People's Bank of China

New Business

China’s stalled economic engines demand strong manufacturing, economist urges in Davos

With its old economic-growth engines sputtering or stalled, China should further empower its world-leading manufacturing sector, a globally recognised economist…

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New Business

HSBC unveils HyQ, a 25-storey office tower in Qianhai to drive cross-border collaboration

The HyQ tower, in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, is the bank’s first wholly owned building…

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Chinese yuan surges after Trump goes easy on China in inaugural address

The Chinese yuan surged on Monday night after US President Donald Trump struck a softer-than-expected tone on China during his…

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Home prices in China’s biggest cities stabilise under Beijing’s stimulus measures

New home prices across mainland China in December registered the smallest month-on-month decline since June 2023, propelled by Beijing’s stimulus…

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China’s consolidation of small banks accelerates to head off systemic risk

China’s efforts to consolidate its small banks have led to a sharp reduction in their numbers as regulators work to…

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New Business

China ‘confident’ in 2025 economic rebound, Hong Kong is key: central bank chief

China has the confidence, capacity and tools to ensure its economy recovers and grows this year, the country’s central bank…

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New Business

To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt

China’s central bank has mounted a stronger defence for the yuan and the domestic foreign exchange market, as the country…

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New Business

China should favour fiscal taps over policy easing to spur stocks: Goldman Sachs

China should learn from history and rely more on fiscal measures than rate cuts to spur stock market gains, according…

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New Business

China’s central bank rhetoric on yuan stability takes aim at depreciation risks

China’s central bank has signalled its resolve to stabilise the yuan’s exchange rate, with a stronger tone taken during its…

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New Business

Shanghai lived-in home sales hit 4-year high as incentives kick in

Lived-in home transactions in Shanghai hit a four-year high last month after mainland China’s commercial and financial hub relaxed purchase…

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