People's Bank of China

New Business

China’s central bank doubles down on financing support to boost consumption

China is doubling down on its efforts to encourage domestic consumption, with the central government and the country’s wealthiest province…

Read More »
New Business

Breaking | Mainland China, Hong Kong launching Payment Connect scheme to facilitate capital flows

China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move…

Read More »
New Business

Hong Kong stocks gain as PBOC’s benchmark-rate choice spurs optimism on economy

Hong Kong stocks rose on Friday, paring the week’s losses as China’s decision to stand pat on a benchmark interest…

Read More »
New Business

China will boost the yuan’s global reach with new operations centre, PBOC says

China will set up an “international operations centre” for the digital yuan to boost the global influence of the renminbi,…

Read More »
New Business

Developing | Hong Kong to act as launch pad for Chinese companies’ global push in pact with Shanghai

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an…

Read More »
New Business

China’s yuan fixing rate hits 2-month high as US dollar drops

China’s central bank set the yuan’s daily fixing against the US dollar at its strongest level in more than two…

Read More »
New Business

Gold 2.0 or just a fallacy? Crypto can’t chip away at gold’s safe-haven shield: researcher

Cryptocurrencies – including bitcoin and stablecoins – are not an alternative to gold, nor do they pose a threat to…

Read More »
New Business

China’s new home prices stabilise as rate cut, lifeline funding lift market confidence

Home prices in major cities in mainland China stabilised, holding onto recent gains as lower borrowing costs and state-led measures…

Read More »
New Business

To survive the trade war, China aims to create a stronger domestic economy

Beijing is doubling down on efforts to create a stronger domestic market, as it focuses on reducing China’s vulnerability to…

Read More »
New Business

China spurs Nansha as Greater Bay Area’s third hub for innovations, finance, connectivity

China unveiled new measures to develop Nansha in the southern Guangdong province into a pilot zone for financial opening, making…

Read More »
Back to top button