text

China names Guo Shuqing as central bank party secretary: NYT tweet

GuoShuqing,headofChina’snewregulatorforthebankingandinsurancesectors,hasbeennamedasCommunistPartysecretaryofthePeople’sBankofChina(PBOC),thecentralbank,theNewYo

text

China eases market access for foreign payment firms

China'scentralbankonWednesdaylaidouttherulesforforeign-investedpaymentfirmsovermarketaccessandsupervision,inabidtoopenupitspaymentservicemarketandencouragecompe

text

China's central bank to standardize QR code payment

China'scentralbankonWednesdayannouncedplanstoregulateQRcodepaymenttocontainrisksarisingfromthepopularservice.AccordingtoadocumentreleasedbythePeople'sBankofChin

text

PBOC: China to continue implementing prudent, neutral monetary policy

Chinawillcontinueimplementingprudentandneutralmonetarypolicytocreateaneutralandmoderatefinancialenvironmentforsupply-sidestructuralreform,thecountry'scentralban

text

PBOC, MAS renew bilateral currency swap arrangement

​The People's Bank of China (PBOC) and the Monetary Authority of Singapore (MAS) on Tuesday announced the renewal of the existing bilateral currency swap arrangement (BCSA) for a further term of three years.

text

China to establish Shenzhen-HK Stock Connect this year: PBOC governor

China will set up the Shenzhen-Hong Kong Stock Connect this year, according to Zhou Xiaochuan, governor of the People's Bank of China (PBOC), the central bank.

text

China's rate cut to promote growth

China's central bank on Friday cut interest rates and lowered the reserve requirement ratio (RRR) to promote growth and interest rate liberalization.

text

Credit-asset pledged relending expansion not QE

The expansion of a credit-asset pledged relending program should not be misinterpreted as a Chinese version of quantitative easing (QE), a senior economist of the central bank told Xinhua on Wednesday.

text

China to curb speculation in forward forex transactions

China's new measure requiring commercial banks to pay risk deposit for forward foreign exchange sales aims to raise the cost of forex speculation and avoid excessive fluctuation, the central bank said Tuesday.

text

China cuts RRR, interest rates to stabilize economy

The People's Bank of China (PBOC), the central bank, announced cutting the reserve requirement ratio (RRR) and lowering key interest rates on Tuesday.

text

China to issue new 100-yuan bank note

The People's Bank of China (PBOC), the central bank, announced it would issue a new 100-yuan bank note from Nov. 12 on Monday.

text

Central bank promises more liquidity aids to CSF

China's central bank said Thursday it will continue to support liquidity need of China Securities Finance Corporation Limited (CSF), the national margin trading service provider, to stabilize a tumbling stock market.

text

China cuts interest rates to boost real economy

China's central bank on Sunday announced an interest rates cut starting May 11, the third time since November last year, to bolster the real economy.

text

ICBC to clear RMB business in Toronto

China's central bank on Sunday appointed the Industrial and Commercial Bank of China (ICBC) to clear transactions involving the country's currency, the Renminbi or yuan, in Canada's financial hub of Toronto.

text

China injects liquidity ahead of holiday

China's central bank injected short-term liquidity into the country's large commercial banks on Monday to ensure the stability of the country's monetary market ahead of the Spring Festival.

text

Commercial lenders told to control liquidity risks

China's central bank on Monday told the country's over-extended lenders to manage liquidity risks to stabilize the monetary environment.

text

China's central bank reiterates prudent monetary policy

China's central bank said on Sunday that the country will continue to implement the prudent monetary policy while fine-tuning it at proper time.