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People`s Bank of China News

14 Apr 2017

China's shadow banking rebounds in March, household loans surge despite curbs

China`s banks unexpectedly extended less credit in March than in the previous month as the government tries to contain the risks from an explosive build-up in debt and an overheating housing market.

Interest rates in China

30 Dec 2016

'China economy improving, rate hike a possibility'

Interest rates in China are already on an upward trend as the economy improves, People`s Bank of China (PBOC) adviser Sheng Songcheng told Reuters in an interview.

15 Nov 2016

China weakens yuan to eight-year low against US dollar

The central People`s Bank of China set the value of the yuan -- also known as the renminbi -- at 6.8495 to the greenback, down 0.30 percent from Monday`s fixing, according to data from the Foreign Exchange Trade System.

Chinese exports

08 Nov 2016

China exports slip for 7th straight month in October

Chinese exports sank for a seventh consecutive month in October, data showed Tuesday, as weak global demand dealt a blow to the world`s number two economy following recent signs of stability.

China`s economic growth

17 Oct 2016

China 2016 economic growth seen slowing to 6.6 percent, 6.5 percent in 2017: Reuters poll

China`s economic growth is expected to cool to 6.6 percent this year and slow further to 6.5 percent in 2017, even as the government keeps up policy support to help ward off a sharper slowdown, a Reuters poll showed.

26 Jan 2016

China pours $67 bn into financial system before holiday

China`s central bank said Tuesday it was injecting 440 billion yuan ($67 billion) into the money market, seeking to ease tight liquidity ahead of the Lunar New Year holiday when demand for funds surges.

11 Jan 2016

Gold down, but stocks turmoil keeps it close to 9-week highs

Gold retreated on Monday as the dollar rose versus the euro, but the metal held around a nine-week high as pressure on stock markets continued to support investors` flight to safety.

04 Jan 2016

China cuts yuan to weaker than 6.5 against dollar

China cut the yuan`s value against the greenback Monday, making it weaker than 6.5 for the first time in more than four-and-a-half years, with pressure mounting as the world`s number two economy from a growth slowdown.

16 Dec 2015

China growth to slow to 6.8% next year: Central bank

China`s economic growth is expected to slow slightly to 6.8 percent next year, the central bank said Wednesday, adding that downward pressures would persist for a while.

15 Dec 2015

China ready to moderate sharp offshore yuan falls: Sources

China’s central bank is on guard against a sudden attack on the yuan in offshore markets, and is ready to intervene if the gap between offshore and onshore exchange rates becomes destabilising, sources involved in policy discussions say.

01 Sep 2015

China, eurozone weaken despite world awash with cash

China`s giant manufacturing industry contracted while British and eurozone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near zero for longer.

10 Aug 2015

China to issue new 100-yuan bank note

The People`s Bank of China (PBOC) on Monday announced that it would issue a new 100-yuan bank note from November 12, a media report said.

14 Jul 2015

China's central bank says financial system stable

Economic conditions were complicated and should not be underestimated, the People`s Bank of China (PBOC) said in a statement published on its website.

08 Jul 2015

China stock market freezing up as sell-off gathers pace

China`s tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of "panic sentiment" gripping investors.

29 Jun 2015

Chinese shares sink further, Hong Kong hit by Greece crisis

Chinese shares tumbled Monday after a rollercoaster ride, extending losses of the past two weeks, while Hong Kong also sank on expectations Greece will default on its debt and possibly crash out of the eurozone.

27 Jun 2015

China cuts interest rates again to support economy

China's central bank cut its benchmark lending rates by 25 basis points to 4.85 percent on Saturday, the fourth reduction since November, as it gears up to lower borrowing costs and support a slowing economy.

16 Jun 2015

China trying a policy twist to cut borrowing costs

China is looking for new ways to lower stubbornly high long-term borrowing costs and stop the fruits of its looser monetary policy being pumped into speculative plays instead of supporting its slowing economy, policy insiders say.

Economy of China

11 Jun 2015

China's economy shows little improvement in May, investment growth sinks to 15-year low

Economists at the central bank said this week they expect growth to pick up modestly in the next six months as previous policy easing measures start to take effect and the housing market stabilises.

27 May 2015

China central bank warns of unstable inflation outlook, low prices

China`s central bank warned of deflationary pressure in the world`s second-largest economy on Wednesday as it forecast subdued consumer prices for the year and a challenging growth outlook.

11 May 2015

Asia shares mostly up after US jobs report, China rate cut

Shanghai jumped 3.04%, or 127.66 points, to 4,333.58 and Hong Kong added 0.51, or 140.86 points, to close at 27,718.20.

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