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The People's Bank of China is the central bank of the People's Republic of China responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by People's Bank Law and Commercial Bank Law.
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International :
Chinese Premier Xi must avoid another policy-induced recession
Beijing [China], April 28 : China has not yet completely escaped the recession brought about by its zero-Covid policy. ... ...
International :
China makes surprise rate cut to boost liquidity in banking system
Hong Kong, March 17 China's central bank has made a surprise cut to the amount of money that ... ...
Politics :
China's central bank to issue 25 billion yuan of bills in Hong Kong
Beijing, Feb 15 China's central bank plans to issue 25 billion yuan (about 3.67 billion U.S. dollars) worth ... ...
International :
China announces 234 arrests in provincial banking scam
Chinese authorities have announced the arrests of 234 people involved in the financial scandal surrounding several rural banks in Henan province, local media reported on Monday. ...
International :
China crushes protest by bank depositors in Henan province demanding their money back
China on Sunday dispersed a protest by hundreds of depositors, who sought to demand their money back from banks that have run into a deepening cash crisis. ...
International :
China's 'deceitful' currency swap with Sri Lanka worth USD 1.5 billion
Sri Lanka is reeling under a severe economic crisis and one of the reasons for it was the "deceitful" Chinese currency swap with Sri Lanka worth USD 1.5 billion. ...
International :
China's currency hits 18-month low against USD
China's Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the USD, the lowest figure since October 30, 2020. ...
International :
Investors leave China amid slumping economy, stern COVID policies
China's economic slowdown and country's high handed in tackling COVID-19 are pushing the investors to move out of the country and shut down their businesses. ...
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