Pboc

China government bond yields rose across the curve following the statement, with five-year rate climbing eight basis points and 10-year rate gaining four basis points to 1.675%. The offshore yuan edged 0.1% higher.

China's central bank offers strongest yuan support since July after dollar gains

The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday

China’s sudden stock rally sucks money from rest of Asia

The MSCI China Index has risen more than 30% from a recent low as authorities announced a barrage of measures to revive growth. Trading turnover in both China and Hong Kong hit a record high on Monday.

China likely to maintain lending rates even as economy slows: Poll

A fragile yuan, China's lower interest rates versus other major economies, monetary policy divergence and narrowing interest margins at commercial banks remain the key constraints limiting Beijing's easing efforts, market watchers said.

China central bank leave medium-term rate unchanged as expected

The People's Bank of China (PBOC) said it was keeping the rate on 100 billion yuan ($13.8 billion) in one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation.

People’s Bank of China vows to satisfy people’s housing needs as downturn drags on

The central bank called for “fully recognizing the latest changes in the property market’s supply and demand relationship” in a statement Friday, after a quarterly meeting of its monetary policy committee. The readout didn’t elaborate on specific measures.

World Street | Fed's rate cut timeline, S&P 500 and Nasdaq at record high and more

From China's hopes of the EU lowering high tariffs on Chinese EVs to its central bank's support for the property sector, here's a look at some of the major developments from across the world.

PBOC extends Yuan support as it boosts fix by most since January

The People’s Bank of China shifted its fixing by 0.1% with traders still on tenterhooks after the yuan sank to its weakest since November on Friday. The currency rose as much as 0.2% in offshore trading in response to the reference rate and traded little changed onshore.

China seen leaving benchmark lending rates unchanged in March

The loan prime rate (LPR) normally charged to banks' best clients is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC).

China's central bank cuts two key benchmark interest rates

The one-year Loan Prime Rate, which serves as a benchmark for corporate loans, was reduced from 3.65 percent to 3.55 percent, the People's Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, was cut from 4.3 percent to 4.2 percent.

China central bank cuts key interest rate to boost economy

The medium-term lending facility rate -- the interest for one-year loans to financial institutions -- was cut by 10 basis points to 2.65 percent, the People's Bank of China said in a statement.

China pumps $25 billion in funds to banks while keeping key rate on hold

The People’s Bank of China offered 170 billion yuan ($25 billion) of funds to banks through the medium-term lending facility. That resulted in a 20 billion yuan net injection in April, the smallest since November.

Chinese banks hold rates as analysts bet easing to come

The one-year loan prime rate was held at 3.65% for a sixth consecutive month, in line with the forecasts from all 13 economists surveyed by Bloomberg. The five-year rate, a reference for mortgages, was also kept at 4.3%, as expected, data from the People’s Bank of China showed.

PBOC surprise suggests China’s outlook is truly dire

The PBOC lowered a key interest rate Monday, a surprise for economists and the first trim since January.

China needs more stimulus to boost growth, PBOC paper says

In a front-page report Tuesday, the newspaper said Beijing should introduce new pro-growth policies at the appropriate time to keep growth within a reasonable range, citing Wen Bin, chief economist at China Minsheng Bank.

China central bank keeps medium-term policy rate unchanged, matching expectations

The People's Bank of China said it was keeping the rate on 150 billion yuan ($23.52 billion) worth of one-year medium-term lending facility loans CNMLF1YRRP=PBOC to some financial institutions unchanged at 2.85% from the previous operation.

China cuts key rates, stepping up monetary stimulus effort to underpin economy

With the property downturn seen persisting into 2022 and fast-spreading Omicron variant dampening consumer activity, many analysts expect more easing measures will be necessary, despite other major economies, including the United States, appearing set to tighten their monetary policies this year.

China central bank says will issue a nationwide ban on cryptocurrency mining

The People’s Bank of China also said it will bar financial institutions, payment companies and Internet firms from facilitating cryptocurrency trading, and will strengthen monitoring of risks from such activities.

As headwinds rise, China seen quickening fiscal support to protect growth

China's manufacturers are grappling with higher raw material prices and global supply chain bottlenecks.

Amid India-China tension, Chinese central bank invests Rs 15 crore in ICICI Bank: Report

PBOC was on the Indian government's radar recently after it raised its stake in HDFC to slightly over 1 percent during the quarter that ended on March 31, 2020.

People's Bank of China trims stake in HDFC to less than 1%

PBOC had raised its holding in the housing financier to slightly over 1 percent during the quarter that ended on March 31, 2020.

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

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

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

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%.