Briefly

Loan prime rates remain unchanged

China's one-year loan prime rate, a market-based benchmark lending rate, came in at 3.65 percent on Tuesday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.3 percent, according to the National Interbank Funding Center.

China Unicom boosts ties with investors

China Unicom, a major telecom carrier, on Tuesday extended strategic cooperation agreements with four strategic investors — Tencent, JD, Alibaba and Baidu. In 2017, China Unicom introduced the above four companies as strategic investors, and inked deals with them, as part of its broader push to pioneer State-owned companies' mixed ownership reform. China Unicom said in a statement that over the past five years, it has expanded the depth and breadth of cooperation with the strategic investors in business, products, channels, devices, capital and other fields, which has achieved win-win results.

Xinhua - China Daily