Tuesday, June 22, 2021
Home Economy

Economy

Chinese Central Bank Raises Foreign Deposit Reserve Ratio for First Time in 14 Years to Stem Renminbi Appreciation

The People's Bank of China (PBOC) has resorted to the use of a rarely employed policy tool to deal with a recent...

China’s Banking Regulator Warns of Global Asset Bubble Risks Due to Monetary Policy Missteps

A senior official from China's banking regulator has warned that the monetary policy missteps of central banks in both developed and emerging...

China’s State-owned Media Gainsays Calls for Appreciation of the Renminbi

Leading state-owned news platforms in China have published an opinion piece that addresses calls for further appreciation of the renminbi.

Chinese Central Bank Launches Trials for Integrated Application of Financial Data Using AI and IoT

The People's Bank of China (PBOC) has kicked off pilot schemes around the country for the integrated application of financial data via...

Beijing Warns of “Zero Tolerance” for Hoarding and Price Manipulation by Commodities Firms with Clout

The Chinese central government has summoned the country's key commodities companies for regulatory discussions in a bid to keep prices stable amidst...

PBOC Flags Continuation of Ongoing Forex Reforms, “Normalisation” of Bi-directional Movement in Renminbi Exchange Rate

China is expected to further drive reforms of the forex market and more flexible movement in the renminbi exchange rate following recent...

PBOC Outlines Plans to Enhance China’s “Twin Pillar” Monetary and Macro-prudential Policy Framework

A senior official from the Chinese central bank has flagged further efforts to improve China's "twin pillar" framework for regulation of the...

Changsha Holds Digital Renminbi Lottery to Distribute 40 Million Yuan in Prize Money

The Hunan province capital of Changsha has become the latest Chinese city to hold a lottery for the distribution of the Digital...

Chinese Millionaires on Track to More Than Double in Number by 2025: HSBC

Both the middle class and the ranks of the wealthy in China are set to surge over the next several years according...

Average Interest Rate for First Home Loans in Chinese Cities at 5.33% in May

A new report points to a modest uptick in the interest rates for home loans extended by lenders in major cities around...

PBOC Issues 25 Billion Yuan in Renminbi Central Bank Bills via Hong Kong on 21 May

The Chinese central bank successfully issued 25 billion yuan (approx. USD$3.89 billion) in renminbi central bank bills (CBB) on Friday 21 May...

Chinese Central Bank Hails Successful Containment of Macro-Leverage Growth Despite COVID-19

The People's Bank of China (PBOC) has touted the success of its efforts to contain China's macro-leverage levels despite the adverse impacts...

Latest stories

Alibaba Invests USD$15 million in Launch of “Smart Finance” Digital Subsidiary

Chinese e-commerce giant has Alibaba just launched a new wholly invested fintech subsidiary helmed by a senior executive from its Ant Group-backed...

PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...