China’s central bank will flexibly use policy tools to ensure reasonably ample liquidity in the banking system, an official said at a …
FINANCE
China central bank says RRR cuts, other policy tools need to be used flexibly
RESERVE requirement ratio (RRR) cuts, open market operations and all structural monetary policy tools need to be used flexibly to ensure reasonably ample liquidity in the banking system, an official …
What’s next for China’s digital currency?
China’s government has struggled to find uses for e-CNY inside of China. Now, it’s hoping to use it to challenge the US-dominated international financial system.
China’s central bank to guide more financial resources to support private sector
China’s central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms …
China’s central bank to guide financial resources to support private economy
China’s central bank will guide financial resources to flow to the private economy and roll out guidelines to support private firms, the bank said in a statement on Thursday following a meeting …
China wants to cut kids’ smartphone access after 10 p.m. and limit them to 2-hours a day as part of a bid to protect ‘core socialist values’
Chinese regulators want to give parents tools to restrict screentime for their children. Zhang Peng—LightRocket via Getty Images Beijing regulators have launched a new salvo in their war against kids …
China’s Finance Ministry announces tax reductions for key groups to boost employment
China’s Ministry of Finance and three other departments on Wednesday announced tax reduction for key groups including college graduates and people who just walk out of poverty, in a bid to support …
China Seen Cutting Banks’ Reserve Ratio in August to Add Cash
China’s central bank may cut the reserve-requirement ratio for major banks as soon as this month in an effort to boost lending and revive momentum for the economic recovery.
China offers subsidy funds for Beijing, Hebei to repair roads after rainstorms
BEIJING — China has allocated 30 million yuan (about $4.2 million) of emergency road repair subsidy to Beijing and Hebei Province following typhoon-triggered rainstorms. The special funds were issued by the Ministry of Finance and…
China’s central bank conducts 3-bln-yuan reverse repos
BEIJING, Aug. 3 (Xinhua) — China’s central bank conducted 3 billion yuan (422.54 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Thursday. The move is aimed at …
China’s household debt creeps upward, approaching warning line of International Monetary Fund
Excessive levels of indebtedness and slow income growth among Chinese residents are constraining consumption, but China’s Politburo is hoping domestic demand will boost economy Given the debt stress, …
China customizes financial support for small, medium, micro-sized enterprises
China will provide customized, diversified financial support for medium, small and micro-sized enterprises on key industrial chains of the manufacturing sector, the People’s Bank of China, the country …
Experts: Steps needed to ease bank pressure
Lou said the central bank can alleviate the pressure on commercial banks’ profits by launching structural monetary policy tools to drive the cost of banks’ liabilities lower.
