BEIJING, Oct. 18 (Xinhua) -- China's major state-owned commercial banks announced Friday reductions in deposit interest rates. The one-year fixed-term deposit interest rate was cut by 25 basis points to 1.1 percent, according to the official deposit interest rates released by Industrial and Commerc»»»

BEIJING -- China's major national commercial banks unveiled Saturday detailed measures to adjust interest rates for outstanding mortgage loans in line with the central bank's policies to stabilize the property market. The adjustment will be implemented starting from Oct 25, 2024, according to state»»»