Central Bank

PBOC to Deepen Forex Cooperation With Central, Eastern Europe

PBOC to Deepen Forex Cooperation With Central, Eastern Europe

China’s central bank will enhance cooperation with Central and Eastern European countries and explore yuan financing and issuance of green…

Jul 12, 2018
Liao Shumin
PBOC Aims to Promote Yuan’s Internationalization to New Level in 2018

PBOC Aims to Promote Yuan’s Internationalization to New Level in 2018

China's central bank the People's Bank of China has stressed the need to continuously strengthen optimize the cross-border business policy…

May 8, 2018
Liao Shumin
 PBOC Governor Yi Gang Is Elected Director of Bank for International Settlements

PBOC Governor Yi Gang Is Elected Director of Bank for International Settlements

The board of directors at the Bank for International Settlements (BIS) has elected Yi Gang, governor of central bank, the People’s Bank of China (PBOC), as its director.

May 8, 2018
Xu Wei
China Cuts Deposit Reserve Ratio to Extend Cash Available for Inclusive Finance

China Cuts Deposit Reserve Ratio to Extend Cash Available for Inclusive Finance

China’s central bank is lowering its deposit reserve ratio by 1 percentage point for most financial institutions as it looks…

Apr 18, 2018
Dou Shicong
PBOC Governor Says China Will Rein In Economic Stimulus

PBOC Governor Says China Will Rein In Economic Stimulus

China’s broad money reserves remain very sizable and the country will adjust monetary and foreign exchange policies this year to…

Mar 9, 2018
Liao Shumin
Chinese Doctors Look to Online Platforms for Extra Earnings Amid Stricter Regulations

Chinese Doctors Look to Online Platforms for Extra Earnings Amid Stricter Regulations

Chinese Doctors Look to Online Platforms for Extra Earnings Amid Stricter Regulations. HaoDaifu, a Chinese healthcare platform that allows doctors…

Jan 22, 2018
Ma Xioahua
Yuan Rises Following Inclusion in German Central Bank’s Forex Reserve

Yuan Rises Following Inclusion in German Central Bank’s Forex Reserve

The Chinese yuan rose today following reports that Deutsche Bundesbank, Germany’s central bank, will start to include it in its…

Jan 15, 2018
Xu Wei
China’s November Money Supply, New Loans Rise Despite Measures to Prevent Financial Risks

China’s November Money Supply, New Loans Rise Despite Measures to Prevent Financial Risks

China’s broad money supply (M2), newly-extended loans and the increment of aggregated social financing all beat economists’ expectations in November,…

Dec 12, 2017
Xu Wei
Credit Available to Chinese Bank Card Users Rose Last Quarter, PBOC Report Says

Credit Available to Chinese Bank Card Users Rose Last Quarter, PBOC Report Says

Chinese banks have upped the amount they make available to credit cards users, a report released by China’s central bank shows.

Dec 6, 2017
Xu Wei
PBOC Issues the Schedule for Investigations Into Unlicensed Payment Businesses

PBOC Issues the Schedule for Investigations Into Unlicensed Payment Businesses

China’s central bank, the People’s Bank of China (PBOC), has issued a timescale for the regulation of unlicensed payment businesses,…

Nov 23, 2017
Dou Shicong
Yuan Is World’s Sixth Largest Payment Currency With 1.68% Market Share, PBOC Says

Yuan Is World’s Sixth Largest Payment Currency With 1.68% Market Share, PBOC Says

The yuan has been the world's sixth-largest payment currency since the end of last year, holding a market share of…

Oct 19, 2017
Dou Shicong

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