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Cross-border RMB use up over 20 pct in first eight months of 2024: report
The renminbi (RMB) has been used more frequently in cross-border trade in the first eight months of this year amid the growing presence of the Chinese currency in the global market, a central bank report showed.
October08,2024
China to cut reserve requirement ratio in near future: central bank governor
China will cut the reserve requirement ratio (RRR) by 0.5 percentage points in the near future, providing about 1 trillion yuan (about 141.78 billion U.S. dollars) in long-term liquidity to the financial market, Pan Gongsheng, governor of the People's Bank of China, said Tuesday.
September24,2024
Chinese, Vietnamese central banks sign MOU to enhance bilateral cooperation
The central banks of China and Vietnam on Monday inked a memorandum of understanding (MOU) on bilateral cooperation, according to the People's Bank of China (PBOC).
August20,2024
【Financial Str. Release】PBOC issues detailed rules for non-banking payment institution regulations
The People's Bank of China (PBOC) released a set of detailed rules to better facilitate implementation of the non-banking payment institution supervision and administration regulations, reported Xinhua Finance on July 27.
July29,2024
【Financial Str. Release】PBOC plans T-bond borrowing operations with open market biz primary dealers in near term
The People's Bank of China (PBOC), the Chinese central bank, decided to carry out T-bond borrowing operations with part of the open market business primary dealers in near future, reported Xinhua-run China Securities Journal on Tuesday.
July02,2024
China's credit structure improved in Q1: PBOC report
The outstanding loans extended by China's financial institutions came in at 251.8 trillion yuan (about 35.46 trillion U.S. dollars) at the end of the first quarter, central bank data showed on Friday.
May11,2024
China central bank governor calls for IMF quota reform
Pan Gongsheng, governor of the People's Bank of China (PBOC), the Chinese central bank, called on Asian countries on Wednesday to jointly push for the quota reform of the International Monetary Fund (IMF).
March28,2024
【Financial Str. Release】PBOC issues circular on OTC biz on interbank bond market, effective from May 1
The People's Bank of China (PBOC), the Chinese central bank, issued recently a circular, effective from May 1, 2024, to boost over-the-counter (OTC) business on interbank bond market, reported Xinhua Finance.
March06,2024
【Financial Str. Release】PBOC to support Shanghai in crafting RMB-denominated financial assets allocation center
Pan Gongsheng, governor of the People's Bank of China (PBOC) said PBOC will continuously enhance cross-border trade, investment and financing facilitation measures to support Shanghai in crafting the Renminbi-denominated financial assets allocation center, reported Xinhua Finance on Wednesday.
February29,2024
Economic Watch: China continues to strengthen financial sector's role in serving real economy
China is continuing to make concrete efforts to deepen the financial sector's role in serving the real economy as the fundamental goal of high-quality financial development, experts and insiders observed.
February04,2024
New guideline bolsters financial support for rental housing market
China will implement a new guideline to provide stronger financial support for the rental housing market.
January31,2024
【Financial Str. Release】PBOC releases circular to further support interbank market bond repo trading by foreign investors
The People's Bank of China (PBOC) released on January 24 an opinion-inviting circular to further support foreign institutional investors to carry out bond repurchase agreement (repo) trading on interbank bond market, reported Xinhua Finance.
January26,2024
PBOC solicits public opinion on overseas institutional investors conducting bond repos in interbank market
The People's Bank of China (PBOC) on Wednesday began soliciting public opinion on a circular concerning support for overseas institutional investors to carry out bond repurchase business in the interbank bond market.
January25,2024
PBOC to enhance global presence of RMB, manage risks
China will boost the internationalization of the RMB, guard against systemic risks, and foster a sound monetary and financial environment, according to the country's central bank.
January09,2024
【Financial Str. Release】PBOC to draft detailed rules for implementation of non-banking payment institution regulations
The People's Bank of China (PBOC), the Chinese central bank, will accelerate its pace to formulate the detailed rules for implementation of the non-banking payment institutions supervision and administration regulations, reported Xinhua-run Shanghai Securities News citing Zhang Qingsong, deputy governor of PBOC on Friday.
December29,2023
【Financial Str. Release】China's central bank adds liquidity via reverse repos
China's central bank conducted 374 billion yuan (about 52.7 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday.
December28,2023
China's central bank adds liquidity via reverse repos
China's central bank conducted 197 billion yuan (about 27.7 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday.
December08,2023
【Financial Str. Release】PBOC releases bond valuation biz rules for interbank bond market, effective from 2024
The People's Bank of China (PBOC), the Chinese central bank, released the bond valuation business management rules for interbank bond market on December 1, reported Xinhua Finance.
December04,2023
Interview: China's central bank to support real economy, guard against financial risks further
The central bank will ramp up support for the real economy, guard against systemic financial risks and deepen financial opening-up, according to People's Bank of China (PBOC) Governor Pan Gongsheng.
December04,2023
China's central bank pledges more financial support for private firms
China's central bank on Monday said it will continue to enhance financial support for private enterprises and work to lower their comprehensive financing costs.
November29,2023
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