People's Bank of China

China seen holding rates unchanged as uneven economic recovery persists

Alongside surprisingly resilient exports, domestic demand is worsening amid a multi-year property downturn

Governor Pan Gongsheng said that the PBOC will improve its adjustment of short-term interest rates and expand its suite of overnight reverse repurchase operations at an appropriate time.

China’s central bank hints at shift towards overnight policy rate to match global peers

Such a move would mark another step in the PBOC’s revamp of its policy framework that began in 2024

China’s central bank is making a push to increase the use of digital yuan at home and abroad, says several industry sources.

China signs up 26 financial institutions to digital yuan cross-border payment platform

It supports 24-hour digital payment links with foreign central banks and overseas financial institutions

The People’s Bank of China’s action signals officials are becoming unwilling to tolerate money market rates they deem too low.

PBOC asks big banks to curb interbank lending to ease cash glut: sources

The move is aimed at correcting market expectations around access to liquidity

The PBOC has withdrawn a total of 1.75 trillion yuan of medium- to long-term liquidity over the past three months.

China’s central bank cuts cash operation to record low as bond rally deepens

The move marks the latest step by PBOC to mop up excess funds that accumulated as loan growth slowed sharply

Despite those instructions from the PBOC, new yuan loans contracted in April for the first time in nine months.

PBOC tells Chinese banks to boost May lending as credit weakness persists

Household and corporate loan demand has remained weak this month

The primary culprit for the surge in bad loans is a mountain of credit extended to companies whose earnings are insufficient to cover interest payments.

China’s US$3 trillion of hidden bad debt prolongs economic pain

Chinese banks are also accelerating write-offs and transfers of bad assets

The People's Bank of China has pledged to keep policy accommodative despite having limited room to cut interest rates as inflation edges higher.

China’s central bank guides banks to step up lending in April: sources

PBOC’s rare credit push follows Middle East conflict fears and the nation’s ongoing property debt crisis