Thursday, October 22, 2020
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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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...