Chinese banks are reducing lending rates in an attempt to stimulate the domestic economy.

Mirroring the cuts the PBoC has made. This is part of a broader agenda in an effort to stimulate domestic consumption and restore confidence. It's a small step, to be sure, but it matters.

$BANK OF CHINA (03988.HK)$ $Bank Of China (601988.SH)$ $China 1-Year Treasury Bills Yield (CN12M.BD)$ $BABA-W (09988.HK)$ $TENCENT (00700.HK)$

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