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  • How Chinese central bank’s move in HDFC alerted New Delhi to tighten rules Jun 17, 2020 02:43 PM IST

    How Chinese central bank’s move in HDFC alerted New Delhi to tighten rules

    India’s concern was mainly over Chinese opportunism. By the second half of April, India began to put in place controls to screen Chinese investment proposals in Indian companies.

  • China to strengthen policy, lower lending rates: PBOC governor Yi Gang May 26, 2020 09:17 AM IST

    China to strengthen policy, lower lending rates: PBOC governor Yi Gang

    Yi, in an interview published by the central bank on Tuesday, said China's economic fundamentals are unchanged despite many uncertainties and reiterated that its current stance on monetary policy will be more flexible.

  • At least 16 China-based entities get permanent registration in India May 22, 2020 12:10 PM IST

    At least 16 China-based entities get permanent registration in India

    While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank. Other registered FPIs in India include the National Social Security Fund (NSSF), a government-run investment fund established primarily to provide a reserve of funds for China's social security system.

  • China cuts key rate for second time this year, more easing likely Apr 20, 2020 02:11 PM IST

    China cuts key rate for second time this year, more easing likely

    The one-year loan prime rate (LPR) was lowered by 20 basis points (bps) to 3.85% from 4.05% previously, while the five-year LPR was cut by 10 bps to 4.65% from 4.75%.

  • New FDI norm a welcome step, experts say FII route should also be plugged Apr 20, 2020 07:58 AM IST

    New FDI norm a welcome step, experts say FII route should also be plugged

    There are two more companies in which foreign institutional investors from China hold a substantial stake in Indian companies that includes names like Visa Steel, and ZEE Entertainment.

  • PBOC's stake hike in HDFC ruffles feathers in Finance Ministry: Report Apr 13, 2020 04:23 PM IST

    PBOC's stake hike in HDFC ruffles feathers in Finance Ministry: Report

    Central banks typically buy bonds of companies in other countries, not equities.

  • China central bank official calls for stepped-up global policy coordination Mar 22, 2020 09:46 AM IST

    China central bank official calls for stepped-up global policy coordination

    Chen Yulu, a deputy governor at the People's Bank of China (PBOC), also told a news conference that PBOC Governor Yi Gang had exchanged views with U.S. Federal Reserve Chairman Jerome Powell, the International Monetary Fund and other agencies.

  • China central bank says huge cash injections to stabilise market expectations, restore confidence Feb 04, 2020 09:05 AM IST

    China central bank says huge cash injections to stabilise market expectations, restore confidence

    The remarks were published on the official WeChat account of the People's Bank of China (PBOC) after it injected a total of 1.7 trillion yuan ($242.74 billion) via reverse repos on Monday and Tuesday.

  • Chinese central bank to pump $173 bln to economy in virus boost Feb 02, 2020 02:41 PM IST

    Chinese central bank to pump $173 bln to economy in virus boost

    The People's Bank of China (PBOC) said in a statement it would launch a 1.2 trillion yuan reverse repurchase operation on Monday to maintain "reasonable and abundant liquidity" in the banking system, as well as a stable currency market, during the epidemic.

  • China central bank sees temporary economic impact from virus, pledges support measures Feb 01, 2020 02:36 PM IST

    China central bank sees temporary economic impact from virus, pledges support measures

    In multiple statements issued on Saturday afternoon, the People's Bank of China (PBOC) said that it will appropriately lower lending rates to support firms affected by virus outbreak.

  • China central bank injects $58 billion of loans but keeps rates steady Jan 15, 2020 09:22 AM IST

    China central bank injects $58 billion of loans but keeps rates steady

    The People's Bank of China (PBOC) said on its website the interest rate on one-year MLF loans remained at 3.25%, unchanged from the previous operations. It injected 300 billion yuan ($43.51 billion) via the liquidity tool.

  • China cuts banks' reserve requirements again to spur slowing economy Jan 01, 2020 02:37 PM IST

    China cuts banks' reserve requirements again to spur slowing economy

    The People's Bank of China said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective January 6. Many analysts had expected such a move was imminent.

  • China cuts key liquidity rate for first time since 2015 Nov 18, 2019 09:45 AM IST

    China cuts key liquidity rate for first time since 2015

    The People's Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%.

  • PBOC says blockchain solves trade authentication, financing issues Nov 07, 2019 08:30 AM IST

    PBOC says blockchain solves trade authentication, financing issues

    Blockchain technology effectively reduces financing risks for financial institutions, and lowers financing costs for importers and exporters, the statement said.

  • 'A break below 72.90/$ could push rupee to a new all time low' Aug 27, 2019 11:59 AM IST

    'A break below 72.90/$ could push rupee to a new all time low'

    The level of 72.90 is a crucial resistance for the USD/INR pair, break of which could push it to a new all-time high.

  • China to base new lending benchmark on medium-term rates; shares rally on rate cut hopes Aug 19, 2019 05:45 PM IST

    China to base new lending benchmark on medium-term rates; shares rally on rate cut hopes

    While the rate overhaul has been in the works for some time, the announcement came days after data showed the economy stumbled more sharply than expected in July, raising questions over whether more rapid and forceful stimulus may be needed.

  • Global Markets: Asia shares up on policy easing hopes, Yuan slips on PBOC signals Jun 07, 2019 01:25 PM IST

    Global Markets: Asia shares up on policy easing hopes, Yuan slips on PBOC signals

    Those concerns blunted some of the optimism, with liquidity light during Asian trading as China and Hong Kong markets were shut for a public holiday.

  • S&P Global enters China's credit rating market amid trade war Jan 28, 2019 07:42 PM IST

    S&P Global enters China's credit rating market amid trade war

    The People's Bank of China -- China's central bank -- said S&P Global's Beijing-based subsidiary has successfully registered and has received the green light to conduct bond rating in China's interbank bond market.

  • China central bank says to maintain prudent monetary policy, keep yuan stable Dec 27, 2018 02:27 PM IST

    China central bank says to maintain prudent monetary policy, keep yuan stable

    On its website, following a quarterly meeting of its monetary policy committee, the People's Bank of China (PBOC) said it will make monetary policy more forward-looking, flexible and targeted.

  • 41 patent filings at People's Bank of China reveal the future of planned digital currency Jun 27, 2018 05:07 PM IST

    41 patent filings at People's Bank of China reveal the future of planned digital currency

    The goal is to break the silo between blockchain-based cryptocurrency and the existing monetary system, and will enable digital currency to sport cryptocurrency-like features.

  • China central bank injects 398 billion yuan via MLF, citing tight liquidity Jan 15, 2018 10:02 AM IST

    China central bank injects 398 billion yuan via MLF, citing tight liquidity

    "With the present peak of tax payments, financial institutions' reserve requirements and the maturing of repos and MLF loans, overall banking system liquidity has seen a relatively large decrease," the People's Bank of China said.

  • China raises short and medium term interest rates after Fed Dec 14, 2017 09:58 AM IST

    China raises short and medium term interest rates after Fed

    Economists were surprised by the move but said at just five basis points, the increases were small and more symbolic than substantive.

  • Users opting mobile payments exceed 520 million in China Nov 23, 2017 11:28 AM IST

    Users opting mobile payments exceed 520 million in China

    According to the People's Bank of China, Chinese banks dealt with 8.6 billion payments from mobile services in the second quarter of this year, up 40.5 per cent from a year ago.

  • China central bank chief raises new worry in China: Mortgage-driven household debt Oct 24, 2017 07:56 AM IST

    China central bank chief raises new worry in China: Mortgage-driven household debt

    "Regarding household debt levels, China doesn't rank that high on a global scale, but the pace of growth has picked up in the last few years," People's Bank of China governor Zhou Xiaochuan said Thursday. He didn't expect any action should be taken immediately but said the debt levels should be monitored for quality and a steady pace of growth.

  • China's PBOC chief sees 7% GDP growth in H2, stronger than economist forecasts Oct 16, 2017 09:17 AM IST

    China's PBOC chief sees 7% GDP growth in H2, stronger than economist forecasts

    While China produced forecast-beating growth of 6.9 percent in the first half, many economists and investors had expected its momentum would start to fade in the latter part of the year.

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