PBOC sets goals to support economic growth, development
11 months, 2 weeks ago

PBOC sets goals to support economic growth, development

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. China's central bank will work to sustain buoyant financing activity while expanding financial opening-up this year as part of its efforts to effectively support economic growth and high-quality development. The People's Bank of China, the country's central bank, said on Friday that it will focus on ensuring a balanced allocation of new credit, enhance the efficiency of existing funds and improve the credit structure so that social financing can achieve a relatively rapid growth in a sustainable way throughout the year. The PBOC said in a statement following its two-day annual work meeting through Friday that it will deepen financial market opening-up by making it easier for foreign investors to take part in China's bond market. Efforts will also be made to enhance the connectivity of domestic and overseas financial infrastructures, engage in the formulation of international trade rules involving the financial sector, further improve the policy system that facilitates cross-border renminbi use and improve payment services for overseas visitors to China, the central bank said.

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History of this topic

PBOC pledges more monetary policy support
1 month, 1 week ago

PBOC pledges more monetary policy support

China Daily  

China's central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. Feng Jianlin, chief economist at Beijing FOST Economic Consulting Co, said the central bank may soon coordinate with the 2 trillion yuan in bond …

PBOC pledges more monetary policy support
1 month, 1 week ago

PBOC pledges more monetary policy support

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. Feng Jianlin, chief economist at Beijing FOST Economic Consulting …

Financial regulators reiterate opening-up, enhancing contacts with market
1 month, 2 weeks ago

Financial regulators reiterate opening-up, enhancing contacts with market

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's financial regulators have reiterated their opening-up commitment and vowed to enhance communication with the market, highlighting Chinese policymakers' strengthened emphasis on consolidating capital market investor confidence amid elevated external uncertainties. The People's Bank of China, the country's central bank, held a meeting on the …

China to steadily push forward financial opening-up: central bank
Trending News
1 month, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Xinhua | Updated: 2024-11-07 17:00 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, …

China to steadily push forward financial opening-up: central bank
Top News
1 month, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, improve the quality and efficiency …

PBOC hints at further cuts in the reserve requirement ratio
3 months, 2 weeks ago

PBOC hints at further cuts in the reserve requirement ratio

China Daily  

The financial district of Pudong New Area. China will intensify counter-cyclical monetary measures at the aggregate level, central bank officials said on Thursday, implying room for further reductions in the reserve requirement ratio. Zou Lan, head of the Monetary Policy Department of the People's Bank of China, the country's central bank, said that the current average RRR of financial institutions …

Economy to get greater financial policy support
5 months ago

Economy to get greater financial policy support

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China cut key interest rate benchmarks on Monday, demonstrating policymakers' strong commitment to strengthening macroeconomic policy support and putting into effect the measures outlined last week at a key meeting of the central leadership of the Communist Party of China, economists and analysts said. With …

China’s Central Bank to add temporary repos depending on market conditions
5 months, 2 weeks ago

China’s Central Bank to add temporary repos depending on market conditions

Hindustan Times  

China’s central bank will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to its traditional morning operations, tightening its control over short-term interest rates. The People’s Bank of China said it will conduct such operations “depending on the market situation” between 4 p.m. and 4:20 p.m. each working day, according to a statement on Monday. …

PBOC may up bond trading
7 months, 4 weeks ago

PBOC may up bond trading

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China's central bank will likely increase the trading of government bonds as a liquidity management tool, yet such a move should not be misunderstood as quantitative easing, officials and experts said. Financial News, a newspaper backed by the People's Bank of China, the country's central …

China's economic recovery gets off to a great start this year
8 months ago

China's economic recovery gets off to a great start this year

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. China's economic recovery has gotten off to a good start this year, laying a solid foundation for achieving annual economic targets, said Pan Gongsheng, governor of the People's Bank of China, the country's central bank. Addressing the 49th meeting of the International …

Visitors to benefit from payments revamp
8 months, 2 weeks ago

Visitors to benefit from payments revamp

China Daily  

Visitors purchase cashmere products through mobile payment methods during the 20th China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, in September. The People's Bank of China, the country's central bank, and the Beijing municipal government jointly held a meeting on March 28 to enhance payment services, as part of the country's strong push to simplify the payment process for foreign …

Visitors to benefit from payments revamp
8 months, 2 weeks ago

Visitors to benefit from payments revamp

China Daily  

Visitors purchase cashmere products through mobile payment methods during the 20th China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, in September. The People's Bank of China, the country's central bank, and the Beijing municipal government jointly held a meeting on March 28 to enhance payment services, as part of the country's strong push to simplify the payment process for foreign …

PBOC unveils relending facility for tech innovation, transformation
8 months, 2 weeks ago

PBOC unveils relending facility for tech innovation, transformation

China Daily  

A staff member works on the production line of a semiconductor production company in Yangxin county, Binzhou city, East China's Shandong province on April 1, 2024. The People's Bank of China has established a relending facility to support technological innovation and transformation, showcasing the central bank's commitment to providing accurate and effective support for the real economy. The new facility …

China's central bank to enhance implementation of monetary policies
8 months, 3 weeks ago

China's central bank to enhance implementation of monetary policies

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. BEIJING -- China's central bank on Wednesday pledged efforts to enhance the implementation of a slew of monetary policies -- in order to effectively stimulate the economy. The bank will appropriately increase the relending and rediscount quota for small enterprises and the agriculture sector, make good …

Central bank committed to prudence
8 months, 3 weeks ago

Central bank committed to prudence

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. China's central bank may regard treasury bond trading in the secondary market as one of the common means to provide liquidity — a practice that hasn't been active for about two decades and a meaningful means to optimize its monetary policy system, experts said. Discussions of …

Bond comments by China’s Xi hint at possible expansion of PBOC toolkit
8 months, 3 weeks ago

Bond comments by China’s Xi hint at possible expansion of PBOC toolkit

Live Mint  

A months-old speech by China’s top leader has stoked speculation around aggressive liquidity boosts from Beijing. While economists have generally shrugged off such a possibility, some say that more trading of treasury bonds could bring the country’s central bank more in line with practices adopted by peers in developed markets. Economists say U.S.-style “quantitative easing," in which a central bank …

Beijing steps up efforts to enhance payment systems for foreigners
8 months, 3 weeks ago

Beijing steps up efforts to enhance payment systems for foreigners

China Daily  

Chinese capital Beijing is expected to step up efforts to enhance payment services for foreigners in China, as part of the country's broader endeavors to improve the business climate and expand high-level opening-up. In a meeting held on Thursday, government officials from the People's Bank of China, the country's central bank, and the city, as well as executives from branches …

PBOC urges Shanghai financial institutions to improve foreign payment services
9 months, 1 week ago

PBOC urges Shanghai financial institutions to improve foreign payment services

China Daily  

The People's Bank of China, the country's central bank, has urged financial institutions in Shanghai to further intensify efforts to improve payment services for foreign visitors with relevant efforts having already reaped positive progress. In a meeting with financial institutions in Shanghai on Friday, the PBOC called on them to accelerate efforts and amplify resource input to achieve more progress …

PBOC releases guide to payment services for foreigners
9 months, 1 week ago

PBOC releases guide to payment services for foreigners

China Daily  

The People's Bank of China, the country's central bank, has released a guide to payment services in China on Thursday as the latest step of the country's continuous efforts to optimize the payment experience of foreigners. Available in both English and Chinese, the guide introduces a variety of payment methods accessible to foreigners in China -- ranging from bank cards …

PBOC releases guide to payment services for foreigners
9 months, 1 week ago

PBOC releases guide to payment services for foreigners

China Daily  

The People's Bank of China, the country's central bank, has released a guide to payment services in China on Thursday as the latest step of the country's continuous efforts to optimize the payment experience of foreigners. Available in both English and Chinese, the guide introduces a variety of payment methods accessible to foreigners in China -- ranging from bank cards …

Foreign capital in financial sector in focus
9 months, 2 weeks ago

Foreign capital in financial sector in focus

China Daily  

Yi Gang, deputy director of the Committee on Economic Affairs of the 14th National Committee of the Chinese People's Political Consultative Conference, delivers a speech during the ongoing two sessions on Thursday in Beijing. ZOU HONG/CHINA DAILY Chinese policymakers and political advisers during the ongoing two sessions have stressed the need to attract more foreign investment in the country's financial …

PBOC’s bold move: Injects $112 billion lifeline amid economic challenges
1 year ago

PBOC’s bold move: Injects $112 billion lifeline amid economic challenges

Live Mint  

In a bid to fortify its economy facing challenges from a housing slump and subdued demand, China extended its support for the economy with the largest injection of medium-term policy loans, Bloomberg reported. The People’s Bank of China provided commercial lenders with a substantial net amount of 800 billion yuan in one-year loans while maintaining the existing interest rate. This …

PBOC may take steps on local govt debt strain
1 year, 1 month ago

PBOC may take steps on local govt debt strain

China Daily  

China's central bank is likely to provide low-cost funding for commercial banks assisting certain local governments in addressing their debt strain, underlining the country's growing emphasis on defusing local government debt risks, experts said. Their comments echoed the remarks of Pan Gongsheng, governor of the People's Bank of China, who said in a China Central Television interview on Friday that …

PBOC to provide emergency liquidity support in necessary circumstances
1 year, 1 month ago

PBOC to provide emergency liquidity support in necessary circumstances

China Daily  

The People's Bank of China. The People's Bank of China, the country's central bank, will provide emergency liquidity support for local governments facing relatively heavy debt burden when necessary, said Pan Gongsheng, governor of the PBOC. Overall, China's size of government debt is on the lower-middle end globally, Pan said on Wednesday at the opening ceremony of the Annual Conference …

PBOC to maintain reasonable, ample liquidity
1 year, 4 months ago

PBOC to maintain reasonable, ample liquidity

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China's central bank said on Thursday it will comprehensively utilize various monetary policy tools, maintain reasonable and ample liquidity and ensure moderate and steady growth of money supply and credit. And it will also flexibly conduct open market operations, keep liquidity in the banking system …

China's central bank pledges further support for private enterprises
1 year, 4 months ago

China's central bank pledges further support for private enterprises

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing. BEIJING -- The People's Bank of China, the central bank, has pledged to increase financial support for the country's private enterprises. The PBOC will strengthen coordination between financial, fiscal and industrial policies, and will guide more financial resources into the private economy, said Pan Gongsheng, the …

China's central bank pledges further support for private enterprises
1 year, 4 months ago

China's central bank pledges further support for private enterprises

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing. BEIJING -- The People's Bank of China, the central bank, has pledged to increase financial support for the country's private enterprises. The PBOC will strengthen coordination between financial, fiscal and industrial policies, and will guide more financial resources into the private economy, said Pan Gongsheng, the …

Asian Infrastructure Investment Bank | Banking on China
1 year, 6 months ago

Asian Infrastructure Investment Bank | Banking on China

The Hindu  

Canada’s decision to “immediately halt” its involvement in the Asian Infrastructure Investment Bank has brought the spotlight to the inner workings of the Beijing-based multilateral development bank. At the bank’s launch in 2016, Mr. Xi said the goal was for “member states act in strict compliance with multilateral procedures, making sure that the AIIB becomes a truly international, rule-based and …

PBOC cuts rates to boost growth
1 year, 6 months ago

PBOC cuts rates to boost growth

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing. Move comes amid stepped-up efforts to consolidate recovery, hike confidence China's central bank cut its short-term lending rate, the first such move since August 2022, as the country stepped up measures to consolidate economic recovery and restore market confidence amid downward pressure, analysts said on Tuesday. …

PBOC cuts rates to boost growth
1 year, 6 months ago

PBOC cuts rates to boost growth

China Daily  

Move comes amid stepped-up efforts to consolidate recovery, hike confidence China's central bank cut its short-term lending rate, the first such move since August 2022, as the country stepped up measures to consolidate economic recovery and restore market confidence amid downward pressure, analysts said on Tuesday. Thanks to Tuesday's policy interest rate cut, the country's key benchmark lending rates for …

央行发布报告:人民币国际化各项指标总体向好
2 years, 2 months ago

央行发布报告:人民币国际化各项指标总体向好

China Daily  

中国人民银行近日发布的《2022年人民币国际化报告》显示，2021年以来，人民币国际化各项指标总体向好，人民币支付货币功能稳步提升，投融资货币功能进一步深化，储备货币功能不断上升，计价货币功能逐步增强。专家表示，随着中国进一步推进金融市场开放，深化贸易和投资合作，人民币全球使用量有望稳步提升，并在维护国际金融稳定方面发挥更大作用。 China's renminbi is expected to continue its steady rise in global use and play a bigger part in safeguarding international financial stability, as the country further advances its financial opening-up while deepening trade and investment cooperation, experts said. The central bank pledged efforts to facilitate the use of the renminbi in cross-border trade and investment, deepen the financial market's …

PBOC steps up support for real economy
2 years, 7 months ago

PBOC steps up support for real economy

China Daily  

China is expected to deepen deposit rate reforms to lower corporate financing costs as part of the central bank's well-calibrated efforts to strike a balance between stabilizing economic growth and sheltering from the risk of capital outflows, economic experts said on Tuesday. They gave the remarks after the People's Bank of China, the country's central bank, said it had guided …

PBOC steps up support for real economy
2 years, 7 months ago

PBOC steps up support for real economy

China Daily  

China is expected to deepen deposit rate reforms to lower corporate financing costs as part of the central bank's well-calibrated efforts to strike a balance between stabilizing economic growth and sheltering from the risk of capital outflows, economic experts said on Tuesday. They gave the remarks after the People's Bank of China, the country's central bank, said it had guided …

PBOC steps up support for real economy
2 years, 7 months ago

PBOC steps up support for real economy

China Daily  

China is expected to deepen deposit rate reforms to lower corporate financing costs as part of the central bank's well-calibrated efforts to strike a balance between stabilizing economic growth and sheltering from the risk of capital outflows, economic experts said on Tuesday. They gave the remarks after the People's Bank of China, the country's central bank, said it had guided …

PBOC may have to juice China’s economy as ‘stagflation’ risk rises
3 years, 1 month ago

PBOC may have to juice China’s economy as ‘stagflation’ risk rises

CNN  

Hong Kong CNN Business — A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. Liu Shijin, a member of the People’s Bank of China’s monetary policy committee, told an online forum on Sunday that the world’s second largest economy may have to deal with “quasi-stagflation” the rest of this year and into …

PBOC to cut reserve ratio, add liquidity
3 years, 5 months ago

PBOC to cut reserve ratio, add liquidity

China Daily  

The People's Bank of China in Beijing. China's central bank announced on Friday it would reduce the cash financial institutions are required to keep in reserve and release about 1 trillion yuan of liquidity effective on Thursday, an expected measure undertaken to better support the real economy and keep corporate financing costs at a low level. The People's Bank of …

PBOC to cut reserve ratio, add liquidity
3 years, 5 months ago

PBOC to cut reserve ratio, add liquidity

China Daily  

The People's Bank of China in Beijing. China's central bank announced on Friday it would reduce the cash financial institutions are required to keep in reserve and release about 1 trillion yuan of liquidity effective on Thursday, an expected measure undertaken to better support the real economy and keep corporate financing costs at a low level. The People's Bank of …

More credit urged for small biz
3 years, 5 months ago

More credit urged for small biz

China Daily  

The booth of China Minsheng Bank promotes lending to smaller businesses during an expo in Beijing. Central bank asks lenders to utilize special policy tools, shore up real economy China's central bank has urged banking financial institutions to increase credit supply to smaller businesses. The PBOC also called upon lenders to scale up inclusive financing services, and continually increase credit …

More credit urged for small biz
3 years, 5 months ago

More credit urged for small biz

China Daily  

The booth of China Minsheng Bank promotes lending to smaller businesses during an expo in Beijing. Central bank asks lenders to utilize special policy tools, shore up real economy China's central bank has urged banking financial institutions to increase credit supply to smaller businesses. The PBOC also called upon lenders to scale up inclusive financing services, and continually increase credit …

Central bank pledges flexible, precise implementation of monetary policy
3 years, 5 months ago

Central bank pledges flexible, precise implementation of monetary policy

China Daily  

China will implement its monetary policy in a flexible and precise way and strike a balance between economic recovery and risk prevention, the central bank has said. In a statement released after a quarterly meeting of its monetary policy committee, the People's Bank of China has pledged efforts to keep the economy running within an appropriate range and ensure that …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

PBOC raises requirement for banks' forex deposits
3 years, 6 months ago

PBOC raises requirement for banks' forex deposits

China Daily  

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. The People's Bank of China announced the increase in the required reserve ratio on foreign exchange deposits in financial institutions to 7 percent from 5 percent, to improve forex liquidity management in financial institutions. The boosting of the forex deposit reserve ratio …

PBOC reiterates proactive monetary policy stance
3 years, 7 months ago

PBOC reiterates proactive monetary policy stance

China Daily  

A teller helps a client with his deposit business at a bank branch in Nantong, Jiangsu province. Efforts will also be made to continuously improve the market-oriented interest rate system and the monetary policy transformation mechanism along with other steps like optimizing the deposit rate regulations and further lowering the lending rates, the report said. The central bank has said …

China to toughen supervision of non-bank payment institutions
3 years, 11 months ago

China to toughen supervision of non-bank payment institutions

China Daily  

China's central bank has released a draft for comments of regulations aimed at strengthening anti-monopoly supervision of payment services by non-bank institutions. If a non-bank payment institution meets certain conditions in terms of market share, the People's Bank of China can provide early warning of a range of measures, including regulatory interviews, according to the draft. If non-bank payment institutions …

PBOC promises sound financial environment
4 years ago

PBOC promises sound financial environment

China Daily  

A teller explains cash deposit procedures to a customer at a bank in Lianyungang, Jiangsu province. WANG CHUN/FOR CHINA DAILY Market-oriented reform of interest and exchange rates to deepen next year China will maintain a prudent monetary policy, which is flexible, precise, reasonable and moderate next year, while providing financial support in key areas and preventing financial risks, according to …

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