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

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

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

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

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

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

Chinese CPI Bounces Back into Positive Territory in March

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

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

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

A senior official from the Chinese central bank has called for greater prioritisation of efforts to internationalise the usage of the renminbi,...

Chinese Central Bank Will Help Strengthen Green Financing Initiatives Abroad: Yi Gang

The head of the Chinese central bank has flagged plans to strengthen green financing for projects and partnerships in relation to the...

Zhou Xiaochuan Says Development of Central Bank Digital Currency Will Not Lead to Creation of Unified Global Money

The former head of the Chinese central bank has highlighted the challenges faced by efforts to achieve cross-border usage of central bank...

Citigroup Plans Expansion into China’s Securities and Futures Sectors

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