Friday, July 1, 2022

Chinese Central Bank Chief Commits to “Vigorous” Monetary Policy to Support Economic Recovery

The head of the People's Bank of China (PBOC) has committed to "vigorous" monetary policy measures to support the recovery of the Chinese economy....

Chinese Planning Authority Commits to Fulfilling 2022 GDP Targets

China's top planning authority has committed to achieving the country's 2022 target for gross domestic product (GDP) growth of around 5.5%. "China's economy is...

China Sees Surge in Use of Consumer Coupon Stimulus Campaigns

Local governments around China are making use of large-scale consumer coupon campaigns to help stimulate the economy, as the Covid pandemic continues to create...

China Determined to Transform Data Monopolies of Internet Platforms into Data Sharing: NIFD

A leading Chinese think tank has highlighted efforts by regulators to prevent the emergence of data-driven monopolies in the areas of finance, fintech and...

Digital Renminbi Embraced by Guangzhou for Zero Payments Costs

The Guangdong province of Guangzhou has emerged as one of the leading centres for trial deployment of the Chinese central bank digital currency (CBDC),...

People’s Bank of China Enters Renminbi Liquidity Arrangement with Bank for International Settlements

The Chinese central bank has entered an agreement with the Basel-based Bank for International Settlements (BIS) on participation in renminbi liquidity arrangement (RMBLA), in...

Chinese Central Bank Chief Commits to “Vigorous” Monetary Policy to Support Economic Recovery

The head of the People's Bank of China (PBOC) has committed to "vigorous" monetary policy measures to support the recovery of the Chinese economy....

Chinese Planning Authority Commits to Fulfilling 2022 GDP Targets

China's top planning authority has committed to achieving the country's 2022 target for gross domestic product (GDP) growth of around 5.5%. "China's economy is...

China Determined to Transform Data Monopolies of Internet Platforms into Data Sharing: NIFD

A leading Chinese think tank has highlighted efforts by regulators to prevent the emergence of data-driven monopolies in the areas of finance, fintech and...

Wen Bin Appointed Chief Economist of China Minsheng Bank

China Minsheng Bank has announced the appointment of Wen Bin (温彬) as its new chief economist and the head of its research institute. Wen...

Chinese Central Bank Commits to No Irrigation-style Stimulus, Protecting the Pockets of Ordinary Citizens

The People's Bank of China (PBOC) has signalled that it is unlikely to pursue any strenuous monetary expansion measures in the near-future, while stressing...