Yi Gang, who was replaced by Pan Gongsheng as the head of the People’s Bank of China (PBOC) at the end of last month, gave two recent lectures in Beijing and Singapore He said the…
Tagged By financials
China allocates 450 mln yuan to post-disaster restoration in Beijing-Tianjin-Hebei region
BEIJING, Aug. 4 (Xinhua) — Chinese authorities on Friday earmarked 450 million yuan (about 63 million U.S. dollars) to support post-disaster restoration in Beijing, Tianjin and Hebei after torrential …
Chinese property stocks surge after central bank vows more support for private businesses
Hong Kong-listed shares of real estate developers like Country Garden Holdings, Longfor Group Holdings, and China Resources Land were some of the top gainers on the Hang Seng index. Longfor gained as much as 8.19%…
China’s central bank conducts 2-bln-yuan reverse repos
BEIJING, Aug. 4 (Xinhua) — China’s central bank conducted 2 billion yuan (280.04 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Friday. The move is aimed at keeping liquidity…
China’s economy to maintain stable, positive trend in H2: official
The Chinese economy will maintain its stable and positive trend in the second half (H2) of this year, following a sustained recovery in the January-June period, an official said Friday.
China’s Central Bank Pledges to Flexibly Use RRR Cuts, Other Policy Tools
The People’s Bank of China will need to flexibly use monetary policy tools to ensure ample liquidity in the country’s banking system, a senior central bank official said.
China’s central bank keeps RRR cuts on table, as investors eye more support for economy
China’s central bank will flexibly use policy tools to ensure reasonably ample liquidity in the banking system, an official said at a …
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 …
