo: Courtesy

Corporates

HBL and the Bank of China sign an MoU on Strategic Cooperation to enhance regional trade

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee

Global Economy

China faces challenges from 'mismanagement' at certain firms, says PBOC head

China

China will steadily promote yuan internationalisation in 2021, Chinese central bank says

Tech