Saturday, April 10, 2021
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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Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....

China’s Services Exports Surge over 20% since Start of 2021, Imports Plunge by More Than 18%

China has seen a sharp rise in its exports of services since the start of 2021, in tandem with a plunge in...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...