People's Bank of China
China-led cross-border digital currency platform sees surge in transactions
It is the latest sign that efforts to build alternatives to US-dollar-dependent global payment systems are gaining traction
China’s US$1.2 trillion windfall quietly seeps into global markets
For a world already uneasy over the huge imbalances in trade, another outcome is a global financial system increasingly reliant on liquidity sourced from the Asian country
China’s central bank cuts structural interest rates to boost targeted lending
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances
China’s PBOC adds gold for 14th month as prices hit record
Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month
China’s central bank pledges to cut RRR, interest rate in 2026
The central bank will make flexible and efficient use of multiple monetary policy
PBOC’s leanest year for easing since 2021 defies Wall Street
During a year defined by trade chaos unleashed by Trump, it lowers policy rate only once, by 10 bps
China to pay interest on digital yuan in bid to boost adoption
Whether the new interest-bearing arrangements will promote significantly wider adoption of the E-CNY remains unclear
China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing
On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT
China to scrub small overdue debts from credit records to help spur lending
[BEIJING] China’s central bank on Monday unveiled a one-off credit repair scheme to allow overdue personal debts of up to 10,000 yuan (S$1,835) incurred since 2020 to be removed from credit records on...
China leaves benchmark lending rates unchanged for seventh month in a row in December
[SHANGHAI] China left benchmark lending rates unchanged for the seventh consecutive month in December on Monday, matching market expectations.
