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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 a pricing reference for bank lending. The LPR currently consists of rates with two maturities -- one year and over five years.

Bai Yiran contributed to this story.

Based on the decision, the Hong Kong government disqualified four members of the Legislative Council, who were earlier barred from running for the seventh-term legislative election, for failing to meet the legal requirement.

Baoding Life Automotive Lighting Group is located in suburban Rongcheng county in Hebei province. Rongcheng is one of the three counties in what is set to become China's latest new economic zone -- Xiongan. The other two counties are Xiongxian and Anxin. Currently, thee total population is about 1.1 million.

Battery giant Contemporary Amperex Technology Co Ltd said on Wednesday that its new super battery is ready for mass production, which according to industry experts could be a game-changer for automakers as well as the electric vehicle industry.