According to the People's Bank of China (PBOC), 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 ...

BEIJING, June 20 (Xinhua) -- China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3 percent on Friday, unchanged from the previous month.