Shocking! Tanks surround crisis-hit banks in China to scare protestors: Watch
There have been reports that tanks from the Chinese Peoples Liberation Army (PLA) are on the streets defending Banks (Rizhao, Shandong Province).
Jul 21, 2022, 12:34 PM IST
Bitcoin slips 7% on China’s latest crackdown on cryptocurrencies
The People's Bank of China said it will bar the facilitation of cryptocurrency trading.
Sep 24, 2021, 17:33 PM IST
People's Bank of China picks up stake in ICICI Bank via QIP issue
The People's Bank of China was among 357 institutional investors which included domestic mutual funds, insurance companies and global institutions that subscribed to the issue, sources said.
Aug 19, 2020, 11:32 AM 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
Users opting mobile payments exceed 520 million in China
The combined value of mobile payments jumped 33.8 per cent to 39.2 trillion yuan (USD six trillion).
Nov 23, 2017, 12:05 PM IST
Chinese investors bemoan Beijing's bitcoin crackdown
Bitcoin has also lured many ordinary Chinese attracted by the incredible surge in prices, a popularity that has generated "pyramid schemes and financial fraud", said Dong Ximiao, an economist at Peking University.
Oct 01, 2017, 11:25 AM IST
China says considering tighter controls on yuan currency
China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalisation pledges.
May 26, 2017, 18:32 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's forex reserves drops to lowest since 2011
The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.
Nov 07, 2016, 22:19 PM IST
China's forex reserves fall $16 billion in August
China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.
Sep 07, 2016, 17:33 PM IST
China's forex reserves down to $3.201 trillion in July
China's foreign exchange reserves, the highest in the world, dropped to USD 3.201 trillion at the end of last month, down from June's USD 3.205 trillion amid concerns over capital outflows.
Aug 07, 2016, 16:43 PM IST
China's central bank pumps-in USD 25 bln to boost liquidity
China's central bank has injected a whopping 163 billion yuan into 20 financial institutions to ease liquidity strain in the world's second largest economy, currently witnessing sluggish growth.
Feb 21, 2016, 17:33 PM IST
China floods financial system with $52 billion to boost liquidity
China's central bank said Thursday it was funnelling 340 billion yuan (USD 52 billion) into the financial system, the second injection in three days to meet surging demand for funds ahead of the Lunar New Year holiday.
Jan 28, 2016, 13:31 PM IST
China offers banks $91 billion ahead of holiday
China's central bank has pledged more than 600 billion yuan (USD 91 billion) in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year, when demand for cash surges.
Jan 20, 2016, 19:32 PM IST
China bank lending slides in December despite loosening
New loans extended by banks slid to 597.8 billion yuan (USD 91.1 billion) in December, against 708.9 billion yuan in November, the People's Bank of China said.
Jan 15, 2016, 17:07 PM IST
China October bank lending halves on weak demand
China's bank lending nearly halved in October compared with the month before, the central bank said Thursday, reflecting lack of demand despite an interest rate cut aimed at boosting the flagging economy, the world's second-largest.
Nov 12, 2015, 19:32 PM IST
China issues new 100 yuan note to stop forgery of currency
China Thursday issued a new 100 yuan banknote - the largest denomination of the currency available in the world's second-largest economy - with added golden touches and more security features that will be harder to counterfeit and easier for machines to read.
Nov 12, 2015, 17:19 PM IST
China calls for ATM upgrade to handle new currency notes
The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.
Aug 12, 2015, 17:59 PM IST
China to issue new 100 yuan note with more security features
China's central bank, the People's Bank of China (PBOC), Monday said it will start issuing a new 100-yuan bank note from November 12 that will be harder to counterfeit and easier for machines to read.
Aug 10, 2015, 11:36 AM IST
China's gold reserve zooms nearly 60% in six years
China's gold reserves touched a record 1,658 tonnes by June, 2015, zooming nearly 60 percent since April 2009, the central bank of the world's largest gold producer said Friday.
Jul 17, 2015, 19:18 PM IST
