PBoC

China Freezes Lending Rates, Weak Yuan Dashes Easing Hopes

The People's Bank of China has held rates steady with a struggling yuan and widening bond yields the key factors…

11 months ago

China Asks Banks to Cut Deposit Rates Again to Boost Spending

Household savings in China soared 9.9 trillion yuan in the first quarter, after record growth of 17.8 trillion yuan last…

1 year ago

China’s Green Loans Exceed $3.2 Trillion: Central Bank Chief

"Achieving carbon neutrality requires 'carrots and sticks'," People's Bank of China Governor Yi Gang said

1 year ago

China to Target High-Risk Institutions, Reduce System Threats

In the wake of the Silicon Valley Bank collapse, China’s central bank has promised to focus its gaze on its…

1 year ago

China Retains Central Bank Chief in Surprise For Markets

Yi Gang's re-appointment "shows China wants to at least have a dialogue with the United States on monetary policy and…

1 year ago

China’s Xi Jinping Eyes Return of Party’s Own Financial Watchdog

The Central Financial Work Commission, which would be directly under central party leadership, would take on a direction-setting role for…

1 year ago

PBOC Governor Yi, Janet Yellen Hold ‘Frank’ Meeting at G20

This was Yellen's first in-person conversation with a top Chinese economic official amid lingering tensions between Washington and Beijing

1 year ago

Chinese Developers to Receive $148bn in State Loans – FT

The People's Bank of China will initially issue about 200 billion yuan of low-interest loans, charging about 1.75% a year,…

2 years ago

China’s Central Bank Injects Banks With Cash in Small Doses

China's central bank oversaw the tiniest daily cash infusion since January 2021, with just 2 billion yuan ($296 million) added…

2 years ago

Foreign Investors Exit China Bonds for Fifth Straight Month

China's $20 trillion bond market has suffered continuous foreign outflows since February amid rising geopolitical tension and lingering Covid outbreaks

2 years ago

Chinese Banks Face Tougher Credit Card Rules to Manage Risks

Chinese banks have issued a total of 800 million credit cards as of the end of 2021, with outstanding loans…

2 years ago

China’s PBOC Boosts Cash Injection Into Banking System

China's central bank injected 100 billion yuan ($14.95 billion) worth of seven-day reverse repos, the biggest daily injection via the…

2 years ago