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BYD's electric models attract visitors at a new energy auto expo in Beijing. [Photo/A QING FOR CHINA DAILY]
BYD Co Ltd signs a contract for 500 electric dump trucks for construction companies in Shenzhen, Guangdong province, May 8, 2018. [Photo provided to chinadaily.com.cn]
Based on bank-calculated quotes made by adding a few basis points to the interest rate of open market operations (mainly referring to the MLF rate), the LPR is calculated by the NIFC to serve as the pricing reference for bank lending. Currently, the LPR consists of rates with two maturities -- one year and over five years.
Baihetan is expected to generate more than 60 terawatt hours of electricity per year, around two-thirds of Beijing's consumption in 2015. Thermal power generating capacity of more than 62 tWh and 19.68 million metric tons of coal will be replaced every year after the hydropower station starts operation.
Bank shares got a boost as the 10-year Treasury note yield hit 3.09 percent in morning session, its highest level since May.
