How did US-listed Chinese stocks react to the PBOC's decision? [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
What decision did China's central bank, the People's Bank of China (PBOC), make regarding its main benchmark lending rates? The PBOC decided to maintain its main benchmark lending rates, with the one-year loan prime rate (LPR) remaining at 3.1% and the five-year LPR steady at 3.6%, influencing corporate loans, household lending, and mortgages. Was this helpful? Yes No What is the expected driver of China's economic recovery in the coming year, according to Yan Wang, Chief Emerging Markets and China Strategist at Alpine Macro? Yan Wang believes that the government's fiscal flexibility is more likely to drive economic recovery in the coming year, rather than further rate cuts, which might alleviate the yuan's deflationary pressure. Was this helpful? Yes No How did US-listed Chinese stocks react to the PBOC's decision? US-listed Chinese stocks, including Alibaba Group Holding (NYSE:BABA), Baidu, Inc. (NASDAQ:BIDU), JD.com, Inc. (NASDAQ:JD), PDD Holdings Inc. (NASDA
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