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 bank, reported on Tuesday that the trading of treasury bonds in the secondary market can be used as a liquidity management method and a reserve of monetary policy tools. "The PBOC's buying and selling of government bonds would be fundamentally different from those central banks' QE operations," the official told Financial News. The Financial News report also quoted the unidentified official as saying that China's long-term government bond yields will recover upon the issuance of ultra-long-term treasury bonds.

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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 …

China Traders Remain Calm Despite Specter of Trump's Impact on Yuan
2 months ago

China Traders Remain Calm Despite Specter of Trump's Impact on Yuan

Live Mint  

China's domestic yuan traders appear more confident than their offshore counterparts that the currency's turbulence will be contained around the US presidential election period. The onshore yuan has fallen 1.2% in October, while its offshore peer has dropped 1.6%. The central bank appears likely to intervene if the yuan keeps weakening, but there are a number of market players who …

Robust policy steps urged to boost economy
3 months, 3 weeks ago

Robust policy steps urged to boost economy

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. China should further bolster its economy by stepping up fiscal and monetary policy support, including raising the budget deficit and effecting more cuts in the reserve requirement ratio and interest rates, said economists and …

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. …

T-bond move seen safeguarding financial stability
5 months, 3 weeks ago

T-bond move seen safeguarding financial stability

China Daily  

This undated file photo shows an exterior view of the People's Bank of China in Beijing, capital of China. The People's Bank of China, the country's central bank, may soon sell borrowed long-term Chinese government bonds, a move that would help safeguard financial stability and add a new tool of liquidity management, market experts said. The move, which is considered …

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 …

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 …

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 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 …

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 …

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 …

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 …

China's central bank pledges continued opening-up of financial industry
4 years, 4 months ago

China's central bank pledges continued opening-up of financial industry

China Daily  

The People's Bank of China, the central bank, said on Aug 3 that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner. It will promote a full implementation of the foreign investment administration model of pre-establishment national treatment plus negative list, advance the internationalization of the renminbi and capital account convertibility …

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