Tuesday, January 26, 2021
Tags People's Bank of China

Tag: People's Bank of China

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

China Set to Contain Regional Debt Risk via Assessment-based Quotas

Domestic sources expect regulators to accelerate efforts to contain hidden local government debt risk, after the issue was heavily stressed by the...

Chinese Central Bank Calls for Stronger Macro-prudential Regulation of Online Finance at Inaugural Work Meeting for 2021

The People's Bank of China (PBOC) has sent a raft of key policy signals at its inaugural work meeting for 2021, including...

Chinese Central Bank’s 2020 Q4 Meeting Highlights Support for Post-COVID 19 Recovery, Stable Yet Flexible Monetary Policy

The routine meeting of the People's Bank of China (PBOC) for the final quarter of 2020 has highlighted the maintenance of stable...

PBOC Undertakes 20 Billion Yuan in Reverse Repo Operations on 28 December for Net Injection of 10 Billion Yuan

The People’s Bank of China (PBOC) announced that it undertook 20 billion yuan in reverse repo operations on 28 December.

Chinese Regulators Demand Ant Group “Return” to Payments During Official Talks Following Launch of Anti-trust Probe into Alibaba

A senior official from the People's Bank of China (PBOC) has shed light on the nature of the "regulatory discussions" held with...

PBOC Undertakes 5 Billion Yuan in Central Bank Bill Swap Operations on 24 December

The Peo­ple’s Bank of China (PBOC) conducted 5 bil­lion yuan in cen­tral bank bill swap (CBS) operations on 24 December, with a...

“Substitute Data,” Blockchain and Big Data Play Key Role in Creation of Society-spanning Credit System: Chinese Central Bank

The People's Bank of China (PBOC) has stressed the importance of alternative data sources in its efforts to create a unified credit...

Chinese Central Bank Launches Its Fifth Fintech Subsidiary in Shenzhen

The People's Bank of China (PBOC) has just opened a new fintech subsidiary in the southern tech hub of Shenzhen.

Chinese Central Bank Undertakes 50 Billion Yuan in Reverse Repos on 7 December

The People's Bank of China (PBOC) announced on 7 December that it had undertaken 50 billion yuan (approx. USD$7.65 billion) in 7-day...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...