Briefly

Rates on existing mortgages lowered

China has completed lowering interest rates on existing mortgage loans, benefiting tens of millions of households, the People's Bank of China, the country's central bank, said in an article on Monday. Interest rates on more than 22 trillion yuan ($3.06 trillion) of existing mortgage loans were lowered, with an average interest rate drop of 0.73 percentage point.

Biz registrations rise in Jan-Sept

New business registrations in China continued to rise in the first nine months of the year, indicating that favorable government policies have boosted market confidence. Some 24.81 million new business entities were established during the January-September period, up nearly 13 percent year-on-year, according to data from the State Administration for Market Regulation on Tuesday. New companies rose by 15 percent; self-employed households climbed around 12 percent.

Xinhua - China Daily