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MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

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The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...
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Economy

Chinese Central Bank Frets over Population Change, Calls for Removal of Family Restrictions and Spurring Fertility Rates

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The People's Bank of China (PBOC) has weighed on on matters usually beyond its remit as a monetary authority and central bank...
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Banking

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Economy

Chinese CPI Bounces Back into Positive Territory in March

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China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Banking

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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Banking

Bank of Jiangsu Becomes First Lender in China to Launch Carbon Neutrality Financing Campaign

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Bank of Jiangsu has become the first lender in China to launch a carbon neutrality campaign as part of efforts to expand...
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Banking

PBOC Commits to Preventing Loan Funds from Seeping into Property Market, Warns of Organised Criminal Activity in Some Cities

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The Chinese central bank has reiterated the need to prevent the illicit use of funds from bank loans for investment in the...
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Banking

CBIRC Orders Big State-owned Banks to Increase Financial Inclusion Small Business Loans by over 30% in 2021

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The Chinese banking regulator has set ambitious new targets for growth in financial inclusion loans made by big state-owned lenders to small...
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Banking

PBOC Commits to Stable Monetary Policy as Enterprise Loan Interest Rates Drop to Record Low, Commercial Lenders See First Profit Decline Since 2003

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The People's Bank of China (PBOC) has reiterated its commitment to stable monetary policy following the release of key financial data for...
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Economy

Still No Schedule for Official Launch of Digital Renminbi a Year After Start of Testing: Chinese Central Bank

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A senior official from the Chinese central bank says that there is still no formal timetable for the official launch of the...
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Economy

Ex-PBOC Deputy Governor Warns of “Biden’s Overheating” and “Sword of Inflation” After Unveiling of USD$1.9T Stimulus Package

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One of China's leading economists has warned of the major risk implications of the mammoth USD$1.9 trillion stimulus package unveiled by the...
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Economy

Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

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One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...
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Latest stories

Chinese Central Bank Calls for Renminbi Internationalisation to Become National Strategy, Says Time Is Right for Capital Account Liberalisation

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A senior official from the Chinese central bank has called for greater prioritisation of efforts to internationalise the usage of the renminbi,...
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Chinese Central Bank Will Help Strengthen Green Financing Initiatives Abroad: Yi Gang

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The head of the Chinese central bank has flagged plans to strengthen green financing for projects and partnerships in relation to the...
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Zhou Xiaochuan Says Development of Central Bank Digital Currency Will Not Lead to Creation of Unified Global Money

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The former head of the Chinese central bank has highlighted the challenges faced by efforts to achieve cross-border usage of central bank...
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Citigroup Plans Expansion into China’s Securities and Futures Sectors

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US banking giant Citigroup hopes to expand its footprint in the Chinese financial sector via the acquisition of licenses for a range...
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