China Financial Industry

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China scraps benchmark lending rate to liberalise financial system

The LPR, revamped to become the benchmark for new loans this year, is based on the interest rate for one-year loans

Updated On: 28 Dec 2019 | 10:50 PM IST

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China eases rules: Foreign firms can own stakes in security ventures

China's announcement of the changes in 2017 coincided with a visit by US President Donald Trump to the country

Updated On: 30 Apr 2018 | 12:49 AM IST

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China offers a financial industry exam in English, first test on May 4

China has been highlighting its plans to open up, as part of managing tensions with the US including President Donald Trump's threats to impose tariffs

Updated On: 16 Apr 2018 | 8:31 PM IST