PoliticsJuly 22 at 03:43 AM

China is said to have told all market participants not to re-discount bills at rates below 0.5%, sources say

StockNow breaking-news AI analysis

China set a 0.5% floor for bill re-discount rates to prevent credit indicator distortion caused by banks filling quotas amid weak loan demand and slowing 4.3% Q2 GDP growth.

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