State-owned developer
Appears in 1 story · Last updated Nov 2, 2026
Source of recent credit concern in bond markets
China's central bank now sets the price of overnight money every business day. Starting Nov. 2, the People's Bank of China conducts overnight reverse repurchase agreements at 1.25% and treats that rate as its main policy signal, replacing the seven-day rate it had used as its anchor.
Updated 1 hour ago
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