People's Bank of China

Finance & Economics

China Cuts Interest Rates

In the space of China’s economic system, which is currently the second largest in the world, an unexpected decision by the financial authorities was recorded in the form of lowering borrowing costs.

Finance & Economics

People’s Bank of China Takes More Control Over Rates

The People’s Bank of China has tightened its control over interest rates, deciding to introduce a new mechanism to influence the cost of short-term borrowing.

Finance & Economics

China’s Central Bank Leaves Key Rate Unchanged

The People’s Bank of China has decided to leave the key interest rate unchanged.

News

China’s Rate-Cut Calls Rise

In China, calls for cutting interest rates are now becoming louder and louder, which are addressed to the central bank of this Asian country.

Finance & Economics

China Credit Engine Goes Into Reverse

A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.

News

PBOC Chief Plans to Deepen Currency Ties With Asian Economies

People’s Bank of China Governor Pan Gongsheng said that the country will seek to intensify currency cooperation with other Asian economies to strengthen financial stability in the region.

Finance & Economics

China’s Consumer Prices Rise for First Time in Half-Year

Positive consumer inflation has been recorded in China for the first time in the last six months.

News

Chinese Banks Loans Hit All-Time Monthly High

During January, local financial institutions in China issued a record number of loans to citizens.

Finance & Economics

China Cuts Banks’ Reserve Ratio

The People’s Bank of China announced a deep cut in bank reserves on Wednesday, January 24.

Finance & Economics

China Injects $50 Billion Into Some Banks

Last month, the People’s Bank of China injected almost $50 billion into policy-oriented lenders.

News

China Leaves Lending Benchmark Rates Unchanged

In China, local financial authorities on Wednesday, December 20, decided to keep benchmark lending rates at a monthly level, which corresponds to preliminary market expectations and is a predictable action that does not go beyond the most likely scenarios.

Finance & Economics

China to Focus on Sustainable Growth

Pan Gongsheng, governor of the People’s Bank of China, said that at present, high-quality and sustainable growth is the most important for this country in terms of priorities related to the economic system.

Finance & Economics

China Injects Record Cash to Sustain Low Rates

Record cash infusion can help rates in China to remain low, motivating lenders to support a higher issuance of government bonds and make more loans to clients.

Finance & Economics

China to Make Its Business Environment More Friendly for Foreign Companies

The head of the central bank of China announced his intention to open up the country’s financial industry to closer cooperation with foreign companies and make the local business environment favorable for the activities of brands from other states.

Finance & Economics

China’s Central Bank Calls On Financial Sector to Help Fund Technology Research

The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.

News

China’s Central Bank Warns Against ChatGPT Data Leaks

The Chinese Payment Association, whose activities are carried out at the expense of state funding, announced the potential danger of using generative artificial intelligence tools.