◦ Bank of China
China's foreign exchange reserves rise to US$3.23 trln - China Finance News
Finance

China's foreign exchange reserves rise to US$3.23 trln

According to data released Friday by the Peoples Bank of China the countrys gold reserves increased to 73.
China to cut RRRs, interest rates in light of economic, financial conditions in 2025 - China Finance News
Finance

China to cut RRRs, interest rates in light of economic, financial conditions in 2025

The average RRR for Chinas financial institutions now stands at 6.6 percent and there is still room for further reduction Pan Gongsheng governor of the Peoples Bank of China ...
China conducts 300-bln-yuan MLF operation to sustain banking liquidity - China Finance News
Finance

China conducts 300-bln-yuan MLF operation to sustain banking liquidity

The MLF operation features a one year maturity period and an interest rate of 2 percent unchanged from the rate of the previous operation conducted last month according to a statement...
Shanghai's global shipping hub ambitions take essential cargo on board - China Finance News
Finance

Shanghai's global shipping hub ambitions take essential cargo on board

That progress is reflected in the joint plan unveiled by state owned Bank of China and the Peoples Insurance Company of China to improve shipping safety promote trading convenience...
Former ICBC vice president handed death sentence with reprieve for bribery - China Nation News
Nation

Former ICBC vice president handed death sentence with reprieve for bribery

Zhang Hongli former vice president of the Industrial and Commercial Bank of China was on Wednesday sentenced to death with a two year reprieve for accepting bribes.
China's yuan loans grow by 5.13 trln yuan in January - China Finance News
Finance

China's yuan loans grow by 5.13 trln yuan in January

Social financing expanded by a record 7.06 trillion yuan last month 583.3 billion yuan more than the growth in the same period last year according to the Peoples Bank of China.
China's economy poised for steady growth in 2025 - China Economy News
Economy

China's economy poised for steady growth in 2025

China's economy is expected to maintain stable growth in 2025, according to the Q4 2024 monetary policy report released by the People's Bank of China on Thursday.
Foreign visitors experience China's improved mobile payment environment over Spring Festival - China Nation News
Nation

Foreign visitors experience China's improved mobile payment environment over Spring Festival

The latest data from the Peoples Bank of China shows that the volume of transactions made by international tourists during the Chinese New Year holiday which ran from January 28...
China's cross-border trade, investment more vibrant - China Economy News
Economy

China's cross-border trade, investment more vibrant

Speaking at the presser Xuan Changneng deputy governor of the Peoples Bank of China the countrys central bank said that in 2024 the PBOC implemented four significant monetary...
Authorities to impose limits on sports membership fees and cards - China Economy News
Economy

Authorities to impose limits on sports membership fees and cards

The new rules released by authorities including the Shanghai Sports Bureau Shanghai Commerce Commission Shanghai Culture and Tourism Bureau the Shanghai branch of the Peoples Bank of China...
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