Sunday, January 17, 2021
Tags Sheng Songcheng

Tag: Sheng Songcheng

Ex-PBOC Official Opposes Use of Blockchain Technology for Monetary Purposes, Says Virtual Currency Not Real Money

A former senior official with the Chinese central bank has come out against the use of blockchain technology in the area of...

Foreign Reserves Will Suffer if Renminbi Falls Below Seven to the Greenback: PBOC Adviser

A senior adviser to the People's Bank of China (PBOC) says that the yuan should not be allowed to drop beneath the threshold of...

PBOC Advisor Says New Asset Management Rules Won’t Cause Crisis

One of the senior-most advisors to the Chinese central bank says the release of strict new regulations governing China's asset management sector can effectively...

PBOC Director Opposes Benchmark Deposit Rate Hikes

One of the Chinese central bank's senior-most officials and a sitting member of the National People's Congress has expressed his opposition to hikes in...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

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...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.