Wednesday, October 21, 2020
Tags PBOC

Tag: PBOC

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

PBOC Issues “Chinese Edition” of Total Loss-absorbing Capacity Rules for China’s Global Systemically Important Banks

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China's top financial authorities have just issued draft regulations governing the total loss-absorbing capacity (TLAC) of global systemically important banks (G-SIB's) in...
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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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Banking

Digital Renminbi Will Not Accrue Interest or Incur Services Fees, Commercial Banks Responsible for Exchange: PBOC

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A senior official from the Chinese central bank has provided further details on the statutory digital currency that is currently being trialed...
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Finance

PBOC Unveils Plans for Financial Inclusion Trials at Cities in Jiangxi and Shandong Province

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The Chinese central bank and a slew of other central government agencies have jointly unveiled plans for financial inclusion trials in three...
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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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Most Read

Chinese GDP Growth Rises to 0.7% in Third Quarter

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China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...
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Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

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A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...
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Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Economy CBNEditor - 0
Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...
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Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

Fintech CBNEditor - 0
The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...
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