China cut its five-year loan prime rate (LPR) by 15 basis points on Friday morning, a sharper cut than had been expected, as authorities seek to cushion an economic slowdown.
SHANGHAI Asian shares jumped on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for…
A reduction of the official lending criteria in China has boosted stocks on the mainland, and in Hong Kong, with the buying sentiment spreading across Asia.