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People’s Bank of China (PBOC)

US Treasury Secretary Janet Yellen has been holding talks with Chinese finance officials. Photo: Getty Images/AFP

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 central bank holds steady with 200 billion yuan net bond purchase

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

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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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A raft of economic stimulus measures adopted by China over the past month has sent ripples through the country’s markets, and triggered speculation over what might come next. Photo: Xinhua

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.

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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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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People walk past the People’s Bank of China headquarters in Beijing on Saturday. Photo: AFP

‘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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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.

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 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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Pan Gongsheng, governor of the People’s Bank of China, speak during the Financial Street Forum in Beijing on Friday. Photo: Handout

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.

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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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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After a slew of measures from China’s central bank, the ball is in the finance ministry’s court. Photo: Reuters

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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A woman shops at a supermarket in Beijing, on August 9. To rebalance China’s economy, a greater share of national income must be transferred to the household sector. Photo: EPA-EFE

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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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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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.

Alibaba is among a number of Chinese tech stocks that received a boost this week, following Beijing’s surprise market-support measures. Photo: Shutterstock

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.

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.

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

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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A investor monitors stock prices at a securities company in Hangzhou in China’s eastern Zhejiang province on October 18, 2018. Contrary to global convention, China represents losses and declines in green, and uses red to illustrate gains and profits. Photo: AFP

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.

Explainer | 7 takeaways from China’s most significant stimulus package since the pandemic

High-ranking Chinese officials, led by People’s Bank of China governor Pan Gongsheng, unveil a slew of policies to boost world’s second-largest economy.

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China fires policy bazooka to boost economy, led by mortgage-rate cut, property

Rate cut, support to the acquisition of real estate companies’ land banks and new tools to boost capital markets among measures rolled out on Tuesday.

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Mainly dragged by a prolonged property crisis, China’s economy has yet to show an obvious rebound in growth. Photo: EPA-EFE

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.

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

Ant Group to hold new round of dividend payments to shareholders

This would mark the third round of dividend payments by Ant Group, following two previous rounds in December and March 2022.

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

China’s central bank has conducted at least three large monetary adjustments since Pan Gongsheng was named People’s Bank of China governor in July 2023.

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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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