US-Listed Chinese Stocks Fall As China's Central Bank Keeps Key Rates Steady

Quick Summary:

On Friday, China’s central bank, the People’s Bank of China (PBOC), decided to maintain its main benchmark lending rates amid efforts to support economic growth while managing a weakening yuan.

The one-year loan prime rate (LPR) remains at 3.1%, while the five-year LPR is steady at 3.6%, influencing corporate loans, household lending, and mortgages.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaTaiwan

Topics: Top Stories BABA BIDU PDD Why it's moving Stories That Matter Benzinga XPEV Movers Briefs JD Tech US0567521085 News Emerging Markets Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 12:44:50 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 24567814

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