Wednesday, October 21, 2020
Tags People's Bank of China

Tag: People's Bank of China

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 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 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...

PBOC Makes Net Injection of $2.92 Billion via OMO on 3 September

The Chinese central bank made a net injection of 20 billion yuan (approx. USD$2.92 billion) via open market operations on 3 September....

Chinese Central Bank Releases White Paper on International Benchmark Interest Rate Reforms

The Chinese central bank has just released a white paper on efforts to reform international benchmark rates, signalling its commitment to a...

Chinese Central Bank Injects More than $281 Billion over 15 Day Period in August

The People's Bank of China (PBOC) stepped up its open market operations in the month of August with a consecutive 15-day run...

PBOC Con­ducts 8th Cen­tral Bank Bill Swaps Op­er­a­tion on 27 August

The Peo­ple’s Bank of China (PBOC) announced on the morning of 27 August that it would conduct a 5 bil­lion yuan cen­tral...

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Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...