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China central bank News

China central bank

17 Mar 2023

China Cuts Banks' Reserve Ratio For First Time In 2023 To Aid Recovery

The central bank has promised to make its policy "precise and forceful" this year to support the economy, keeping liquidity reasonably ample and lowering funding costs for businesses.

12 Apr 2020

People's Bank of China increases stake in HDFC to over 1 per cent

The central bank of China currently has nearly 1.75 crore shares in HDFC during the quarter ended March, according to data submitted by the company at the BSE.

China central bank

21 Sep 2017

China's central bank tells banks to stop doing business with North Korea

Chinese banks received the document on Monday, the sources said.

10 Apr 2017

PBOC to skip open market operations for the 11th straight session

China`s central bank said it would skip open market operations on Monday, citing "relatively high" liquidity level in the banking system despite some impact from local government bond issuance.

china Finance Minister

07 Nov 2016

China replaces Finance Minister Lou Jiwei; aims at fiscal boost to economy

China today replaced finance minister Lou Jiwei, state media reported, with some analysts predicting more fiscal stimulus in the world's second-largest economy.

China central bank

04 May 2016

China cuts yuan fix in biggest move since devaluation

China only allows the yuan to rise or fall two percent on either side of the daily fix, one of the ways it maintains control over the currency.

China central bank

29 Feb 2016

China cuts bank reserve requirements for economic boost

China's central bank today cut the proportion of funds banks must set aside as reserves, according to a statement, in the latest attempt to tackle slowing growth in the world's second-largest economy.

25 Sep 2015

China central banker calls for more reforms now, warns of cost of delay

China should continue with financial reform now, a senior Chinese central banker said on Friday, warning that costs will increase if reforms are delayed.

07 Sep 2015

China FX reserves fall record $93.9 bn in Aug as central bank supports yuan

A large portion of China`s reserves are held in U.S. Treasuries. Last week, traders suspected China of selling Treasuries.

13 Aug 2015

China cuts yuan rate for 3rd straight day by more than 1%

China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.

12 Aug 2015

Chinese currency devaluation appears a welcome step: IMF

China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.

12 Aug 2015

China devalues its currency Yuan: What will be the worldwide impact

China cut the value of the yuan against the dollar for a second consecutive day.

11 Aug 2015

China announces sharp fall in value of yuan currency

China`s central bank on Tuesday announced a sharply lower daily reference rate for the yuan against the US dollar, saying it was part of moves to make its exchange rate regime more market-oriented.

14 Jul 2015

China's central bank says financial system stable

Economic conditions were complicated and should not be underestimated, the People`s Bank of China (PBOC) said in a statement published on its website.

China central bank

10 Jun 2015

China's economy to pick up in H2: Economists

Economists at China`s central bank have sharply lowered their 2015 inflation forecast even as they predicted that stabilising Chinese home prices and firmer foreign demand will drive a pick-up in the world`s second-biggest economy in the next six months.

13 May 2015

China bank lending slowed in April: Central bank

Domestic banks extended new loans of 707.9 billion yuan (USD 115.9 billion), the People's Bank of China (PBoC) said in a statement, down from 1.18 trillion yuan in March.

04 May 2015

'China's economy seen slowing to 6.8% in Q2'

The forecast by the State Information Centre backed last month`s move by China`s central bank to cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, to combat slowing growth.

20 Apr 2015

China makes big cut in bank reserve requirement to fight slowdown

The latest cut, the deepest single reduction since the depth of the global crisis in 2008, shows how the central bank is stepping up efforts to ward off a sharp slowdown in the economy.

China February Services

04 Mar 2015

China Feb HSBC services PMI edges up to 52.0 as orders improve

The HSBC/Markit Services Purchasing Managers` Index(PMI) picked up to 52.0 last month from January`s 51.8 and remained above the 50-point level that separates contraction from growth in activity on a monthly basis.

China central bank

04 Feb 2015

China cuts bank reserve ratio to boost economy

China's central bank said on Wednesday it would make an across-the-board cut in the percentage of funds banks must hold in reserve, the first such cut in nearly three years as the world's second-largest economy falters.

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