central bank

 China's Monetary Policy Should Not Be Relaxed, PBOC Counselor Says

China's Monetary Policy Should Not Be Relaxed, PBOC Counselor Says

China's monetary policy should not be relaxed or otherwise the efforts to reduce fiscal institutions' and corporations' debt will go…

Jun 19, 2018
Tang Shihua
Yi Gang to Head PBOC’s Monetary Policy Panel as Zhou Xiaochuan Departs

Yi Gang to Head PBOC’s Monetary Policy Panel as Zhou Xiaochuan Departs

Yi Gang, governor of the People’s Bank of China, has ascended to chief of the Monetary Policy Committee as the central bank rejigs members of the panel.

Jun 15, 2018
Liao Shumin
China’s Deleveraging Efforts Led to Big Fall in Social Financing Last Month, PBOC Adviser Says

China’s Deleveraging Efforts Led to Big Fall in Social Financing Last Month, PBOC Adviser Says

An adviser to People’s Bank of China attributes a sharp drop in social financing in May to the central bank’s efforts to expand deleveraging in the world’s second-biggest economy.

Jun 14, 2018
Zhou Ailin
China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

The frequent outbreaks of financial irregularities have been effectively curbed since the Chinese government has cracked down on internet financial…

Jun 8, 2018
Tang Shihua
China Doesn’t Need Legal Digital Tender, Central Bank Advisor Says

China Doesn’t Need Legal Digital Tender, Central Bank Advisor Says

There is no need for China to issue legal digital currencies, according to a leading scholar at the country’s central bank who believes bitcoin is utopian and virtual currencies are not currencies.

Jun 4, 2018
Song Yikang
China Opens Up Cross-Border Yuan Settlement System for 24-Hour Trading

China Opens Up Cross-Border Yuan Settlement System for 24-Hour Trading

China’s central bank has extended the operating hours of its cross-border interbank payment system to 24 hours every working day after the success of a trial run in March.

May 3, 2018
Tang Shihua
China Cuts Deposit Reserve Ratio to Extend Cash Available for Inclusive Finance

China Cuts Deposit Reserve Ratio to Extend Cash Available for Inclusive Finance

China’s central bank is lowering its deposit reserve ratio by 1 percentage point for most financial institutions as it looks…

Apr 18, 2018
Dou Shicong
Alipay Is Stepping Up Data Protection After PBOC Fine

Alipay Is Stepping Up Data Protection After PBOC Fine

Alipay, the fintech platform run by Ant Financial Services Group, is looking to improve its data collection processes after China’s central bank fined it for breaching data protection regulations.

Apr 9, 2018
Liao Shumin
Guo Shuqing Is Anointed PBOC Party Secretary, Deputy Governor

Guo Shuqing Is Anointed PBOC Party Secretary, Deputy Governor

Guo Shuqing Is Anointed PBOC Party Secretary, Deputy Governor. Guo Shuqing, chairman and party secretary of China’s new banking and…

Mar 27, 2018
Tang Shihua
China’s Financial Sector to Balance Opening-Up With Regulation, New Central Bank Governor Says

China’s Financial Sector to Balance Opening-Up With Regulation, New Central Bank Governor Says

China’s Financial Sector to Balance Opening-Up With Regulation, New Central Bank Governor Says. Yi Gang. China’s central bank will…

Mar 26, 2018
Liao Shumin & Song Yikang
China Opens Up USD27 Trillion Payment Sector to Foreign Providers

China Opens Up USD27 Trillion Payment Sector to Foreign Providers

China’s central bank is cutting access restrictions to its CNY169 trillion (USD27 trillion) online payments market as the country looks…

Mar 22, 2018
Tang Shihua
PBOC to Implement Sound Monetary Policy, Promote Financial Reform, Says New Governor

PBOC to Implement Sound Monetary Policy, Promote Financial Reform, Says New Governor

The main task for China’s central bank is to implement sound monetary policy while promoting financial reform and opening up…

Mar 19, 2018
Xu Yanyan