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People’s Bank of China (PBOC)

A bank employee counting yuan notes at a bank counter in Nanjing, in China’s eastern Jiangsu province. Photo: AFP
Banking & finance

Time right for China to cut reserve ratio to add liquidity, aid growth: analysts

Analysts say the window for the People’s Bank of China to reduce the reserve requirement ratio (RRR) is open.

China’s economic stimulus

China’s tech firms at the front of the queue for loans amid policy tilt

Banking & finance

Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Yuan

China sets yuan fix to 14-month low as Trump win piles on the pressure

Yuan’s midpoint rate falls to 14-month low as Trump’s election throws most currencies other than the US dollar into uncharted waters.

Most currencies, particularly China’s yuan, are facing depreciation pressures as Donald Trump’s reelection has generated uncertainty over the future of global trade. Photo: Getty Images
China’s economic stimulus

China eyes lift in ‘intensity, accuracy’ of monetary policies amid credit uptick

People’s Bank of China pledges to serve the real economy, while October’s credit data shows a slight improvement.

US-China relations

Yellen and China central banker discuss financial monitoring, money laundering

US treasury secretary’s meeting in Washington follows talks last week with China’s vice-minister of finance Liao Min.

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China's economic recovery

China’s central bank holds steady with 200 billion yuan net bond purchase

Consistency of bond purchase, kept at the same level as previous month, seen as key gauge of China’s monetary and fiscal policy coordination.

The People’s Bank of China building in Beijing. Photo: Kyodo
Banking & finance

After years of ‘going global’, why are Chinese investment banks turning inward?

Exercising caution, China’s investment firms are scaling back their global ambitions and expanding through mergers instead.

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China’s economic stimulus

Explainer | China’s stimulus salvo enters second month: our overview, and what comes next

After one month of rapid-fire economic stimulus, we look at China’s plan of action and survey what might be in the pipeline.

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Banking & finance

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

The People’s Bank of China building in Beijing. Photo: Reuters
China’s economic stimulus

First swap operation by China’s central bank comes quickly to boost stock market

Swap facility lets brokers, asset managers and insurance companies exchange assets with poorer liquidity, enabling them to get liquid assets for stock purchases.

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The People’s Bank of China announced its first swap operation, totaling 50 billion yuan (US$7.03 billion), on Monday. Photo: Reuters
China’s economic stimulus

Explainer | China’s economic stimulus efforts gather pace in busy week

President, premier and central bank chief among those dispensing clues to the next developments in China’s economic stimulus.

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China's economic recovery

‘Encouraging sign’ as China cuts mortgage rate, but heavy lifting still needed

Five-year loan prime rate lowered from 3.85 per cent to 3.6 per cent, the People’s Bank of China said on Monday.

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Banking & finance

China regulators go on charm offensive as economic growth stalls

CSRC Chairman Wu Qing solicited feedback from financial specialists and media representatives, according to a readout on the watchdog agency’s website.

The annual Financial Street Forum in Beijing on October 18, 2024. Photo: Xinhua.
China stock market

China’s US$42 billion relending scheme boosts stock market

Twenty-one banks to extend loans for stock buy-backs and stake hikes as the part of the 300 billion yuan scheme unveiled late last month.

The 300 billion yuan relending programme is one of the two new financial facilities worth a combined 800 billion yuan unveiled by PBOC governor Pan Gongsheng late last month as part of efforts to shore up China’s US$9.6 trillion onshore stock market. Photo: Reuters
China’s economic stimulus

China’s central bank to cut reserve ratio, bolster property and capital market

People’s Bank of China governor Pan Gongsheng spoke at the Financial Street Forum in Beijing on Friday.

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China property

Golden week: China’s property market gets boost from Beijing’s stimulus measures

Strong sales in Shenzhen during the week-long holiday reflect the impact of recent wide-ranging stimulus measures rolled out by Beijing.

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China's economic recovery

Explainer | What are the unconventional tools that will bolster China’s stock markets?

People’s Bank of China governor says it is the first time central bank has ‘innovated structural monetary policy tools to support the capital market’.

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A bull statue along the Bund in Shanghai last month. Photo: Bloomberg
China economy

Opinion | China must still bring out the big guns to revitalise its economy

PBOC’s moves are not enough, given the lacklustre economic performance. Beijing should announce large-scale stimulus as soon as possible.

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China economy

The View | China’s latest stimulus measures still don’t go far enough

Mortgage rate cuts and reserve requirement reductions may provide short-term relief but they are no substitutes for boosting domestic demand.

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China's economic recovery

China’s premier urges swift action as stimulus package sets markets ablaze

After last week’s stimulus policies – and subsequent market frenzy – China’s premier has reiterated time is of the essence for fast recovery.

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Chinese Premier Li Qiang has said speed is essential for the implementation of policies to spur economic growth. Photo: AP
China property

China’s bazooka offers no quick fix for housing market amid broken confidence

Fitch analyst sees more support measures next quarter to ensure Beijing’s latest stimulus bazooka achieves its aims.

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A motorist passes by placards showing properties for lease on electric scooters parked along the sidewalk in Hangzhou in east China’s Zhejiang province in August 2024. Photo: AP
Alibaba

Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

China stock market

Beijing stimulus likely to make riskier Chinese assets look better to investors

Investors are reacting favourably to a hefty stimulus package from Beijing and they are likely to take on greater risks with Chinese assets.

Banking & finance

China weighs injecting US$142 billion of capital into top banks

Funding for the first such intervention since the 2008 financial crisis would mainly come from new special sovereign bonds, sources say.

An ICBC branch in Chengdu. Photo: Bloomberg
China's economic recovery

China’s mortgage cut still insufficient to move the needle, boost spending

Raft of policy and interest rate changes were unveiled on Tuesday as China’s policymakers sought revive the world’s second-largest economy.

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Pedestrians outside a Miniso Group store in the Wangfujing shopping area in Beijing. Photo: Bloomberg
Banking & finance

Banks may become collateral damage of China’s policy bazooka

Banks’ net interest margins may be reduced by a fifth of a percentage point, according to an estimate by S&P Global Ratings.

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Yuan

China’s yuan continues upward climb after Beijing’s stimulus roll-out

The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.

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People’s Bank of China (PBOC)
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.
Industry
Banking
Website
pbc.gov.cn
Headquarters address
No. 32, Financial Street, Xicheng District, Beijing 100820, China
Year founded
1948
last updated:
30 September, 2024
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