Tuesday, October 27, 2020
Tags Chinese State Council

Tag: Chinese State Council

State Council Cancels Enterprise Bank Account Licensing

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

State Council Launches New Requirements for Establishment of Financial Holding Companies

China's top government authority has provided further clarification for requirements in relation to the establishment of financial holding companies (FHC), in order...

Chinese Monetary Policy Will Remain Unchanged, Needs Greater Certainty to Deal with COVID-19 Uncertainties: PBOC

A senior official from the Chinese central bank has flagged the maintenance of steady monetary policy in the near-future, as the COVID-19...

State Council Flags RRR Cut Targeting Joint Stock Banks to Help Deal with Coronavirus Impacts

The State Council has flagged the use of targeted cuts to China's reserve requirement ratio (RRR) to help prime the Chinese economy...

Beijing Mandates Lending Rates of under 1.6% for Enterprises Contributing to Coronavirus Containment

China's State Council has called for banks to provide loans with rates of under 1.6% to those enterprises that provide goods and...

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Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Zhou Xiaochuan Denies that Belt and Road Is Debt-trap Diplomacy

The former governor of the Chinese central bank has addressed accusations that China's much vaunted Belt and Road Initiative perpetrates a form...

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...