SHANGHAI/SINGAPORE: China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy. ( read original story ...)
China cuts mortgage reference rate more than expected to revive property market
China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property market. ( read original story ...)
China’s central bank unexpectedly cuts benchmark lending rate y 25 bps to 3.95%
China held its one-year loan prime rate on Tuesday, but surprised markets by lowering the five-year rate by 25 bps to 3.95%, according to a statement Tuesday from the People’s Bank of China. Reuters ... ( read original story ...)
Shanghai to build two Sino-foreign universities
The two universities, with the working names Sino-German University of Science and Technology Shanghai and the Sino-British Arts Institute in Shanghai, aim to provide high-level, interdisciplinary ... ( read original story ...)
Shanghai fervor to help Spring Festival leisure spending soar
Heytea was the latest food and beverage provider to tie up with the TV series. The tea brand revealed that more than 1 million cups of milk tea with jade orchid and jasmine flavor were sold during the ... ( read original story ...)
Chinese Car Rental Firm eHi Weighing $300 Million US IPO, Sources Say
Hi Car Services Ltd., a Shanghai-based car rental company, is considering a return to the US capital market with an initial public offering that may raise about $300 million as soon as this year, ... ( read original story ...)
Shanghai eastern hub international business cooperation zone plans approved
FANG ZHE/XINHUA The State Council principally approved the general plan of constructing the eastern hub international business cooperation zone in Shanghai, the official website of China's Cabinet ... ( read original story ...)