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  • China's corporate debt levels are excessively high:PBOC governor Mar 10, 2017 10:59 AM IST

    China's corporate debt levels are excessively high:PBOC governor

    Banks cannot support firms with high leverage, People's Bank of China Governor Zhou Xiaochuan told reporters at a news conference on the sidelines of the annual parliament session in Beijing.

  • 'Making monetary policy neutral will help supply-side reforms' Mar 10, 2017 10:50 AM IST

    'Making monetary policy neutral will help supply-side reforms'

    China's monetary policy is prudent and neutral and the central bank has many tools at its disposal, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) said at a news conference on the sidelines of the annual parliament session in Beijing.

  • China's forex reserves stages recovery after record fall Mar 07, 2017 06:40 PM IST

    China's forex reserves stages recovery after record fall

    China's forex reserves rose slightly in February, expanding for the first time since June, according to an official data released today.

  • China eyes 12 % broad money supply rise in 2017: Sources Feb 28, 2017 09:02 AM IST

    China eyes 12 % broad money supply rise in 2017: Sources

    Under its new "prudent and neutral" policy, the People's Bank of China (PBOC) has adopted a modest tightening bias in a bid to cool torrid credit expansion, though it is treading cautiously to avoid hurting the economy.

  • China drains more money from market to check debt risk Feb 24, 2017 12:42 PM IST

    China drains more money from market to check debt risk

    China's monetary policy will be prudent and neutral in 2017, which will help prevent a rapid rise in debt levels and asset bubbles, Ma Jun, chief economist at the People's Bank of China (PBOC), said.

  • PBOC to make 'dynamic changes' to banks' targeted RRR rates Feb 21, 2017 10:34 AM IST

    PBOC to make 'dynamic changes' to banks' targeted RRR rates

    The People's Bank of China recently completed an assessment of banks' adherence to RRR regulations based on lending to rural sector and small firms in 2016, and said most banks meet their targeted RRR requirements, according to a statement posted on its website.

  • China's forex reserves sinks to six-year low Feb 07, 2017 08:14 PM IST

    China's forex reserves sinks to six-year low

    China's forex reserves, the highest in the world, fell below USD three trillion for the first time in six years, sparking global concerns over their rapid decline.

  • China ups short-term interest rates in fresh tightening signal Feb 03, 2017 02:12 PM IST

    China ups short-term interest rates in fresh tightening signal

    While the rate increases were modest, they reinforced views that Chinese authorities are intent on both containing capital outflows and reining in risks to the financial system created by years of debt-fueled stimulus.

  • China central bank to keep up spot checks on bitcoin exchanges Jan 25, 2017 03:20 PM IST

    China central bank to keep up spot checks on bitcoin exchanges

    The People's Bank of China (PBOC) this month launched spot checks on BTCC, Huobi and OkCoin, to identify a range of possible rule violations, as the government steps up efforts to stem capital outflows and relieve pressure on the yuan currency.

  • 'China playing dangerous game of selling forex reserves' Jan 23, 2017 12:18 PM IST

    'China playing dangerous game of selling forex reserves'

    "Forex reserves are valuable assets that (China) can use at critical times. It's a pity that they are being sold heavily in the market.It should be the last resort," Zhang has been quoted by the Hong Kong based South China Morning Post as saying.

  • China's central bank launches spot checks on bitcoin exchanges Jan 11, 2017 05:00 PM IST

    China's central bank launches spot checks on bitcoin exchanges

    The probe of bitcoin exchanges, including BTCC, Huobi and OKCoin, was to look into a range of possible rule violations, including market manipulation, money laundering and unauthorised financing, the People's Bank of China (PBOC) said. It did not say if any violations had been found.

  • China forex reserves fall for 6th mnth in Dec, near $3 trillion Jan 07, 2017 01:57 PM IST

    China forex reserves fall for 6th mnth in Dec, near $3 trillion

    China's foreign exchange reserves fell to near six-year lows in December, but held just above the critical USD3 trillion level, as authorities stepped in to support the weakening yuan ahead of US President-elect Donald Trump's inauguration.

  • China‘s offshore yuan surges most against dollar in a year Jan 05, 2017 11:23 AM IST

    China‘s offshore yuan surges most against dollar in a year

    On Thursday, dollar was fetching 6.8863 yuan at 11:09 a.m. HK/SIN in offshore trade. The pair had fallen as low as 6.8648 around 9:00 a.m. HK/SIN. On Wednesday, the dollar/yuan pair had its largest drop in a year in the offshore market, falling from as high as 6.9688 to as low as 6.8658.

  • China central bank injects $124.9 bn in Dec, up 13% from Nov Jan 03, 2017 01:55 PM IST

    China central bank injects $124.9 bn in Dec, up 13% from Nov

    December liquidity injections were up 13.2 percent from November, according to Reuters' calculations based on central bank data.

  • China sets first yuan fixing after adjusting currency basket Jan 03, 2017 09:04 AM IST

    China sets first yuan fixing after adjusting currency basket

    China has been promoting use of the index, which references a basket of currencies of its trading partners, partly to divert attention from the yuan's slide against the dollar, which comes as US President-elect Donald Trump has threatened to label Beijing a currency manipulator.

  • China's new rule on yuan transfers not a capital control measure Jan 02, 2017 09:43 AM IST

    China's new rule on yuan transfers not a capital control measure

    Banks and other financial institutions in China will have to report all domestic and overseas cash transactions larger than 50,000 yuan (USD 7,201.50), compared with 200,000 yuan previously, the central bank said on Friday.

  • China policymakers pledge stability for 'complex' year ahead Dec 31, 2016 12:46 PM IST

    China policymakers pledge stability for 'complex' year ahead

    Controlling risks has been a constant refrain in recent months as the focus of policymakers switches to taming asset bubbles and checking unbalanced growth stemming from efforts to fuel the economy with credit.

  • China economy improving, rate hike a possibility: PBOC adviser Dec 30, 2016 02:07 PM IST

    China economy improving, rate hike a possibility: PBOC adviser

    "The economy is improving...so interest rates and prices will move in a positive direction," Sheng said on Thursday. "Under the right circumstances, if conditions allow, we can consider a rate hike."

  • China's yuan set to have biggest annual loss since 1994 Dec 30, 2016 11:15 AM IST

    China's yuan set to have biggest annual loss since 1994

    In 2016, the yuan has been pressured by worries about slowing Chinese economic growth and more recently by a resurgent U.S. dollar, which has spurred capital outflows from many emerging markets.

  • China urges calm on yuan after US rate hike Dec 16, 2016 01:50 PM IST

    China urges calm on yuan after US rate hike

    China has been struggling to prop up the falling unit in the face of a huge flight of capital from the country as the prospects of better and safer returns in the United States entice investors away.

  • China ready to slow yuan descent, worried about capital outflows Nov 18, 2016 03:55 PM IST

    China ready to slow yuan descent, worried about capital outflows

    The yuan fell on Friday to an eight-year low of 6.8950 per dollar, extending a sharp decline in the past week and taking its fall so far this year to 5.8 percent. If maintained, it would mark the yuan's biggest annual decline since the landmark revaluation in 2005.

  • China weakens yuan-dollar rate beyond landmark 6.8 level Nov 11, 2016 02:12 PM IST

    China weakens yuan-dollar rate beyond landmark 6.8 level

    The People's Bank of China set the value of the yuan - also known as the renminbi - at 6.8115 to the greenback, down 0.34 percent from yesterday's fixing, according to data from the Foreign Exchange Trade System.

  • China central bank learns lessons as deflates money market risk Oct 21, 2016 11:52 AM IST

    China central bank learns lessons as deflates money market risk

    Once again, the People's Bank of China (PBOC) faces the same problem of too many banks relying on short-term borrowing. But this time, the central bank appears to be deflating the risk with less drama having learnt some lessons from its intervention in 2013.

  • China's 2016 economic growth seen slowing to 6.5% in 2017 Oct 17, 2016 10:31 AM IST

    China's 2016 economic growth seen slowing to 6.5% in 2017

    The world's second-largest economy faces nagging downward pressure due to slack global demand that has hurt its exports, as well as risks from painful reforms to cut industrial overcapacity and a growing pile of debt that some analysts fear could spark a financial crisis.

  • China says there is an urgent need for global cooperation Oct 10, 2016 01:26 PM IST

    China says there is an urgent need for global cooperation

    "There is an urgent need for global cooperation in view of the continued slowdown of global trade and investment, as well as the trend of anti-globalisation and protectionism," Governor of the People's Bank of China Zhou Xiaochuan said in his address to the International Monetary Financial Committee.

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