周一，上证综指上涨0.5%，收于3170点左右，深证成分股上涨0.3%，收于9737点。由于中国人民银行将一年期和五年期贷款最优惠利率分别保持在3.45%和3.95%，符合预期，内地股市创下多个月新高。上周晚些时候，中国还宣布了一项支持陷入困境的房地产市场的一揽子计划，包括放宽抵押贷款规定，并敦促地方政府购买未售出的房屋。涨幅显著的是紫金矿业（3.7%）、招商银行集团（2.3%）、中机创新（2.5%）、当代安培（1.2%）和五粮液宜宾（1.1%）等重量级公司。与此同时，投资者在房地产股上周强劲反弹后获利回吐，中国万科（-0.7%）、保利发展（-1.8%）和杭州滨江（-1.2%）下跌。

The Shanghai Composite rose 0.5% to around 3,170 while the Shenzhen Component gained 0.3% to 9,737 on Monday, with mainland stocks hitting multi-month highs as the People’s Bank of China kept its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively, in line with expectations. Late last week, China also announced a broad package to support its struggling property market, including the relaxation of mortgage rules and urging local governments to buy unsold homes. Notable gains were seen from heavyweight firms such as Zijin Mining (3.7%), CMOC Group (2.3%), Zhongji Innolight (2.5%), Contemporary Amperex (1.2%)and Wuliangye Yibin (1.1%). Meanwhile, investors took some profits in property stocks after a strong rally last week, with losses from China Vanke (-0.7%), Poly Developments (-1.8%) and Hangzhou Binjiang (-1.2%).

亚洲股市周一上涨，追随华尔街的涨势，道琼斯指数有望首次突破40000点大关。在中国，央行将一年期和五年期贷款最优惠利率分别保持在3.45%和3.95%，与预期一致。上周晚些时候，中国还宣布了一项支持陷入困境的房地产市场的一揽子计划，包括放宽抵押贷款规定，并敦促地方政府购买未售出的房屋。在其他地方，投资者期待着本周日本的一系列经济报告，包括贸易、通货膨胀和商业活动数据。澳大利亚、日本、韩国、香港和中国股市均上涨。

Asian equity markets rose on Monday, tracking gains on Wall Street amid hopes where the Dow closed above the key 40,000 mark for the first time ever. In China, the central bank kept its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively, in line with expectations. Late last week, China also announced a broad package to support its struggling property market, including the relaxation of mortgage rules and urging local governments to buy unsold homes. Elsewhere, investors look ahead to a slew of economic reports in Japan this week including trade, inflation and business activity data. Shares in Australia, Japan, South Korea, Hong Kong and China all advanced.

离岸人民币兑美元汇率在5月16日创下近两周高点后保持稳定在7.23左右，因为正如人们普遍预期的那样，中国人民银行在5月的固定利率期间保持了关键贷款利率不变。作为大多数企业和家庭贷款的基准，1年期贷款最优惠利率（LPR）保持在3.45%。同样，作为房地产抵押贷款参考的5年期利率在2月份创纪录地下调了25个基点后，仍保持在3.95%。这两个利率都处于历史低位，突显出该国经济复苏的脆弱性。此前，中国4月份的经济数据喜忧参半，显示工业产出持续增长，失业率为五个月来的最低水平，零售额表现缓慢。上周，中国人民银行（PBoC）也将中期贷款利率维持在2.5%，这是其持续稳定人民币的努力的一部分。

The offshore yuan remained steady around 7.23 per dollar, after a recent two-week highs on May 16th, as the People's Bank of China left key lending rates unchanged during its May fixing, as widely expected. The 1-year loan prime rate (LPR), the benchmark for most corporate and household loans, was held at 3.45%. Similarly, the 5-year rate, which serves as a reference for property mortgages, was maintained at 3.95% after a record reduction of 25 basis points in February. Both rates are at historic lows, underscoring the nation's fragile economic recovery. The decision followed mixed economic data from China for April, which showed sustained industrial output growth, a five-month low jobless rate, and a slow performance in retail turnover. Last week, the People's Bank of China (PBoC) also maintained the medium-term lending rate at 2.5%, as part of its ongoing efforts to stabilize the yuan.

中国人民银行在5月份的固定利率中保持了关键贷款利率不变，符合市场预期。作为大多数企业和家庭贷款的基准，1年期贷款最优惠利率维持在3.45%。与此同时，继2月份创纪录地下调25个基点后，房地产抵押贷款的5年期利率保持在3.95%。这两个失业率都处于历史低点，在4月份的活动数据喜忧参半后，北京试图刺激经济复苏，工业产出持续增长、五个月来最低的失业率和疲软的零售额突显了这一点。上周，中国央行维持了中期贷款利率，继续努力稳定人民币汇率。它还降低了首次和第二次购房者的首付，并取消了抵押贷款利率的下限。另外，北京承诺通过放宽购房规定和敦促地方政府从建筑商那里购买未售出的房屋，将其改造成经济适用房，为房地产行业提供新的刺激。

The People's Bank of China kept key lending rates unchanged at the May fixing, matching market expectations. The 1-year loan prime rate (LPR), the benchmark for most corporate and household loans, was maintained at 3.45%. Meanwhile, the 5-year rate, a reference for property mortgages, was retained at 3.95% following a record cut of 25bps in February. Both rates are at record lows, amid Beijing's attempts to spur an economic recovery after mixed activity data in April, as highlighted by sustained industrial output growth, the lowest jobless rate in five months, and weak retail turnover. Last week, the PBoC held a medium-term lending rate, continuing its efforts to stabilize the yuan. It also moved to lower down payments for first- and second-time home buyers and scrap a floor on mortgage rates. Separately, Beijing pledged fresh stimulus for the property sector by easing purchase rules and urging local governments to buy unsold houses from builders for conversion into affordable ones.