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Analysis-China to tread warily on easing as concerns over impact on banks mount

China's central bank is likely to cut lending rates further in a bid to revive the economy but reluctance among private firms and households to borrow means continued policy easing could end up hurting banks already battling margin pressures, analysts said. Small cuts in rates will not have a big impact on demand for loans as families and businesses repair balance sheets damaged by COVID and repay debts, economists said, forcing Beijing to rely on fiscal stimulus and other policy tools to spur demand. The People's Bank of China (PBOC) cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, with a smaller-than-expected 10-basis point reduction in the five-year LPR, which influences the pricing of mortgages. ....

Zhang Ming , Kripa Jayaram , Sumeet Chatterjee , Asia Pacific , Kevin Yao , Wang Yifeng , Ziyi Tang , Chinese Academy Of Social Sciences , People Bank , Everbright Securities Co , Morgan Stanley , Everbright Securities , China Merchants Securities , Chinese Academy , Social Sciences ,

State-owned banks in China adjust deposit rates

State-owned banks in China adjust deposit rates
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Wang Yifeng , China Construction Bank , Agricultural Bank , China Daily , Securities Times , Commercial Bank ,

Digital yuan to be used in Jiangsu education system

Jiangsu province will encourage the use of the digital yuan, or e-CNY, in its education system and strive to establish a convenient and efficient operation management system by the end of 2025, according to the Jiangsu Education Department. ....

Chen Yong , Zhou Maohua , Wang Yifeng , Everbright Bank , Jiangsu Education Department , People Bank , Jiangsu Education , Dongguan Street ,