TOPIC
 / company

People’s Bank of China (PBOC)

Markets widely expect the US central bank to lower its benchmark borrowing rate on Wednesday. Photo: AP

When will China respond to Fed rate cut as economic problems mount?

US Federal Reserve expected to lower its benchmark borrowing rate, which could give China room to ease.

US Federal Reserve expected to lower its benchmark borrowing rate, which could give China room to ease

5

Ant Group to hold new round of dividend payments to shareholders

Explainer | What 3 changes has China’s central bank made amid monetary policy reshuffle?

State-owned banks face thinner margins amid Beijing’s call to support economy

At a time when the country faces unprecedented challenges, these state-owned banking giants show their importance as the economy’s lifeline.

videocam
An advertisement displaying the interest rate for loans at a branch of the Industrial and Commercial Bank of China in Chengdu, capital of southwestern Sichuan province. Photo: Bloomberg

China’s central bank enters treasury bond market with 100-billion-yuan net buy

In a highly anticipated move, the People’s Bank of China has conducted its first open-market trade for treasury bonds in nearly two decades.

videocam
4

China to push supportive monetary policy as risks ease: central bank chief

PBOC governor Pan Gongsheng says local debt has fallen and number of high-risk small and medium banks has ‘nearly halved’ from peak.

videocam
Advertisement
Advertisement

US, China seek to ‘strengthen’ cooperation in times of financial stress

Financial Working Group met in Shanghai last week, with officials from China and the US discussing a wide range of issues over two days.

10
Senior finance officials from China and the United States held in Shanghai. Photo: People’s Bank of China

Editorial | Further fiscal easing is on the horizon but it will be measured

Beijing is showing patience in gradually correcting its structural problems rather than unleashing sweeping stimulus that may only backfire.

Macroscope | China’s overheated government bond market is the least of its worries

Concerns about the sovereign debt market shouldn’t be related to threats to financial stability but the risk of a more severe economic downturn.

videocam

Explainer | Why China’s risky bond rally has put PBOC on the offensive

The 10-year government bond yield tanked to a record low as wary investors and financial institutions snatched them up at an unprecedented rate, desperate for safe-haven investments.

China’s 10-year government bond yield dipped below 2.1 per cent this month before PBOC intervention sent it back up to 2.25. Photo: Reuters

China’s central bank wary of bond bonanza as talk of secondary trade continues

The People’s Bank of China remains open to taking part in the secondary bond trade, but warned of several potential risk areas it said would warrant close attention.

The People’s Bank of China, the country’s central bank, has warned of potential risk areas in the bond market as it mulls stepping up its activity. Photo: AFP

As bond rally takes toll, China names and shames state-backed rural banks

The central bank is seen trying to counteract forces suppressing Chinese bond yields. But in the absence of monetary tightening, a ‘short-term pause’ to the rally may be the best outcome.

Hong Kong signs agreement with PBOC to enhance Faster Payment System

The Hong Kong Monetary Authority has signed an agreement with the Chinese central bank to promote cross-border linkages for fast payment systems, including a proposed increase in the remittance cap.

Rate cuts and bond support as China moves ‘on a path to easing’

China cuts one-year medium-term lending facility and allocates 300 billion yuan (US$41.3 billion) in ultra-long-term treasury bonds on Thursday.

videocam
6
A man with an umbrella passes by China’s central bank in Beijing. Photo: AP

‘Heavy lifting’ still needed even as China cuts key rates after third plenum

People’s Bank of China lowered the seven-day reverse repo rate, as well as both the one-year and five-year loan prime rates, just days after the conclusion of the third plenum.

videocam
A construction worker walks past a housing project under construction on the outskirts of Beijing. Photo: AP

Chinese central bank’s move to cool bond rally may fall flat, analysts say

The PBOC’s efforts to defend declining bond yields will have little long-term impact, as investors are still pessimistic about the country’s economic recovery, analysts say.

China’s central bank takes extra control of interest rates amid reform push

Analysts believe moves by the People’s Bank of China to conduct additional open market operations paves the way for a new and narrower interest rate corridor.

Advertisement
Advertisement

With US Fed rates staying in stratosphere, the pressure’s on for China’s yuan

The Bank for International Settlements has praised China and other developing economies in managing their monetary policy, but cautioned pressure will remain high as US Fed rates remain unchanged.

43
With the US Federal Reserve maintaining high interest rates, stress is accumulating on the currencies of developing economies. Photo: Bloomberg

China’s attempt to rein in bond rally will only slow it temporarily: analysts

‘Even with intervention, changing the incentive for investors seeking stable yield could prove challenging,’ Natixis analyst says.

videocam

As bond yields drop, China’s central bank could step into secondary market

China's central bank, concerned about a decline in long-term bond yields, will borrow treasury bonds from primary market traders to maintain liquidity in the market.

Hong Kong to enhance cross-border transfers to support retirees

Hong Kong’s monetary authority plans to sign an agreement with the Chinese central bank to find ways to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on the mainland.

A sign of digital yuan (e-CNY) during the 2021 China International Fair for Trade in Services (CIFTIS) in Beijng on Sept. 5, 2021. Photo: Xinhua

Chinese bond yields at 2-decade low as shaky economy curbs risk appetite

A powerful rally in China’s government bonds that has pushed yields to a two-decade low shows no signs of easing amid persistent worries about the outlook for growth. A sluggish stock market and a long-running property downturn continue to dampen risk appetite.

videocam
The unrelenting demand for the risk-free debt instruments issued by Beijing comes amid a shaky recovery in the world’s second largest economy. Photo: Reuters

The View | How China’s slowdown is shaking up Asia’s economic calculus

China’s struggles are injecting uncertainty into its neighbours and forcing reassessments when the geopolitical scene is already strained.

videocam

Monetary, fiscal policy coordination urged as China’s treasury-bond trade nears

Conditions are ripe for China’s central bank to trade bonds in the secondary markets, but it will be a gradual process, according to a former People’s Bank of China official.

Macroscope | Why China must choose stealth yuan depreciation and avoid mistakes of 2015

The yuan is under strain from internal and external pressures, making the balancing act that China’s monetary policymakers are trying to manage even trickier.

Markets are taking seriously the prospect of a surprise devaluation of the yuan as China’s persistent cyclical and structural economic woes put pressure on the currency. Photo: Reuters

Explainer | 13 of China’s biggest fiscal manoeuvres to boost economy since pandemic years

The People’s Bank of China keeps a running tab of big policy moves, and it shows that trillions of yuan worth of support measures have been rolled out since 2021.

A newly built residential complex is seen in China’s Anhui province. Authorities are taking steps to clear excess housing inventory in the latest move to shore up the nation’s economy. Photo: Xinhua

China must ‘liberate’ mind with primary market bond purchases by central bank

China’s central bank is set to participate in treasury-bond trading in the secondary market, and a prominent researcher affiliated with the Ministry of Finance says purchases in the primary market should also be made.

6

China’s property stimulus plan needs more time, money and policy support

The mainland has US$3.9 trillion worth of unsold properties, which makes Beijing’s funding plan account for less than 2 per cent of that excess inventory, a Barclays report said.

videocam
4
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
People’s Bank of China (PBOC)
The People’s Bank of China (PBOC) is the central bank of mainland China. It is responsible for carrying out monetary policy and regulation of financial institutions, including setting interest rates.
last updated:
25 August, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement