pboc

Former China Official Stands Trial for Decade of Bribes Worth USD3 Million

Former China Official Stands Trial for Decade of Bribes Worth USD3 Million

China's former head of insurance authority and vice president of the country's central bank has gone on public trial regarding graft…

Jun 15, 2018
Liao Shumin
PBOC Backs Shanghai’s Cross-Border Yuan Trials, Forex Reform, Governor Says

PBOC Backs Shanghai’s Cross-Border Yuan Trials, Forex Reform, Governor Says

The People's Bank of China will take effective measures to keep supporting the opening of Shanghai's financial sector with trials…

Jun 14, 2018
Xia Ruirui
Beijing Eases Foreign Investor Limits as Part of Ongoing Drive to Open Financial Sector

Beijing Eases Foreign Investor Limits as Part of Ongoing Drive to Open Financial Sector

China’s forex regulator has unveiled new rules to ease restrictions on qualified foreign bond and stock investors as Beijing continues…

Jun 13, 2018
Xu Wei
PBOC May Piggyback Likely US Rate Hike

PBOC May Piggyback Likely US Rate Hike

PBOC May Piggyback Likely US Rate Hike

Jun 12, 2018
Xu Wei
China's Foreign Exchange Reserves Fell Slightly in May on Rising US Dollar Index

China's Foreign Exchange Reserves Fell Slightly in May on Rising US Dollar Index

China's Foreign Exchange Reserves Fell Slightly in May on Rising US Dollar Index. China’s foreign exchange reserves declined slightly as…

Jun 8, 2018
Liao Shumin
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’s Central Bank Governor Says Financial Sector Has Much Room for Further Opening

China’s Central Bank Governor Says Financial Sector Has Much Room for Further Opening

China’s Central Bank Governor Says Financial Sector Has Much Room for Further Opening. China’s financial sector still has plenty of…

May 29, 2018
Tang Shihua
Three Quarters of Shanghai Businesses Now Accept Mobile Money

Three Quarters of Shanghai Businesses Now Accept Mobile Money

More than three quarters of Shanghai businesses accepted mobile payments as of the end of the first quarter, after a push from the Chinese central bank to broaden its availability.

May 29, 2018
Dou Shicong
Alipay, WeChat Drive Mobile Payment Growth in 1st Quarter, PBOC Finds

Alipay, WeChat Drive Mobile Payment Growth in 1st Quarter, PBOC Finds

The Chinese mobile payment sector grew steadily in the first three months this year, while online card payments declined…

May 25, 2018
Xu Wei
China Doubles Currency Swap Deal to USD3.1 Billion to Replenish Pakistan's Falling Reserves

China Doubles Currency Swap Deal to USD3.1 Billion to Replenish Pakistan's Falling Reserves

China has doubled the size of a currency swap agreement with Pakistan by adding CNY10 billion (USD1.57 billion) to the…

May 25, 2018
Xu Wei
[Exclusive] PBOC Holds Secret Financial Health Pilot for Financial Groups

[Exclusive] PBOC Holds Secret Financial Health Pilot for Financial Groups

Five of China's largest financial holding firms have participated in a secret pilot program from the central bank, which…

May 25, 2018
Xu Wei
Global Public Sector Investment Gained Most in Five Years in 2017

Global Public Sector Investment Gained Most in Five Years in 2017

Global public sector investors saw their biggest assets gain in half a decade last year thanks to a robust stock market and rising gold prices.

May 23, 2018
Xu Wei