Zou Lan, head of the monetary policy department at the People's Bank of China (PBOC), will be promoted to deputy governor of the central bank, two sources with knowledge of the matter said.
The People's Bank of China (PBOC) announced Monday that it will keep its benchmark interest rate at 3.1% for the fourth consecutive month, in line with analysts' expectations of no change. The one-year prime lending rate (LPR) will remain at this level for at least another month,
The announcement by the People's Bank of China that it has suspended treasury bond purchases due to the asset's scarcity highlights the limitations of its resources as it confronts an increasingly challenging economic environment.
China introduces measures to boost its equity markets by encouraging share buybacks, higher dividends, wealth management, pension and insurance funds to invest in the markets
China Retains Loan Prime Rates
· 3d · on MSN
People's Bank of China keeps one and five-year loan prime rates unchanged in Jan, as expected
· 3d · on MSN
China keeps benchmark lending rates unchanged as it contends with a weakening yuan
China Retains Loan Prime Rates As Expected
The People's Bank of China maintained its interest rates for the third straight session on Monday as policymakers await the stance of
Investments from the National Social Security Fund, mutual funds and other sources will be increased to boost the stock market, regulators say.
China's central bank and top securities regulator have vowed to ramp up supportive policy tools to shore up the country's capital market. The remarks were made at a recent seminar on stock buyback and repurchase loaning program,
The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.
The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.
Foreign-exchange regulators reiterated their pledge to defend the yuan, as the Chinese currency comes under renewed pressure amid prospects of U.S. trade tariffs.
An outpouring of Chinese government bond issuance and early signs of improvement in the housing market helped stir up appetite for financing in December, drawing to a close a year when new loans declined for the first time since 2011.
The People’s Bank of China vowed to help the economy grow this year, firming expectations of more monetary easing.
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