China Economic Review - Alpha en copyright 2015 Central bank cuts interest rates for second time in three months <p>The People's Bank of China cut mainland banks' benchmark one-year lending and deposit&nbsp;rates late Saturday night by 25 basis points&nbsp;to 5.35% and 2.5%, respectively,&nbsp;hot on the heels of making its first such cut in more than two years in late November, <a href="" target="_blank"><em>The Financial Times</em></a> reported, citing an announcement from the central bank. Thu, 01 Jan 1970 08:00:00 CST Alibaba-controlled finance outfit said to plan mainland IPO as early as 2016 <p>Alibaba Group Holding&nbsp;(BABA.NYSE) is planning an initial public offering in mainland China next year or in 2017 for its&nbsp;financial services affiliate Zhejiang Ant Small &amp; Micro Financial Services Group, <a href="" target="_blank"><em>The Wall Street Journal</em></a> reported, citing an unnamed person familiar with the matter. Thu, 01 Jan 1970 08:00:00 CST Chinese gold fix launch planned for this year, sources say <p>A Chinese gold fix is planned to launch this year on the state-run Shanghai Gold Exchange, <a href="" target="_blank">Reuters</a> reported, citing unnamed sources. Thu, 01 Jan 1970 08:00:00 CST Yuan hits 28-month low against US dollar <p>The renminbi fell 0.17% on&nbsp;Friday to RMB6.269 per US dollar after the central bank weakened the currency's fixed mid-rate by 0.16% during its daily adjustment, <a href="" target="_blank"><em>The Financial Times</em></a> reported. The decline, the largest downward move in a month and which&nbsp;marked a 28-month low, continues to pressure Chinese firms that borrowed in US dollars on the expectation they would benefit from paying back their debt using an appreciating domestic currency. Thu, 01 Jan 1970 08:00:00 CST Online air pollution documentary draws millions of views <p>An online documentary on China's air pollution problem&nbsp;produced by former state television&nbsp;reporter Chai Jing had been played more than 14 million times on domestic video-sharing site Youku&nbsp;as of Sunday afternoon, garnering support online even from some state media outfits&nbsp;despite its critical tone, <a href="" target="_blank"><em>The New York Times</em></a> reported. Thu, 01 Jan 1970 08:00:00 CST