People's Bank of China

PBOC’s rising focus on overnight rate spurs talk of policy shift

This change towards meticulous liquidity management helps the central bank align more with the US Federal Reserve

For the PBOC, keeping the financial plumbing well-greased is essential to ward off a seasonal cash crunch and maintain economic momentum against mounting headwinds.

China is pumping cash to fill a US$456 billion liquidity shortfall

Some of the liquidity pressure the PBOC must offset stems from household behaviour

Bullion held by the People’s Bank of China has risen by 40,000 troy ounces last month.

China central bank keeps buying gold as bull run hits brakes

[BEIJING] China’s central bank extended its gold-buying streak to 15 months, underscoring resilient official demand as bullion’s record-breaking rally was hit by a sharp market sell-off late last mont...

The decline in the borrowing cost is another example of the Chinese authorities’ drip-feed, low-key approach to revitalising a fragile economy.

PBOC’s key bank loan rate falls to record low bolstering growth

The new benchmark rate has fallen 10 basis points to 1.4% after the fresh MLF pricing mechanism was introduced

Top tourism hubs have each seen a jump of about 40% in overseas visitors last year.

‘Shop in China’ travel boom risks complicating PBOC’s yuan math

Foreign visitors to the capital city of Beijing spent an unprecedented 50.6 billion yuan in 2025

PBOC's Zou Lan says China will support HKMA's move to double yuan funding under last year’s swap facility to 200  billion yuan (S$36.4 billion).

PBOC pledges stronger China-Hong Kong market ties

China will support the Hong Kong Monetary Authority’s move to double yuan funding under last year’s swap facility to 200  billion yuan

The PBOC is seeking to reassure markets after previous reductions in policy rates fell short of economists' expectations.

PBOC’s Pan reaffirms room for further easing to support growth

He says the central bank will use various monetary policy tools such as interest-rate cuts and reserve requirement ratio reductions

The People’s Bank of China lowered interest rates on its structural monetary policy tools by 25 bps on Jan 19.

China leaves benchmark lending rates unchanged for eighth straight month

It keeps one-year loan prime rate at 3% and five-year rate at 3.5%

China's central bank in Beijing. The loan prime rates are calculated each month after 20 designated commercial banks submit their proposed rates to the People’s Bank of China.

China to keep rates steady for eighth month, some traders wager on Q1 easing

New and outstanding loans are based on the one-year lending rate, while the five-year rate influences mortgages