Tuesday, April 20, 2021
Tags Chinese interest rates

Tag: Chinese interest rates

PBOC’s Monetary Policy Committee Commits to Further Reductions in Real Interest Rates for Loans

The Chinese central bank has reiterated its commitment to reductions in borrowing costs for key areas of the real economy.

PBOC Requires All Loan Products to Clearly Display Real Annualized Interest Rates

The Chinese central bank has launched strict disclosure requirements for the interest rates of loan products due to concerns that many consumers...

PBOC Says Enterprise Interest Rates Fell to Five Year Low in 2020, Hails 1.5 Trillion Yuan “Profit Sacrifice” by Chinese Banks

The Chinese central bank has touted the success of efforts to reduce financing costs for businesses in 2020 during efforts to mitigate...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

China Removes Restrictions on Credit Card Overdraft Rates for over 700 Million Card Holders

China's central bank has removed restrictions on the overdraft rates for credit cards, in a major shake up for the country's interest...

Loan Prime Rate Remains Unchanged for Eighth Consecutive Month in December

Chi­na’s loan prime rate (LPR) for December has re­mained un­changed for the eighth consecutive month.  The...

Loan Prime Rate Remains Unchanged for Seventh Consecutive Month in November

Chi­na’s loan prime rate (LPR) for November has re­mained un­changed for the seventh consecutive month.  The...

Chinese Commercial Banks Could Soon Determine Interest Rates Independently

Proposed changes to China's commercial banking law will allow lenders to independently determine the rates for deposits and loans.

Loan Prime Rate for September Remains Unchanged

Chi­na’s loan prime rate (LPR) for September has re­mained un­changed for the fifth straight month.  The...

94% of China’s Personal Home Loans Now Priced Based on Loan Prime Rate

The latest official data indicates that the benchmark Loan Prime Rate (LPR) currently serves as the basis for pricing of the vast...

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China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy

The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...