PBOC

Chinese banks keep lending rate unchanged after PBOC hold
Chinese banks keep lending rate unchanged after PBOC hold
May 20, 2024
CHINESE banks left their benchmark lending rates unchanged following the central bank’s decision last week to hold a key rate on loans it offers to lenders.
PBOC steps up rhetoric against long-end government bond rally
PBOC steps up rhetoric against long-end government bond rally
April 24, 2024
THE People’s Bank of China (PBOC) ramped up its verbal pushback against the rally in long-term government bonds, warning of a reversal and hinting that a mismatch between market...
China finance ministry echoes Xi’s call for bond trading at PBOC
China finance ministry echoes Xi’s call for bond trading at PBOC
April 23, 2024
CHINA’S Ministry of Finance said it supports allowing the central bank to trade government bonds, reaffirming a sentence from President Xi Jinping that ignited market speculation about a change...
PBOC chief urges clarity on burden sharing for debt relief
PBOC chief urges clarity on burden sharing for debt relief
April 22, 2024
THE head of China’s central bank wants creditors engaged in debt restructurings for emerging market countries to agree on how to fairly share the burden of relief, according to...
Xi’s cryptic bond comments hint at PBOC becoming more like Fed
Xi’s cryptic bond comments hint at PBOC becoming more like Fed
April 2, 2024
A RESURFACED speech from Chinese President Xi Jinping suggests policymakers may start trading government bonds to regulate liquidity in the market, pushing the nation towards strategies used by the...
PBOC chief seeks to deepen currency ties with Asian economies
PBOC chief seeks to deepen currency ties with Asian economies
March 27, 2024
People’s Bank of China (PBOC) governor Pan Gongsheng said the country will aim to boost currency cooperation with Asian economies to enhance financial stability in the region.He spoke about...
China banks hold lending rates as PBOC refrains from easing
China banks hold lending rates as PBOC refrains from easing
March 20, 2024
CHINESE banks maintained their benchmark lending rates following the central bank’s recent decision to stand pat on monetary policy. The one-year loan prime rate (LPR) was held at 3.45...