PBoC

China Central Bank Announces $70 Billion Loans For Tech Sector

Chinese policymakers have doubled down on Xi Jinping's new mantra of unleashing "new productive forces” and stepped up investment in cutting-edge…

5 days ago

Investors Suspect Beijing Behind Controlled Yuan Decline

The currencies of China's trading partners have weakened faster than the yuan recently, eroding the country's export competitiveness and hampering…

2 weeks ago

China Holds Firm on Rates But Deflation Worries Weigh

Market watchers got what they expected but still predict Beijing will deliver some easing in the new year in a…

4 months ago

China Tightens Rules for Non-Bank Payment Firms Like Alipay

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

4 months ago

China State Banks’ Yuan-Buying Push ‘Hints at Rate Cuts’

The country’s big banks, suspected of often doing Beijing’s bidding, have continued buying yuan despite the currency rising

5 months ago

China Asks Banks to Roll Over $13tn Local Debt at Lower Rates

China's deepening property crisis has added to the pressure on local municipalities, with developers in no shape to buy new…

6 months ago

China Boosts Liquidity Support But Weak Yuan Fears Weigh

The PBOC said it is pumping $39.5 billion of fresh liquidity into the banking system, the biggest net injection of…

6 months ago

Ex-Bank of China Chairman Expelled From Communist Party

Liu Liange is accused of approving illegal loans, taking bribes and accepting entertainment at private clubs and ski resorts

6 months ago

China Central Bank in Investment Talks with JPMorgan, HSBC

Beijing has been courting foreign capital as its post-pandemic recovery stumbles amid weak overseas demand and an ailing property sector

7 months ago

Beijing’s Crackdown Wiped $1.1 Trillion Off Chinese Big Tech

Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after China's…

9 months ago

Yellen Says China Investment Curbs Will Be ‘Narrow In Scope’

The US treasury secretary said she also told Chinese officials they could raise concerns about US actions, and that Washington…

9 months ago

In Surprise Share Buyback, Ant Values Firm 75% Below IPO

The announcement came a day after the group was fined $984 million in what is likely to be the end…

9 months ago