Friday, April 16, 2021
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Banking

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Banking

PBOC Commits to Stable Monetary Policy as Enterprise Loan Interest Rates Drop to Record Low, Commercial Lenders See First Profit Decline Since 2003

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The People's Bank of China (PBOC) has reiterated its commitment to stable monetary policy following the release of key financial data for...
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Economy

Still No Schedule for Official Launch of Digital Renminbi a Year After Start of Testing: Chinese Central Bank

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A senior official from the Chinese central bank says that there is still no formal timetable for the official launch of the...
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Banking

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

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The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...
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Banking

PBOC’s Monetary Policy Committee Commits to Further Reductions in Real Interest Rates for Loans

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The Chinese central bank has reiterated its commitment to reductions in borrowing costs for key areas of the real economy.
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Economy

Chinese Central Bank Takes Leading Role in NGFS Initiative to Investigate Relationship Between Biodiversity and Financial Stability

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A senior official from the People's Bank of China (PBOC) will play a leading role in a new initiative launched by the...
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Banking

Chinese Central Bank Issues Assessment Standards for Application of Artificial Intelligence to Finance

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The Chinese central bank has issued a new set of assessment standards for artificial intelligence (AI)-based fintech applications.
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Banking

China Issues Additional Capital Requirements for Systemically Important Banks

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China's top financial authorities have just issued new rules that outline additional requirements for the country's systemically important banking sector financial institutions....
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Fintech

Chinese Central Bank Sheds Further Light on Joint-venture with SWIFT

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The People's Bank of China (PBOC) has issued an official notice providing more information on Jinrong Wangguan Xinxi Fuwu Co., Ltd. (Financial...
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Economy

Chinese Central Bank Commences Work on New Payments Data Centre in Guizhou Province

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Construction work has officially commenced on a new central bank data centre situated in the south-western province of Guizhou.
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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

Banking CBNEditor - 0
The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
Read more

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

Finance CBNEditor - 0
The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

Economy CBNEditor - 0
China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Banking CBNEditor - 0
Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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