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China's one-year loan prime rate as of October 20 was 3%, as expected and unchanged from the previous value of 3.00%.

2026-10-20

China's one-year loan prime rate as of October 20 was 3%, as expected and unchanged from the previous value of 3.00%.

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2026-10-20

Iranian Foreign Ministry spokesman Bagaei: Israel’s occupation and expansionism, supported by the United States and Europe, has exacerbated the regional crisis and insecurity.

Iranian Foreign Ministry spokesman Bagaei: Israel’s occupation and expansionism, supported by the United States and Europe, has exacerbated the regional crisis and insecurity.
2026-10-19

The People’s Bank of China and other ministries issued guidance to boost financial support for Beijing (Beijing–Tianjin–Hebei), Shanghai (Yangtze River Delta) and the Guangdong–Hong Kong–Macao Greater Bay Area as international science-and-technology

The People’s Bank of China and other ministries issued guidance to boost financial support for Beijing (Beijing–Tianjin–Hebei), Shanghai (Yangtze River Delta) and the Guangdong–Hong Kong–Macao Greater Bay Area as international science-and-technology innovation centres. Measures include building an integrated, full‑chain tech‑finance service system across the Yangtze River Delta, with Shanghai to lead a multi‑participant, shared tech‑finance ecosystem and deeper integration of funding, innovation, industry and talent chains. The guidance targets Shanghai, Nanjing, Suzhou, Hangzhou, Ningbo and Hefei, accelerating construction of five regional sci-tech finance reform pilot zones, freeing cross‑regional factor flows and promoting efficient, balanced allocation of quality financial resources in the delta. It calls for faster implementation of STAR Market reforms and improvements to issuance and listing mechanisms for tech firms; optimization of G60 Sci‑Tech Corridor regional financial services and scaling of a tech commercialization fund; strengthened risk‑sharing arrangements, support for innovation in tech insurance and wider use of co‑insurance; cross‑regional mutual recognition of tech‑finance standards; support for cross‑regional operations and “sci‑tech enclave” development; and fuller use of cross‑border financing facilitation policies.
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