Thursday, October 29, 2020
Tags Chinese central bank

Tag: Chinese central bank

Economy

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

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

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

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

State Council Cancels Enterprise Bank Account Licensing

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

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

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

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

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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...
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Fintech

Chinese Central Bank Announces that Digital Renminbi Is Ready for Deployment

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

Chinese Central Bank Commits to Further Loan Prime Rate Reforms

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

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

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

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

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

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

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

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

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The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...
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ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

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ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...
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Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

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Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.
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Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

Banking CBNEditor - 0
The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...
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