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People's Bank of China

Users opting mobile payments exceed 520 million in China

The combined value of mobile payments jumped 33.8 per cent to 39.2 trillion yuan (USD six trillion).

Nov 23, 2017, 12:05 PM IST

Chinese investors bemoan Beijing's bitcoin crackdown

Bitcoin has also lured many ordinary Chinese attracted by the incredible surge in prices, a popularity that has generated "pyramid schemes and financial fraud", said Dong Ximiao, an economist at Peking University.

Oct 01, 2017, 11:25 AM IST

China says considering tighter controls on yuan currency

China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalisation pledges.

May 26, 2017, 18:32 PM IST

PBOC to skip open market operations for the 11th straight session

China`s central bank said it would skip open market operations on Monday, citing "relatively high" liquidity level in the banking system despite some impact from local government bond issuance.

Apr 10, 2017, 10:31 AM IST

China's forex reserves drops to lowest since 2011

The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.

Nov 07, 2016, 22:19 PM IST

China's forex reserves fall $16 billion in August

China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.

Sep 07, 2016, 17:33 PM IST

China's forex reserves down to $3.201 trillion in July

China's foreign exchange reserves, the highest in the world, dropped to USD 3.201 trillion at the end of last month, down from June's USD 3.205 trillion amid concerns over capital outflows.

Aug 07, 2016, 16:43 PM IST

China's central bank pumps-in USD 25 bln to boost liquidity

 China's central bank has injected a whopping 163 billion yuan into 20 financial institutions to ease liquidity strain in the world's second largest economy, currently witnessing sluggish growth.

Feb 21, 2016, 17:33 PM IST

China floods financial system with $52 billion to boost liquidity

China's central bank said Thursday it was funnelling 340 billion yuan (USD 52 billion) into the financial system, the second injection in three days to meet surging demand for funds ahead of the Lunar New Year holiday.

Jan 28, 2016, 13:31 PM IST

China offers banks $91 billion ahead of holiday

China's central bank has pledged more than 600 billion yuan (USD 91 billion) in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year, when demand for cash surges.

Jan 20, 2016, 19:32 PM IST

China bank lending slides in December despite loosening

New loans extended by banks slid to 597.8 billion yuan (USD 91.1 billion) in December, against 708.9 billion yuan in November, the People's Bank of China said.

Jan 15, 2016, 17:07 PM IST

China October bank lending halves on weak demand

China's bank lending nearly halved in October compared with the month before, the central bank said Thursday, reflecting lack of demand despite an interest rate cut aimed at boosting the flagging economy, the world's second-largest.

Nov 12, 2015, 19:32 PM IST

China issues new 100 yuan note to stop forgery of currency

China Thursday issued a new 100 yuan banknote - the largest denomination of the currency available in the world's second-largest economy - with added golden touches and more security features that will be harder to counterfeit and easier for machines to read.

Nov 12, 2015, 17:19 PM IST

China calls for ATM upgrade to handle new currency notes

The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.

Aug 12, 2015, 17:59 PM IST

China to issue new 100 yuan note with more security features

China's central bank, the People's Bank of China (PBOC), Monday said it will start issuing a new 100-yuan bank note from November 12 that will be harder to counterfeit and easier for machines to read.

Aug 10, 2015, 11:36 AM IST

China's gold reserve zooms nearly 60% in six years

China's gold reserves touched a record 1,658 tonnes by June, 2015, zooming nearly 60 percent since April 2009, the central bank of the world's largest gold producer said Friday.

Jul 17, 2015, 19:18 PM IST

China bank lending slowed in April: Central bank

Domestic banks extended new loans of 707.9 billion yuan (USD 115.9 billion), the People's Bank of China (PBoC) said in a statement, down from 1.18 trillion yuan in March.

May 13, 2015, 17:03 PM IST

China consumer inflation rises to 1.5% in April

Consumer inflation in China rose to 1.5 percent in April, authorities said Saturday, but came in below market forecasts and analysts called for more action to avoid deflation in the world`s second-largest economy.

May 09, 2015, 09:27 AM IST

China's economy to decelerate next year: Central Bank

China's GDP growth will decelerate to 7.1 percent next year, the central bank Monday said confirming the slowdown in the world's second-largest economy amid speculation that it would miss this year's official target of 7.4 percent.

Dec 15, 2014, 20:45 PM IST

China launches draft rules for insurance of bank deposits

China on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps that pave the way for liberalising lending rates.

Nov 30, 2014, 18:01 PM IST