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IMF prospects Asia as top global growth engine

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

Business

China's Central Bank to cut reserve requirement ratio by 1 percentage point

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

China’s foreign-currency holdings gain -- Foreign reserves rise on yuan gains, capital curbs

Photographer: SeongJoon Cho/Bloomberg

Bloomberg News

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…

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China’s new central bank governor will have to deal with debt and an ambitious economic agenda

Written by Hui Feng.

The Chinese government has appointed a new head of its central bank. Yi Gang, currently the deputy governor of the People’s Bank of China, will take over the leadership from Zhou Xiaochuan, who had been in the position since 2002. 682 more words

China

China Readies A New Era In Financial Policymaking

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

Economy

China Is Said to Name Guo Shuqing as PBOC Party Chief

Bloomberg

March 25, 2018, 12:53 AM EDT

Guo 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 allows foreigners to enter $27 trn payments market

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