China's central bank continued to pump billions of yuan into the financial system on Tuesday to ease liquidity strains. The People's Bank of China (PBOC) conducted 150 billion yuan (23.6 billion U.S. dollars) of seven-day reverse ...
The People's Bank of China (PBOC), the central bank, announced it would issue a new 100-yuan bank note from Nov 12 on Monday. The new bank note will be harder to counterfeit and easier for machines to read. Part of the fifth set of bank ...
Tags: central bank, new 100-yuan
The People's Bank of China (PBOC), China's central bank, extended a 6-month medium-term lending facility (MLF) worth 250 billion yuan (over 40 billion U.S. dollars) at an interest rate of 3.35 percent to 11 banks on Friday. The extension ...
Tags: People's Bank of China, central bank, medium-term lending facility
China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
The total value of yuan-denominated bonds issued in China in the first quarter of the year reached 3 trillion yuan ($490 billion), up 39 percent from a year earlier, the central bank said on Monday. Of the bonds issued during the period, ...
China's central bank is entitled to impose restrictive examinations on gold and gold production, according to a guideline issued Thursday. In accordance with macro control, the People's Bank of China (PBOC) demands that all the gold and ...
Tags: Gold Import, Gold Export
As China walks the economic tightrope of balancing steady growth, facilitating restructuring and combating deflation risks, Zhou said there may be room for flexibility despite consistent championing of a prudent monetary policy. Policy ...
Tags: Central Bank, China's GDP
Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's ...
Tags: HSBC Services, PMI
Chinese people used more credit cards last year, fresh evidence that the nation's traditionally frugal residents are looking for credit cards for everyday purchases. Chinese banks issued a total number of 455 million credit cards by the ...
Tags: Credit Cards, card holders
A credit card is an important thing to have when globetrotting, not least because many forms of online reservation require credit rather than debit payment. For those anticipating a long stay in China, a credit card may seem like a good ...
Tags: Credit Cards, online reservation
China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...
The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday. ...
China's annual economic growth likely slowed to 7.2 percent in the fourth quarter, the weakest since the depths of the global crisis, a Reuters poll showed, which would keep pressure on policymakers to head off a sharper slowdown this year. ...
Tags: economic growth, GDP data
Under the continued prudent monetary policy, China will use monetary instruments pragmatically and maintain moderate liquidity to achieve reasonable growth in loans and private financing, the central bank said on Wednesday. After the ...
The People's Bank of China, the central bank, will change rules on how it calculates the loan-to-deposit ratios of banks from next year, a move that is expected to make available more funds for lending. The central bank will expand the ...
Tags: Deposit Calculation Rules, POB