The People's Bank of China kept the one-year loan prime rate, which influences most new and outstanding loans, unchanged at 3.0%. The five-year benchmark rate, which affects mortgages, remained at 3.5 ...

China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed at bolstering faltering economic growth.

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. More Chinese banking giants have restricted transactions from Russia, ...

By Shi Bu and Kevin Yao BEIJING, May 14 (Reuters) - China’s new yuan loans contracted in April for the first time in nine ...

Your browser does not support the <audio> element. What accounts for the central bank’s newfound boldness? Fear is one motive. Recent economic data have been ...