Business Communication Skills for ROs & Executive Officers
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PBoC: De-leverage & Loan Prime Rate
China will stop using the traditional benchmark lending rate for new loans. The loan prime rate (LPR), which was introduced by the central bank in August, will become the only benchmark rate for banks' new lending as of Jan 1. Financial institutions and their clients can negotiate a floating rate higher or lower than the benchmark.
The key point and your take-away from this case study 'PBoC: De-leverage & Loan Prime Rate'. Your learning combines both language skills and market knowledge.
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