China central bank

China Cuts Banks' Reserve Ratio For First Time In 2023 To Aid Recovery

The central bank has promised to make its policy "precise and forceful" this year to support the economy, keeping liquidity reasonably ample and lowering funding costs for businesses.

Mar 17, 2023, 17:33 PM IST

People's Bank of China increases stake in HDFC to over 1 per cent

The central bank of China currently has nearly 1.75 crore shares in HDFC during the quarter ended March, according to data submitted by the company at the BSE.

Apr 12, 2020, 18:41 PM IST

China's central bank tells banks to stop doing business with North Korea

Chinese banks received the document on Monday, the sources said.

Sep 21, 2017, 16:56 PM IST

PBOC to skip open market operations for the 11th straight session

China`s central bank said it would skip open market operations on Monday, citing "relatively high" liquidity level in the banking system despite some impact from local government bond issuance.

Apr 10, 2017, 10:31 AM IST

China replaces Finance Minister Lou Jiwei; aims at fiscal boost to economy

China today replaced finance minister Lou Jiwei, state media reported, with some analysts predicting more fiscal stimulus in the world's second-largest economy.

Nov 07, 2016, 16:21 PM IST

China cuts yuan fix in biggest move since devaluation

China only allows the yuan to rise or fall two percent on either side of the daily fix, one of the ways it maintains control over the currency.

May 04, 2016, 16:37 PM IST

China cuts bank reserve requirements for economic boost

China's central bank today cut the proportion of funds banks must set aside as reserves, according to a statement, in the latest attempt to tackle slowing growth in the world's second-largest economy.

Feb 29, 2016, 18:39 PM IST

China central banker calls for more reforms now, warns of cost of delay

China should continue with financial reform now, a senior Chinese central banker said on Friday, warning that costs will increase if reforms are delayed.

Sep 25, 2015, 08:48 AM IST

China FX reserves fall record $93.9 bn in Aug as central bank supports yuan

A large portion of China`s reserves are held in U.S. Treasuries. Last week, traders suspected China of selling Treasuries.

Sep 07, 2015, 15:09 PM IST

China cuts yuan rate for 3rd straight day by more than 1%

China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.

Aug 13, 2015, 11:12 AM IST

Chinese currency devaluation appears a welcome step: IMF

China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.

Aug 12, 2015, 12:17 PM IST

China devalues its currency Yuan: What will be the worldwide impact

China cut the value of the yuan against the dollar for a second consecutive day.

Aug 12, 2015, 09:40 AM IST

China announces sharp fall in value of yuan currency

China`s central bank on Tuesday announced a sharply lower daily reference rate for the yuan against the US dollar, saying it was part of moves to make its exchange rate regime more market-oriented.

Aug 11, 2015, 10:11 AM IST

China's central bank says financial system stable

Economic conditions were complicated and should not be underestimated, the People`s Bank of China (PBOC) said in a statement published on its website.

Jul 14, 2015, 17:07 PM IST

China's economy to pick up in H2: Economists

Economists at China`s central bank have sharply lowered their 2015 inflation forecast even as they predicted that stabilising Chinese home prices and firmer foreign demand will drive a pick-up in the world`s second-biggest economy in the next six months.

Jun 10, 2015, 14:40 PM IST