The People's Bank of China : Chinatopix

The People's Bank of China

The People's Bank of China Launches Economy Measure To Cut Interest Rates On Loans From Banks

Mar 31, 2020 08:46 PM EDT

The People's Bank of China has launched another economic measure to alleviate the adverse effects of the pandemic on the country.

The People's Bank of China announced that it has shaved its reserve requirement ratio by one percentage point.

China Offers Temporary Reserve Ratio cut to 5 big Banks to aid Liquidity

Staff Reporter |

Jan 23, 2017 10:28 AM EST

China has given temporary relief to five of its major banks as authorities announced a cut in their cash reserve ratio. The lower ratio will allow the banks to employ more of their resources as they are not required to keep a high cash reserve.

The government authorities undertook a series of investigations into the working Bitcoin exchanges in China.

China Finds Bitcoin Exchanges Circumventing Regulations; Halts Margin Trading

S. Rina |

Jan 20, 2017 09:57 AM EST

China has taken strong steps to curb Bitcoin operations in the country. The government authorities undertook a series of investigations into the working Bitcoin exchanges in China. It found that several practices were in contravention to existing laws.

China Takes Steps to Control Yuan Value Slide, Outlook Bleak

S. Rina |

Jan 16, 2017 08:09 PM EST

China has instituted various measure to contain the fall in the value of its currency. However, market experts believe that the slide is likely to continue despite these actions. The slowdown in economy is likely to further exacerbate the depreciation in value.

China Tightens Exchange Controls, Sends Bitcoin Tumbling Down

S. Rina |

Jan 12, 2017 09:36 PM EST

China continues its offensive against Bitcoin, sending the value of the cryptocurrency to the bottom. Bitcoin faced further erosion of 10 percent in its value as China's central bank announced that it may investigate unauthorized financing and market manipulation.

These regulations are primarily concerned with curbing the flow of capital outside the country.

China Pushes to Keep Foreign Exchange Regulations a Secret: Reuters

S. Rina |

Jan 12, 2017 08:39 PM EST

In an exclusive report, Reuters claimed that Chinese banking regulators are pushing financial institutions to keep foreign currency regulations a secret. These regulations are primarily concerned with curbing the flow of capital outside the country.

China Looks to Contain Yuan Volatility Amidst Falling Reserves

S. Rina |

Jan 11, 2017 06:45 AM EST

China is planning to contain the fall of its currency value as the country struggles to maintain its reserves. The currency showed the signs of weakness this week as well as The People's Bank of China set the mark on Monday at 0.87 percent lower than last Friday.

The country is also expected to further strengthen the punitive measures on illegal currency outflows.

China to Clamp Down on Individual Foreign Currency Transactions

S. Rina |

Jan 02, 2017 09:57 AM EST

China is looking to enhance the surveillance on foreign currency purchases made by individuals. The country is also expected to further strengthen the punitive measures on illegal currency outflows. However, it is likely to keep the current $50,000 annual individual quota intact.

International Monetary Fund has raised concerns about China’s spiraling corporate debt.

IMF Tells China to Manage ‘High’ Corporate Debt Immediately

Rina S. |

Jun 11, 2016 07:57 PM EDT

The International Monetary Fund (IMF) has raised concerns about China's spiraling corporate debt and the associated potential risks. China is currently struggling to reverse a declining growth rate while its total debt and corporate debt is increasing. Banks are also being forced to carry high non-performing loans as companies are struggling to turn profits.