China Stocks Gain as PBOC Stands Pat
The Shanghai Composite rose 0.4% to 3,925 on Monday, while the Shenzhen Component gained 0.8% to 13,743, as the People’s Bank of China kept its benchmark lending rates unchanged for a 16th consecutive month at record lows. The one-year loan prime rate (LPR) was maintained at 3.0%, while the five-year LPR was held at 3.