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The Pac-12 conference laid the groundwork for the trip, as it has sent other sports teams on trips to China the past couple of years.

The Ministry of Finance will issue billion worth of five-year sovereign bonds and billion worth of 10-year sovereign bonds in Hong Kong on Oct 26, carrying a fixed interest rate.

The PBOC had in its monetary policy report for the fourth quarter of 2017 disclosed that MLFs "have become an important channel for the central bank to inject base money".

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The Ministry of Industry and Information Technology has issued official licenses to 15 private virtual telecoms to resell internet access, the ministry said in a statement released Monday on its website.

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The PBOC also decided to cut the interest rate of re-lending designated for agricultural entities and SMEs by 0.25 percentage point, down to 2.5 percent.

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The PBOC said in a statement that Tuesday's operation is aimed at offsetting the impact of factors such as tax payment.

The PBOC first issued bills in Hong Kong in November 2018 when 20 billion yuan was raised.

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The NPL ratio of Industrial and Commercial Bank of China, the world's largest lender by assets, fell to 1.59 percent as of March 31 from 1.62 percent three months earlier. The bank's bad-loan coverage ratio improved to 141.5 percent from 136.7 percent at the end of last year, below the regulatory minimum of 150 percent.

The NDRC urged the three major state-owned oil companies -- China National Petroleum Corporation, Sinopec Group and China National Offshore Oil Corporation -- to ensure the supply of oil products and strictly implement the country's price policy.