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 bank's governor, at a symposium Thursday on enhancing financial support for private enterprises. Pan said the scale of instruments to support private enterprises in debt financing will be expanded, and work will be done to strengthen the financial market's support for private enterprises. Pan also pledged to precisely implement differentiated housing credit policies, meet the reasonable financing needs of private real estate enterprises and promote the sound development of the real estate sector.

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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 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 …

Steps will add support for private enterprises
5 months ago

Steps will add support for private enterprises

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. More efforts will be made to remove barriers to market access, improve the long-term mechanism for private enterprises to participate in major national projects, support capable private companies in leading significant national technological and innovation projects, and provide private enterprises with greater access to major national …

Steps will add support for private enterprises
5 months ago

Steps will add support for private enterprises

China Daily  

An employee checks export-bound products at a spandex producer in Lianyungang, Jiangsu province. More efforts will be made to remove barriers to market access, improve the long-term mechanism for private enterprises to participate in major national projects, support capable private companies in leading significant national technological and innovation projects, and provide private enterprises with greater access to major national scientific …

Steps will add support for private enterprises
5 months ago

Steps will add support for private enterprises

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. More efforts will be made to remove barriers to market access, improve the long-term mechanism for private enterprises to participate in major national projects, support capable private companies in leading significant national technological and innovation projects, and provide private enterprises with greater access to major national …

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 …

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 …

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 …

Double Whammy: China's already beleaguered banks may be pushed to play lifebuoy for realty in rags
1 year ago

Double Whammy: China's already beleaguered banks may be pushed to play lifebuoy for realty in rags

Firstpost  

This risky form of support threatens to worsen an already grim outlook. Financial institutions like Industrial and Commercial Bank of China Ltd. which is already grappling with surging bad loans and historically low net interest margins, may soon be asked to provide unsecured loans to developers, many of whom are either in default or on the verge of collapse, according …

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 …

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 …

Measures to bolster private investment
1 year, 4 months ago

Measures to bolster private investment

China Daily  

China has unveiled a series of measures to stimulate the vitality of private investment and boost confidence, signaling the country's latest push to bolster the private sector and shore up the world's second-largest economy. Warning of challenges to the private sector, including lackluster demand, rising production costs and financing difficulties, they called for more steps to tackle issues faced by …

Measures to bolster private investment
1 year, 4 months ago

Measures to bolster private investment

China Daily  

China has unveiled a series of measures to stimulate the vitality of private investment and boost confidence, signaling the country's latest push to bolster the private sector and shore up the world's second-largest economy. Warning of challenges to the private sector, including lackluster demand, rising production costs and financing difficulties, they called for more steps to tackle issues faced by …

China strengthens lending support for private enterprises
3 years ago

China strengthens lending support for private enterprises

China Daily  

BEIJING -- China has increased lending support for the private sector, with new loans to private enterprises reaching 5 trillion yuan in the first 10 months of 2021, according to China's top banking and insurance regulator. Outstanding loans to private enterprises by banking financial institutions stood at 53.1 trillion yuan as of September this year, 15 trillion yuan more than …

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 …

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 …

Financing for small firms gets priority
4 years, 4 months ago

Financing for small firms gets priority

China Daily  

The People's Bank of China, the central bank, has stepped up countercyclical adjustments and launched multiple, innovative monetary instruments with direct access to small businesses to stabilize enterprises and secure employment, according to Yi Gang, the central bank governor. The outstanding balance of loans to micro and small enterprises with a total credit line of up to 10 million yuan …

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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