Three days after the People’s Bank of China provided a rare sweetened money deal for a number of state banks, it got tough and raised the interest it charged on medium-term loans to lenders –…
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China central bank official defends rapid foreign reserves use to keep yuan steady
BEIJING A senior official at China’s central bank has defended authorities’ rapid use of foreign exchange reserves to keep the yuan currency stable, saying the benefits “outweighed the drawbacks”, according to a state newspaper. “The…
China central bank to keep up spot checks on bitcoin exchanges
BEIJING China’s central bank will continue to conduct spot investigations on bitcoin exchanges, its Beijing head office said on Wednesday, in a statement on its website. The People’s Bank of China (PBOC) this month launched…
China c.bank lends $35.83 bln via MLF, rates raised
BEIJING Jan 24 China’s central bank said it lent 245.5 billion yuan ($35.83 billion) to 22 financial institutions via its medium-term lending facility (MLF) and raised interest rates for the loans on Tuesday. Interest rates…
China's central bank lifts two of its lending rates to rein in debt
SHANGHAI China’s central bank raised interest rates on a key funding tool, the medium-term lending facility (MLF), on Tuesday in its latest bid to cut debt levels and bolster financial stability. Policymakers are trying to…
Acknowledging China's role in driving sustainable finance
But among the English language heavyweights, only the Financial Times detailed just how much Beijing has already been doing to tackle environmental problems, and not one acknowledged that Beijing had, in fact, quietly taken ownership…
Ireland set to join China-led investment bank
A wave of about 25 African, European and South American countries, including Ireland, is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as…
China cracks down on bids to bypass online censorship
Beijing (AFP) – China has announced a 14-month campaign to “clean up” internet service providers and crack down on devices such as virtual private networks (VPNs) used to evade strict censorship. The ruling Communist party…
China and Shadow Financing
Of course, concerns about debt and the financial system are not unique to China. In Italy, for example, many banks found themselves saddled with non-performing loans (bad debt), and some small banks faced restructuring. New…
‘Chinese Dragons’ Overtake U.S. in Financial Tech Investment
China has unseated North America as the global investment leader in financial technology, or “fintech,” according to Citigroup’s (c) latest report on “digital disruption.” The researchers attribute the power shift to the rise of what…
China Rapid Finance Named a Finalist for LendIt “Innovator of the Year” Award
China Rapid Finance Limited (“CRF” or “the company”), China’s largest consumer lending marketplace in terms of number of loans facilitated, was named a finalist for “Innovator of the Year” honor at the first annual LendIt…
China central bank's temporary liquidity support a new tool, sends neutral policy signal – paper
SHANGHAI A move by China’s central bank to provide temporary liquidity support marks the creation of a new policy tool designed to ease seasonal cash shortages, while sending the signal that monetary policy remains stable…
China’s central bank ‘playing dangerous game’ to prop up yuan
The country’s forex reserves have shrunk by almost a US$1 trillion since June 2014 as the central bank has sought to prevent a large fall in the yuan against the US dollar. Zhang call’s for…
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