Saturday, October 31, 2020
Tags Chinese central bank

Tag: Chinese central bank

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

No Irrigation-style Monetary Policy, Inflation Avoidance the Chief Priority: PBOC

The head of the Chinese central bank has sent a slew of signals on near-term monetary policy towards the end of 2020....

State Council Cancels Enterprise Bank Account Licensing

China's top government authority has unveiled major changes to the licensing system for the opening of enterprise bank accounts by commercial lenders....

Beijing Plans to Launch Digital Renminbi Trials, Digital Wallet System in Free Trade Pilot Zone

The Chinese government has just released new plans for the Beijing free trade pilot zone that outline trials of the Chinese central...

Chinese Central Bank Makes Net Injection of $51.8 Billion via OMO on Tuesday

The People's Bank of China (PBOC) made a net injection of 350 billion yuan (approx. USD$51.8 billion) on 22 September via open...

Chinese Central Bank Announces that Digital Renminbi Is Ready for Deployment

The People's Bank of China (PBOC) has announced via its official news outlet that all preparations have been completed for the launch...

Chinese Central Bank Commits to Further Loan Prime Rate Reforms

The People's Bank of China (PBOC) has flagged the launch of further reforms to augment the sway of the benchmark Loan Prime...

PBOC Releases Financial Data for August, M2 Money Supply up 10.4% YoY

The latest raft of financial data released by the Chinese central bank points to easing growth in the M2 money supply in...

Removal of Financial Sector from Foreign Investment Negative List Lets “100 Flowers Blossom at Once”: PBOC

A senior official from the Chinese central bank has hailed ongoing efforts to remove restrictions on foreign investment in the Chinese financial...

PBOC Makes Net Injection of $2.92 Billion via OMO on 3 September

The Chinese central bank made a net injection of 20 billion yuan (approx. USD$2.92 billion) via open market operations on 3 September....

Most Read

Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...