Yi Gang (R), Governor of People’s Bank of China (PBC), talks with International Monetary Fund (IMF) managing director Christine Lagarde at the Joint People’s Bank of China-International Monetary Fund High-Level Conference in Beijing on April 12, 2018. 507 more words
Tags » People's Bank Of China
BEIJING (AFP) – China’s central bank said Tuesday it would lower the reserve requirement ratio (RRR) by one percentage point for most commercial banks, to free up funding for small firms. 204 more words
Photographer: SeongJoon Cho/Bloomberg
April 7, 2018, 11:29 PM EDT Updated on April 8, 2018, 12:44 AM EDT
Reserves gain to $3.14 trillion in March after February drop… 219 more words
THE GOVERNANCE REORGANISATION rubber-stamped by the recently concluded National People’s Congress has significantly changed the policy-making and regulatory landscape of the financial system.
As with other parts of the administration, it has consolidated agencies and strengthened the Party’s leading role over state administration. 672 more words
March 25, 2018, 12:53 AM EDTGuo Shuqing.
Photographer: Qilai Shen/Bloomberg
China has named Guo Shuqing, the nation’s top bank regulator, as Communist Party Secretary of the People’s Bank of China, the New York Times reported Sunday. 461 more words
China will permit foreign companies to access its $27 trillion payments market, further opening up the world’s second-largest economy.
Foreign players can start applying for payment licenses and will be treated the same as local firms, the People’s Bank of China said in a statement on Wednesday. 142 more words