Tuesday, May 18, 2021
Tags Chinese interest rates

Tag: Chinese interest rates

Digital Currency Can Help Chinese Central Bank Drive Interest Rates into Negative Territory During COVID-19 Pandemic

The founder of one of China's leading fintech associations has highlighted the ability of a statutory digital currency to help central banks...

Postal Savings Bank Completes First Renminbi Interest Rate Options Trades on Interbank Market

China's interbank market has just seen the launch of a new category of derivatives trading.

PBOC Issues New Interest Rates Directive to Chinese Banks, Structured Deposits Targeted

The Chinese central bank has issued a new directive on interest rates to domestic lenders according to local media reports.

Chinese Central Bank Flags Adjustments to Deposit Benchmark Rate as Coronavirus Outbreak Continues

The People's Bank of China (PBOC) has flagged adjustments to benchmark rates for bank deposits as part of broader efforts to mitigate...

Chinese Central Bank Applies First Ever Cut to Rates for Medium-term Lending Facilities

The People's Bank of China (PBOC) has cut one of its key interest rates in a sign that Beijing will adopt further...

Annual Interest Rates in Excess of 36% Criminalised by Chinese Supreme Court

China's top judicial and police authorities have made lending at annualised rates above 36% a criminal offence, amidst a crackdown on underground...

Chinese Central Bank Targets Interest Rate Rigging Following Launch of LPR Reforms

State media says that the People's Bank of China (PBOC) plans to formulate specific assessment requirements for the application of the loan...

Benchmark for Real Estate Lending to Switch to Loan Prime Rate on 8 October: Chinese Central Bank

The Chinese central bank has announced that the loan prime rate will serve as the benchmark for the pricing of personal residential...

Term Deposit Rates of Chinese Banks Fall across the Board in July

Looser funding conditions have driven a marked decline in the term deposit rates of Chinese commercial banks in July.

First Home Loan Rates Decline for Fourth Consecutive Month in China, Drop Back to Year-long Low

National average first home loan rates in China fell for the fourth consecutive month in March to a near year-long low.

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...