Wednesday, October 21, 2020
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Tag: PBOC

No Irrigation-style Monetary Policy, Inflation Avoidance the Chief Priority: PBOC

The head of the Chinese central bank has sent a slew of signals on near-term monetary policy towards the end of 2020....

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

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...

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....

Beijing Plans to Launch Digital Renminbi Trials, Digital Wallet System in Free Trade Pilot Zone

The Chinese government has just released new plans for the Beijing free trade pilot zone that outline trials of the Chinese central...

Chinese Central Bank Makes Net Injection of $51.8 Billion via OMO on Tuesday

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...

Chinese Central Bank Announces that Digital Renminbi Is Ready for Deployment

The People's Bank of China (PBOC) has announced via its official news outlet that all preparations have been completed for the launch...

Chinese Central Bank Commits to Further Loan Prime Rate Reforms

The People's Bank of China (PBOC) has flagged the launch of further reforms to augment the sway of the benchmark Loan Prime...

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

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

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

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

PBOC Releases Financial Data for August, M2 Money Supply up 10.4% YoY

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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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

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

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

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