China to Scrap Benchmark as Rates Shift Toward Market-Led System
The People’s Bank of China headquarters stands in Beijing, China. (Photographer: Giulia Marchi/Bloomberg)

China to Scrap Benchmark as Rates Shift Toward Market-Led System

(Bloomberg) -- China’s central bank ordered lenders to adopt a new loan-pricing regime for all credit from next year, marking an end to the previous benchmark and another step toward liberalizing t...
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