The People’s Bank of China launched a total of CNY 789 billion via a one-year medium-term lending facility (MLF) to the banking system, left the interest rate unchanged at 2.50%, and ramped up efforts …
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Former Bank of China Chairman Arrested: A New Chapter in Xi Jinping’s Anti-Corruption Campaign
Former Bank of China Chairman Liu Liange has been ensnared in the dragnet of President Xi Jinping’s anti-corruption campaign, marking another high-profile figure’s fall. The arrest comes after an …
China’s Central Bank Injects $108 Billion into Banking System Amid Economic Challenges
It was a day like any other in Beijing, under the autumn sky, when the news broke. The People’s Bank of China (PBOC), the country’s central bank, had injected 789 billion yuan ($108 billion) into…
Top procuratorate orders arrest of former chairman of Bank of China
BEIJING, Oct. 16 (Xinhua) — The Supreme People’s Procuratorate (SPP) has ordered the arrest of Liu Liange, former chairman of the board of directors of the Bank of China, for suspected bribe-taking …
African ambassador criticizes IMF, World Bank for not giving enough loans
An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies.
Former Bank of China chairman arrested for suspected bribery – state media
Former chairman of Bank of China Liu Liange was arrested for suspected bribery, giving illegal loans, the official Xinhua news …
Former Bank of China chairman arrested for corruption
The state-owned bank reported in February that its former chairman had stepped down and was removed from his position as Communist Party chief.(FB/BOC) BEIJING: The former chairman of the Bank of …
China’s Financial Tightrope: PBOC Injects Liquidity but Maintains Interest Rates
In the heart of Beijing, a financial showdown is taking place. The People’s Bank of China (PBOC) is wielding its monetary might, injecting a colossal 789 billion yuan ($107.96 billion) into the …
China ramps up liquidity support to banking system
China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the risk of more …
Ex-Bank of China boss arrested on bribery charges
The former chairman of the Bank of China has been arrested over suspicions of bribery and giving illegal loans. Liu Liange, chairman of the state-owned bank from 2019 to 2023, had resigned from his …
Fall of a Financial Titan: Former Bank of China Chairman Arrested in Anti-Corruption Drive
The air was heavy with anticipation as the news broke. Liu Liange, the former chairman of the Bank of China, a figure who once stood at the pinnacle of the country’s financial empire, was now…
Former Bank of China boss arrested on bribery charges
The former chairman of the Bank of China has been arrested over suspicions of bribery and giving illegal loans. Liu Liange, chairman of the state-owned bank from 2019 to 2023, had resigned from his …
China’s Central Bank Steps Up Liquidity Support
The People’s Bank of China stepped up its support of the economy with an increased injection of liquidity into the financial system, even as it kept a key lending rate unchanged.
