Search For "pboc"
Yuan sinks to 19-month low as China loosens currency grip
Updated : 1 year, 1 month ago IST
China's yuan hit a 19-month low against the US dollar after the central bank set a weaker reference rate, signalling a possible shift in its currency strategy amid rising trade tensions with Washington.
Read More
China: Central Bank governor warns economic prudence ahead of retirement
Updated : 2 years, 10 months ago IST
People’s Bank of China (PBOC) Governor, Yi Gang, who is soon expected to step down from the position, has flagged some crucial concerns and also offered advice in a recent article for the Journal of Economic Research.
Read More
China: Police disguises as commoner to suppress protestors demanding relea
Updated : 3 years, 10 months ago IST
Zhengzhou [China], July 14 (ANI): Amid large-scale protests in Henan province by bank depositors over the release of frozen funds, white-clothed men, who are suspected to be from the Chinese People's Armed Police Force, suppressed the protests in front of the Zhengzhou People's Bank of China
Read More
China Matters highlighted the 6th World Intelligence Congress: China's Dig
Updated : 3 years, 11 months ago IST
Beijing [China], June 24 (ANI/PR Newswire): The year was 2014 when China's banking sector shook hands on a private banking license deal with the country's Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But li
Read More
Chinese economic growth rate to slump below 5 per cent
Updated : 4 years, 5 months ago IST
Beijing [China], December 20 (ANI): Grim days are ahead for the Chinese economy as the growth rate is to slump below 5 per cent following the property crisis, industrial slump, weak consumption and the fallout from COVID-19-led lockdowns.
Read More
People's Bank of China now owns 1.01 pc stake in HDFC
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], April 12 (ANI): The People's Bank of China (PBOC) has bought 1.01 per cent stake in the Housing Development Finance Corporation (HDFC).
Read More
Beijing on brink of economic collapse, warns Chinese bank chief
Updated : 8 years, 6 months ago IST
Beijing [China], November 11 (ANI): Zhou Xiaochuan, the governor of China's central bank - the People's Bank of China (PBOC), has warned that China's financial system is becoming more vulnerable due to high levels of leverage, or borrowing.
Read More