Monday, April 19, 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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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...