central bank

China’s Push for Inclusive Finance Is Progressing Steadily, PBOC Says

China’s Push for Inclusive Finance Is Progressing Steadily, PBOC Says

Chinese services aimed at making finance more inclusive developed steadily last year, with the number of unbanked citizens becoming almost…

Aug 14, 2018
Tang Shihua
Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says

Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says

Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says. The internationalization of the yuan should be carried out in…

Aug 13, 2018
Song Yikang
Central Banks the World Over Are Mulling Digital Fiat Currencies

Central Banks the World Over Are Mulling Digital Fiat Currencies

Central bank executives and cryptocurrency experts from a range of nations are looking into the possibility of a digital fiat coin to tame drastic price fluctuations and avert money lost to hackers.

Aug 6, 2018
Duan Siyu
Deposit Rates Dive as China Banks Enjoy Loosened Liquidity

Deposit Rates Dive as China Banks Enjoy Loosened Liquidity

Deposit Rates Dive as China Banks Enjoy Loosened Liquidity. China’s treasury deposit interest rates have tumbled by more than a…

Jul 18, 2018
She Qingqi
Shifts in Market Sentiment Led to Recent Yuan Fluctuations, Financial Academic Says

Shifts in Market Sentiment Led to Recent Yuan Fluctuations, Financial Academic Says

Changing market sentiments in the foreign exchange market have played a key role in the recent fluctuations affecting the yuan’s…

Jul 16, 2018
Xu Yanyan
[Comment] US Duties Will Have Slight Effect; China Must Look to Itself, Ex-PBOC Official Says

[Comment] US Duties Will Have Slight Effect; China Must Look to Itself, Ex-PBOC Official Says

The US released a list of 25-percent tariffs added to USD50 billion worth of Chinese goods on June 15. Though…

Jul 7, 2018
Sheng Songcheng
Chinese Yuan Tumbles, Two PBOC Bosses Say Its Level Is Fine

Chinese Yuan Tumbles, Two PBOC Bosses Say Its Level Is Fine

China's central bank has once again said it will keep the Chinese yuan's exchange rate at an appropriate level despite the fact that June was the most weakening month to the currency ever.

Jul 3, 2018
Tang Shihua
Chinese Stocks Languish Despite USD108 Billion Freed in Reserve Ratio Cut

Chinese Stocks Languish Despite USD108 Billion Freed in Reserve Ratio Cut

China’s Planned RRR Cut Fails to Spur Stock Markets. China’s main stock indexes failed to bounce back today despite the…

Jun 25, 2018
Tang Shihua
 China's Monetary Policy Should Not Be Relaxed, PBOC Counselor Says

China's Monetary Policy Should Not Be Relaxed, PBOC Counselor Says

China's monetary policy should not be relaxed or otherwise the efforts to reduce fiscal institutions' and corporations' debt will go…

Jun 19, 2018
Tang Shihua
Yi Gang to Head PBOC’s Monetary Policy Panel as Zhou Xiaochuan Departs

Yi Gang to Head PBOC’s Monetary Policy Panel as Zhou Xiaochuan Departs

Yi Gang, governor of the People’s Bank of China, has ascended to chief of the Monetary Policy Committee as the central bank rejigs members of the panel.

Jun 15, 2018
Liao Shumin
China’s Deleveraging Efforts Led to Big Fall in Social Financing Last Month, PBOC Adviser Says

China’s Deleveraging Efforts Led to Big Fall in Social Financing Last Month, PBOC Adviser Says

An adviser to People’s Bank of China attributes a sharp drop in social financing in May to the central bank’s efforts to expand deleveraging in the world’s second-biggest economy.

Jun 14, 2018
Zhou Ailin
China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

The frequent outbreaks of financial irregularities have been effectively curbed since the Chinese government has cracked down on internet financial…

Jun 8, 2018
Tang Shihua