The PBOC will also reduce mortgage rates by 50bp, lower the down payment ratio for second homes, and explore options for banks to purchase land from developers. Additionally, an RMB 500bn liquidity program for non-bank financial institutions and a re-lending initiative for share buybacks were announced.
Ola Electric shares dip 4% as CCPA seeks more documents amid probe
Ola Electric Mobility shares dropped 4% as the CCPA requested more documents for their investigation into alleged rights violations. The company faces regulatory challenges and